Shankar
25 April 2021 at 10:46

80CCD (1B)

Dear sir/ Madam
can employee claim deduction u/s 80CCD(1b) in respect of nps deducted from salary by the emloyer ( employee contribution)

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Shashank
24 April 2021 at 15:11

Treatment of laptop

Please suggest:-
A person is rendering export of services in relation to software programming opted 44ADA and registered under GST also. Now, the person has been assigned a project to code for MAC (apple operating system) for which Apple laptop is purchased.
Query:- How to treat such purchase as the amount is to collected from the recipient of services. Whether such purchase of laptop will be professional income and can such asset be treated as Fixed Assets at the same time.
How to raise invoice in GST as to whether the amount of laptop be included along with regular monthly invoice of services rendered or no invoice shall be raised for laptop.

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Caanchal Rastogi
16 April 2021 at 15:25

DEDUCTION U/S 80D of Rs. 50000/-

An Individual can avail benefits of both sub section 2(a) and 2(b) of section 80D simultaneously. In other words total deduction of Rs. 50,000/- can be availed under above both sub section

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ARUN GUPTA

My rental Income is Rs600000. Will standard deduction of 30% will be allowed under new Tax regime. How will be rental Income calculated under new Tax regime.?

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Shilpa Lingayat

Dear Sir/Ma'm
I have filled Form 24Q Q4 for the FY 20-21 it got rejected immediately with the error description Invalid Chapter VI-A section ID (line no 207) so I checked text file line no 207 it was about sec 80CCG and the team member whos details were showing in text file fall under new regime so there were no investment declare by her. I did not understand what it actually means I called our TDS software support team then tin helpdesk but no use
I call efiling helpdesk they said to sent an email, I did that but no respond I received.
I need your help to understand this and what action I should take
Looking forwards to hear from you

Thank you in advance

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mahan
14 April 2021 at 23:44

Advance tax assessment

For time deposit for one year period, interest payable on maturity, runnig across two financial years.
Then, as at March of first financial year, interest is not paid to depositor; there is no passbook for time deposit indicating accrued interest amount.
Qn 1. Then, how the depositor expected to assess his interest income for first year to pay advance tax.
Qn 2.is it ok if the depositor declares the interest income on actual receipt in 2nd year on maturity and pays tax only in 2 nd year

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V
14 April 2021 at 22:03

TDS on purchase of property -194IA

If purchase deed of December 2020 is registered in April 2021 and no consideration is paid before April 2021 then TDS liability will arise in December 2021 or will it arise in April 2021 as transaction will be actually enforceable after registration. What will be treated as date of transaction for TDS and filing 26QB, December 2020 or date of registration

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G. Parameshwar Rao
14 April 2021 at 13:12

TCS on sale of Goods u/s 206c 1(h)

Dear Experts,

Is TCS on sale of Good u/s 206c 1(h) has been abolished from 1st April-2021.

Please let me know.

Thanks & Regards,
Paramesh

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TARIQUE RIZVI
13 April 2021 at 17:45

=+R2*$M$13/100*S2/366

Respected Sir,
Please guide me and oblige.

=+R2*$M$13/100*S2/366

Whether the above formula is applicable while working depreciation in days ?
R : Stands for what
M: Stands for what
S: Stands for what


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Pranil Sarode
13 April 2021 at 17:01

Tax Exemption tricks

Hi,
I want to know how to get tax exemption in salary if we create a FD. It has lockin for 5 years and will I get tax exemption if I break it before 5 years. Also please suggest some ways to save tax.
Thanks in advance

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