I am a director in a PVT company during FY 2019-20 from Sept to March 2020
I was getting salary from my previous employment till August 2019.
My query is that for filing IT Returns for AY 2020-21 what ITR should I choose

During last year as a director of that company i have not received any fees( Last FY Loss )

Thanks and Regards
Suresh R

Please solve this case study.
A property was purchased by family members in a company in 1992 for 5 lacs. The company went into liquidation in 2020 and the members of the same family get a share of the property as per there shareholding.
SDV in 2020 6 crores. What will be the taxation in the hands of shareholders. Will it be exempt as the shareholders are of the same family who was at the time of purchase?

Whether Income earned by farmer producer companies can be considered as Agriculture Income and claim Exemption u/s 10(1) of Income tax Act.
Whether MAT is applicable for Producer Companies?

I.t .Assess cash gift to wife Rs:1,90,000/- payment through on cash mode.
Question:
Above gift transaction taxable or exempted and sec 64 applicable in I.t. act

SIR
We are GTA (Not Opting GST 5% Or 12% ) and running the business under REVERSE CHARGE BASIS. Our party will pay GST on the services to be provided by us.
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During the last year (2019-20), We had issued the sale invoices to our party on the basis of FORWARD CHARGE MECHANISM by charging GST @ 12% as requested by the party. We collected the same from Party. Party accounted the invoices in their GST Return whereas we failed to do the same due to lack of knowledge of accountant. Also the party notice from department for that ineligible credit.

Now Party asking GSTR1 Returns with us. Hence, we want to account the sale invoices during the current year. Can we do it? If yes, Will it clear the issue of Party?
OR Can we add the sales details in Annual return (2019-20)?
Plz Clear my doubt
thanks in adv

Hi all,

Whether notes to accounts contain signature of the directors?
Thanks in advance

Hello all
Pl tell the accounting entry for adjustment of floor sale to the builder in collaboration in the Books of owner of the property.
Kindly reply.
Regards.

portal is not accepting input in excess of 10%..our co has recorded previous month ITC of freight RCM basis and accordingly liability is recorded..
what to do whether to go ahead with my computation?
Is this rule 36(4) applicable on RCM

WHAT IS TAX IMPLICATIONS IF DAUGHTER IN LAW GIFTS SHARES TO HER FATHER IN LAW ?

WHETHER TAX WILL BE IMPOSED ON DIFFERENCE OF PURCHASE PRICE AND TRANSFER PRICE TO DAUGHTER IN LAW ? OR TAX WILL BE FULLY CHARGED TO FATHER IN LAW WHEN HE WILL SELL THE SHARES ?

Our co has recorded previous month bill of freight in nov and we are paying RCM...but portal is not accepting the same it is mentioned that input is exceeding 10%?
can i show such rcm exp in nov 36(4) is applicable on RCM?