i want to know the tax treatment of loan from RPF maintained by employer

The Assessee had imported a machine in F.Y.2015-16 and taken the benefit of EPCG scheme, got exemption from Basic Customs duty and Cess under the scheme. But in F.Y.19-20 the conditions of export obligation were not fulfilled and the Assessee has to pay Customs duty of 1,12,00,000/- along with Interest of Rs.67,20,000/-.
My questions are,
1) Is that interest amount of Rs.67,20,000/- allowed as expenditure under Income Tax Act.
2) Can I Capitalise the Customs duty paid in the 4th year, if so as per which provisions of PPE as already Asset was put to use 4 years back.

Importer has paid igst on import of goods and received bill of entry for import of goods. Anything else required for gst return of taking ITC of Igst paid on import of goods on against outward supply gst?

This is with reference to your Registration application filed vide ARN AA240220048748C Dated - 20/02/2020 The Department
has examined your application and is not satisfied with it for the following reasons:


1 UPLOAD CERTIFIED CONSENT LETTER.

Assessee is having outstanding demand U/s 154 for A Y 2010-11 & 2011-12, rectification rights are with Jurisdiction A O. Whole of Outstanding demand is because of Interest U/s 234.
Is "Vivas se Vishwas Scheme" is applicable to Assessee ?
Can assessee go with the scheme & pay 25% of the Outstanding Liability (interest in nature)?

AN INDIVIDUAL RESIDENT IN INDIA HAS ANNUAL INCOME OF RUPEES 2,80,000/-, which includes Interest of Rs.36,000/- on which TDS of Rupees 3800/- has been deducted, . He sufferred a loss of Rs.1,20,000/- in stock Market.

IS IT MANDATORY ON HIS PART TI FILE INCOME TAX RETURN AS TDS HAS BEEN DEDUCTED IN HIS CASE ALTHOUGH HE IS NOT INTERESTED IN FILING RETURN AND READY TO LOSE AMOUNT OF RUPEES 3800/- DEDUCTED AS TDS.

Ay 20-21 if the rental income is upto Rs 5 lacs of a femal senior citizen, whether the said income will be taxable ?

Ay 20-21 if the rental income is upto Rs 5 lacs of a femal senior citizen, whether the said income will be taxable ?

Amount received from members against maintenance are not taxable then nature of expenses is allowable against Bank Interest and rental income. Kindly guide.

There is a big budget one-time event planned by a group of 5 people. There is no intention to earn profit.
What is the best form of organisation to set up to optimise the tax benefit and lower the risk of personal liability?