Union Budget 2019 a new section - 194N is inserted in Income Tax Act, 1961, to further discourage cash transactions, which provides levy of TDS at the rate of 2% on cash withdrawal in excess of Rs.1 crore in aggregate during the year. The new section is effective from 1st Sep, 2019

Respected Sirs,

Okey w will pay TDS u/s 194-N but how we will fine TDS Return u/s 194-N

Please guide me and oblige.

Hi,

I want to gift money to my Dad in India.
What all documents would be needed?

Can I give money through App- Remitly.
They won’t give any remittance certificate?

Pls help

A company, Resident in India, is planning to open a subsidiary office abroad. The consultant helping over there, is asking for a tax clearance certificate.
Does the department issues certificate for such a case? Whether this is mandatory? Or we can tell the consultant that it is granted for the purpose of purchase/sale of property only.

Please suggest.

Whether GST ITC reporting will be covered under this Clause ?

suppose,I sold a house property for 30 lacs and its cost is 10 Lacs,now capital gains are attracted on 20lacs gain.To avail the benefit of sec 54 am I supposed to deposit 20 Lacs( gain amt) or 30 lacs( sale consideration) ( assumed the property is long term)

Sir,
We have purchased one motor cycle for business purpose. Can we claim ITC and deprecation on the Motor cycle
Please advise

I paid a sum of Rs 100000/- to my contractor as advance. But not deducted TDS.

Wanted to rectify error how much TDS to be deducted and deposited and what will be the accounting entries passed.

Please suggest

Respected Sir

Whether there is TDS on cash drawing also ?

What is the limit of cash drawing fully exempted from tds ?

Whether such TDS is refundable ?

Please guide me and oblige.

Whether Private hospital eligible to register under MSME scheme of Government.
If yes what are the conditions
If no whether it can be converted into MSME.

what is gross salary for professional tax . net salary + employee contribution+ employer contribution. it is right or wrong.