I have purchased a land for 85 lakhs during FY 2019-20, paying tax @ 1%.I have deemed business income as per 44AD and interest from banks. I want to know which ITR form I am supposed to file my returns for AY 2020-21

Hello,

I need help for the following query.

A share of a property based in India is being paid to 2 American citizens.

The total is approximately 9 Lacs per person.

What is the tax liability on them and how should i deduct the TDS and pay the government when they dont have a pan card.

Would appreciate a response.

Thanks.
TG

Dear Members

In case of a Private Limited Company, while filing GST Returns pertaining to Financial year 2019 – 2020 – some of the invoices raised on registered entities were missed.
Is there any remedy for this mistake? kindly advise me.

R S Sai Kumar

I.t.return(non audited) filed person sales of vacant site value Rs:3,50,000/- Dt:20-03-2020 in f.y.2019-2020.
Question:
1.Assess sales of vacant site rs:3,50,000/- shown in I.t. return compulsory and capital gains applicable or not applicable
2. Assess mistake purchases of vacant site rs:1,70,000/- in f.y 2012-2013 not shown in balance sheet( not entered in books).

One of I.t. return non filing female person cash gift received from father Rs: 6 lacs through on bank mode in f.y 2019-2020
Assess some intraday share transactions income Rs:2,30,000/- in f.y.2019-2020
Question:
Assess I.t return filed manadatory in f.y.2019-2020.

1) ONE FROM COUSIN BROTHER (UNCLE'S SON) RS.5 LAC

2) ONE FROM FATHER'S LAW (ELDER BROTHER) RS. 5 LAC

QUESTION : WHETHER GIFT RECEIVED WILL BE CONSIDER AS RECEIVED FROM "RELATIVE OF GIFT"

I am a trader under proprietorship. I buy the steel product and sell them to my party. The distance covers only 15 km and the value of product exceeds Rs.50,000/-.

Q.No. 1: Should I issue the e-way bill ?
Q.No.2: Can I direct my seller to put the delivery address in invoice and deliver the same to my party with his e-way bill?
If it is possible, Later, I also issue sale bill to the buyer.
Again, should I issue my e-way bill to the party?

suggest me
thanks in adv

Please anybody share internal audit format with key areas and legal factors to be verified in Jewellery sector

A company has two GST number ( Registered) in two different sate. In One state( Say Andhra Pradesh) only Rental income and in other sate products were sold( Say in Delhi) . Now No business in Delhi , Now i Want to claim leftover GST (Mat be SGST and CSGT ITC or IGST ITC) in delhi for GST payable in AP.

Can i use that , If yes how to use, and how to file in GST return?

As per last F.Y rule any prerequisite over and above the limit of 1.5 lakh is taxable. My employer paid excess superannuation fund based on provisional rate of contribution (% of Basic + DA). The fund crossed the limit of 1.5 lakh and tax has been deducted as per tax slab. Later in this F.Y when the rate of contribution to superannuation fund is finalized, the percentage has been decreased and excess amount paid as part of perquisite in last F.Y is being recovered in this F.Y.
Now the problem is that if I calculate superannuation fund for last F.Y based on final rate of contribution, my total perquisite has not crossed 1.5 lakh ans I would not have been taxed. But as employer has already paid excess in last F.Y so deducted tax and submitted the IT department. Now recovery is being done in this financial year but tax paid in last F.Y on behalf of that recovery is no where considered and employer is giving explanation that tax id deducted in the year salary is paid. As perquisite paid in last F.Y so tax deducted and recovery is done in this F.Y so that recovery will become part of this F.Y perquisite and taxed accordingly.
As a tax payer it appears to me that as amount paid in last F.Y is recovered back in this F.Y, so I have paid tax last year on a amount which I actually never received. Can anyone of you help in understanding how I can get arrears of TDS deducted or that TDS deducted adjusted in this F.Y