My t/o gross receipt less than5 crs, conditions of cash receipt 5% & cashexp 5% satisfied. Whether TDS provisions are applicable if t/o /gross recpt are more than 1 cr in previous f.y.? Fy in question is 19-20.

I have rented propery in noida,business in noida, i am residing in delhi.property is personal name.should i charge igst/or cgst& sgst? Rate?

Husband and wife are purchaser of property named in agreement from builder.Consideration pd by husband. TDS tobe deducted by both separately or by husband only? and file 26Q by husbsnd only?

I AM CONFUSING WHETHER LATE FEES APPLICABLE FOR TDS STATEMENTS RELATING PRIOR TO 01.04.2012.
BECAUSE SEC 234 INSERT AND W E F ON 01.07.2012 AND IT WILL LEVY FROM 01.06.2015.

I WANT TO FILE SOME OLD TDS STATEMENT NOW..

TDS wrongly deducted on withdrawal of epf amount on retirement as per policy of the co on attaining 60 years after service of 3 years 2016 to 2019(before 5 years).How to claim refund? Whether withdrawal is income? Yes 'head of income?

Dear CAClub

Facts:

1. My property located at Hyderabad has been acquired by GHMC (greater hyderabad munical corporation ) for road widening and demolished.

2. Compensation has already been paid.

Question:

1. is the compensation paid by government in the above taxable ?

2. Which specific provision of income tax act deal with this subject matter ?

2. Do I have to declare it my tax returns ?

Dear Sir
Is FLAT SOLD after Completion Certificate shown in GSTR3B? IN WHICH COLOUM?

I shown it In Exempted Sale Coloum.
Is it non exempted Sale?

Plz Reply

Hi

there is a wrong debit balance in name of bank loan account, and no such bank loan exists in book of account, so how can be removed such error in our current year books.

Dear CACLUB Community

FACTS:

1. My father's ( 77 years old ) Income tax return for AY 2017/18 got delayed due to health reasons. He is a Parkinsons patient for the last 10 years and was totally bed ridden and could not provide details to CA in time. Income tax returns were filed in Nov 2018.

2. In AY 2017/18 there was capital loss claimed. In the following year AY 2018/19 capital gain was claimed. But because the returns were filed late in AY 2017/18 the loss was not carried forward to AY 2018/19. As a result IT dept sent a demand notice for AY 2018/19.

3. We have filed a petition online requesting Income tax department to kindly condone the delay for AY 2017/18 after taking into consideration the genuine health grounds. We have submitted doctor certificates and also offered to submit medical records over the last few years.

Questions:

A. It is 6 months now and we have not received any response of the petition to condone the delay. In the meanwhile we have received another demand notice for AY 2018/19. What should we do now ?

B. What happens if the condone petition is refused ? What are my options in such a situation ?

My sincere thanks in advance.

Person doing business of rent a car
TDS has been deducted from payments by party u/s 194IB @ 10% instead of 2%
Now TDS returns cannot be revised by party.
However income needs to be shown under rent a car and not income from house property
whether after filing return of income income tax department will raise any query ?