Respected Experts
A firm has opted for Presumptive Taxation under section 44 AD in FY 2018-19 and has filed ITR -4. Now in FY 2019-20 It has no Receipts in Business. Only has Interest Income of Rs 1,50,000 on A non Business loan given for COVID help to a society.
1. Which ITR Form to be filed in this case. Can ITR 5 be Filed in this case

2. Is a Audit Report required in this case

Please Provide Guidance
Thanks in Advance.

For assesses opting for quarterly GSTR 1 return what is due date for payment of tax as voluntary payment for April 21 ?

Dear Experts,
I need clarification for deduction of TDS for payment to be made for development of mobile application as well as web application charges. The company has entered into a contract with web development company for application development and the payments will me made in installments depending on percentage of completion of the application development. My doubt is whether TDS to be deducted u/s 194C or 194J? In case if it is 194J whether 10% for Professional charges or 2% for Technical fees? Please clarify

a society hold a certificate under 10(23C)(vi), can it claim 10(23C) even if receipts cross 5 crores. please also clear 14th proviso under 10(23C)

I have received advance 200000/- on 30/04/2021 and material sale on 05/05/2021.

while filling gst return of april '21 we have to charge gst on advance of Rs.200000/- .

If yes than how much

If no please share the reason.

Dear Experts,

I require your expert views on this.

My client had filed an appeal saying that the AO had hurriedly passed the order without hearing his side. In response to the appeal, the Hon'ble CIT(A) asked the AO to submit a remand report, u/s 250(4), addressing all the points given by the assessee.

AO knew his case was weak and he has not touched it for more than 2 years; it has become time-barred on 31 Mar 2021.

My client is worried that he is still not safe since the CIT(A) can still reopen and decide on the case, which would mean more hassles for him.

What are the options available to the department to further pursue the case and what are the defense arguments available to my client?

Can I tell the client that he is safe and his case is as good as closed?

Kindly give your valuable suggestions. I will highly appreciate that !

Thanks and Regards

Anand

How to Payment Penalty Impose to Late filing of SFT After Due Date.

Dear Expert,
As we know GSTR 1 due dates has been extended till 26th May and GSTR 2B shall be available by 28th May.
But GST has to be paid by 20th May in such scenario how can we apply rule 36(4) ie of 105% of available ITC.
How to ascertain available ITC in absence of GSTR 2B on 20th May?

Sir,
I am interest for CMA course, I have completed education from beginning to Graduation stream in Hindi medium and I am doing job in manufacturing unit Pantnagar UK.
I want to do CMA course along with Job it's possible with job.
Pls advise me.

My friends are manufacturers and wholesalers. They have a masala business and they go to every shop and sell. Now they want to go to some other place may be some other district and sell their goods. May be 150Km away from their factory place. What document they need ? Because they are taking around 50 to 100 KG material in VAN. They can not have a E way bill because they do not know the customer yet. They go to every shop and sell their goods may be max 2K to 3K per shop.