aN ASSESSEE WHO MET WITH AN ACCIDENT AND RECEIVED 1800000 AS COMPENSATION WHICH INCLUDES 350000 AS INTEREST . HE IS IN COMA STAGE. I WANT TO KNOW TAXABILITY FOR ASST YEAR 2019-20 WITH REGARDS TO INTEREST ON COMPENSATION & COMPENSATION RECEIPT. ALSO FOR INTEREST 50% DEDUCTION IS AVAILABLE U/S 57

Respected Sir,

I have to file 3-B for Aug 20. Whether 2-A for the Aug 20 first of all
should be referred for reconciliation. If some ITC is available in 2-A
and the same is not in our books, should I book the same ITC in my
books and should I take into 3-B for Aug 2020.

Please guide me and oblige.


yours tarique rizvi

982 1630 130

Dear members,
If a person receives salary of RS. 25000/- per month in cash from an assessee who is not covered under sec 44AB audit. Will Section 40A(3) get attracted???will the assessee or employee be penalised under any other sections of the Income Tax Act???

whether TDS on professional charges is applicable @ 1.5%.
Please Reply in brief.

My father expired in 2018. He was holding some deposits which have still not matured. TDS is being deducted from interest of these deposits which is seen in 26AS of my father. If possible, I want to continue the deposits till maturity (2023), as the interest rate is high. My querries are -
1) As I am legal heir, can I include this interest in my income and pay tax on it ?
2) Do I have to file my father's return ? If yes, can I get refund of TDS ?
3) Can I continue the deposits till marurity (2023) and show the interest as my income ? Can I file my father's returns upto 2023 ?
Thanks

A gst registered regular scheme workcontract service provide to different govt works.dealer works amounts received through on bank account credits and purchases of iron and cement from registered dealers.
Question:
1.purchases of iron and cement input credit claimed eligible.
2.works amount received through on bank mode receipts shown in gst monthly returns and treatment in gst act.

Received communication of proposed adjustment u/s 143(1)(a):- Error Description: In Schedule Part BTI, assessee is carrying forward current year loss but the original return u/s 139(1) is filed after due date OR Brought forward losses not adjusted against the current years income.

Please suggest how to rectify the incorrect claim in revised ITR-6.

Interest under section 234A is reflected in ITR/Memo in Winman incase tax exceeds Rs. 1,00,000 even though last date has been extended to Nov 30th.
Can anything be done about this

If a person doing business online and send good through various supplier directly to consumer.
Ex Mr A of UP sells good to Mr B of Punjab and goods are dispatched from supplier to customer directly from Punjab seller.
We need to charge IGST OR CGST
Further can we do so that registration is in UP and we are shipping goods from various state

one of my client has GST Registration in his home state, now he will plan to purchase some goods from other state and bring into another state (availability of Port) for export to outside India. My question is, is he obtain GST registration from any other state, especially Port situated State ???
please guide me.