Anup Kumar Sena
19 November 2020 at 21:02

Different between CPF and EPF

Sir,
Please explain Different between CPF and EPF wich is best for employee and safe for fure of employee and its merits and demerits,please give pdf for my reference and future guidance


Hemkumar
19 November 2020 at 20:24

Applicability of section 44AD

DURING FY 2019-20 MY TURNOVER IS RS 1.28 CR, CAN I DECLARE PROFIT U/S 44AD AND AVOIDE TAX AUDIT ?? ( FOR FY 2017-18 & 2018-19 WE HAVE FILED ITR3)


Hemkumar
19 November 2020 at 20:19

Applicability of tax audit

My turnover is 1.70 cr., & my total receipts and payments are below 5% of total receipts & payments Whether Tax Audit Is applicable ??


Sai bharath Katakam

Dealers in Cement, Purchases Cement Bags at a higher Price and are insisted to sell at a Lower Price than the Purchase price per Bag.. and Incentives are Given by the company . My query is what is the treatment of accumulated ITC and GST impact on the Incentives Received as there are many type of incentives like target discounts, special incentives, gold discount etc,.


Chandrasekar.D
19 November 2020 at 19:04

Trust not registered under 12A

Dear Experts,
One of my client form trust under Trust Act but not yet registered with IT.Under trust he run an educational institution registered under Education Dept. Its annual receipts comes around 50K.
My query
1. If annual receipts below 1 Crore. this trust is exempted from IT
2. If it is true under which Sec.
3.File ITR 7 or others
4. When trust can file Form 10A
Please elaborate
Thanks


TARIQUE RIZVI
19 November 2020 at 18:37

FORM NUMBER FOR TCS

Respected Sir,

Which form number is issued for TCS Certificate.

FORM 16B is issued to whom and for what purpose, as I am badly confused on this issue.

Please guide me and oblige.



TARIQUE RIZVI
19 November 2020 at 18:02

TCS

Respected Sir,

Ours is a private limited company and we have purchased a truck from some private limited company as upon which the truck seller has deducted 1% TCS and the TCS is not reflecting in 26-AS. Please advise me what to do in such case. Can I claim in my income tax return. Which form for claiming TCS I should obtain from the truck seller.

Please guide me and oblige.


CHANDRAKALA
19 November 2020 at 17:39

Filling of form 3CD Clause 27(a)

while filling form 3CD is it required to fill the Clause 27(a) for GST input tax credit availed and utilized in the previous year??


CA Aditya Shah
19 November 2020 at 16:51

44ADA

Dear All,
A doctor has 9 Lakh Rupees business income and is showing income above the limit of 50% specified under 44ADA.

But for his personal purpose, he is maintaining books of accounts. He is showing a profit of Rs 6 lakhs which is above the minimum profit of Rs 4.5 Lakhs and hence is getting taxed more.

My query is, is It is a prudent practise to pay more tax ??


Sonal
19 November 2020 at 16:41

Depreciation as per Income tax Act

Hi All,

Car is registered in the name of the director of the Pvt.Ltd. Company. But Car is used exclusively for business purpose and shown in books of accounts of the company. can depreciation be charged under Income Tax Act under the name of the company?