sriram
19 February 2020 at 15:21

REGARDING MISTAKE DURING RETURN FILING

1.RETURN OF AY 2012-13 IS WRONGLY FILED FOR AY 2011-12 AS RESULT OF WHICH AY 2011-12 GOT UNKONWINGLY REVISED FOR WHICH THE DEPARTMENT HAS SENT NOTICE FOR FRESH DEMAND.
2. HOWEVER TAX RELATING TO AY 2012-13 WAS REMITTED ONLINE DURING THAT PERIOD ITSELF AND COPY OF CHALLAN IS THERE.
3.NOW THE RETURN FOR AY 2012-13 REMAINED UNFILED.
WHAT IS THE WAY OUT FOR THIS PROBLEM
ANYONE KINDLY SUGGEST


Lowrence
19 February 2020 at 14:36

Property - mortgage - procedure

Hi All,
Can I keep property papers of the house we are living in now in the Bank, like mortgage , which is on my dad's name. And can we get loan sanctioned on the property so that we can demolish the house and construct a new one properly, with 3 floors.
Could you please let me know how is the loan amount sanctioned and other details like tenure of loan repayment, etc.

Thanks in advance.


shalini
19 February 2020 at 13:29

TDS ON PROPERTY

TDS on property became effective from 1.6.2013. A person paid his brothers & sisters in 2011 to purchase their share in the ancestral property he resided. Now in Dec 2019 he has got a sale deed executed in his favour and Registrar is asking for TDS challans for it. He is ready to pay TDS, what would be applicability of interest if date of payment of 2011 is entered. Since the section was not effective, there should be no TDS. Date of deduction is also got to be entered it will be Dec 2019.
Pls help out in this matter.


Lowrence
19 February 2020 at 12:47

Property - mortgage - procedure

Hi All,
Can I keep property papers of the house we are living in now in the Bank, like mortgage , which is on my dad's name. Of course, he has agreed to this. And can we get loan sanctioned on the property so that we can demolish the house and construct a new one properly, with 3 floors.
Could you please let me know how is the loan amount sanctioned and other details like tenure of loan repayment, etc.

Thanks in advance.


thotasrinivas
19 February 2020 at 12:08

Capitalization of expense

can we capitalize expenses like Logistics & delivery charges, TR amount for Vehicle??
and let me know the discount need to less from asset value or reduce from Maintenance of vehilce? which is correct way ??


Kelvin Bhuva

A person who is engaged in business of construction he bought Concrete Mixer Truck in 2012 and not taken VAT credit on it. he want to sell it and he will receiver consideration for it. so my question is first of all GST will be applicable or not? If yes then How to determine value of it under GST?


Devikishan Rathore
19 February 2020 at 11:38

Solution for issues of Co.Op.Hsg Soc Ltd

NEW HIGHWAY PARK E/3 CO-OP-HSG.SOCIETY LTD
Thakur Complex,Western Express Highway, Kandivali (E),Mumbai-400101

1) What types of businesses are allowed to be carried within the premises of residential building
2) Is a coaching class allowed? If yes then any restrictions in Co-op Hsg Soc Ltd Maharashtra
3) Can children play in the open space of Co Op Hsg Soc Ltd Maharashtra? Yes this questions sounds absurd.... but owner of the coaching class threatens playing children to not make noise in order to not disturb his students.
4) Any rule or section of the society bye-laws which strictly prohibits people / members from throwing unwanted stuff, garbage, food from their windows down onto the parked cars....on pathways, pavements etc.
5) Ours Committee Members strength is Gen-8, Woomen-2, ST/SC-1,OBC-1 ,VJ/NT/SBC-1,TOTAL 13nos. ,QUORUM -7nos.
PUNEET RATHORE -COMMITTEE MEMBER


DIVYESH JAIN
19 February 2020 at 11:27

Director remuneration type of income

Dear Sir,

Is Director Remuneration considered as Business income in the hands of the Director.

A person is a Director in the company from which he has earned salary income of Rs. 4 lacs. He also carries on business in his personal name in which total income is 17 lacs as Contract receipt. Tds is deducted u/s 194c on this contract receipt.

Does the person has to club both the income director remuneration and business while preparing his Profit and loss, if done then the person becomes liable to register under gst.

Please help on the above matter.

Regards,
Divyesh Jain


Mahabir Prasad Agarwal

I am a wholesale dealer of sanitaryware having turnover below 2.00 crores during FY 2018-19. Whether RCM 5% on Carriage Inward and 18% on Rent paid is compulsory for me.?


Divyank Sharma
19 February 2020 at 10:20

Regarding accumalated deprication

The car was crashed 6 weeks ago and has been written off by the insurance company (non-repairable) they offered me Rs3000 and I told them that it wasn't acceptable! They finally offered me Rs 4499 and then deducted the policy excess of Rs600 out of this.
So this week O received the cheque for Rs 3899 which was addressed to me personally. I need to transfer this money into my business account but I'm not too sure how I reconcile the payment or what to put it as and also how to remove the car as an asset.

Value of asset (At cost): Rs6000
Accumulated Depreciation: Rs1200























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