Hello All,
I have a question on TDS, appreciate your clarification. We have deducted TDS from Supplier's invoices focr previous year's ie. for FY 2018-19 TDS paid in FY 2019-20. Assuming that the Supplier has already filed his IT Returns for FY 2018-19 and paid the required Tax, can I submit a claim for refund of the TDS that was paid? Please explain the process to be followed.
Regards

Dear Sir,
If a property costs Rs. 1.00 Crore, but it has 5 five Partners having the share of Rs. 20.00 Lacs Each. And the property has no partition. In this case how one could deduct TDS on Property U/s 194IA @ 1% (0.75% - As Per Covid-19 Rule).

In this case TDS will deductible or Not??

Note : Property will purchase through single registry.

Reftelcon,please note that nature of my business is as below:-
1. I am in regular contact with Shipyards overseas for providing technical consultation
with regard to repairs of the ships in their shipyard.
2. I forward the repair specifications of ShipOwners or receive repair specifications
from the shipard for repairs of a vessel.
3. I study the repair specifications thoroughly and provide technical services to the shipyard on the basis of which shipard submits quotations to the Owners.
4. In case the shipyard is allotted the vessel for repairs for which I have provided technical
services, shipyard pays me for providing such technical services.
5. The payment is received by me as inward remittance through Banking channels.

Dear Experts,
Do a Gaushala (Registered under Societies act) in Uttar Pradesh is required to undergo an audit. What is the threshold of audit for a society. Is there any special exemption for Gaushala (Cowshed) related society.

Thanks in Advance

Correct ITC to be Reversed- SGST-48,287/- CGST-48,287/-
Actual ITC Reversed- IGST-48,287/- CGST-48,287/-
ITC Reversed under wrong head i.e IGST instead of Correct Head SGST.

How can i take back the wrongly reversed ITC ?

Any I.t. Assess(male and female) jewellery (gold and silver)hold limit present under I.t. act.

Hi All,

Please provide Audit & Nomination and Remuneration Committee meeting Minutes in Word Format as per Companies Act,2013. Please help me .

Thanks

Respected Members,

A partnership firm has two partners which owns some landed property. One of the two partners passed away.

Question :
1. Who becomes the owner of the landed property?

2. Does it become joint property of 1st deceased partner's family & 2nd partner and accordingly will these names be mutated in land records?

3. Does it become sole properietorship of 2nd partner i.e he becomes the sole owner of the property?

Contradictory views :

1. Local experts have given contradictory views.

2. I read the view of the Supreme court in a judgement of 2016? that the partnership automatically dissolves even if there is clause to the contrary (In this partnership also there was a clause that the partnership shall not dissolve on death of a partner).

I would be very thankful for your valued reply.

Hello All Experts and CA's
I am Sanjay and want your advise.
I have invested in perpetual bonds in Sept 2019 for Rs.300000. The company give me interest for Rs.31500/- for the whole year in march 2020. My question is " what will be the amount of interest taxable in my hands"? Is it 31500/- or 15447/-...... Pl confirm .
What will the taxability if I sell the bonds after 2 years?
Pl advise.
Regards

Hi,
I have bought a property in August 2019. And started payment of Home loan from September 2019.
The property was under construction at that time. I have received the Completion certificate on 15th May 2020.
Interest paid from September 2019 to March 2020 = 2,84,000
Provisional Interest amount from April 2020 to March 2021 = 4,83,000

I would like to know:
1. Will I be able to get exemption for the Pre-construction amount paid from September 2019 to March 2020 while filing the Income tax for financial year 2019 - 2020?
If YES, is it beneficial to claim the whole amount at once as I found that it can be used for exemption in 5 separate installments?
2. Also, will I be able to claim the Stamp Duty/Registration charges in Income tax filed against financial year 2019 - 2020?

Please guide me.

Thanks