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drishti shah
11 March 2021 at 16:29

Taxability of HUF under 80 C

Please explain me if an individual is member of HUF can he claim total deduction of 300000 under 80 C ... 1.5 lakh as member of HUF and 1.5 L as an individual . Please explain in detail


dheeraj Jain

what is the HSN code and applicable GST for terry towels manufactured in Sholapur ?


NARASIMHAN V S
11 March 2021 at 15:43

QRMP

WE HAVE OPTED QRMP SCHEME FROM 1ST JAN 2021. IN THE MONTH OF JAN 21 OUR SALES IS BELOW 50 LAKHS AND WE HAVE FURNISHED IFF AS CUSTOMER NEED. IN THE MONTH OF FEB OUR TURNOVER IS 68 LAKHS. WE COULD NOT FILE IFF AS THE LIMIT OF IFF TURNOVER IS 50 LAKS. OUR MARCH 21 TURNOVER ALSO ABOVE 50 LAKHS (SAY AS SAME AS FEB 21 - 68 LAKHS).
1. I HAVE TO FURNISH IFF OF FEB 21 THEN ONLY I MAY RECEIVED MY DUES. IF I FILE IFF, PARTIALLY I.E. 50 LAKHS HOW TO ADJUST THE BALANCE 18 LAKHS OF TURNOVER.
2. WHETHER I CAN INCLUDE THE FEB 21 TURNOVER, WHICH MISSED OUT CAN BE CLUBED IN MAR 21. THEN WHAT ABOUT THE BALCNE TURN OVER OF MAR 21
(FEB BAL 18, MARCH 68, TOTAL 88 IFF 50 BAL 28)
3. AT THE TIME OF GSTR1 OF THIS QUARTER (MAR 21) MAY INCLUDE TOTAL TURNOVER OF (JAN 50, FEB 68 MAR 68) THEN HOW I TO WORK


Payal Sarda
11 March 2021 at 15:41

Wrong certified copies recieved

The issuse is I have applied for certified copies of paper idt , but I recieved paper scmpe,dt,elective paper certified copies not paper idt.. I have been contacting helpline exams icai and send mails since 3 weeks but I’m not getting any response to that


Manasa Alleni
11 March 2021 at 14:03

GST on out of Pocket Expenses

Can GST be charged on Reimbursement of statutory paid to MCA on behalf of the client?


Prakash jain
11 March 2021 at 13:58

AUTHORISED

HOW TO CONFIRM AUTHORISED DEALER BY SEING BILL ?


Guest
11 March 2021 at 13:36

Variable pay

I will receive variable pay in April 2021 for the services of March 2021. In which financial year Form-16 it will be reported and taxed?


sankar ponnan
11 March 2021 at 13:15

FREIGHT AND GST

SIR- I am a steel trader ( GST @18%). I add the freight in rate but not separately when I sell the goods to my party directly from my supplier which means I collect the freight indirectly.
My doubts are,

(1) If I pay the freight on behalf of my party, whether it is treated as inward or outward to me?

(2) Am i liable to pay the GST on freight charged?

(3) Rate of GST on freight ?

Plz guide me
thanks in adv


Dhaneshwar Kapadia
11 March 2021 at 13:12

A company within a Company

hello there,

please guide me through this query...

We run a Private Limited Company (Partnership) and as the business is growing we want to expand the business but there is a space constraint in our exiting unit so there is no option but to budge to a new location.

Now there are two options :-

1) To Form a company on new land with New name

pros - All new companies formed after oct 2019 come under new tax Slab ie 15% (currently we are 25%) also we can go through Subsidy

cons - but we have to bring up capital from our own pockets

2) To Form a company on new land by starting the new unit under exiting pvt company

Pros - The exiting plant can sponsor the new unit thus it will show up in expenses of balance sheet hence save tax

Cons - We cannot apply for any subsidy also we would still remain under 25% slab

i want solution wherein we can undergo subsidy come below 15% slab also the funds can be sponsored by the exiting unit

thanking in advance !!


PANDIAN BRIGHT
11 March 2021 at 12:02

COULD NOT REGISTER

I COULDN'T REGISTER A NEW USER IN INCOME TAX PORTAL FOR THE PAST 5 DAYS. OTP WILL NOT COME TO BOTH MOBILE AND MAIL ID. MAY I KNOW WHEN IT WILL CLEAR?







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