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Dipak Gulhane

One State Organization in Maharashtra has issued form 16 in which they have not claimed interest on home loan interest on accrual basis & full installments is claimed in 80C as Principal repayment.
This is concessional low interest loan given to employees say for 20 years of which first 15 years will be use for principal recovery & last 5 years for interest recovery out of repayment installments. But Section 24(b) allow interest on accrual basis & not paid basis even if interest paid in next F.Y. & we wish to claim it on when paid as per organization interest recovery mechanism mentioned above & interest will also be shown by employer in form 16 when actually recovered in some last years installments. Is form 16 is correct & if not then shall I claim Interest as & when accrued for for each F.Y.?


Suresh S. Tejwani
22 June 2023 at 18:24

GST REGISTARATION

WHETHER REGISTARATION UNDER GST IS APPLICABLE ?
- IN CASE OF PURCHASE OF LAND AND SELLING IT BY SUB PLOTTING AS A BUSINESS.


B S

1. Is any registration, license or certification mandatory for providing training/coaching for "Online Commodity Trading - profitable strategies" to interested persons or a fee, via online & offline mode?
2. I wrote to the SEBI requesting clarification, but they too failed to respond with a direct answer and instead asked me to go through the FAQ's for 'Investment Advisors' on their website. So my second question is does the above fall under an 'Investment Advisor' (IA)? If yes, how, because I will not be giving any investment advice & next I will be providing training only for Commodities and not Securities/Equity Stock market, so how will it fall under an 'IA'?
Thanks in advance for all who may respond.


D Das

Hi,

I want to know whether income tax on Dream11 winning for FY 2022-23 is on net profit (amount withdrawn - amount deposited) or is it on the total amount withdrawn from the app ?


JAANU
26 June 2023 at 15:47

TAX AUDIT FOR FASHION DESIGNER

Hello All,

My mother is running a business as a fashion designer, she designs dresses for her customer, there is no purchase of material or sale of material but just job work charges and tailoring charges. Her all receipts and payments are in cash. we make payment to tailors in cash and deposit balance amount in bank. our annual turnover is Rs. 8 Lakhs and expenses are 6 lakhs. does she need to get tax audit?

Her other sources of income are interest on FD, Share market dividends which are amounting to


Shraddha
22 June 2023 at 14:18

Registration Address change in LLP

Dear Experts, if registration address of the LLP (Partnership Firm) has changed so please let me know in partnership deed required to add address or in any other place. We have changed address in MCA, ROC, GST, PAN,PF-ESIC, PT.


Nooralla Masani

Purchased unlisted shares of Company (employer) in 2009 - Split and Bonus Prior to 31-1-2018 - Listed with IPO in 2021-22 and sold in 2022 What cost will apply for LTCG


bhawna

PLEASE SHARE GST INVOICE FORMAT FOR SHOOTING OF TV SERIAL BY CAMERAMAN.
AND ALSO RENTING OF LED LIGHTS FOR SHOOTING.


tejaswinee

Hello,
Can someone please let me know what shall be the Business Code if I need to file ITR 4 under Presumptive Taxation for an AC repair service provider. Business code 21008 other service is not accepted by the portal.
Thank you


RAVINDRA KUMAR
22 June 2023 at 12:36

DEPRECIATION ON LOSS OF ASSET

WHAT TREATMENT OF DEPRECIATION SHOULD BE MADE IN CASE OF LOSS OF TRUCK DURING YEAR-2022-23 IF THE TRUCK WAS PURCHASED IN YEAR-2018-19 ?