Joseph P Varghese
01 August 2021 at 10:13

MF Dividend

Till FY 2019-20 I was considering Dividend payouts from Mutual Funds ( based on receipt basis , that is, when the Dividend was credited into my bank account. As the total dividends were less than Rs 10 lakhs, this was exempt.
Now from FY 2020-21, Dividends will be taxed in our hands . While considering such Dividends, I found that two dividends received by me in April 2020 was actually of FY 2019-20 as the Mutual Funds have not covered these in their Form 16A.
Had I included these in my Return for FY 2019-20, these would have been exempt. But now in FY 2020-21 it becomes taxable. Is there any way to claim a relief?


Rahul Singh
31 July 2021 at 23:24

Nri bank info and loan update

hello, if i become nri is it mandatory to tell bank that i have become nri?
if required then in how much time?
if i have any loans running for business or home loan will i have to close or those will continue?

i have been paying all my emis timely and will continue but don't want to close just because i become nri.


DEBASHIS Maji
31 July 2021 at 22:39

EPF EDLI

Epf employee workings in a factory demise after long illness, his last five month epf contribution was 0, Is he eligible to get EDLI benefit? Please answer.


Praveet
31 July 2021 at 21:55

Interest RD

Interest on FD and RD is taxable on received or on accrual


Tina Kantilal Mutha

I have below queries on how to proceed with notice received...
1. Notice was sent to old address even though the current address is updated on income tax portal. why so?
2. As Notice went to old address , i got notice after 2 months of delivery of notice to old address.
3. Notice does not mention the Exact reason. it only propose to assess/re-assess the income/loss.

Please suggest on how to proceed/react on the notice. Thanks in advance.


sankar ponnan
31 July 2021 at 18:46

URP

SIR / MAM

A trader is in Tamil Nadu. He has to issue a delivery challan to his Unregistered Customer in Karnataka but he is registered in Tamil Nadu.
Kindly let me know how can he issue that invoice plz
thanks in adv


Kavita R

While uploading the xbrl file (aoc 4 xbrl)with the latest instance document even after attaching the fresh documents with a fresh form i am getting an error "LATEST INSTANCE DOCUMENT NOT ATTACHED" . My xbrl person is saying to try affixing the dsc in another computer. Is there any other way to solve this problem? Can anyone please send the suggestions asap....


Vipul Acharya

Is E-invoice mandatory to be send, on movement of goods along with carriage or not

Our Invoice contains acknowledgement no. and IRN no.


MAKARAND DAMLE
31 July 2021 at 17:15

T d s us 94c

In Terms of notification FEMA 10 (R)/2015-RB of January 21,2016 payment is made through EEFC account maintained with India Bank in convertible foreign exchange towards sea freight

My question is whether TDS us 94C is applicable to above payments ?


Javid Shaikh
31 July 2021 at 16:55

MULTIPLE HUF VALID IN PAST ?

A Person create multiple HUF. Example as under
Rajkumar Gupta create own huf in 1985 like "Rajkumar HUF".
and He is another make huf with his wife name Karunadevi Gupta and her huf name "Rajkumar Karunadevi HUF" in 1994 & same period 3rd make huf with minor son (16 year ) Sonukumar Rajkumar Gupta and HUF name is "Rajkumar Sonukumar HUF"

Please guide me , how is possible to make this types of HUF.
Rajkumar is karta in "Rajkumar HUF" but i want to know that whose is karta in case of "Rajkumar karunadevi HUF" & "Rajkumar Sonukumar HUF" and whose is coparcener in wife and son case.

Actually all three huf have bank account but There no transaction made in long time so this account automatically being convert government account.
I want to withdrawal my money i have to prove with huf declaration in bank.





CCI Pro
Meet our CAclubindia PRO Members


Follow us


Answer Query