jyotika
01 April 2021 at 12:30

Time barred Income tax Returns

You have replied on 19 July 2016 that Facility to file time barred returns online are enabled by incometaxindiaefiling website on 15/07/2016, do file if you have such returns any...

Can u kindly tell me the procedure for the same

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sankar ponnan
31 March 2021 at 13:21

Tax payables and depreciation

SIR-

1] Unabsorbed depreciation loss can be carried forwarded to the next financial years for set-off in case the IT Return filed in late for individual?

2] If TDS payables not paid in current year but to be paid in the next financial year by GTA PVT Company, the deductee can claim it in the next year?

(a) if the deductee is the director of that company?
(b) If the deductee is not the director of that company?


Plz guide us sir
thanks in adv

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Shaik Shair Ali
31 March 2021 at 11:28

Calculation of profit for firms @8%

Dear Sir,
For partnerships firm for audit u/s.44AB profit above 8% shall include interest & remuneration to partners or not.
Thanks in advance

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Neha
28 March 2021 at 15:48

Query about Tax audit

Sir/Madam
I am a professional having a proprietorship business for Financial year 2019-20 my professional income is Rs 738600. Profit from business profession is Rs 312000 ( which is less than 50% of professional income). Also have annual rent income 210000. Do I need a Tax Audit. Please mention income tax section applicable if possible.
Please guide
Thanks in advance

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CA Akshay Somani

My Company is a online gaming company. So, we need to deduct TDS on the winnings amount exceeding Rs.10,000 u/s 194B. But the question is do we need to deduct TDS of the player according to per game basis or do we need to consider the limit of Rs.10000 aggregately irrespectively of the no. of games played. For e.g. Mr. A played a game conducted in April and won Rs.3000. Further he again played in September & Dec and won Rs.5000 & Rs.8000 respectively. Now do i need to deduct TDS in this case or not ??.
Please reply on this query .
My concern is no. of players play our game every day and keeping track of the aggregate amount of winnings earned by such no. of players will be a difficult task.

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koteshwar rao Kattamoori
23 March 2021 at 15:56

Salary

can we pay the salary in cash more than 10000

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Ravi Konda

Hi all,

Our company is intending to pay award to one of our employee who has worked for 20 years.

Is the amount payable as award to employee for his length of service is Taxable?

If yes than under which head

Regards,
Ravi Konda

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Kollipara Sundaraiah
22 March 2021 at 22:43

Income tax query

A person wanted home loan from bank.a person below taxable income(2.5 lacs).
Question:
A person it return filed compulsory.(it return without filed home loan eligible)

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VIPIN GUPTA
20 March 2021 at 20:33

TDS Provision

One of our client is a Private School he is paying Interest to NBFC for loan taken. Will TDS provision no applicable on it.

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praveen
16 March 2021 at 13:24

Roc

Dear Expert,

We need to file the ROC return (Pvt.LTd.)for the last year and before last year with NIL Turnover..

1.What is the penalties/interest required to be paid for late filing..

2.To file the ROC does the Auditor/Company secretary sign mandatory or any one can do the filing..

Kindly confirm and do the needful

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