Assess new strated construction of commerical building in f.y.2019-2020
Some Construction expenses rs.5,00,000/- payment through on cash mode (10,000/- limit above per day)
Int paid bank loan rs.4,15,500/-
Question:
Assess construction expenses paid above 10,000 limit amount construction value including or excluded
Int paid to bank loan amount including construction value or business expenses .two expense transactions treatment in books under I.t. act.
Assess income from professional 40 lacs
Turnover of cement business 90 lacs
Assess I.t. return filed both sec 44ad and sec 44ada applicable.
Respected sir, I got arrear in FY 2017-18 (Rs 230000) for FY 2015-16 and 2016-17, claimed relief u/s 89 also. Now in 2019-20 I again got arreaer for 2015-16,2016-17 and 2017-18. During filling 10e taxable income of 2017-18 should be reduced by arrear amount (Rs 230000) or not . I increased the taxable income of 2015-16 and 2016-17 by adding arraer amount. What to do with taxable income of 2017-18. If I deduct arrear amount slab change occurs to lower percentage. It will give me more tax relief. Please Suggest..
Request you to kindly inform where should be grouped in the financial statement - if loan received group company as - "Inter Group Company Deposit" {ICD).
either should group under borrowing from bank - working capital loan and above said
Or
either should group under financial liabilities.
I have sold my house property on 29 march 2019 for 75,00,000 /-
I have invested in under-construction property agreement date was 02nd March 2018. Agreement value was 120,00,000/- Possession not yet recd till date.
For filing return of AY 19-20 - Can I claim exemption u/s 54 even though the agreement date is older than 1 year as it is under construction property.
I mr A having turnover of 1.9CR filling return under section 44AD is audit applicable to me ?
But my reciepts from sale are totally in cash what shall be the applicability for audit under sec 44AB ????
By mistake I have deducted TDS @ 10% u/s 194C which actually should be 1% . Now I am preparing TDS return where section and rate to be mentioned . Now what to do ? please suggest and thanks ..
What adjustment is required for inter company owing between Investor and Associate?
FOR A SENIOR CITIZEN IF HE HAS INTEREST FROM SAVINGS BANK SHOULD THAT BE SHOWN AS INCOME FROM OTHER SOURCES. WILL HE BE ELIGIBLE FOR 80TTA EXEMPTION.
AN AMOUNT OF INR 9800/-CONTRIBUTION MADE U/S 80G TO RAMAKRISHNA MISSION .
IS THE FULL AMOUNT ELIGIBLE FOR DEDUCTION.
TAN : PNES40353F
Dear Friends
My TAN IS PNES40353F
I want to file online TDS Return on this TAN but it is not accepting. Is there anybody who can help me please. When I start logging it is responding that user id does not exist. Please help me. I can send fvu file to you if want to help me please.
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Int paid to bank and pay above 10,000/- expenses