we have to pay 30600/- for advertisement? is this amount liable to deduct TDS?

Hi,

As per Section 24, interest during the pre-construction period can be claimed as a deduction in five equal instalments starting from the year in which the property is acquired or construction is completed. I have 2 queries in relation to this:

1. A customer had taken the loan from a bank during pre constrcution period, however, the customer has now repaid the full amount of loan to the bank after pre construction period. Can the customer still claim deduction of interest for the 'Pre-construction' period?

2. A customer had taken the loan from a bank during pre constrcution period, however, the loan has now been transferred from bank to individual. Hence, the home loan still exists, but now its been taken from an individual. Can the customer still claim deduction of interest for the 'Pre-construction' period?

Thanks in advance!

Dear Members

We need registration for run a school, Please suggest which one is better in Trust or section 8 company.
1. except contribution from member remaining fund to be arranged through donations.
2. if 3 Members are relatives.

Thanks in Advance

Sir,
I would like to know the treatment of Accrued interest income in case of following TDR:

Date of Deposit: 01.01.2017
Date of Maturity: 01.01.2020
Accrued interest as on 31.03.2017:X
Accrued interest as on 31.03.2018:Y
Accrued interest as on 31.03.2019:Z

X is included in Y and Y is included in Z.

How accrued interest will be calculated for the FY2017-18, 2018-19,2019-20.

Please help me regarding this. Thanks.

if any fixed asset life expired under companies act than i write off the whole value of fixed asset in profit and loss account than what is the tratement of deffered tax and also income tax depreciaiton

Please advice , to whom TCS is applicable form 01/10/2020, only for composition dealer or to all.

Hi,

Doing a welding workshop business, need a GST registration for customer to participate in a Government tenders.

Is Welding workshop - GST registration can done in Composite Scheme?

Nature of business activity what should be mentioned while doing registration?

Thanks & Regards,

Mallika.P

Sir, In GSTR 3B of July,2019, I had shown Rs. 114700/-(total of 3 nos.figures) as ouput instead of input. The same mistake was also committed while filing GSTR 1 of July,2019. Purchases were shown from parties and by mistake instead of input, output was shown in tally/GSTR . And I have also already filed GSTR 3B and GSTR 1 upto March,2020. Please let me know, how can I rectify the said mistake ?

GST charged by a Restaurant is 5%
Purchases from Unregistered dealer is say Rs 10000/-

Now my query is :-

(1) What will be the RCM rate on Rs 10000 ?
(2) and is ITC available on this RCM .. ?

Dear Sir / Madam,

I am asking this query regarding worngly claim of ITC on IGST which was not related to any import or export & is happened between two states of India. i.e. our registered office is in Kolkata & we have received goods from Delhi for our business furtherance.

Now please help to revise the data in GSTR-3B if possible.