Poonawalla fincorp
Poonawalla fincorp


Kejal Pandya

Hello
26AS shows more TDS than claimed in ITR, hence not carried forward in AY 2018-19. ITR is filed before due date and processed, refund is yet to be received.Can TDS of AY 2018-19 now be claimed in ITR of 2019-20? If yes, how?


Srinivasa Joshi
07 July 2019 at 16:05

87a under income tax rebate

Respected Sir
Please be clarify the 87A under income tax, what is this and how it come to use while in assessing the individual income tax calculation . Just all are saying no income tax up to 5 Lakhs. but in slab up to 250000/- no income tax that is why little bit confusion. request to solve the confusion.
Thanking you
Yours faithfully
Srinivasa Joshi.


CA GIRISH

Please advise on the below case
If a GST Registered Person ABC (Prop. firm) have sold goods to Reliance Stores all over India on SOR Terms.
here SOR Terms means Sale or Return Basis i.e. if goods remain unsold to end customer then it will be return back to ABC.
Now problem is that 100000 Lac Pcs remain unsold in different stores at different states.
meanwhile ABC decided to quit its Proprietorship firm and willing to start business with Existing another partnership firm XYZ.

Reliance will return back the goods to ABC in books virtually (not actual movement of goods)
ABC will release tax invoice to (XYZ new Partnership firm) for the same goods. (No movement of Goods)
XYZ will release tax invoice to Reliance only in books (no actual movement)
but goods will not be removed from Reliance stores.
if the said virtual transfer of goods is a valid supply in terms of GST and ITC will be eligible for the said transfer of goods.

Waiting for your advise.


dipsankar
07 July 2019 at 06:38

Pan card

Sir my query is 1).CO-OPERATIVE HOUSING SOCIETY LIMITED IN WHICH CATEGORY IS SELECT LIKE TRUST/AOP/BODY OF INDIVIDUAL/LLP/FIRM/COMPANY. 2).TREASURER/SECRETARY CAN SIGN PAN CARD APPLICATION.3).WHICH STATUS SELECT IN PAN CARD (PAN CARD FOR HOUSING COOPERATIVE SOCIETY LIMITED).


ASHOK KUMAR
07 July 2019 at 05:33

cash receipts and payment

Dear Sir , please explain what's is the existing rules for cash receipts and cash payments in a proprietor concern i.e limits


PRIYA
06 July 2019 at 23:47

Long term capital gain and loss

For financial year 2018-19, I had Long term capital gain on shares of Rs. 90,000 and Long term capital loss in shares of Rs. 2,00,000. Can I set off the Long term capital gain of 90,000 with the exemption limit of 1,00,000 and carry forward the Long term capital loss of 2,00,000?


Ayush Mangal
06 July 2019 at 23:40

How to pass entry

Sir,
I have paid 17-18 income tax on 5-9-18 so how to pass entry in private limited company. But we not make any provision or advance tax in 17-18.


SADASIVAN THEKKEY VEETIL

I would like to know what is the exemption limit for tax on interest received on fixed deposits in the case of senior citizens in fy 2018-19


nirav patel
06 July 2019 at 22:20

Interest claim on electric vehicle

If interest claim on electric vehicle in profit and loss account as a expense than deduction additionally allowed in income tax return?


AFSAL BABU K.A
06 July 2019 at 20:14

Purchase of land

Respected Sir

Purchases of Land (both for small amount/large amount) need to show while filing our Income Tax return

regards