Dear Sir,

If we make payment in cash for some expenses then we need to deduct voucher or take sign of receiver on bill ?

Hi Expert,
Our company had change Registered office from Mumbai to Delhi, therefore we had change our TAN also and taken for Delhi state TAN number. we had paid all due and returns for our Previous TAN (Mumbai base).

Now first time we are deducted TDS and need to be file TDS return with new TAN number(Delhi base), My query is:
# While making TDS return, they are asking two option "
Option 1-has regular return filed for Form 26Q/24Q earlier: Yes/No
Option 2-Token No. of Previous Regular return:.................

Should i Make yes or No in Option 1
Should i Put Previous regular return token Number (which was mumbai base TAN return)

Please advice for the same.

Thanks

One of my friend is doing business of fruits saller ,His business is of unique nature, he is a fruits seller, use to get fruits from Farmers and sale it in market.
Collect the sale consideration in cash and deposit it in his own bank and after keeping his own commission send sale consideration to Farmers through NEFT.
His commission is 9 lakh but has to make some expenses out of his commission like truck fair etc.
Cash deposit in his bank is about 1 crore and 36 lakh.
His actual profit after making all expenses from his commission is about 3 lakh.
Know if he treats his business as commission agent then he have to pay tax on 4 lakh 50thousand but in actual his income is less.

What is the best way to treat this case as per income tax point of view.

Sir I have already availed income tax facility for one flat and one row house . I want to sell my old row house for 30 lakh , which I was purchased 15 years ago for 8 lakh . With this capital of 30 lakh and another home loan of 30 lakh from bank/financial institute , I wish to purchase a new bunglow for 60 lakh rupees , please tell that whether I,m eligible for income tax rebate and yearly interest paid upto 2 lakh and if yes then please mention under which section?

Hi
Is there any list of goods & services on which GST input cannot be claimed?

Also i have a query:
Whether GST paid on electrical fittings, such as Cables, Switches, NCB, and other electrical consumables meant for repair of existing electrical fittings shall be available for ITC?

A non business person making payments to a resident contractor for the construction of his house.
From April 2019 onward his total payments amount to 60 Lakh and after 1st September only 20 Lakh.

194 M applicable to entire amount ?

194 M applicable from 1-9-2019. Whether we need to consider payments from April 1 onward ?

When EPF is withdrawn before 5 years, from the past Q&A I've gathered that the Employer contribution and its accumulated interest should be shown under the head salary. Specifically under "Profits in lieu of salary as per section 17(3)" Is this correct?
member contribution where 80C benefit was not claimed in the previous years is not shown in the ITR ?
Show revised income tax for previous years in form 10E and claim relief under section 89(1). Is this correct?
Please advice. Thanks

For withdrawal of EPF before 5 years should one use ITR1 or ITR2. WeI used ITR1 and showed the taxable portion under Income from other source and it was returned as defective. Now I find in ITR2 Schedule OS having "Accumulated balance of recognized provident fund taxable u/s 111" added to Income chargeable at special rates. Should we add the taxable portion of EPF here in Schedule OS. Kindly advice. Thanks

Hi experts,

One of my client's cancellation application is pending for more than an year. I have visited the department several times but i hear lame excuses all the time. Is there a way to escalate the issue to higher authorities?

Thanks

1) Can a UDIN be revoked / Cancelled and regenerated with New Financial Figures as Date is extended to 31st Oct 2019.
2) I have Come across some CA's who are adamant that their is no provision for revoking and regeneration of UDIN and they will file ITR and Audit Report as per old Financials they have audited before
3) Is their any Fine/Penalty for Assesses for whom their CA's did not generate UDIN before 30th Sep 2019