Mr. A has received in his bank A/c Rs. 25 lakh from a group of friends who are not in the defination of relative for his cancer treatment.Whether 25 lakh is taxable in hands or not.Is there any provision or method so that he can save income tax which was received for his cancer treatment

Hi

when can we pay Tds of March 2020.

And what will be interest charged.

Dear sir

we are receiving online (digital) information about scrap rate related and weakly basic . so this type of expenses applicable TDS ? if applicable . what is %?

Invoice Value above Rs.40000
Mentioned description on invoice ; Online information and data services

Pls help me

Dear Experts

We are a Labour Law Advisory (proprietary) company registered under GST since July2017 & before that we were registered under Service Tax regime.

1) What is the current turnover limits for service providers under GST because we are planning to surrender GST registration.

2) If we fall under Pt 1 then would the following suffice before we make an application for surrender:

- filing GSTR3B for Mar2020
- filing GSTR1 for Jan-Mar2020 &
- filing GSTR9 for year 2018-2019 & 2019-2020

3) Do we need to take care of any other aspects other than Pt 2.

Your early revert will be of great help.

Thanks

SUNIL

Is relative of KMP required to be disclosed as per AS 18 even though there is no transaction with the relative during the financial year

Deal All,
Can we take in any case ITC on group medical insurance provided by the company for Employees? and not charged any fee from employee.

Can we take ITC of GST on penalty charged by BSE or NSE?

if a person forget to take ITC for the March 2020 month GSTR-3B return. so this case he can claim this amount of ITC on next financial years April month GSTR-3B return?

I have paid Rs.390000/- as salary to A for the FY 2019-20? My questions is
(1) should it require to deduct the TDS
(2) should I require to file TDS return

Kindly help me by way of answering the following:- 1) Received PPF maturity worth Rs.10830.31 (both of principal and interest). How to show the same in balance sheet? 2) A fully depreciated car sold worth Rs.2640/- (C.P. was 48690/-). How to show the amount received in balance sheet? 3) Received income tax refund worth Rs.3880/- as principal and 110/- as interest. Interest is taxable. How to show the amount received Rs.3880/- (principal of IT refund) in balance sheet? Regards, T.K.ROY