If premum paid details are Not availabe can i credit maturity amount to capital account. Why capital gain? Total amount bifurcation will be available in lic maturity statement.Difference of maturity amount and sum assured will be bonus. All amt recd is not liable to capital gain tax. Is it ok

WRONGLY UBI KOLKATA DEDUCTED TAX 20% ON INTEREST AS NON PAN BASIS WHERE THERE IS VALID PAN. ON COMPLAIN, THEY CORRECTED PAN NUMBER THROUGH E-TDS RETURN. AT PER, DATE OF BOOKING IN 26AS WAS CHANGED AND ITO REFUSED TO REFUND DEDUCTED TAX AMIOUNT ON THAT VERY A.Y. LET ME KNOW WHERE TO APPLY TO GIVE NECESSARY CREDIT SO THAT I MAY GET REFUND.

I request all experts to advise based on facts below:
1) Nature of work: supply and installation of awning, wallpapers, wooden flooring, roller blinds, carpets, film etc.
2) Rate: combined rate of work for material as well as labour charges
3) Advance is received from customers
Queries:
1) Does it become a works contract for the purpose of GST?
2) If it is a works contract, is advance received from customer is liable to GST [if invoice is raised in subsequent month(s)]?
3) If it is a works contract, what would be rate of GST?
4) If it is not works contract, is advance received from customers is liable to GST
5) If it is not works contract, what would be rate of GST?
Looking forward for your valuable advise!

I had submitted Form 15H through on line to my Bank for the Financial year 2020-21 during April 2020.

As the earlier Form 15H submitted for the Financial Year 2019-20 has been made valid upto June 30th 2020, the bank expects to submit Form 15H for the FY 2020-21 again after 1st July 2020. In the absence of re-submission after 1st July,2020, the bank has effected TDS.

What is the correction position? Is the notification of Income Tax department extending the period of validity of Form 15H submitted for the FY 2019-20 upto June 2020, amounts to validity of Form 15H submitted during April 2020 for the FY 2020-21 valid only upto June 2020?

Thanks/Regards.

S Kalyanasundaram

RESPECTED SIR
GST REGISTRATION ALREADY CANCELLED OF COMPOSITION SCHEME. AFTER CANCELLATION LIABLE TO FILE ANY RETURN? I FILLED ALL MY QUARTERLY RETURN EXCEPT ANNUAL RETURN. AND I HAVE NO ANY TAX LIABILITY.

Hello Sir. I hv a property which is jointly held by my wife and my sister in law. We have finalised the deal to sell it. My question is : Suppose if total TDS amount which is expected to be deducted by the buyer is 1 lakh, then should we request the buyer to issue TDS CERTIFICATE of Rs. 50K to each of the individual name of two of us....or let the buyer issue one consolidated TDS Certificate of 1 lakh but then we each need to claim for TDS of 50K in our Tax returns. Please guide. Thanks.

Hi sir,

Query : GST cancellation process

I have Taken GST Registration on 07/09/2019 & till now I Have not Done any monthly Returns and Now i want Cancel my GST Registration.. But there is some around 20000/- Input Available in fy 2019-20 ...What to do sir ???? please Tell me the cancellation process & total Penalty ,Interest , late filing fee & is there any cancellation charges ...???
please do the needful sir


Thanks in Advance
Madhu M

WHAT IS TAXABILITY FOR LEAVE ENCASHMENT AT THE TIME OF RETIREMENT FOR BANK EMPLOYEE (NATIONALISED BANK)? RETIREMENT IN FY 19-20.

Are Expenses incurred on Purchase and Sale of equity shares like brokerage, STT allowed as deduction while calculating Capital Gains on equity shares?

SIR IN CASE OF PURCHASED FROM UN REGISTERED DEALER AND SOLD TO SMALL DEALER. THEN HOW TO MANTAIN ACCOUNTS. THER IS NO PURCHASE OR SALE BILL. BUT TURNOVER GOES ABOVE 40LAKHS.