Respected Sir,
An ITR has been filed with wrong TAN mentioned in the Schedule-TDS. The ITR has been processed disallowing the TDS, consequently, a demand has been raised by the CPC.

A request for rectification u/s 154 has been filed after correcting the TAN.

Is it also necessary to respond to the demand notice u/s 245? Whether the CPC will close the demand notice suo moto after processing the rectification request?

Thanks & Regards,
Purusottam Panda

Sir, i have made interstate purchases of 5% from registered person.Transportation of goods done by unregistered person,now what is the taxable provisions regarding transportation? is it exempted or Reverse charge mechanism applicable? If so,then which percentage?

As per Explanation 3 to Sec.2(1A), any income derived from saplings or seedlings grown in a nursery is deemed to be agricultural income.
Also, Clause (a) to the said section states that any rent derived from Land which is used for agricultural purposes is agricultural income.
If so, can it be said that Land rent recieved from an nursery is agricultural income?

There is a vehicle in company accounts which has actually been purchased for a director.Now the director has resigned and wants the car back. What would be the steps for removing the vehicle from the books of the company.

I would like to know when i have to deduct TDS suppose: Example
1. I have booking a Villa for 75,00,000 on 02.06.2019 and paid booking advance of 50, 000
2. i have to paid on or before of Agreement of sale 20% of Sale Value i.e 15,00,000 31.07.2019
3. then i went to loan for the balance amount and the Registration done on 28.09.2019 and the balance amount ( i.e Loan Sanction Amount Directly transferred to Seller ) after the Registration.
4. if am TDS deducted after the Registration 1.11.2019 on full Value 75 Lakhs and paid the same date is it considered as late deduction.

in the above cases when i supposed to deduct TDS and if the AOS have multiple buyers, if there share is below the 50,00,000 ( 75 Lakhs A-45, B-30 ) is it required to deduct TDS.
thanks in advance

Company is constructing a new retail showroom. Can input credit on all sums spent - Capital goods - for the new showroom, be taken? Kindly clarify.

Dear Sir,

I want to know whether there is any way by which a Pvt Ltd company can give consultancy or professional fees to an individual without deducting any tds. Every month the company gives 21,000/- as consultancy charges to that person.

Regards,
Divyesh Jain

SIR

There are 3 GST numbers with a pvt ltd co.. Suppose first GST numbers is having turnover of 100, Second GST number is having turnover of Rs.200, and Third GST number is having turnover of Rs.300/-.

Now while doing gst audit of A in cloumn 5A of GSTR-9c should I write turnover of Rs.100/- or total of all i.e 600.

Sir
I want to give rent to my mother. Property is jointly held by father and mother.
1. Can I give rent only to my mother for her support.? Y or N.
2. Can I give rent of Rs.30000/- . What will be the consequences of it. I am an individual and not having TDS No.
Pl advise the ways how can I show.
Regards

I have incorporated a new Limited company in FY 2019-2020 and wants to avail the complete benefits of Deductions/Exemptions. What would be the Corporate Tax rate & MAT rate (Both including Surcharge & Cess). Projected Income would be 7-8 Crore.