Hi,

While we appreciate the Finance Ministry's move to extend the date for making various investment/payment for claiming deduction under Chapter-VIA-B of IT Act to 30 June 2020, however, would like to understand in which period will a tax payer be able to claim the deduction for annual recurring payments of such investment made this year post March 2020 (but before 30 June 2020).

E.g. A person purchases a life insurance on 25 May 2020, whose premiums shall be due on 25 May of every year. Such tax payer will be able to claim deduction for the insurance premium payment in FY 2019-20. However, how will he/ she be able to claim the deduction for FY 2020-21, since premium will be due and be paid on 25 May 2021 (FY 2021-22)?

If shares split into two each in FY 2019-20 what will be the FMR for calculating LTCG as there was only one share on 31/01/2018.

ex. If HDFC shares split in FY 2019-20
I have 100 shares which were purchased in 2017. What will be the FMR od Shrars if i sell 50 of them in FY 2020-21?

thank you

I.t. assess interest payment and received on un secured loans and cash debtors for minimum rate of interest in I.t. act.

Dear sir,
In proprietorship, In which account should be recorded in the profit on sale of building. Under capital account or it will treat as indirect income.

Dear sir

My net sale is Rs 55.00 lac
Net profit Rs 5.40 Lac after taking the credit notes issued by suppliers under various sale promotional scheme and cash discount of Rs 3.85 Lac in profit and loss account.

Can i am eligible to file ITR U/s 44AD

Thanks

Son in law is receiving gift from his in laws after marriage.
Whether son-in-law is considered as an relative in Income Tax Act?
Is such gift taxable in hands of son in law?

i made sale of rs. 42000 in march 2019 month but not shown in gstr 3b but show correctly in gstr-1
and above 42000 sale shown in April 2019 month.
now my gstr -09 mismatch with 42000
how to rectify above problem
wht to do in gstr9

please help

Importer has paid igst on import of goods through courier mode and received bill of entry for import of goods. Query is that Can we take ITC of IGST paid on import?

Please provide me format of Co-operative Society Audit Report.

Thanking you

Kindly suggest what is the last due date for filing of GSTR-3B for the month of March 2020 and also for payment of GST for the month of March 2020. Our turnover is above 5 Crore.