Kalpesh Pawar
31 August 2020 at 09:08

MEIS License tds deducted or not ?

Dear Sir
We have purchase to customer Meis License Tds is applicable not not ? if is applicable what should be tds under section and rate for tds dedicated ? if any notification


Iyaswamy Senthivel
30 August 2020 at 18:37

TDS on Rent

Form 16A shows a credit towards rent by my tenant for March 2020 on 31st March 2020 (FY 2019-20) itself and deduction of TDS and credit of the same to govt. on 27th April 2020. However the rent for March 2020 was credited to my account only on 7th April 2020 (FY 2020-21).
In spite of pointing out the mistake, he is unresponsive. What are the options for me to correct this?


Kollipara Sundaraiah

Assess property value Rs: 50 lacs.this property gift to son.
1. Assess sales of property received amount after transferred to cash gift to son.
2.assess property gift to son.
Question:
Above two transactions better in I.t. act.


Kollipara Sundaraiah

Assess loan received from banks and others Rs: 70 lacs for the purposes of construction of commerical building .
Question:
Assess loan interest to banks and other persons paid amount treated for business expenses(p&l) allowed or construction of commerical building include interest amount in I.t.act.


Deepak
30 August 2020 at 13:12

Speculation income

Is tax audit required if there is speculation loss on intra day trading on day 1 of Finanacial year and speculation gain on some other day of the same financial year, the net off result of both these speculation transactions is speculation gain and the turnover does not exceed 1crore


Naveen Kumar
30 August 2020 at 04:25

Professional tax

Hi,
One straup company opc is registered in last year, stayrd businnes in 2020 first week, now company received a last 7 months businnes ,this month they planeed to pay salary to their employees , company not registered under professional tax ,can you give suggestions how to apply for PT registration and deduct pt for last months,and consequences for delay PT payments


Nilesh Chajed
30 August 2020 at 02:16

APPLYING FOR DUPLICATE HUF PAN CARD

Sir/ Madam,
There is one HUF having PAN Number issued.Now the karta has died. And there are three members in HUF WIFE TWO SONS. .Now the pan card of HUF has been lost.My querry is that who will sign the form ofDuplicate pan. And what proofs to be shown.

Thanks & Regards.


Naresh Bhardwaj
29 August 2020 at 22:10

Concealment of information

ABC Ltd. took loan worth Rs. 50 crores from bank against mortgage of property worth Rs. 100 crore. Company failed to repay the loan and interest. Bank issued notice under Sarfaesi Act and fixed a date. Company did not adhere to it. Bank has again issued a notice under the above Act and fixed a date which is yet to come. Company while sending annual results ended March and quaterly results ended June to the stock exchanges did not include above information in the results nor auditors were informed about above notices so they did not mention it in their report.

If a shareholder brings the above information to the knowledge of stock exchanges what action they can take against the company.


sudhir ch. saha
29 August 2020 at 21:03

TDS even after submission of Form-15H

Sir,
SBI deducted TDS even after submission of Form-15H. After reporting Br. Manager of bank advised me to take refund through filing of Return . The FD was for five years and TDS was deducted for first two years. It has come to knowledge on maturity . Is it possible to claim refund of three years back and if not , where complaint can be lodged against bank for compensation for loss of interest . Then it will be an extra burden of cost for filing of return by Income-tax expert for consecutive two years.
with regards,
Sudhir saha


Rajinder Kapoor

Hello Sir

Can we adjust commission paid to the broker for selling our property from the capital gain and if yes, does it mean that broker should issue us the receipt for the commission paid to him ? Thanks





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