Is there any change in the gst applicability limit for service professional ?

Namaste,

Request you to kindly inform minimum wages act applicability for contract labour piece rate and hour rate basis

Thanks

Dear Sir,

I WANT TO ASK A QUERY REGARDING TALLY- SALARY RELATED DURING LOCKDOWN
AS AN EXAMPLE ONE PERSON SALARY ENTRY OR ENTRY BEFORE LOCKDOWN

SALARY A/C -Dr. 65000
TO TDS ON SALARY 6761
TO AJAY SALARY PAYABLE 58239

MY QUERY IS DURING LOCKDOWN WE PROVIDE THEM SALARY Rs.35000 IN AJAY ACCOUNT BUT IN TDS RETURN WE DEDUCT Rs.6761/- FROM APRIL TILL JUNE 2020.
WE DEDUCT HIS SALARY ON THE BASIS OF LEAVES .
HOW TO MAKE ENTRY REGARDING THIS PLEASE SUGGEST UNDER WHICH LEDGER (UNDER LEDGER HEAD) WE WILL SHOW DEDUCTABLE AMOUNT.
SO THAT ACCOUNTS LOOK PERFECT.

Dear sir,
i have one doubt regarding sec 115BAA of income tax act 1961.
If we select this new scheme whether sec 80G (donations) deduction is available or not for f.y 2019-20 and f.y 2020-21.
In this provision chapter VIA deductions chapter-C headings list is not allowed as deduction except 80jjaa.

Please clarify my doubt as soon as possible.

Thanks in advance,
Regards,
Bheema Reddy.

Whether Subcontractor providing services to the main contractor (Who is in contract with Govt entities and charges 12% GST to Govt.) is exempt from GST???

Hello Sir. What is the minimum time period for long term capital gain in case of equity related and debt related mutual funds...Thanks

Hello All
I filled the return for the asstt yr 19-20. I have sold the property in that year and the TDS on it was deducted for Rs.60000/. The property was purchased by joint holders and deducted 30000/- and 30000/- respectively. I had claimed the TDS amount in my return for rs.60000/ as it is showing in 26AS, but after processing the income tax dept is giving credit of TDS 30000/- only. I don't understand the reason why it is happening. I have made rectifications and revised the return 2 times but the demand stands as it is.
Pl guide how can I proceed.
Regards

Respected,
A person sold his residential house. He got Long term capital gain of Rs. 50 Lakhs. For purpose of exemption, he did not invest in residential house property but he purchased an agriculture land of Rs. 35 Lakhs. Will he get any exemption u/s 54 and if yes, then up to what extent?
Please guide.

Until last year, I had income from salaries and interest on FDs. The income approx Rs 3.5 lakhs which was less than the taxable limit. I used to file ITR2. But from April this year, I don't have any salaried income. I have taked OD facility on my FDs and started trading in the stock market. I may have an estimated turnover of approx Rs.6o lakhs and may be approximately 600 transactions. Can I continue to file the IT return in ITR 2. Will I be considered as an investor? Do I have to maintain a minimum rate of profit in my transactions. I wish to seek clarifications on this matter.

Hello sir. My mother expired in 2018. Her residential property Acquired in 1976 has been transferred in my name in 2020 being the legal heir. If i sell this property in this year itself ie in 2020 then my que 1. What market value shall be considered to calculate capital gain. Can we consider FMV as of 1-4-2001 to apply CII ? 2. Will the gain be treated as long term gain even if the property was transferred in my name in 2020. Looking forward to your response. Thanks