6. Question 7: Determine the applicability and amount of TDS or TCS in the following cases- SI Transaction entered between 14.5.2020 to 31.3.2021 No 1. Dividend of Rs. 50,000 paid by X Pvt. Ltd to Mr.X through online transfer. 2. Interest on term deposits of Rs. 50,000 paid by a co-operative banks to one of its member Mr. X (aged 45 years) 3. Interest of Rs. 60,000 paid by a non-banking co-operative society to one of its member Mr. Y (aged 61 years). In the preceding financial year the total turnover of the society was Rs. 10 crores. 4. Mr. X (a manufacturer) has received a works contract from X Pvt. Ltd. As per the contract Mr.X is required to manufacture the goods on his own account as per specification of X Pvt. Ltd. The total contract price is Rs. 2,00,000 which includes value of material of Rs. 50,000 supplied by Y Pvt. Ltd (an associate company of X Pvt. Ltd). 5. Mr. Shyam, a mechanical engineer has raised an Invoice of Rs. 50,000 on account of technical fees from a motor manufacturing company. Varma Production Ltd. raised a royalty invoice of Rs. 5 crores on JJ.TV Ltd. on account of exhibition rights of cinematographic films. Dividend of Rs. 10000 paid by a mutual fund company to Mr. X, one of the Units holder Mutual Fund specified u/s. 10(23D) The bank account of Mr. A, an account holder of a public bank, shown cash withdrawal Rs. 30 lakhs for the F.Y 2020-21. It was found that Mr. A has never filed his return of income. 9. X Pvt. (seller) has made online sale of its product through an e-commerce operator. The Gross amount of the transactions is Rs. 1,00,000. 10. X Pvt. Ltd. (a dealer) having turnover more than 10 crores during the preceding financial year, has entered into sale transaction of Cosmetic product with Mr. Y a retailer) during the P.Y 2020-21 as under- From 1.4.2020 to 30.09.2020 Rs. 60 lakhs From 1.10.2020 to 31.03.2021 Rs. 20 lakhs Above Value includes GST @ 18% 11. Mr.X has converted Rs. 10 lakhs to US$ from SBI (authorised dealer) for transferring the same for his sons's study at USA under Liberalized Remittance Scheme of the RBI. Rs. 10 lakhs is obtained from SBI under Study Loan. 12. Mr. X has booked a packaged tour to Singapore for his family from Jain Tours & Travels. The cost of the package is Rs.80,000. 7. 8