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vin
13 February 2021 at 19:08

Provision for expense

If we know that we are liable to pay interest in income tax u/s 234a,b & c ?Can we create prov. For interest and debited to p& l

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manisha
04 February 2021 at 14:55

Deduction under income tax

Dear Sir

I have Investment US 80C rS.150000/-,I am also having Mediclaim policy, even though I have to Invest Rs.45000/- to get Income tax benefit.

Please tell me where i can invest and get deduction in Income tax

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Rahul

How do i apply for seeking 1 week time for submission of Appeal in eproceedings. There is facility to submit Response Type : Partial/Full and there is a detailed response/remark Table.

I need 1 week extension for submission of Appeal Documents earliest help will be highly appreciated.

regards,
CA Rahul Kumar

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Nikhil Sharma

Dear Experts
Pls tell me the due date of filing TDS return for 3rd quarter for FY 2020-21

Thanks
ASAP

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Asit Kumar
31 January 2021 at 01:41

Revising belated return

Sir, for AY 2016-17, i filed original return after due date u/s 139(4) with zero refund and it was processed by IT dept. But on finding some omission of income, i filed revised return in March 2018 claiming refund of 33000. But, IT dept is saying revised return is invalid since original return filed after due date.
I know that from AY 2017-18, belated returns can also be revised u/s 67 of finance act 2016.
But, in my case, what is the way forward?

Should i apply to Commissioner of IT for condonation of delay u/s 119(2)(b)?

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G.Veerabadran
30 January 2021 at 15:49

Long Term capital gain

Mr X   had purchased a flat for  23 lakhs but the Sale Deed value is only 9 Lakhs. Agreement to Sale shows the Value as 23 lakhs and the money paid through LIC Loan ( Having all the Proof of payment)  in the year 2011.

Now he wants sell the property for 37 lakhs. For Index the cost of the Flat whether 23 lakhs ( Actual cost ) or the Registered Value of Rs. 9 lakhs ( Sale deed value ) to be considered.

Please clarify .

VEERABUDRAN

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CHANDRAKALA
29 January 2021 at 12:29

About UDIN

While submitting 3CA & 3CB, we have created udin and submitted at that time.(Showing udin consumed in CA login portal). After submission of 3CA& 3CB we revoked udin and created new udin. Now i want to consume latest udin in CA Portal. Please suggest how to update udin in CA login portal.

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Pravat Parida
29 January 2021 at 11:17

TDS u/s206(1H)

We have two units, one unit supply goods exceeding Rs 50 Lakhs per annum to customers and deduct tds u/s 206C and another unit supply Goods cover u/s 206(1H) less than Rs 50 Lakhs supply, wheather tds is applicable U/s 206(1H) ?

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P.Madhivadhanan
28 January 2021 at 20:26

NON RESIDENT OUTWARD REMITTANCE

AN NRI ASSESSEE WHO SOLD THE INHERITED PROPERTY FOR 2700000 NO TDS DEDUCTED BY THE PURCHASER. LONG TERM CAPITAL LOSS ARISES. NON RESIDENT FILED THE ITR AND GOT ASSESSMENT ORDER U/S 143(1) .SALE AMOUNT CREDITED IN HIS INDIAN BANK AC. HE WANTS TO TRANSFER THE MONEY TO UK. WHAT PROCEDURE TO BE FOLLOWED BY INCOME TAX ACT & FEMA ACT.

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RESHMA NEERALAGI
27 January 2021 at 22:00

TDS

TDS Challan Payment is selected wrong assessment Year, what is the solution.

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