RESPECTED SIRS,

EMPLOYER IS PAYING SHARE OF EMPLOYEES ALSO ON ACCOUNT OF EPF, ESIC AND PROFESSIONAL TAX. IN OTHER WORDS EMPLOYEES ARE NOT GETTING DEDUCTED FROM THEIR SALARY AND THAT MUCH PORTION TOO EMPLOYER IS PAYING. CAN WE CLAIM THE SET-OFF OF THE SHARE OF EMPLOYEES PAID BY THE EMPLOYER INTO PROFIT & LOSS ACCOUNT.

A plot of land is owned by my father. My father expired before one month. Mother is alive. We are two brothers only and no sister. Before about 15 years, my father had sworn an Affidavit allowing my elder brother to construct a residential house on the said plot of land (While taking a Bank loan for constructing the house). And my elder brother constructed the house in which we are residing now. Bank loan has also been squared up. Does the said "Affidavit" by my father create any ownership right to my elder brother ?

Hello All
I want to know whether partial withdrawal by the assessee made during the year from PPF account is taxable or tax free? ` Withdrawal made after seventh year.
Regards

I am working in psu bank from last 7 years. I cleared my CA in 2012. Can I apply for fca.

RESPECTED SIR,
12% SHARE OF THE EPF OF THE EMPLOYEE IS ALSO BEING PAID BY THE COMPANY. WHETHER SET-OFF OF THAT MUCH AMOUNT IS ALLOWABLE INTO PROFIT&LOSS ACCOUNT OR SHALL BE ADDED BACK WHILE MAKING COMPUTATION OF INCOME

Dear sir/madam,
I have completed 1.5 years of my atricleship training. But now due high work load and ill behaviour of my principal and the management there, I want to take transfer. My manager is also allowing me for the same but on a condition that he will count 3 months as a leaves during a lockdown period saying that the benifit of lockdown period which ICAI has allowed is only for those articles who will not leave his firm and its his call to whome such benifit should be provided and to whom not.(jo ukhadna h ukhad lo, jitane hath pair marne h mar lo, tum mera kuch nai bighad sakte)
But I have done Work from Home for those whole days during lockdown (counting average daily working hours of 9) from 21st March 2020 to 8th june 2020 (the first lockdown was from 21march to 14th April, and thenafter NMC Nagpur Mahanagar Palika had continuously exted the period of lockdown say lockdown 1, 2.0, 3.0, 4.0 till 8th june, 2020)

Please help me out how should I handle this situation, is my principal is right whatever the power he is claiming?

Hi,

I have a query with respect to taxability of National Savings Scheme (NSS - 1987)
a) When is the incidence of tax liability for this? Is it only during withdrawal?
b) Whether the entire withdrawal amount will be taxed or (Withdrawal amount - Principal)?
c) Will TDS on withdrawal be deducted at 20% on entire corpus or only the cumulative interest component?
d) Whether during IT filing, the corpus has to be shown as income from other sources and tax applied as per slab rate normally? Is it correct?

Dear colleagues,
there was a land purchased in 2016. it was purchased out of loan and own contribution.
own contribution could not be debited to the land.
now in 2019, when it was sold, it was realised that land in books is at value lesser than purchase cost.
how can it be rectified in books of 2019-20?
plz reply soon

thanks

Jay traveled abroad on a business tour on 1 February 2019 and returned on 10 March 2019. He was provided 1000 EUR as a Daily allowance in his travel card. Jay spent 500 EUR abroad and remaining 500 EUR, he transferred in his Indian bank account on 15 July 2019. Is this 500 EUR taxable in FY 2019-20 or FY 2018-19? Please advise

Hello Experts,

In Feb20, i had made sale to SEZ party and filled GSTR1 as IGST, but payment of same invoice was made under SGST & CGST.

please suggest how to make correction.

P.N-April-June20 Qly GSTR1 & GSTR3B from May20 is yet to file.