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Amar nath Dhawan
This Query has 1 replies

This Query has 1 replies

I am not able to get DM Circle rate of 2001-2002 of Jankipuram areas ALIGANJ Lucknow so I may able to caculate Capital gain on sale of land.


Vijay Kumar
This Query has 1 replies

This Query has 1 replies

12 October 2020 at 00:09

Residential property defination

as per my CA BDA/society allotted site residential property since they have civic aminites, where as revenue sites , land, plot are not included. He filed ITR under section 54 to save the LTCG from sale of BDA site invested in purchased of FLAT. I have followed all requiement of 54F still he filed under 54. I any notice rised by AO , can I convince him .


sankar ponnan
This Query has 1 replies

This Query has 1 replies

29 September 2020 at 11:29

AGM

SIR
We are private Ltd company and have completed first year of business. We have to conduct the AGM within 18 Months from the date of incorporation (i.e) before 30-09-2020. Unfortunately, We could not finalize the accounts due to covid-19. Can we conduct AGM after 30th Sep 2020?
Plz guide me sir
thanks in adv


sankar ponnan
This Query has 1 replies

This Query has 1 replies

28 September 2020 at 18:18

Trading Under Udyam registration

SIR
I am a proprietor and doing trading business. It is not covered under the nature of Manufacturing / Service Category.
Udyam Portal allows only the above sectors and not for trading sectors.
Can I get the Udyam registration for my business?
Guide me Plz
thanks in adv


sankar ponnan
This Query has 1 replies

This Query has 1 replies

28 September 2020 at 16:04

TDS Payment

SIR
If we pay tds for F.Y.2019-20, Can it be adjusted against the liability of the F.Y.2019-20 ?
In case if there is no chance, Can we pay it at the time of filing ITR?

guide me plz
thanks in adv


SHEKHAR SALUNKE
This Query has 1 replies

This Query has 1 replies

I am a salaried tax payer, obtained form 16 too.
1, I have claimed the PPF amount upon the death of my wife in the month of march 2020.
2. I was given a demand draft and the same is encashed in my account, amount being 9 lakhs 45 thousand.
3. Immediately I have initiated two fixed deposits of 1 lakh and 8 lakh, in my sons name (Son aged 20 years), at his SBI account. Son is a student and has no income. He earns interest on the FD of the said amount.
Questions;-
1. Will the amount be taxable for me? if yes what is the tax payable, if no under what section should I claim exemption.
2. Will my son eligible for the said amount of the initiated FD? if yes what shall be the tax amount?
3. Will he have to file the ITR and what number is it ITR1. under which section should tax exemption be claimed for my son for his lifetime first ITR1?

I am to prepare and file ITR1 on my own at the efiling site.
Please guide me regarding my each query in detail.
Thank you,
Mr. Shekhar Salunke
email; shekharsalunke1@gmail.com


Kollipara Sundaraiah
This Query has 2 replies

This Query has 2 replies

04 September 2020 at 20:58

Partner ship firm tax

What is minimum tax will payble in partnership ITR a.y.20-21.


Kollipara Sundaraiah
This Query has 2 replies

This Query has 2 replies

29 August 2020 at 16:14

Joint loan from bank repayment

Assess joint loan amount rs:30 lacs from bank(15+15).One Assess bank loan repayment rs:30 lacs( own 15 lacs +15 lacs brother)
Question:
Assess joint loan repayment one person paid accounting treatment in books.


sankar ponnan
This Query has 1 replies

This Query has 1 replies

20 August 2020 at 12:18

Bank Account / ITR Return

SIR
Q.NO.1
I Know that the proprietor need not open separate bank account for his business in his trade name of business. How ever, I want to keep the business transactions in separate account on my trade name. Can I do it sir?
Q.No.2
I expect the turnover above 50 lac in this financial year. Which ITR return to be filed?
Q.No.3
Some of my customers give cash for his purchases maximum as they are mostly buying for his own use. Any restrictions are there?
guide me plz
thanks in adv


scg
This Query has 4 replies

This Query has 4 replies

15 August 2020 at 16:10

Cost price on family transfer

I transferred a society flat,acquired in 2009 in Gurugram Haryana for Rs 55 Lakh to my NRI son in 2015 under blood relation transfer scheme where in no stamp duty is chargeed on transfer of property among blood relations.I have following querries-
1 What will be buying price at the hands of my son?
2 Since my son is abroad and in corona times travelling is not safe,if I have power of attorney from him to sell the house,my understanding is one can not transfer ownership on POA sale in which case I will not get a buyer.Any solution to this problem.
3 As and when the flat is sold,is he entitled to invest under sec54 (infra bond) to save tax?
4 In the alternative,can he buy a flat from her mother to save CG tax
Thanks
S C Goswami