Dear Sir, we are received a labour contractor invoice of 1,85,000 and i paid 1,55,000 by cheque (TDS Deducted ) and rest 30,000 in cash ( 5000 * 6 in diff. dates ) . so should i deduct tds on cash payment (30000) or not. please suggest me.

Thank You.

Hi'

I would like to have clarity on the following with respect to Income Tax calculation for the financial year 2019-20:

1) What is the maximum deductions that shall be shown
2) Shall we claim Housing Loan - Principal / Interest for 2 properties at a time
4) Shall we claim medical expenses of in-laws for a women tax payer
5) Standard deductions for HRA
6) Standard deduction for women employer
7) Any other standard deductions that shall be claimed

Any one pl. support me

If annual return for FY 2017-18 is not filed bcz.of it has been made optional for them whose Turnover is less than 2Cr.(in fact T/Over of FY 17-18 was < 2 cr.) So my question is Can I able to file annual return for FY 2018-19 if my T/Over is more than 2 Cr. In this FY(2018-18).??

I will tried for set off IGST with SGST in GST portal ,but it is not adjustable, What is the problem........?

In ESOP we transfer the excess of amount in "ESOP outstanding account" to General reserve. What is the reason behind that. Please explain.

Thanks
Navya

what is the limit an individual or huf can keep in cash during or as on 31.3.2020

Dear Sir,
what is the entry for freight provision, if we need to deduct freight amount due to freight bill not available with purchase invoice.
And when we received freight bill.

Hi, as per my understanding interest on the housing loan taken from family and friends can also be claimed under s24 as a deduction st limit of 2lacs. However an interest certificate is needed from the person from whom loan is taken. Can you please advise how this certificate can be obtained?

SOME HAS GOT NET AMOUNT OF RS 21 LACS ON ACCOUNT OF SALE OF FLATS AS AGAINST WHICH NO EXPENSE CAN BE CLAIMED. SIMULTANEOUSLY OUT OF 21 LACS THERE ARE SEVEN PARTNERS EACH DRAWING A SHARE OF RS 3 LACS. Now the question arises whether each 3 lacs is shall be taxable or not ?

If I purchase goods Vehicle for business can I take get set-off