Hi

I have taken an education loan in May 2018 for my higher education. I have started the repayment of the loan in May 2020. During those two years, my interest generated was around INR 1,75,000.
By the end of Feb 2021, I have paid all accrued interest as well as interest generated from May 2020 to Feb 2021 (Which is around INR 75,000).
Now my question is under section 80E of the income tax act, can I avail a deduction of INR 2,50,000 (INR 1,75,000 + INR 75,000 ) ? or I can avail of tax deduction of interest generated during FY20-21 only i.e. INR 75,000 approx.

Our challan period for March 2018 is updated on 01.03.2021 by PT dept. Now can I file revised return for the same period without late fee? We already filed Nil PT Return for March 2018. So please anybody has idea what to do? Under which section Revised return can file?

Dear Sir/Madam,
In case of guest house accommodation charges, GST is applicable as follows:
(1) Rs.1001 to Rs.7500/- per day per unit >> 12% GST

(2) Rs.7501 and above per day per unit >> 18% GST

My question is this: Will the SAC (Service Accounting Code) remain the same in both the cases?

Thanks.

Sir, I have made the payment for form MGT-7 on 26.02.2021 and challan was not generated but my account was debited. In MCA, status of payment is shown as "not paid" after 48 hours of payment as well as amount is not refunded to me. Then what should we do?

I have no sale purchase for the month of january 2021 . also i have opted for quaterly filling return . do i need to file any GST return for the month of January or need not to do anything because of no sales and purchase .

Respected All,
Received Invoice No. mismatched in books and GSTR 2A/2B, can we claim ITC of such invoice or not ?? Invoice related to F.Y. 2018-19.
Please guide.

I am applying for EPFO ESIC registration through Unified Shram Suvidha portal. I am trying to submit registration form since 2 weeks. The problem is draft form is not showing in my account. Rarely i could see that form. Please guide me or suggest me any other option to get PF and ESIC regitration.

Dear Sir,

Suppose if ITC related to the FY 2018-19 has been claimed in GSTR 3B of FY 2019-20 within the time period (September 2019). Now shall we declare the same in GSTR 9 for the FY 2019-20 under table 13 or Not? (TABLE 13 - ITC availed for the previous financial year).
because in the GSTR 9 preview of Table 10.11,12, & 13 mentioned as -"PARTICULARS OF THE TRANSACTIONS FOR THE FINANCIAL YEAR DECLARED IN RETURNS OF THE NEXT FINANCIAL YEAR TILL THE SPECIFIED PERIOD".
Here TRANSACTION FOR THE FINANCIAL YEAR - means 2018-19 or 2019-20? If it's FY 2019-20 we can't show ITC of 2018-19 claimed in 2019-20 in GSTR 9 right ? then ITC availed and Kindly clarify.

Thanking you,

sir i want to register a spv company . how can i draft a moa of thath company

Assesee is a salaried employee. Has filed return based on Form 16. But the return has been treated as defective due to mismatch between Form 26AS and ITR. It is observed that a new item of Income u/s 194 c is appearing in Form 26AS now for Rs 3 lakhs. Assessee is not into any kind of business and is sure that income does not belong to him, and doesnt know the deductor.

Now how to rectify the return.please suggest