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),

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.

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

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?

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.

Does cattle feed products (HSN 2306,2302) ,maize (HSN 1005), PULSES etc where tax rate is nil.
While filing GSTR 1 returns under table 8 the turnover amount should be filed in Nil Rated Supply Column or Exempted Supply Column .

what will tax treatment under GST
if fixed assets sold on profit and Loss.

Dear Sir,
I am working in a resort. As per the government notifications if the room tariff is ₹7500/- and above, we have to charge gst rate 18% on room tariff as well as on food bill of the restaurant, and we can take the input tax credit on purchases made for the resort. Our resort is 3 star property and our tariff rate goes above ₹7500/- in season only i. e. For 2 or three months. Rest of the year it is below ₹7500/- . My query is do we have to charge gst rate of 18% on food bill for the full year and take input tax credit or only for the months in which the room tariff rate is ₹7500 and above. And if the room tariff rate is below ₹7500/- we can go for 5% gst rate on food bill, where we can not claim input tax credit for the purchases made for the restaurant?.
Please advice.
Thanks & Regards,
Sidney Alvares
9922520980

Sir seek clarification and implementation of TCS on transcation as under :

We purchase raw material material from a party and Invoice back the same after adding our fixed conversion cost without actually receiving any payment ( except a very small amt receivable due to additional conversion fixed.cost). In this case where its like a barter system / job work ( but sales n purchases shown ) are we still liable TCS on the entire sales amount or only the conversion part for.which we actually receive the payment.. please advise..

If a housing society constructs flats after receiving payments from its members and registers the flats in their names after completion. Will it attract GST? If so, what would be the point of taxation? Periodic payments or registry date.