swasti
05 June 2020 at 13:43

Deferred Tax

A company is in manufacturing activity. During the year, the company has also undergone Research and Development activities with prior approval of DSIR. It has incurred certain capital as well as revenue expenditure on R & D activities and claims deduction u/s 35(2AB) in the computation.

Kindly advise whether this would lead to Deferred Tax Asset / Liability?


Suresh S. Tejwani
05 June 2020 at 12:53

REGARDING FILING OF FINAL RETURN.

SUPPOSE A PARTY WANTS TO CANCEL GST NUMBER AND WANTS TO FILE FINAL RETURN. BUT BEFORE THAT NUMBER IS ALREADY CANCELLED BY DEPARTMENT.

NOW, WE CAN DIRECTLY FILE FINAL RETURN OR WE HAVE TO REQUEST DEPARTMENT TO START NUMBER AND THAN TO DO CANCELLATION APPLICATION???


Shashank
05 June 2020 at 12:11

Vivad Se Vishwas Scheme

Sir/Madam,
One co-operative society has been assessed under section 143(3) and order was passed. Original Return was filed NIL and income was enhanced by AO. Order was passed wherein tax was charged along with interest. Now, credit of TDS was also provided in the order.
Let me brief
Demand Tax 2L
Interest 0.34L
Total Demand 2.34L
Less TDS 1.00L
Net Demand 1.34
Now, I want to ask the question is regarding the place where TDS credit can be availed in Schedule A or Part C of Vivad Se Viswash Scheme DTVSVS FORM 01. Kindly guide.


Kaartic Jeyaraman
05 June 2020 at 12:06

Extension of Time line regarding

Dear Sir,
Is the extension of time line for investments till 30th June 2020, will be applicable for 80 IA also ?


Pragati Sharma
05 June 2020 at 11:58

Import of Goods under GST_Urgent

Dear Experts,

I am preparing accounts for a firm which have made imports. Purchases made in May 2020 and payment will be made in July 2020
While recording the purchase in tally, the USD have to be converted into Indian rupee. Can you please suggest the link from which exchange rate to be taken for recording import transactions.


fakrudheen
05 June 2020 at 08:25

TDS Deduction

Dear sir,

I awarded an Independent residential home construction to a Pvt Ltd company , which amount around to Rs 2.5 crore, I am an Individual Taxpayer as per income tax, whether I liable to deduct TDS on every payment to the company

please advice me





Jaswinder singh
04 June 2020 at 23:20

E-way bill for job worker

Sir/madam,
Is e-way bill mandatory or not if supplier transfer inputs to job worker within state....not inter state?


Daya
04 June 2020 at 22:52

May i eligible for Gratuity.

My job is completed 31st may 2020 , 4 years and 10 months but management want to terminate my job in June 2020 any time . i want to know whether i eligible for Gratuity if my company terminate me in june 2020 itself . because my job is not completing 5 years . and also may i eligble for retrenchment compensation . My salary hold by the company for may 2020 .
My management reduced salary for each employee 50% for the month may onward. now on termination how much amount can i obtain on Retrenchment compensation and can i eligible for Gratuity.


Allaparthi Lakshmi
04 June 2020 at 20:57

Form 107

Sir, I completed my articalship on 22/03/2020 with excess leaves of 50 days for which I need to submit form 107. As the form is prefilled and counted from 23/03/2020 . my doubt is whether my excess leaves continuous from that date or date mentioned in stamp paper.
Due to lockdown I didn't purchased earlier.


Piyush Kapoor

A person created the website and integrated the third party app (paytm) to collect the payment. Now website is educational website whose turn over is less than 20 lac a year. Website offers mock test for CA, CPT, CSE, Bank, other government job exams or IIT NEET type mocks and E books. When ever student pays and buys the course it will be intellectual no hard copy is delivered.

Now person has opened this website from his study room in the rented residential apartment. So it will be difficult for NOC from owner.

Is GST registration necessary for him because it is educational website and turnover is less than 20 lac also less than 15% of the residential property is used in this case and no transfer of goods is taking place.





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