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Kollipara Sundaraiah
This Query has 1 replies

This Query has 1 replies

07 January 2021 at 22:34

Taxation of AOP in hospital

Assess maintained a private hospital recently new pan card number received AOP registered in I.t. act.
Question:
Assess taxation of AOP for hospital and accounting records maintained producer


Kollipara Sundaraiah
This Query has 1 replies

This Query has 1 replies

07 January 2021 at 16:15

Tax applicable on turnover

A gst registered dealer sales turnover declare Rs:60 lacs under gst act.but dealer sales turnover declare Rs:45 lacs sec 44ad filed show in I.t. returns.
Question:
Dealer sales turnover tax applicable Rs:45 lacs or Rs:60 lacs declare in gst act.


ISMAIL G.A
This Query has 1 replies

This Query has 1 replies

02 January 2021 at 11:51

26QB correction

i have filed correction statement after paying the amount of interest for the intimation u/s 200A but again i received a RECTIFICATION ORDER U/S 154 OF THE INCOME TAX ACT, 1961 asking for payment of same amount as mentioned in the intimation u/s 200A.
please guide how do i proceed


Subhasish
This Query has 1 replies

This Query has 1 replies

20 December 2020 at 12:35

80D for Parents' Mediclaim

Respected Sir/ Madam,
My father is a senior citizen, retired nationalised bank employee. His yearly Mediclaim amount is automatically deducted from his pension account for group health insurance scheme for retired employees. The premium is completely born by retiree with no employer contribution from deducting from account.
Thus, the insurance policy in my father's name. Can I claim deduction under section 80D, as per paying premium for senior citizen parent Mediclaim? I contribute towards my father's / family expenses, thus, indirectly I am paying premium, though the policy / account statement is in my father's name due to reasons as mentioned above.
Kindly help.
Thanks in advance


suresh
This Query has 1 replies

This Query has 1 replies

19 December 2020 at 20:50

Income tax

I am a director in a PVT company during FY 2019-20 from Sept to March 2020
I was getting salary from my previous employment till August 2019.
My query is that for filing IT Returns for AY 2020-21 what ITR should I choose

During last year as a director of that company i have not received any fees( Last FY Loss )

Thanks and Regards
Suresh R


Vimal Kumar M
This Query has 2 replies

This Query has 2 replies

06 November 2020 at 17:31

Payment of TCS On Sale of Goods

Dear Sir,

Please guide us that for making TCS on sale of goods under which section we have pay because 6CP is allotted for different payment type


Sanjay Mane
This Query has 1 replies

This Query has 1 replies

04 November 2020 at 16:49

PROFESSION TAX IN MAHARASHTRA

HI, I AM WORKING AS LIC AGENT IN MAHARASHTRA,
EVERY YEAR LIC DEDUCTED RS.2500/-AS A PROFESSIONAL TAX FROM THE EARNED COMMISSION. (FOR THIS I AM NOT GETTING ANY PAID RECEIPT.)
HOW CAN I CLAIM THE SAME IN MY INCOME TAX RETURN?
PL. REPLY.


123456
This Query has 5 replies

This Query has 5 replies

03 November 2020 at 21:58

TDS on sale of property

sir,

please answer the following questions:-

1) if a US citizen who has a property in India and wants to sell by giving GPA to his cousin, what percentage of TDS , will be deducted by buyer on sale value.

2) if he personally visits India in order to sell his property. what percentage of TDS will be deducted by the buyer at the time of sale . (he has Aadhaar and pan card too)

Thanks in advance.


prasad dasgaonkar
This Query has 1 replies

This Query has 1 replies

If PF amount is more than 50000 and need to withdraw before completing 5 years with employer, than how much TDS (%) will deduct on withdraw amount.


S Mahesh
This Query has 5 replies

This Query has 5 replies

21 October 2020 at 12:27

Gratuity

I understand that gratuity is 4.81% of the basic pay.
But some firms include it in the ctc, while many do not.

Suppose it is included in the ctc, and say company is witholding 3000 Rs. /month from my take home, then if I leave after 5 years, I will get the entire accumulated money, I understand that

But Suppose gratuity is included in the ctc, and say company is witholding 3000 Rs. /month from my take home, then if I leave after 3 years i.e before 5 years, in this circumstance, can I be eligible to claim the entire accumulated Gratuity which has accumulated for 3 years as ex-gratia.