The assessee has purchased an immovable property for Rs.1.36 crore on 2nd July 2020 which was owned by 14 persons jointly. The assessee deducted tax u/s 194IA @0.75%. Please advise whether separate returns in Form 26QB for all 14 sellers and separate challan payment will be mandatory ? If the assessee is allotted TAN then can he file the return in For 26Q within 1 month from end of quarter, or he shall have to compulsorily file Form 26QB only within 30 days from end of the month in which TDS was made i.e. by 30th August 2020. Please advise. Thanks

for f.y. 2019-20, from salary can we claim HRA & other deduction other than claiming standard deduction 50000/- allowed i had taken 56000 hra plus other allowance & 50000 std deduction is it valid

Dear sir
i want to know is there composition scheme is applicable to cheroots business? turnover exemption is applicable?.

Can we Set off Long Term Capital loss incurred in India against Long Term Capital Gain arised in the US in case of a Resident in India ? Are there any restrictions to this set off w.r.t DTAA between India and the US?

DEAR SIR / MAM

I DOING AGRICULTURAL PRODUCT BUYING AND SELLING BUSINESS, AND ALSO WORK IN PRIVATE COMPANY, I HAVE NOT ELIGIBLE FOR INCOME TAX FOR SALARIES BASIS, BUT AGRICULTURAL BUSINESS INCOME HOW TO SHOW THE RETURN,

NOTE : I AM ONLY INTERMEDIATOR. ( ( AGRICULTURAL PRODUCTS MANUFACTURER > I AM BUYING > SALE TO TENDERS ) IF SOME TIMES GET PROFIT SOME TIMES GOES TO LOSS ))

IF A UNLISTED LIMITED COMPANY CONVERTS HAVING TURNOVER OF RS 3.00 CR INTO LLP THEN WILL THERE BE CAPITAL GAIN LIABILITY ON ASSET HELD BY COMPANY( LAND AND BUILDING) . COMPANY IS CLAIMING DEPRECIATION ON BUILDING.PLEASE GUIDE. THANKS

IF A UNLISTED PUBLIC COMPANY CONVERTS INTO PRIVATE LIMITED COMPANY THEN WILL BE IMPLICATION OF CAPITAL GAIN ON THE ASSET ( LAND AND BUILDING HELD BY THE COMPANY. COMPANY IS CLAIMING DEPRECIATION ON BUILDING .PLEASE GUIDE .THANKS

Sir/Mam,

Export sales invoice date : 28-07-2020 but Shipping Bill Dated: 03-08-2020, I have to filed GSTR1 for the month July 2020 before due date, which date i want to considered invoice date or shippping bill date .

Invoice date taken i have to file in July GSTR1, But shipping date taken August GSTR1

Please kindly suggest which date and month to file gstr1.

Thanking you,

Dear Sir / Madam,

I have seen many times that in normal Income tax cases except tax audit or normal small cases or for cases where ca certification/sign is not mandatory in those cases
tax practisioners / tax consultant has just signed the returns,
my query is PCS can those return for Returns where the tax audit is required, if he can sign, then UDIN is required or not, please guide me.

Brother (Builder/Construction business) gift one of the flat to his sister.

please help with Tax and GST implication on both brother and sister.

as per me, no Income tax in the hands of sister as its a gift. what about GST?

its a Stock for brother and hence how it will be treated in books of accounts and income Tax?

as per schedule 1, GST is applicable on supply to a relative without consideration so will he collect GST from sister?