AJAY SHARMA
25 August 2021 at 17:22

P tax liability

If any Persons Salary Comes under P Tax Liability. And in any month he was Absent for whole month. Then Whether P tax to be payable or not for the Respective month in which he was absent?


loken yadav
25 August 2021 at 17:18

I am having

I am having 1 share of x company of RS. 5 per share on dated 01.01.2021 and company split the share on dated 01.03.2021 and issue 1 share for every 1 share held of rs. 2 per share. my query is regarding fraction of share which is balance amount Rs. 1. also can a company issue fraction of share and the same is tradable in market or not??


TARIQUE RIZVI
25 August 2021 at 15:08

Password to open 15-CA & 15-CB

Respected Sir,

Please let me know the password for opening 15-CA for the year ending March 18 ?


binu sukumaran
25 August 2021 at 15:06

Tds deducted from mutual fund

sir
one of my relative redeem mutual fund . He is NRI Status in record at the time of redeem.
He retried from muscut and now resident in India. Tds 20 % is deducted while redeem the mutual fund.
He has no furture income during this year.
Can get refund while filing ITR Retrun.
let's me know one more that ,what is rate of income tax on such income.Can he get standard deduction .
Please advise
Binu


CA Rapunzel
25 August 2021 at 14:38

RETURN FILING F.Y. 2020-21

ARE RETURNS BEING UPLOADED ?
I AM NOT RECEIVING OTP


CMA Chinmaya Sahoo
25 August 2021 at 14:23

D.TAX

XYZ is a legal entity, is registered under Societies Registration Act 1860 and under sec 12A
Of in-Come Tax Act1961.

The present concern is to identify to determine whether Sec 40A (3) regarding limitation for
Cash payment is applicable to M/S XYZ or not.

Sec 40A (3) links with the term “Expenditure” so cash payment limitation
Is applicable only for the cash payment transactions, booked under the head of any
Expenditure
Let us take a situation as under

1) M/S XYZ pays INR 15000 as ADVANCE to an employee (Mr. RAHUL)
For running the Canteen.


2) Out of the above-paid amount, Rahul pays INR 7000 to grocery supplier,5000 to
Vegetable vendor, and INR 3000 to milk supplier

Then Rahul submits the above payment voucher to Accounts Dept. for adjustment
And the settlement of his advance account

Here a question arises, whether the above payment in cash as per Sl No 01
Is permissible as per 40A (3)



Jashpreet kour

If an assessee have loss from future & options trading, then what will be the nature of that loss either it is Capital loss or business loss. If it is business loss and assessee have an income from Salary, Capital gains then which ITR an assessee should file ??
Kindly response at the earliest.


Madhan
25 August 2021 at 13:32

Interest on GST liability

We are in a situation that we have paid the GST liability on time but not filed the GST returns. Do I need to pay interest for non filing of returns? or is it ok to pay late fees?


sona1
25 August 2021 at 13:09

PMGKY scheme discussion

F.Y.2020-21 in EPF (PMGKY) scheme purpose Employer not deducted any PF to Mr. Shyam Ghuha from( April,20 to Aug,20)
how Mr. Shyam pass this entry in tally in his personal A/c & Can Mr, Shyam get 80C benefit in above PF (from(April,20 to Aug,20) ?


CA Rapunzel
25 August 2021 at 12:38

FILING OF FORM 10IE

WILL I HAVE TO FILE FORM 10IE.. EVEN EHRN I DONT WANT TO OPT FOR NEW SCHEME??
THIS FORM HAS TO BE FILED BY EACH AND EVERYONE EXCERCISING OR WITHDRAWING FROM NEW SCHEME ?