P. SHARMA
08 November 2020 at 21:48

RETURN DUE DATE

Please inform me the extended due date of Return filing for the FY 2019-20 of INDIVIDUAL & TRUST & COMPANY.


D.SRINIVASULU REDDY
08 November 2020 at 16:49

Commission either Profession or business

My client received TDS U/s 194H of Rs. 66,34,511 from Vestige Marketing Private Limited This i have to Shown as a Business or Profession. If profession I Have to do tax Audit. If Business i will Declared 8% on Total Turnover. Please Clarify this sir


Kollipara Sundaraiah

A partnership firm unsecured loans
received from different creditors value Rs40 lacs out standing opening balance as per books . this amount (40 lacs)transferred from partnership firm to one of partner capital account .
Question:
Above mentioned transactions allowed in I.t .act.


Kollipara Sundaraiah
08 November 2020 at 14:54

Selling of pan masala

A gst registered composite scheme dealer selling of pan masala value rs:5 lacs.
Question:
Dealer tax payble rate 1% only or cess tax applicable in gst act.


Jaswinder singh
08 November 2020 at 14:31

Regarding health care services

Sir/madam,
A Person providing services like nursing staff, ventilators, surgical equipment etc. on commission basis fall under GST levy or exempt ?? because he charges commission from nurses and laboratories....if chargeable under GST, then under what SAC ??


praveen
08 November 2020 at 12:25

Form 8 LLP Extension

Dear all,

Is Form 8 LLP due date extended for F Y 2019-20...?


Kollipara Sundaraiah
08 November 2020 at 09:49

Gstr4 19-20

Composite scheme dealer Annual return filed gstr4 in f.y.19-20.
Dealer mistake 4a column inward supplies details not uploaded(purchases invoices) in gstr-4.
Question:
Dealer purchases invoices not uploaded future any problems.


Kollipara Sundaraiah
08 November 2020 at 09:45

Sec 269ss applicable

Assess sec 44ada I.t. return filer.cash loan to old debtor outstanding opening balance as per books Rs:3 lacs.
Dt:10-08-2019 cash loan received from old debtor Rs:1,90,000/- through on cash mode.
Question:
Assess above transactions sec 269ss applicable in I.t. act and penalty paid compulsory.


Rahul Singh
08 November 2020 at 05:19

Fraud TDS: Total Amount Paid Credited

Dear All,

One person was supposed to pay me Rs.6L and while paying he deducted some Rs.50k in the name of TDS. So while proceeding for Income TAX, as I checked on TRACES/TDS website he has falsely mentioned Rs.12L in Total Amount Paid Credited, which is wrong & double amount what he actually paid.

So what steps I can & should take against such person legally? This is absolutely fraud thing, because he must have shown wrongful cash transaction in my name. But to prove that I have written emails/agreement of that time.

Thanks


Bapi Dey
07 November 2020 at 18:43

PSU Retirement Leave Encashment

I am a retired person of PSU sector and having pension from employer , want to know that is there any provision of Income Tax regarding leave encashment at the time of retirement is fully exempted from taxable income...just like Govt employees. u/s 10(10AA) is allowing maximum Rs. 3 lac in considering the least alternatives for other than Govt employees.
Kindly clarify it as soon as possible..
Ayan Kumar Dey
Kolkata