Dear Sir,

I forgot to taken into consideration the insurance premium paid for my wife amounting to Rs. 12,270 in my IT return for the FY 18-19. I have paid taxes for that period.

Please suggest is there any way of taken into the same in the FY 19-20. Or should I need to revised return. Because the present situation is very worst in terms of income and all.

Thank you,

Dependably yours

HELLO SIR,
I HAVE 9200000 TURNOVER AND I WOULD SHOW MY PROFIT ONLY 10000 , SO I GO THREW TAX AUDIT OR NOT?

Hello sir, I applied for GST registration dated 17.04.2020. and ARN number generated , but still today dated 25.05.2020 status is pending for processing.What can I do?

Dear Sirs,

We have taken a loan from NBFC. As the lending institutions have been permitted to allow a moratorium of three months due to COVID 19, our lender has amortised the interest payable for Mar20 to Jun20. The Interest portion is added to the outstanding loan amount.

My query is:
1. What accounting entry should be passed.
2. Whether TDS is applicable in Interest portion. The lender had added the total Interest to loan outstanding.

Kindly advice.

Please suggest now is this require to surrender Central Excise & Service Tax RC for closing of factory.

Thanks & regards,
Munisami.G

Hi All

Now government of India reduced PF from 12% to 10% for both employer and employee.

My question is 2% of employer and 2% of employee saving amount should be credited to employee bank account every month.

And another question is in our PF account 2% employer and 2% employee this 4% government will credit the PF account to become 24% means Indian Government helping us 4% for three months May, June and July 2020

Thanking you
Amruth Kumar

Hi All

My question is now from 13.5.2020 government has reduced TDS 25% on non-salaries for example : on Rent 10% TDS was there 200000x10%=20000/- now 25% reduction means 7.5% TDS is applicable so for new TDS deduction is 200000x7.5%=15000/- on rent. Please clarify.


Thanks & Regards.
Amruth Kumar

How to summarize the data given in Excel sheet below? I have also shown the manner in which data is required.

https://docs.google.com/spreadsheets/d/1T64Zc-QFPqhzPwpgZxIcje7Qzyb9vtf7h4ibaIDU65A/edit?usp=drivesdk

Dear Sir,

I had received a amount by NEFT on 23.01.2020 vide NEFT No. - N023200357680020 can you please help me from whom the Amount was issued to me and the persons Account Number and Branch Details please?

Awaiting for your reply

Regards
Pritesh Shah

No tds was deducted for some employees during the year 2019-20.

Is it necessary to show their computation of income in the tds return for the last quarter (Jan 20 to March 20) even when no tds was deducted?