I have given ca foundation in nov. 2019 and nov. 2020 but i failed and want to give nov. 2021 attempt without applying for may 2021 attempt , can I do so , am I eligible and does ca guideline allow me to do so??

I took an education loan in May 2018 for my higher studies. I started repayment of the loan in May 2020. During those two years (FY19 & FY20), the accrued interest on the loan is INR 1.50 Lakh. I have paid all the accrued interest and interest generated in FY21 (Approx 80k ) with EMI and prepayment.

My question to the forum is whether the accrued interest of FY19 and FY20 can be calculated for a tax deduction under section 80E of the Income Tax Act?

Interest generated for FY21 is eligible for tax deduction but I am not sure for interest generated in FY19, FY20, and paid in FY21.

A Pvt Ltd Company has rented own premises and getting rental income

My question is whether the rental income can be shown under Income from House Property and 30% can be claimed towards repairs ?

Sir,
I.t.assess unsecured loan and Sundry debtor(cash loan) outstanding ledger balance as on 31-03-20 in books.
1.unsecured loan (name Mr.A) balance Rs: 4 lacs.
2.sundry debtor cash loan(name Mr.B) balance Rs:5 lacs.
1.Unsecured loan balance Mr.A Rs:4 lacs amount transferred to Sundry debtor loan Mr.B account Contra accounting entries passed in books f y.20-21
2.balance amount Rs: 1 lacs cash receipts from debtor Mr.B. f y 20-21
Question:
Above two transactions f.y.20-21 allowed in I.t. act.

we have prepared an e invoice and generate IRN, but we want to cancel that e invoice before filing of GSTR-1 return. How is it possiable ?

How long should a bad debt take to be written off?

Dear All
Please note there was an advance payment received for Sale of property in FY 2019-2020. TDS was deducted for the same. Now that Sale happened in FY 2020-2021 and TDS was deducted for the balance amount in 2020-2021, how to deal with TDS of FY 2019-2020? Whether I can carry forward the same? And what will be the implications of TDS in FY 2020-2021 which is carry forwarded?

some credit notes are issued by supplier to us(we are buyer), now what should we have to show in 9B of GSTR1?
may we have to make debit note against these credit notes having same note numbers and taxable values of credit note given by supplier or should we have to make credit notes with same note numbers given by supplier?

Assess I.t. return filed Dt:03-02-21 f.y 19-20 sec 44ad sales of taxable turnover Rs:45 lacs show in I.t. return.but Assess not registration in gst act.
Question:
What is the consequences to dealer not registered in gst act.

Transfer of property between firm and partners – taxation aspect (sec 45)
Firm distributing immovable assets as well as liabilities to its partners on dissolution.

Two partners have agreed to start and carry out the business of partnership for their mutual benefit. The partnership firm is not registered with registrar of firms.

The business of firm is to acquire reservation land & handover it to local Municipal Corporation by due legal process & obtain TDR/FSI/Development Right Certificate.

Partnership firm purchased a litigation (reservation) land in 2018 & recorded it in Books of accounts along with liability on acquisition. The TDR work is under process. Now both the partners decide to dissolve the firm and transfer the immovable property in the name of one partner along with liability of the firm.

What is the tax implication in such case?