Assess cash gift from daughter Rs:20 lacs through on bank mode received.
Question:
Gift amount tax applicable or exempted in I.t. act.

Can audit report on standalone and consolidated financial statements be signed on different date??

Please someone guide me. I need answer on urgent basis.

I have already filed GSTR 3B upto April,2020 . But during FY 2019-20, many purchases were left to be shown and input not claimed. Whether I can show these purchases in GSTR 3B of May,2020 ?

1) partnership firm having t/o. aprox. 10,50,000/-
Net Loss : 12500/-
Tax audit is required?

2)Partnership having t/o. NIL as it is newly startup,
Net loss aprox. 250/- because of bank charges tec.
Tax audit required?

Respected Sirs regards to all of you I shall be highly obliged should you kindly please guide me
One of my clients is a pvt ltd company. Can we file ITR-6 under 44-AD presumption scheme ?

Good Afternoon All,

We have sold and land for 8.75 , 1.25 less than the amount booked and received in cash.

How to book the transaction .

Shld we show loss on sale of land or how.

Respected Sir,

I shall be highly obliged to you, should you kindly guide me on this issue.

On Saturday night 10-10-20 we have paid tds on wrong tan Inadvertently.

Whether can be transferred on correct tan ? Please let me know the procedure.

Dear Experts

Pl explain simple step to collect TCS on GST Sales.

Whether TDS needs to be deducted on amount paid to a Firm run by a NRI director for the services provided by him outside india ,for and on behalf of the company for business development
Other Details are :
1. The amount is a recurring monthly payment for expenses like travelling, office space, training, managing & supervision. Can it be treated as Consultancy charges ?
2. Indian Company have an office abroad and expenses are related to this office.

Beside my regular business of trading of Machinery parts turnover for Rs.80 Lacs. I also done share trading business (Intra day/speculative) for Rs.1.60 Lacs (Total of Plus & Minus figures) and delivery based (short term) business for 26 Lacs.

Kindly advise what will be my business turnover for the purpose of computing Income u/s 44AD of Income Tax.

Can I show delivery based share income as short term capital gain.