Poonawalla fincorp
Poonawalla fincorp


Sunil Kumar Das
23 October 2017 at 00:20

gstr 3b

late filling calculation for gstr 3b Sep


Vl Subrahmanyam
23 October 2017 at 00:14

asset capitalisation

we have purchased material for making almarah,wood and glassware item cost about 222539 and paid labour charges of 27005. is it capitalised or not . please clarify


Gokul Sharma
23 October 2017 at 00:01

Gstr 3

I am having Nil Return in July Period. I have filled GSTR 3B , GSTR 1 , GSTR 2 . but not able to file GSTR 3 . Please Help.
5 Days Passed from GSTR 2 Filling Date .


Snehashish Ghosh
22 October 2017 at 23:03

Tax on joint accounts

I am in the 20% tax bracket. I have some fixed deposits in my name only and I pay tax on the interest income from these deposits. I am unmarried and 50 years old.
My sister who is married has income from tuitions and trading in shares. She also has some fixed deposits in the same bank as me but in her name only. She is in the Nil or at the most 10% tax bracket. She pays tax on her income separately using her PAN.
I now want to convert most of my Fixed Deposits and Savings accounts to JOINT ACCOUNTS with my sister. I will be the Primary or First Account Holder and my sister will be the Second Joint Account Holder.
My question is:
1. Will there be any change in the way I and my sister have been paying taxes if I convert my deposits to Joint Accounts with me as the First Account Holder?
That is will there be some clubbing of income?
Or will I continue to pay tax on the income from my deposits alone as first account holder and my sister will continue to pay tax on her tuition, trading and income from deposits in her name only as we have been doing in previous years so far in the same way with no change?
2. Is it correct that the banks will deduct tax (TDS) ONLY in the name of the First or Primary Account Holder on the interest income from Joint Accounts?
Please note that I am bothered about the taxation angle only and not about any disadvantages of choosing joint accounts other than taxation.

Seeking an urgent response.



Anonymous
22 October 2017 at 22:10

Depreciation for undisclosed asset

An assessee who comes under tax audit as per section 44 AB has not shown his assets which was purchased in previous AY in the accounts and so not claimed depreciation. This year he wants to show those assets under purview of the income tax act and wants to claim depreciation in order to reduce tax. Now the form 3CD asks for date of purchase for addition if he tries to show his assets as addition in this AY. How can he deal in this situation?


abhijeet m. deshpande
22 October 2017 at 21:53

Audit report upload

Can an assessee having two proprietary concerns appoint two seperate auditors for each concern and can both the auditors upload two seperate audit reports on the Income tax site.


Bunty Sharma

Hey!! I want to know that how to show depreciation disallowed u/s 38(2) in IT return, as, in IT return, I found no such option even depreciation is auto computable means we cannot just put the correct amount of depreciation there also. So, will anybody guide me on the same. Thanks


Santosh Singh Somvanshi
22 October 2017 at 21:09

Gstr 3b

SIR
MY CLIENT WAS TAKEN GSTIN ON 10/07/2017 AND NO ONE SALE AND PURCHASE (ZERO)DURING JUL-17,AUG-17,SEP-17 BECAUSE HE IS ILL DEEPLY ,AND NOT GIVING ME INFORMATION FOR ABOVE .WHEN I AM TRYING FILING OF THOSE PERIOD JUL-17 3B FILED SUCSESSFULLY BUT AUG-17B SHOWING 6200 RS LATE
FEE. HOW FILE THAT OR BEST SUGGESTION FOR ME, WHERE MEDICAL CERTIFICATE IS AVAILABLE


MOHAMMED ASGAR Bhati
22 October 2017 at 21:04

unregistered inward supply in gstr 2

Please clarify the invoice wise details to be entered in Gstr2 for inward supplies from Unregistered gta supplies liable to reverse charge. which coloum ????


sanjoy ojha

i HAVE A EXISTING GST REGISTRATION.I WANT ONE OF MY OTHER FIRM TO ENROLL FOR THE SAME.HOW ??
CAN I HAVE TWO COMPANIES WITH SAME GST NO ??