Kalpana Indurkar
27 February 2024 at 12:19

Deduction of TDS on contract purchase

hello sir,
my query is I am working in a school trust recently my school purchase fixed assets of valuation more than 500000 through tender process. After completion of process the contract is given to the lowest bidder and the assets where purchase. Shall we deduct TDS on payment for the purchase.


Gangadharan nair
27 February 2024 at 11:59

ARREARS OF SALARY DEPOSITED IN PF

NO SALARY RECEIVED IN TWO+ YEARS AND AFTER THAT RECEIVED THESE SALARY IN ARREARS BUT DIRECT TRANSFER TO PF. HOW THIS INCOME IS CALCULATED IN ARREARS AS ALL THE SALARY MOVED TO PF.WHAT IS HIS TAXABLE SALARY FOR PREVIOUS YEARS.
EX. A RECEIVED SALARY FOR FY 23-24 TAXABLE INCOME 400000, HE HAS NO SALARY FOR 21-22,22-23 WHICH WITH RECEIVED 1200000 IN 23-24 AND DEPOSITED IN PF. HOW IS THIS CALCULATED FOR ARREARS AND TAX.


AUDITORS EDAPPAL

WHETHER WE CAN OPT FOR 115BAC WHILE FILING UPDATED RETURN FOR AN ALREADY FILED ORGINAL RETURN UNDER 115BAC WITHIN DUE DATE.


umesh jadhav
27 February 2024 at 10:33

EXCESS PAID Sec 195

I have paid TDS in Feb 2024, but I have excess paid under section 195. So the excess paid amount I can adjust those amount in next month TDS payment.

Sec 195 amount I can adjust with other section?


Rahul Raj
27 February 2024 at 10:29

Capital Gain Exemption income tax

A property (House property) that is owned by a proprietor firm. The proprietor wants to sell it. now the question is how can capital exemption be claimed by the proprietor.


CMA Pravat Kumar Parida
27 February 2024 at 09:48

REGARDING ITR U FILE.

WHEATHER I CAN FILE ITR U AGAINST AY 2022-23 AND AY 2023-24


thirumalaidasan.k


The Asst. Commissioner (ST)-X Circle, Chennai, transferred the arrears in Form-30 to "Y" Circle, Chennai outer. The notice received from AC "Y" Circle,dated 21-2-2024, addressed to AEE P. Ltd. The notice is related to A Engg Enterprises for the period of 2007–08 to 2010–11. The notice mentioned, "They also did business in the name and style of Tvl (M/s) A Engineering Enterprises.". The AC advised in the notice to pay the arrears and slated PH for 29-2-2024. Is this notice on the suspected case from 2007–11, after 13–16 years? What is the obligation for the P.Ltd. company, converted in 2012, now? Please advise all the options and mandatory things, pros and cons. Thanks in advance.

0


pradeep kumar

is there any need to upload partnership deed during online registration at egroups


nitin
26 February 2024 at 19:03

Standard deduction on rental income

Hello
I need to know whether standard deduction of 30% on rental income is applicable for a company renting out premises to a school/ college.
Kindly clarify. Thanks.


Amandeep Singh
26 February 2024 at 16:10

Invest in Mutual fund and Stock ITR

Dear Sir

I have invested Rs.220000/- in Mutual fund Via monthly SiP and some Lumsup amount and invested RS.100000/- in Stock also approximately 6 Transaction in 6 months. Its high value Transaction Can i face any notice issue from IT Department. My earning source from Salary I am regular filling ITR but invest in Stock market First Time. so Please suggest Accordingly.






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