Is tax audit required if there is speculation loss on intra day trading on day 1 of Finanacial year and speculation gain on some other day of the same financial year, the net off result of both these speculation transactions is speculation gain and the turnover does not exceed 1crore

Hi,
One straup company opc is registered in last year, stayrd businnes in 2020 first week, now company received a last 7 months businnes ,this month they planeed to pay salary to their employees , company not registered under professional tax ,can you give suggestions how to apply for PT registration and deduct pt for last months,and consequences for delay PT payments

Sir,
SBI deducted TDS even after submission of Form-15H. After reporting Br. Manager of bank advised me to take refund through filing of Return . The FD was for five years and TDS was deducted for first two years. It has come to knowledge on maturity . Is it possible to claim refund of three years back and if not , where complaint can be lodged against bank for compensation for loss of interest . Then it will be an extra burden of cost for filing of return by Income-tax expert for consecutive two years.
with regards,
Sudhir saha

Dear sir,

ITR-1( FOR AY 2015-16) was filed online through "income-tax e-filing portal" in may'2016 .I forgot to e-verify that ITR. I missed to send that ITR-V (INCOME TAX RETURN VERIFICATION FORM) to CPC bangalore through INDIAN POST-SPEED POST. In my login, it shows e-verify is pending for AY 2015-16. But in incometax -e-filing portal, there is no option for applying E-VERIFICATION for A.Y.2015-16. What is the consequences? Shall i download acknowledgment for AY2015-16 and send to CPC , this period?

SIR ,
I have GST Turnover of 678,000/- for the FY 2019-2020 of contracts.
But In Form 26 AS, Amount credited is 12,00,000/- u/s 194C

Which one to show as turnover in Income tax return .

I am a salaried person ( No business income)
and preparing my accounts on tally from past few years
i know its not compulsory but even though i do so

so i am paying lic premium
but i want to know that whether it should be shown under investment or under capital

what is correct accounting treatment
i want fundamentally correct answer sir and the logic behind it

If premum paid details are Not availabe can i credit maturity amount to capital account. Why capital gain? Total amount bifurcation will be available in lic maturity statement.Difference of maturity amount and sum assured will be bonus. All amt recd is not liable to capital gain tax. Is it ok

Dear sir,
i have one doubt, while claiming 80D deduction or 80C deduction only premiums considered or premium+GST considered.
Please tell me the Relevant Provision or Notification.

Thanks in advance,
Regards,
Bheema Reddy.

Hi I have a small namkeens manufacturing unit in Sikkim, in the name of " TIRUPATI " . We pack the products in polythene plastic pouches with TIRUPATI printed over it, with date of packing, best before date, weight and mrp . But we have not registered the brand name " TIRUPATI " anywhere. Our monthly turnover is 3 Lacs plus. Will it be treated as a branded sale ? What would be the incidence of GST slab applicable ? Regards.

My query was regarding the Suo Moto Cancellation and Collection of tax .I'm working for a SErvice Oriented company and the GST registration was cancelled , Suo Moto by the Range (Jurisdictional Office) with effect from March 2020.

But the company instead of many advices from the accounts and audit department , the company management is collecting tax from the customers and giving tax invoices since then and continuing till this time.But since this is Covid time , No officer have been able to see through this yet,

Requesting you all to please clarify the following ,

1.Is the company righteous in collecting tax and giving tax invoice after suo moto cancellation of GST Registration.
2.Whether we can pay the tax through GSTR 3B so collected and file GSTR 1 for the cancellation period ( means the tax so collected from March 2020 after the cancellation of registration )

REgards

M E