A individual i.t.status Assess purchases of self occupied residential flat on home loan treatment in accounting books.
Whether shown in fixed assest or investment in books.

whether tax audit is applicable or not --->

44ad limit of 8% / 6% has to be compared with profit after remuenration and interest or before charging remuneration / interest?

i understand, it should be after remuneration / interest, that profit is to be compard with 8/6% of turnover.
another query===> if 44ad was applicable for asst.1920 but audit was made u/s. 44ab, i understand 5 years i have to get the books audted.

regards, ca kunjan, 9222 9222 92, mumbai

Which ITR form should be filed by an individual,for A.Y. 2020-21, if he/she is earning contract based income (employer is deducting TDS u/s 194C) and also receiving a fixed sum as salary from same employer(TDS is not deductible u/s192).

What would be the GST implications on the below case plz clarify
A Person is registered under GST as building Contractor. during this year his turnover under this business is NIl. How ever he received commission of Rs. 18 lacks from sale of plots of land etc., He has not registered under GST for commission business. Is this commission received covered under GST. does he need to pay GST on commission even though he is not registered this business under GST.

Dear Experts,

I have taken plot loan for purchase of residential plot. I paid Rs. 1.95 Lacs for interest component and Rs. 0.85 Lacs for Principal repayment during FY 2019-20.
I will start the construction on the plot in FY 2020-21
Can i take deduction against the plot loan in FY 2019-20:
a. Principal repaid u/s 80C.
b. Interest on plot loan u/s 24(b) - taking limit of Rs. 2,00,000.

Hello,

I have filed RUN application. MCA has send names for resubmission. Reason mentioned was - "Proposed name is recommended for approval subject to liability under section 447/448 & 16 of the Companies Act 2013."

Can someone help with this ? What exactly is to be done ?

Thank you

What are benefit of surrender of PAN after death of individual PAN holder ?
If not surrendered, any obligations ?
One should not get in touch with department suo moto because they will do scrutiny if we surrender PAN and what department can do, no one knows !!!!

What if the person is died before filling PY return shall legal hire file return of two year? And when it should be filed?
Eg: extended due date of filing itr is 30th Nov 2020 if person died on 25th September 2020 he had not filed itr of FY 2019-20. Itr for FY 2019-20 and FY 2020-21 required to be filed by representative ? and when it shall be filed?

Respected Sir
I am accountant in Bicks manufacturers With effect from TCS from 01.10.20 how to apply on the Invoice, for example 53000/- ADD GST @ 5% 2650/- Total 55650/- please advise me how to calculate TCS on invoice with example sir.
Thanking
Yours faithfully
S Joshi

in 26AS in SFT my credit card payment showing 50 lakhs. transections are online purchase and selling. is it require to submit SFT form ?