Sachin Kumar
05 October 2020 at 12:23

PAN Surrender

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 !!!!


Chaitra

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?


Srinivasa Joshi
05 October 2020 at 11:05

TCS 01.10.2020

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


Ravi Kishan
05 October 2020 at 09:32

Credit Card Payment

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


arjun enterprises
04 October 2020 at 19:42

Income and expenditure instead of p&l

Sir, my client was doing gold business as well as gold smith works without gst can i prepare income and expenditure a/c to him


jay
04 October 2020 at 17:29

80 ccd(1B)

Principal for home loan -90000
PPF-10000
LIC-50000
Employee deduction for NPS-60000

How much deduction can be claimed under 80c and 80CCCd(1B),


Sonia Gupta
04 October 2020 at 17:28

Sale through ECO

Is it mandatory to pay tax and file GSRR1 & 3B if we sell products online through ECO who is required to deduct TCS ?? As one executive of Amazon customer support team has told that they have already paid GST on behalf of seller and seller need not pay any tax.

If anyone knows, pls help . I appreciate the information and advice you will share. I wanted to thank you as soon as possible.


Puneeth K
04 October 2020 at 16:03

ITR Forms to be Selected for AY 2020-21

Hi,
I have a query regarding which ITR form to be choosen for filing IT returns for the AY 2020-21. For the AY 2019-20, i have declared my income under ITR 3 and i have filled a balance sheet and profit and loss account, but the books of accounts are not maintained. So AY 2020-21 can i file my returns under ITR 4 presumptive basis by declaring 50% of my turnover. However my last year ITR has been processed, now if i file the return under ITR 4 is there any chances of getting notices from the Assessing officer. Please help me in solving this issues.
Iam a practising doctor and i have my own clinic



deepak
04 October 2020 at 15:40

Receipt of PF withdrawal TAXABLE OR NOT

At the time of PF withdrawal of our client. EPF department deducted tax of rs. 80000 on 800000 Receipt and given Rs/- 720000 to our client. 1)query is that this 8 lac receipt taxable or not? 2)if taxable then which head of income become?


anita

Can we make reverse entry of fixed assets which was not recorded in our books but wrongly recorded in books when sold and make profit.
Suppose we bought a AC but not booked it in books but when we sold it we recorded its accumulated depreciation and fixed assets. Now there is a difference of actual assets and books recorded assets. How can treat it.