EASYOFFICE


Ragini

HDFC LIFE ULIP Plan
Premium- 1lakh/year.
Tenure-15 years
Insurance amount- 10 Lakh
Started in Feb 2014.

So, it has been 7 years since I bought this ULIP and now I want to surrender it as the lock-in period of 5 years is over.

I can surrender it and get full fund value as it is more than 5 years. My question is

1) How will this affect my 80C deduction (which I have already claimed) especially for the last 2 years?
2) What is the tax implication for surrender value? Is it fully exempt after lockin period?


Sakshi Chaurasia
19 January 2021 at 21:37

Cma registration

I have opted for regular instead of 10th passed and I have not paid yet can it be corrected??


vikas ghodke

My friend work with swiggy and he got the amount from third party weekly. Third Party deduct TDS u/s 194C. Which ITR should he filled?


Pragati Sharma
19 January 2021 at 16:29

Value of Supply - Urgent

A trader is selling goods at Rs. 4500 per ton to its customers. He makes GST invoice with HSN of goods of Rs. 4500+taxes and files GST returns. Rate of tax 18%

Later on, it was found that the actual value of goods was Rs. 2500 and Rs. 2000 was freight charges because goods were delivered by the supplier at customer's place. Rate of tax = 18%.

Whether it is mandatory to present freight charges separately on the invoice under different HSN although the tax rate will be same 18% for freight?


Kollipara Sundaraiah
19 January 2021 at 16:27

Money transfer service

A person some amount cash deposit rs:10 lacs cash deposit in bank account.if a person this amount used customers online mode payment through on Google pay and phone pay mode paid. transfer amount after service charges received from customers.
Question:
A person services charges income gst registration and I .t.return filed compulsory.


praveen
19 January 2021 at 14:19

RE : Annual Returns

Dear Expert,

Does the company having turnover of Rs.60Lakhs required auditor authorization for gst annual returns for the year 2019-20.. and what is the due date for the annual returns for the financial year 2019-20


sunil saini
19 January 2021 at 13:50

ACCOUNTS

Depreciation calculation in partnership firm, LLP Partnership firm, & Pvt ltd company


Dikshit Shah
19 January 2021 at 13:27

Journal Entry For Expenses

Dear Sir,

Good Afternoon

I Have query about all type of expenses Which Made For Company How To Entry In Journal Voucher With GST

And Also Those Expenses Which Is Not Related Company But Bill Generate And Make Payment From Company So Please Kindly Share Both Of Type Expenses Related Journal Voucher Entry With GST


Akash Kulkarni
19 January 2021 at 12:54

Applicability of service tax

If am providing pure labour service to a company which is liable to excise duty,then whether service tax is applicable to me?I am a partnership firm.I want the position for FY 2015-16 that is pre GST era. I have heard that no service tax is payable if service is provided to an excisable company.Please help me in this regard.Thank you!


Sonal
19 January 2021 at 12:38

Consolidation

Hi All

'X' Company has share in 2 Companies Y and Z. In company Y 44% and in Z 23.81%. X also holds 40% of the borrowings of Company Z (Total borrowings of Z is 1.5 Crs. and X holds 60Lakhs out of that).
Are X, Y and Z are considered as associated enterprises? How consolidation of these enterprises will be done? Line to line or to show only share in profit of Y and Z?

Thanks in advance