shevya
27 July 2020 at 12:18

Charge Modification

there is requirement to file CHG-1 if we modify Hypothecation deed that secured asset has changed? however no additional loan has taken and that charge was already created. kindly tell that whether it shall be consider as modification of charge and CHG-1(modification) is required to file?


MAHESHA R
27 July 2020 at 10:58

RCM applicable and Threshold Limit

Kindly advise RCM applicable services and threshold limits for Per Transaction in details.


Rakshitha

Dear sir

Suppose I bought a flat in Jan 2019
Flat cost 80 lakhs
Stamp and registration charges 5 lakhs
Gst paid 1.2 lakhs.
And I sell the same property on 1st Jan 2020.
What is my cost of acquisition?
Whether gst paid sould be included or not?


Himanshu Agarwal
27 July 2020 at 00:08

Return wrong data

Mr X(NRI) filed a ITR 1 showing other income 10 Lacks which is salary received outside India for FY 18-19.
But Didn't pay the tax on 10 l and now received a notice for tax payment.
Return can't be revised now a due dates is passed and under rectification we can't change income..
So what should be the treatment as there is no tax liability in the present case due to person is NRI and income is not taxable in India.


arvind r shah
26 July 2020 at 21:42

How to Register on traces

We have got TAN NO. Now to register on traces. Now how can i register on traces.Is it necessary for reg on traces atleast u should have made one tds tax payment?


Kollipara Sundaraiah

Assess new strated construction of commerical building in f.y.2019-2020
Some Construction expenses rs.5,00,000/- payment through on cash mode (10,000/- limit above per day)
Int paid bank loan rs.4,15,500/-
Question:
Assess construction expenses paid above 10,000 limit amount construction value including or excluded
Int paid to bank loan amount including construction value or business expenses .two expense transactions treatment in books under I.t. act.


Kollipara Sundaraiah
26 July 2020 at 18:45

Sec 44ad and 44ada applicable

Assess income from professional 40 lacs
Turnover of cement business 90 lacs

Assess I.t. return filed both sec 44ad and sec 44ada applicable.


Pradeep Kumar Bikundiya

Respected sir, I got arrear in FY 2017-18 (Rs 230000) for FY 2015-16 and 2016-17, claimed relief u/s 89 also. Now in 2019-20 I again got arreaer for 2015-16,2016-17 and 2017-18. During filling 10e taxable income of 2017-18 should be reduced by arrear amount (Rs 230000) or not . I increased the taxable income of 2015-16 and 2016-17 by adding arraer amount. What to do with taxable income of 2017-18. If I deduct arrear amount slab change occurs to lower percentage. It will give me more tax relief. Please Suggest..


Arun Iyer
26 July 2020 at 15:56

Group Company Loan

Request you to kindly inform where should be grouped in the financial statement - if loan received group company as - "Inter Group Company Deposit" {ICD).

either should group under borrowing from bank - working capital loan and above said
Or
either should group under financial liabilities.


pradnya
26 July 2020 at 15:29

Exemption U/s 54

I have sold my house property on 29 march 2019 for 75,00,000 /-
I have invested in under-construction property agreement date was 02nd March 2018. Agreement value was 120,00,000/- Possession not yet recd till date.
For filing return of AY 19-20 - Can I claim exemption u/s 54 even though the agreement date is older than 1 year as it is under construction property.






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