Kollipara Sundaraiah

I.t.assess cash payment voucher above Rs:5000/- stamp affix mandatory or not


nitin ravi
17 February 2021 at 09:30

Form 16B not generated

Hi,
I have paid TDS on property on 7th Feb and today is 17th, still I am unable to generate form 16B. It says no data available. Can anybody please help. Its a bit urgent.


Dhirendra Kumar Dubey
16 February 2021 at 19:02

Professional tax

Dear Sir,
we have typing mistake in financial year 2020-21 to 2021-22 for pay online professional tax
pls guide to me for correction
how modyfy 2021-22 instead 2020-21


Arun Kumar M
16 February 2021 at 17:08

INTEREST INCOME GIVEN BY PROPRIETOR

Dear All
I would like to know whether a Proprietor can waive the Interest Income which was paid by him for past years. The income is not paid in one financial year 2020-2021 due to covid-19. Is there any implications wit regard to Income Tax Act?

If cannot be waived, can it be reduced?


Sheikh Hamid
13 February 2021 at 18:12

HSN Code in Country of Origin Certificate.

Respected Sir,
We have exported Plastic Caps to Bahrain.
The HSN Code is 39235000 which is mentioned in Export Invoice and Packing List.
But while submitting the Country of Origin for Endorsement at IMC, the HSN Code mentioned only
5 Digit : 3923500.

Is it acceptable or I have to get it corrected at IMC
Can you please advice us.
Thanks .

mail ID : exceltradingco@hotmail.com


Sunil Kumar Mishra
05 February 2021 at 12:22

TDS RATE AND U/S ON PARTICIPATION FEES

Dear Expert
I have received a bill from Company for the following charges.
Participation Fees for
Training Conference - Rs. 100000/-

Add : Goods & Service Tax @18.% - Rs. 18000/-

Total - Rs. 118000/-

I want to know that under what section Tds has to be deducted on this bill.


Regards,


Kollipara Sundaraiah
31 January 2021 at 22:29

Rental income accounting entries

Sir,
A business I.t. return filed assess rental income Rs:1,20,000/- received.
Question:
Assess rental income Rs:1,20,000/- credit by profit and loss or credited by capital account accounting entries passed is correct method in books.


Loganathan Ramasamy
28 January 2021 at 15:41

NRI status clarification

Hi,
My son gone UK, on deputation through his company at Nov 2019. He have to change as NRI in this financial year. I need to have clarification that my daughter-in-law also with him as housewife, is she also have to change status as NRI for her IT filing at INDIA.
Loganathan.


shoukath

I have purchased the plot for the purpose of constructing my own house. I have paid the Registration and stamp duty around 5.28 lakh is it possible to claim? if so is it possible one go? house still under construction


M. V. Sagar

I am thinking of taking a copy-editing service from a UK foreign national. He is not an NRI. For this, I need to pay about eighty thousand INR through an intermediary freelancing websites. Though I am a freelancer myself in my own profession, the service I plan to take is not related to my profession at all. Could somebody answer if I need to to pay any tax on the payment I am going to make? Note the amount to be paid is not my income, rather it is my expenditure for a private work/use that is not my business. The service itself is business to the foreign national. He does not have any office in India and he himself is a professional freelancer.