Sir,

A trust, which has been registered in April 2019 and involved in social activities likes to apply for
80G exemption with the Income tax department for the donations it may receive in future.

We came to know that, preceding 3 years' IT return is essential to apply for 80G exemption. Is
it true ? And if so, is there any other alternative for this trust, which is merely a year old, to apply for this exemption.

Kindly advice.

With Regards.

sir, i have property registered with me and my son now i want to give on rent can i take rent in only my account and pls tale me what is the procedure of tds

Dear sir,
I need clarification on below points regarding notification from MSME regarding eligibility criteria based on turnover of the company.
1.How turnover of the company is calculated. is it based on previous year for running company.
2. if turnover of the company is less than 250 cr in previous financial year. whether company is termed as Medium enterpises ?
3. if company made 300 cr turnover in one of previous year. whether it will be termed as medium enterprises.
Kindly provide relevant rules regarding the same.

Respected Seniors,

I have purchased a plot of land on 10th July 2018 in joint name with my wife for Rs 12lacs , developed it and constructed shed on it for which we made an expenses of 14lacs. Now iam having a ready buyer for 35lacs who is ready to complete the deal within 15th July. My queries are:

I will be entitled for long term capital gain or not.

We both have contributed equally for all cost so what will be individual liability of tax.

Can I purchase 54ec bond to save my capital gain tax.

Awaiting an early solution to my query and thanks in advance.

Yours faithfully,

Yogesh Sheth

Dear All

We are a clearing & forwarder located in India. We received an Import shipment, from a foreign destination to Mumbai port. We have to bill Freight to overseas customer for which Liner has given an Invoice for freight without GST.

Please confirm :
As per rule whether is it mandatory that we have to bill with GST to Overseas customer?
We faces many difficulties due to billing GST in the said situation.

Thank you in advance.

If a person had equity shares in unlisted company in FY 18-19 and filled ITR3 but now these shares are sold in FY 19-20 . Can ITR 4 be filled in FY 19-20 as shares of unlisted co are sold?

Whether a trader can register itself under MSME Act - Udyog Aadhaar?
Will there be any legal implications if he register his Import Export business under service category.

Mr. X has earned professional income and getting his accounts audited u/s 44AB for the first time for AY 2020-21.

He had taken unsecured loan long back in his personal capacity and not for business / profession and paying interest on which no TDS was deducted as was not falling u/s 44AB previously. Does he need to deduct tax on personal loan or not? Please guide.

Can Any one plz help me with this. I have error while filling TDS return :-
Line No-3.
Record Type-Challan.
Statement Type-Regular.
Field Name-Total of Deposit Amount as per Challan/Transfer Voucher Number.
Challan Details Record Number-3.
Deductee/ Salary Detail No-NA
Error Code & Description-T-FV-3169 Sum of TDS/TCS-Interest Amount + TDS/TCS-Others(amount) + Fee Amount + Total Tax Deposit Amount as per deductee annexure is greater than Total of Deposit Amount as per 'Challan' / 'Transfer Voucher'.
I was already go through previous related query but still not resolved my errors can you help me out .... didn't find exact error....for TDS return quarter 4 2020.

Can Any one plz help me with this. I have error while filling TDS return :- Line No-3. Record Type-Challan. Statement Type-Regular. Field Name-Total of Deposit Amount as per Challan/Transfer Voucher Number. Challan Details Record Number-3. Deductee/ Salary Detail No-NA Error Code & Description-T-FV-3169 Sum of TDS/TCS-Interest Amount + TDS/TCS-Others(amount) + Fee Amount + Total Tax Deposit Amount as per deductee annexure is greater than Total of Deposit Amount as per 'Challan' / 'Transfer Voucher'.
I was already go through previous related query but still not resolved my errors can you help me out .... didn't find exact error....for TDS return quarter 4 2020.