I have received intimation u/s 143(1) due to a mistake in the TAN number of deductor in TDS - the amount in 26AS matches but the TAN number was wrongly mentioned in my ITR2 return.
In the rectification, Should i upload a revised XML with all the schedules or only the TDS schedule
Sir i am Smit , my friend from USA wants to do FDI in india so which sector is good for investment in India? he wants to transfer 10MUS$ in my account but due to RBI monetary restriction his HSBC bank in USA have refuse to transfer his 10mUS$ in my account in S.B.I, so he created to my online account in his HSBC BANK USA , he transfer his 10MUS$ money from his HSBC bank regular account into My HSBC bank online account now his bank (HSBC) says that i will transfer this money from my online account at HSBC bank into my regular saving account in SBi through online way. So sir is this transaction is legal in India, as per Income tax laws and banking laws ,if it is legal what percentages of TAX will be levy on this transaction by Income tax department.?
Note- Sir i am Indian citizen not NRI and my friend is USA citizen)
We buy Wires for a Company and the UOM mentioned in Invoice is in meters, which (UOM in Meters) is duly recognized by GSTN.
We raise invoices of same product, in which we use Nos. (Numbers) as UOM (Again Nos. is also duly recognized).
Reason of doing so in ease of operation, as laborers and understand Nos. easily then meters, which they have to calculate?
Example by Product:
We buy a 90 Meter Coil of Wire, The company from whom we purchase shows the UOM as 90 meters sold to us, however we bill it to our client as 90 Meters Coil- 1 Nos. (we dont bill in meters, we show Nos. (Numbers)).
All the taxes which should be paid to Govt. are genuine even when billed in Nos.!
In GSTR1 we show Numbers in the HSN Section for said product.
My Query, Is doing this wrong from any perspective of GST Law? Experts, Kindly Enlighten!
Can I know what is the extended due date for the Income-tax TDS Return for the FY:2019-20 Q4 regarding the Lockdown.
Can anybody have the Notification of Extension of the due date.
Hello sir,
One society registered in 1998-99 hat time total members were 11 and started works to main streamline the rural, poor and deprived section of society. After 10 year responsible persons left and other members of society has dormant their most of activities. Now only 5 members are thinking to revive it and add some more active members. My query is - 1. What is provisions to revive the society because registration valid time period is not mentioned in certificate and
2. Minimum numbers of members required in a society to functional.
My humble thank in advance to reply.
I am a Sr Citizen using ITR-2 software utility for AY 2020-21 (FY 2019-20).
I only have two sources of Income...:
1) ...from Other sources: 582104
2) STCG (taxable at 15%): 110522
(after adjusting previous AY Carried Forward Loss ie STCL)
Deductions u/s VI-A: 154071
My Gross tax payable: 23899
I confused by Part B-TTI: 13) Interest and fee payable
d) Fee for default in furnishing return of income (section 234F): Rs 10,000/-
Section 234F is only applicable if filing after due date (usu 31st July of AY).
We're still in end-May.
Why is the ITR-2 utility applying Fee for Default in furnishing return!?
Is this an error in the utility?
If I accept this, my Refund is reduced by Rs 10,000.
Please advise!
Dear Expert
Kindly advise I am planning to buy a Plot in Bangalore but the owner of Plot is residing USA and he is not able to come to India hence, I am planning to register the plot through GPA.
Kindly advise in this regard
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