Ravi
04 January 2021 at 11:12

New tax regim/slab 2020

can you let me know if I go with new tax regim 2020 would I be eligible for section 54f exemption?


Renjith.R.s.
04 January 2021 at 10:08

Income tax applicability

An individual is running a stationery shop with turnover for FY 19-20 is within Rs 4 lakhs. While submitting his IT return whether business books should be signed by CA? Which ITR form is required for IT submission? What is the due date for FY 19-20?


Aakash Sai

Hi, I have got a query about entries for a GST Purchase which is an indirect expense, its a vehicle reapir charges entry. It wont be sold to anyone, so how to make the entry for the same it has 7 different hsn codes.


Raju P

Assesse (Individual) has Income from Consulting Service.
Due to the reason that his Profit falls below the 50% of Gross receipts, he is undergoing Tax Audit.

I need a clarification about DSC, is he required to get the DSC to file ITR (As the act uses the words " IND/HUF who are required to get their books Audited .....")

OR

It is like a normal individual case.


v ramachandran

SIR
I AM A SENIOR CITIZEN HAVING PENSION INCOME OF RS 3.50 LAKHS. I HAVE DONE SHARE TRADING WITH A TURNOVER OF 85 LAKHS AND A PROIFT OF RS 1.30 LAKHS UNDER SHARES ( BUSINESS INCOME). I HAVE ALOSS OF EARLIER YEAR OF RS 65000/- WHICH WILL BE OFFSET BY THIS YEARS PROFIT. AM I REQUIRED TO HAVE MY ACCOUNTS AUDITED IN SPITE OF THE SHARE TURNOVER BEING ONLY 85 LAKHS. OTHER INCOME EXCEEDS INCOME TAX LIMIT. PLEASE ADVISE.
V RAMACHANDRAN. COIMBATORE


nagesh s
03 January 2021 at 19:55

DIN is not approved

Dear Expert

I am doing DSC registration in MCA website,but following error has been showing in the MCA website.So please tell me the solutions for this

DIN is not approved. You require an approved DIN to register your DSC.

But we have DIN number.But following error has been showing in the mca.
If any one know means please suggest me












sridhar
03 January 2021 at 18:40

Income from House Property

Dear Sir/Madam,
I got one house at Hyderabad which is let out and due to employment i am working in Chennai and getting HRA and paying rent.
Here, i am getting rent from Hyderabad property and in Chennai getting HRA and paying rent.

Is it self occupied property. If it is let out can i claim Annual Value as NIL.


Ravi

I have a query on interest rebate for under construction property for self use. I booked an under construction property in Dec2017 under 30-40-30 payment plan for which I took a loan in Dec2017. As of today Loan is 50% disbursed. Due to covid there is delay in planned completion to Jun 2023.
1. Would I be able to get any rebate on interest if builder provides possession by Jun 2023?
2. Based on above dates when would my 5 year timeline for completion end?
3. Is there any relaxation to 5 year timeline for completion due to covid?
Thanks


Suresh S. Tejwani
03 January 2021 at 12:33

REMITTANCE FROM FOREIGN COUNTRY

WHAT IS THE SECTION OF REMITTANCE FROM FOREIGN COUNTRY ?


ARUN GUPTA
03 January 2021 at 11:45

Tcs

I received advance of Rs70 lakhs in july 2020 against sales and returned full advance in November 2020.My turnover last year was more then 10 crores. Am i liable to deduct tcs after october 2020 for above transaction. Please advise in details.






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