Ravindra
10 May 2020 at 14:03

Section 192A of Income Tax Act

I worked in a company for three years from 2016 to 2019 and as I attained 60 years, as per company policy they retired me. After this I applied for final withdrawal of PF from EPFO. I got the withdrawal amount, however they deducted Income Tax at 10% (TDS). Here my query is my service was only 3 years and due to my age I was not able to complete minimum age of 5 years and company as per the policy retired me. In this case can I claim refund of IT deducted. If so, under which section.

Thanks in advance


ArpanGoenka

Our Hon. FM have announced of increasing threshold limit for auditing for msme from 1cr to 5 cr. We are unable to get official notification. Pls give link. my email id arpangoenka@gmail.com


Abhishek Jain
09 May 2020 at 21:17

Input Credit Balance

Dear Sir ,

As i discharged gst liabilty till march 2020 as per gst rules but lots of party submit bill in the month of april to june for last year as in next year i want to change my business line from earlier line so can i still claim input credit against output liabilty of new line business as i already paid output liabilty.


Abhishek Jain
09 May 2020 at 21:13

Prop to Pvt Ltd Business Trasfer

Dear Sir


i want to know about the various provisions applicable under various statutes when the running sole proprietorship business is taken over by a EXISTING PRIVATE COMPANY WHERE THE DIRECTOR OF THE COMPANY IS THE PROPRIETOR OF THE BUSINESS WHICH IS BEING TAKENOVER. I ALSO WANT TO KNOW ABOUT THE MANNER OF DISCHARGING THE PURCHASE CONSIDERATION WHETHER THROUGH SHARES OR THROUGH CASH. AND IS THERE ANY CONDITION OR LEGAL REQUIREMENT ON SHARES ISSUED BY THE COMPANY. AND WHAT KIND OF RESOLUTION REQUIRED FOR THIS PURPOSE AND WHETHER IT IS REQUIRED TO INTIMATE ROC? PLZ REPLY SOON ITS URGENT.THANKS IN ADVANCE.


Karaoke n piano Bhandarkar

Sir,
My Mother has One Residential Premises at chawl in Mumbai which was Purchased in the year 1970. In the Month of December 2019 Tenancy rights of residential House has been sold and Rs.30 Lacs has been received From Person who Purchased Tenancy rights of such House and 10% of Consideration has been paid to Landlord and Surrender Tenancy Rights . My Mother is 79 Years Old and Such Consideration received has Kept in Bank now Before Completion of Six Month from the date of sale of Tenancy rights is Long Term Capital Gain is Applicable and Is Any Tax Saving investment to Save the tax is Applicable for Sale of Tenancy Rights
Can You advice Better so that in Future there should not be any hasslement
please guide me and advice accordingly
thanks
Santosh Bhandarkar
9820056302
Email :- sanvas31@gmail.com


Kollipara Sundaraiah

Any gst registered dealer gst input tax claim and output tax claim and gst tax paid and late fees and Interest paid ledgers create under groups heads.


Shan
09 May 2020 at 14:47

Sales shown in wrong head

Hello,
*I have not shown nil/exempted sales separately in GSTR3b.
*GSTR1 has been filed with correct data.
*That means from total sales the figures for Nil/exempt sales which i had to report separately in GSTR3B return i have added up the figure with taxable sales.
*There is no issue of tax payments, as taxes are calculated and paid correctly.

My question is do i need to anything else to rectify this mistake.


Thanking You


Shobhit Jain
09 May 2020 at 13:38

TDS Return

I have lost the token number of the previous TDS return?
How to get the same as same needs to be entered in current TDS return?


Sunil
09 May 2020 at 12:38

TDS on sale of property

I want ask about tds on sale of property we have deposited tds on sale of property in march, 2020 but regisrty of house has not been done in march, 2020 due to covid-19. In the above situation tds can be refunded to buyer after any rectification.


K BHEEMA REDDY
09 May 2020 at 11:43

ESI

Dear sir/Madam,
I Have one doubt regarding ESI applicability.
In our organisation Some of employees Gross wages is Exact Rs 21000/-.whether we have to deduct ESI @0.75% or not.

ESI is applicable upto 20999 or 21000..?


Thanks in advance.
Regards,
Bheema Reddy.






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