arvind r shah
26 July 2020 at 21:54

TDS FORM 16 A GENERATION.

If file tds statement through tin facilitation center than how can generate form 16A to given to deductee from trace portal.


arvind r shah
26 July 2020 at 21:42

How to Register on traces

We have got TAN NO. Now to register on traces. Now how can i register on traces.Is it necessary for reg on traces atleast u should have made one tds tax payment?


Kollipara Sundaraiah

Assess new strated construction of commerical building in f.y.2019-2020
Some Construction expenses rs.5,00,000/- payment through on cash mode (10,000/- limit above per day)
Int paid bank loan rs.4,15,500/-
Question:
Assess construction expenses paid above 10,000 limit amount construction value including or excluded
Int paid to bank loan amount including construction value or business expenses .two expense transactions treatment in books under I.t. act.


Kollipara Sundaraiah
26 July 2020 at 18:45

Sec 44ad and 44ada applicable

Assess income from professional 40 lacs
Turnover of cement business 90 lacs

Assess I.t. return filed both sec 44ad and sec 44ada applicable.


Pradeep Kumar Bikundiya

Respected sir, I got arrear in FY 2017-18 (Rs 230000) for FY 2015-16 and 2016-17, claimed relief u/s 89 also. Now in 2019-20 I again got arreaer for 2015-16,2016-17 and 2017-18. During filling 10e taxable income of 2017-18 should be reduced by arrear amount (Rs 230000) or not . I increased the taxable income of 2015-16 and 2016-17 by adding arraer amount. What to do with taxable income of 2017-18. If I deduct arrear amount slab change occurs to lower percentage. It will give me more tax relief. Please Suggest..


Arun Iyer
26 July 2020 at 15:56

Group Company Loan

Request you to kindly inform where should be grouped in the financial statement - if loan received group company as - "Inter Group Company Deposit" {ICD).

either should group under borrowing from bank - working capital loan and above said
Or
either should group under financial liabilities.


pradnya
26 July 2020 at 15:29

Exemption U/s 54

I have sold my house property on 29 march 2019 for 75,00,000 /-
I have invested in under-construction property agreement date was 02nd March 2018. Agreement value was 120,00,000/- Possession not yet recd till date.
For filing return of AY 19-20 - Can I claim exemption u/s 54 even though the agreement date is older than 1 year as it is under construction property.


Kollipara Sundaraiah
26 July 2020 at 15:11

Fd for joint account

Assess fixed deposit rs.15 lacs in bank.1st name Assess and 2nd name wife joint account.
Question:
Fd investment and Interest received treated in I.t. act.


Nikhil Sharma
26 July 2020 at 13:21

Tds deduction on interest inclusive

Dear Experts,
We have loan from NBFC,

since NBFC has debited processing Fee & other charges, pls clarify are we required to deduct tds on processing fee & other charges inclusive interest,

Thanks
Nikhil


Ajit Gelada

I mr A having turnover of 1.9CR filling return under section 44AD is audit applicable to me ?
But my reciepts from sale are totally in cash what shall be the applicability for audit under sec 44AB ????