Can a NRI claim deductions for his Indian income under Chapter VI A by making investments in 80C / 80D schemes etc from funds in the NRI Account. Will there be an issue since NRI income is outside the purview of taxable income.

Respected Sir,

We have filed ITR-6 for the Ay 2020-21 ( Year ending March 20 ). One of our deductor has not as yet filed the TDS Return and has informed us that in the month of April 2021 the said TDS Return shall be filed. Now in such circumstances can we revise the said ITR-6 by typing manually the required TDS credit for the Ay 20-21 or whether the same can be claimed for the Ay 2021-22. Please guide me and oblige.

Tks with kindest regards

In one of the paragraphs in the textbook, it is said that when the variance in the terms of the contract is not substantial or material or is beneficial to the surety, then the surety is not discharged of the liability. However in the exercise questions, where there was a change in the rate of interest on a loan from 10% to 6%, without the consent of the surety, it said that the surety is discharged. Since this change in the contract was beneficial to the surety, shouldn’t he not be discharged from his liability?

1.What is the latest procedure for submitting the form N
2.Is DSC is required?
3.Challan payment to whom? How?
4.Is the submission of application online or scanned copies?

Dear Experts, we are filling GSTR-9, but we confused how to show below figures :-
1) We have issued a Invoice in which we have charged Freight 72000 & pay GST as per
pricinpal goods. And we have shown the same invoice with freight in GSTR-9 of March-20, but in GSTR 3B we have forgot to show Freight + GST. But in June-20 GSTR 3B, we have shown this figures.

How to show this figures in GSTR-9? Should we not show this figure in GSTR-9, if we have to, how & where we show this figures?

Humble request to all the experts, please guide me.

Rakesh Sharma

Dear sir/madam

We are Registered GTA having 8 Branch in eight state. our previous year 19-20 turnover is 145cr, Now in 20-21 turnover will 200cr.
My Question is, E-invoicing is applicable for us?
If Applicable the What is the GSTR1 and GSTr3B filling procedure?
The 2nd Question is what is the latest Change of GTA service?

I have received intimation regarding short deduction on tds in salary form 24q. My question is that what payment amount I should take for that part of the tds as it is calculated on slab wise. kindly help on this matter.

We 3 partners are running some service related jobs based on commission. (eg: Courier, share brocking franchisee, insurance portal). But all the above license are in my name only. So all the commissions are credited in my personal bank account only and the TDS so deducted are in my PAN. Firm was neither registered as partnership firm / Proprietor ship/ Pvt limited. We want the partnership firm to be registered and open a Current account. my query is
1. How to include the above said services in Partnership firm, if it is registered.
2. How will treat the Tax liability.
3. I want a salaried income from the partnership firm as I am looking for a home loan with in 6 months.

Profits are equally shared among the partners irrespective of the capital contributed.

Dear All our company is planning to float a Wholly owned subsidiary in USA. do we need to take special permissions from certain authorities. plz guide me what compliance holding company should take care and share your knowledge. if indeed there is a need who are such authorities?? may be from RBI?? plz guide as per companies Act 1956...

IF A PRODUCER COMPANY IS INCORPORATED ON 14TH OF DECEMBER WHAT SHOULD BE THE FINANCIAL YEAR FOR 1ST AGM & WHEN FORM AOC-4, ADT-1 & MGT-7 NEED TO BE FILE