One of I.t. return non filing female person cash gift received from father Rs: 6 lacs through on bank mode in f.y 2019-2020
Assess some intraday share transactions income Rs:2,30,000/- in f.y.2019-2020
Question:
Assess I.t return filed manadatory in f.y.2019-2020.

1) ONE FROM COUSIN BROTHER (UNCLE'S SON) RS.5 LAC

2) ONE FROM FATHER'S LAW (ELDER BROTHER) RS. 5 LAC

QUESTION : WHETHER GIFT RECEIVED WILL BE CONSIDER AS RECEIVED FROM "RELATIVE OF GIFT"

I am a trader under proprietorship. I buy the steel product and sell them to my party. The distance covers only 15 km and the value of product exceeds Rs.50,000/-.

Q.No. 1: Should I issue the e-way bill ?
Q.No.2: Can I direct my seller to put the delivery address in invoice and deliver the same to my party with his e-way bill?
If it is possible, Later, I also issue sale bill to the buyer.
Again, should I issue my e-way bill to the party?

suggest me
thanks in adv

If a invoice value of bill is Rs.650000/- and the distance between Supplier and Receiver are less than 2 Km. ( Intra State transaction) In this case E way bill is Required to be generate or not because bill value exceeds Rs. 50000/-. Please clarify me with proper notifications and guidelines.

Thanks

Please anybody share internal audit format with key areas and legal factors to be verified in Jewellery sector

A company has two GST number ( Registered) in two different sate. In One state( Say Andhra Pradesh) only Rental income and in other sate products were sold( Say in Delhi) . Now No business in Delhi , Now i Want to claim leftover GST (Mat be SGST and CSGT ITC or IGST ITC) in delhi for GST payable in AP.

Can i use that , If yes how to use, and how to file in GST return?

As per last F.Y rule any prerequisite over and above the limit of 1.5 lakh is taxable. My employer paid excess superannuation fund based on provisional rate of contribution (% of Basic + DA). The fund crossed the limit of 1.5 lakh and tax has been deducted as per tax slab. Later in this F.Y when the rate of contribution to superannuation fund is finalized, the percentage has been decreased and excess amount paid as part of perquisite in last F.Y is being recovered in this F.Y.
Now the problem is that if I calculate superannuation fund for last F.Y based on final rate of contribution, my total perquisite has not crossed 1.5 lakh ans I would not have been taxed. But as employer has already paid excess in last F.Y so deducted tax and submitted the IT department. Now recovery is being done in this financial year but tax paid in last F.Y on behalf of that recovery is no where considered and employer is giving explanation that tax id deducted in the year salary is paid. As perquisite paid in last F.Y so tax deducted and recovery is done in this F.Y so that recovery will become part of this F.Y perquisite and taxed accordingly.
As a tax payer it appears to me that as amount paid in last F.Y is recovered back in this F.Y, so I have paid tax last year on a amount which I actually never received. Can anyone of you help in understanding how I can get arrears of TDS deducted or that TDS deducted adjusted in this F.Y

A Person is running a business which is eligible u/S 44AD but due to agriculture income he is unable to file ITR 4 and he is filling ITR3
1. Whether assessee is declaring income only under section 44AE/44B/44BB/44AD/44ADA/44BBA/44BBB in this option which is option to be selected yes or no

Good Afternoon,
TDS is to be deducted @1% on sale consideration i.e. agreement value of Purchase of House Property from resident seller. My query is that when this TDS to be paid. I have already paid stamp duty and registration amount on 28th Feb 2020 and part payment is already made to the owner i.e. Rs. 1000000 in two tranches in March 2020. My loan of Rs. 5500000 is yet to be disbursed.
My query is that when TDS of Rs. 65000 needs to be paid i.e. will it be paid when Final sale deed will be executed or when loan amount disbursed or can i make TDS now before loan disbursement right now.
Please give your valuable suggestions. Also let me know the process of paying TDS and filing of 26QB and generation of form 16B.

Thanks & regards

We have a partnership firm in Hyderabad and have obtained GST number.
We want to start a new division related to coconuts and Pooja items.
Do we have to obtain a new GST number for this?
We need urgent clarification please.