Poonawalla fincorp
Poonawalla fincorp


RONI
08 July 2019 at 08:13

Nil turnover

Sir, There is Nil Turnover during the year 2018-2019 of a contractor.
Amount received from party is shown in 26AS under u/s 194C as RS 555,576/- and TDS of 5555/-deducted in this amount .
Sir , My qns is , at the time of filing TDS of Rs 5555/- details in ITR, It is asking corresponding Income offered.
Sir , there is No business Turnover for FY 2018-2019.
Sir , which amount and under which head, corresponding Income offered to report in ITR.


ASHISH
07 July 2019 at 21:59

Long term capital loss

FOR F/Y 18-19 I HAVE A LONG TERM CAPITAL LOSS OF 2 LAKH
AND EXEMPT LONG TERM CAPITAL GAIN BECAUSE OF GRANDFATHERING CLAUSE OF 80000
WILL I CARRY FORWARD 2 LAKH LOSS OR 1.2 LAKH(AFTER SETTING OFF EXEMPT LTCG OF 80000)


Kamal Bhojwani
07 July 2019 at 21:13

Long term capital gain

My father purchased land in 1999-2000 for Rs 1,20,000 with agreement to sale. He constructed a house spending approx. 4-5 lacs (but no bills as a proof). There was an agreement finally in 2017-18, where agreement was done, stamp duty of approx Rs 3,00,000 paid on then current value of 42,00,000 (calculated by govt approved valuer)
My father passed away in 2018-19 and my mother inherited the property. She sold the house in 2019-20 for Rs 45,00,000.
Probably, my mother is liable for Capital gain tax, but not sure how the indexed cost of acquisition will be calculated considering no proof for the cost incurred for construction at that time is available. Please help.


MANISH SETPAL
07 July 2019 at 20:39

Annual return

which is the coloum for input of 2017-18 but availed in 2018-19 in annual return of 2017-18
point no. 8C or point no. 13 or both


Ashok

Dear Sir,/ Madam,
My Query about to Standard Deduction of 40,000, is that My Yearly Salary is 4,50,000 and I Paid LIC 25,000,
so which is my taxable income :
4,25000
OR after standard Deduction
385,000 (425000-40000)


MANISH SETPAL
07 July 2019 at 20:07

Rate of tax on gta

GTA (WHO HAS NOT TAKEN INPUT) PROVIDE SERVICE TO UNREGISTERED PERSON
WHAT IS THE TAX RATE FOR THAT TRANSACTION AFTER The Government cancelled Notification No. 32/2017- Central Tax (Rate) dated 13th October, 2017


raghavendra b
07 July 2019 at 20:00

Chief minister flood relief fund

DEAR SIR,

DONATION PAID THROUGH SALARY DEDUCTION TO ANY FLOOD RELIEF FUND SET UP BY GOVT OF RESPECTABLE STATES ITS 100% WITHOUT QUALIFYING LIMIT U/S 80G ITS CORRECT

REGARDS


MANISH SETPAL
07 July 2019 at 19:59

Input of vehicle to transporter

A PERSON IS ENGAGED IN TRADING OF SAND AND GRIT, HE ALSO DOING WORK OF TRANSPORTATION.
HE IS PURCHASE OF TRANSPORT VEHICLE WHICH IS USED IN HIS OWN MATERIAL TRANSPORT AND TRANSPORTATION SERVICE.
CAN HE CLAIM INPUT OF VEHICLE AND ISSUE A BILL OF TRANSPORTATION WITH 12% GST


Smrity
07 July 2019 at 18:04

Audit

Hello All,

I have a query what is a Public limited co. and a Limited company

Also whether it is mandatory for a limited company to appoint two auditors , one internal and external


HARI NARAYANA
07 July 2019 at 16:44

B2c

I AM SUPPLY SERVICES TO MUNICIPAL CORPORATION. SOME AUDITOR SAY YOU SHOW IN B2C BEACAUSE MUNICIPAL CORPORATION DOES NOT TAKE ITC BUT MY INTENTION IS MUNICIPAL CORPORATION AND ME ALSO BOTH REGISTERED PERSON THE IT COMES TO B2B. SO WHAT IS CORRECT ONE PLEASE TELL ME