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DEVENDER THAKUR

Respected Experts ! I wish to know whether subsidy available on Purchase of new software if we registered under MSME or not ???


PALASH

Finance Minister of India has announced a special package of Rs 20 lakh crores for Better Economy of Our Country. Later on she has clarified that approx Rs 9000 crores must be given to Indian Tax payers as TDS Refund which is a part of Special Package of Rs 20 lakh crores. But the real fact is that TDS refund should not be part of Special Package.

Now my question to Nirmala Sitharaman ji,

When these byepass surgery ( Announcement of False Package of Rs 20 lakh crores ) was done by the Finance Deparment , did the highest officials of Prime Minister objects this ?
Can You answer Nirmala Sitharaman ji With a Yes or No ?

Regards.


Bharatkumar
31 May 2020 at 09:42

Income Tax liability.

Hello Sir,
What will be Income Tax liability when heritage agriculture land converted in to non agricultuure land and sale made of that non agriculture land.
And what will be cost of that heritage agriculture land.
Who is responsible to pay Income Tax if any and who is responsible to file Income Tax Return.


satish
31 May 2020 at 06:04

How can we get audited annual

how can we get audited balance sheet and profit & loss account of a company


SJ Vineet

I have received intimation u/s 143(1) due to a mistake in the TAN number of deductor in TDS - the amount in 26AS matches but the TAN number was wrongly mentioned in my ITR2 return.

In the rectification, Should i upload a revised XML with all the schedules or only the TDS schedule


smit shah
31 May 2020 at 02:23

Tax on foreign transaction

Sir i am Smit , my friend from USA wants to do FDI in india so which sector is good for investment in India? he wants to transfer 10MUS$ in my account but due to RBI monetary restriction his HSBC bank in USA have refuse to transfer his 10mUS$ in my account in S.B.I, so he created to my online account in his HSBC BANK USA , he transfer his 10MUS$ money from his HSBC bank regular account into My HSBC bank online account now his bank (HSBC) says that i will transfer this money from my online account at HSBC bank into my regular saving account in SBi through online way. So sir is this transaction is legal in India, as per Income tax laws and banking laws ,if it is legal what percentages of TAX will be levy on this transaction by Income tax department.?
Note- Sir i am Indian citizen not NRI and my friend is USA citizen)


P. SHARMA
30 May 2020 at 22:56

TDS

One of the staff (Peon) of my company has a Salary Income below the Taxable Limit for the FY 2019-20.
Please inform me, it is mandatory or not, to include his salary income in the TDS Return (Form 24Q).


Sandeep Poddar

We buy Wires for a Company and the UOM mentioned in Invoice is in meters, which (UOM in Meters) is duly recognized by GSTN.

We raise invoices of same product, in which we use Nos. (Numbers) as UOM (Again Nos. is also duly recognized).

Reason of doing so in ease of operation, as laborers and understand Nos. easily then meters, which they have to calculate?

Example by Product:

We buy a 90 Meter Coil of Wire, The company from whom we purchase shows the UOM as 90 meters sold to us, however we bill it to our client as 90 Meters Coil- 1 Nos. (we dont bill in meters, we show Nos. (Numbers)).

All the taxes which should be paid to Govt. are genuine even when billed in Nos.!

In GSTR1 we show Numbers in the HSN Section for said product.

My Query, Is doing this wrong from any perspective of GST Law? Experts, Kindly Enlighten!


bhavani t
30 May 2020 at 18:11

Hra

respected sir/madam,

is there any other maximum limit of HRA exemption, other than maximum amount of HRA calculated under IT Act.


Govardhan Varma

Can I know what is the extended due date for the Income-tax TDS Return for the FY:2019-20 Q4 regarding the Lockdown.
Can anybody have the Notification of Extension of the due date.







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