My annual salary is 5 lakhs yet my employer deducts TDS since my salary goes beyond 3 lakhs. Can anyone guide on this. As per my knowledge if i am opting for new regime i shall not liable for any tax.
2nd what are the tax slabs for new regime? since Income Tax website shows as below for new regime as well.
Up to ₹ 2,50,000- nil
2,50,001 - ₹ 5,00,000- 5%
5,00,001 - ₹ 7,50,000- 10%
7,50,001 - ₹ 10,00,000- 15% and so on.

Dear Experts,
1 A company is availing the valuation services for its business premises from a registered Chartered Engineer
2 What would be the GST implications on its service
3 The service provider does not registered under GST

Dear Sir,
We are corporate company, security service provider is individual with GST register person but as per gst law we are taking monthly bill without gst from them due to service provider is individual, as well as we are paying RCM to GST authority and taking input credit on this bills.
Later on service provider cancelled their gst registration due to this reason GST authority will disallow the our GST input credit on security charges. please clarify this issue

There is Agreement between the company and sellers (Directors) of land on 1.7.2023, for the purchase of leasehold property in the name of the Company.
Now Company wants to issue shares to the directors for the purchase of leasehold property in the month of Jan 2024.
When EGM (in July or before allotment of shares) to be called for allotment of shares.
Similarly, for loans taken from directors, shares to be issued, when EGM to be called?

Dear Sir

Ours is a partnership firm liable to audit u/s44AB. We have filed my ITR for the AY 2023-24 within the stipulated time, ie before 31st Oct 2023. We received defective notice on 12.12.2023 against which we had filed a corrected return on 27.12.2023 within in 15 days specified. On the same date the filed return also declared as defective and issued a fresh letter against the same. The due date for the new notice is 11.01.2024 but unfortunatly we had failed to submit explanations for the same. Now in the portal the submit button was disabled and we are unable to submit any response in this connection. Kindly advise us is there any solution available for the give the explanations in this regard. We had filed the corrected ITR and no changes proposed to be included therein. The reason for defective is some reconcilation between 26AS and ITR Income only.

Thanking You

CA MANU K

Dear Sir/madam,

Could you please advise on below query.
I have received critical illness insurance payout from insurance company.
Please advise whether I can transfer amount to wife bank account to make a fixed deposit. The reason I am asking is that interest on FD will get included in my taxable income if I do fixed deposit.

Thank you

Gajanan

Monthly mobile bills from Vodafone received. We have deduct TDS or not? If yes, then u/s 194C or 194J?

Sir,
Assessess govt employee itr filed every year.but assessess purchase of residential property value rs: 1 crores present financial year.
Question:
Assessess how to prepare of balance sheet and capital account

Our company organize an event of motivation speaker program for staff and partner, he raised an invoice + 18% and mentioned " Consultancy Fees" on invoice.

Please tell me much tds deduction on this payment. 2% or 10%.

Sir One Agriculturist no other income except Agricultural income had sold his rural agricultural land into residential plots over period of 3 years to maximize his sale value . Since there is no adventure in sale (Income from Business other than this sale) is it treated as Exempted Income or to be treated as Income from business.