My question is ,one pension holder's income cross the taxable limit like pension and other source of income e.g.Interest income from Interest on F.D. His net tax payable is 42,000 approx after deduction of 80D,has no LIC etc under section 80C during A.Y 2020-21.How he paid the Income Tax by self assessment tax or advance tax.Please let me know at the earliest.
Thanks,
Buddha deb Das
Hello Experts,
My current company import vehicle items but the same are charged @ 28% GST however , when the same goods are sold in the local market the goods are sold @ 18% GST. How can we manage the same in Tally. Because when the ledger is created in Tally we would create the at 28% but while selling we are required to charge 18%. How can we sort the same?
In current F.Y 2018-19 I had incurred expense on Outdoor Catering Service amounting to 2.5 lakhs and GST paid by me at 5% with official receipt. I'm salaried and I would like to know where to show this expense incurred at the time of filing ITR. Am I supposed or liable to pay any other tax. Please advise.
Thank you
I want to take transfer from articelship and in am in 2nd year ..my prinicpal is ready to give me transfer but i dont have any such special conditions for transfer as per rule. Wat should i do?. ...urgentttt ...
Hi
An URD renting gown to educational Inst( higher Edu Inst) , does GST attracts on this transaction ? If yes what is the Tax Rate ?
Thqs in advance
Guys
I need a project report for e rickshaw for bank loan. Does anybody have pls provide it..
My client had wrongly claimed excess ITC in 2017-18 but failed to reverse in 2017-18 & 18-19.But till December 2020 my client has filled GSTR_3B.Can i reverse the excess and pay the difference in cash OR File the January 2020 return as it is OR reverse excess ITC using DRC 03 Voluntary payment???
Dear Expert,
What can we do if we have taken excess credit in 3b than 2A for fy 17-18 before filing gstr9 as there is only 6 days left.
Plz reply
A is the owner of a land.
A has entered into a Joint Venture (JV) agreement with B around 30 years ago and collected contribution for the share given.
The JV agreement provides that incase of disagreement between the parties both A & B will develop their respective area at their own cost. The agreement doesn’t specify that A will *convey* the portion of the land to B so that he can develop his share independently at his own cost. B is insisting that the land be divided as per his share and *conveyed* to him. A asks in such a case will section *50C/ 50D* of the Income Tax Act be applicable to A.
CAclubindia
Income Tax