Dear Sir
My wife availed housing loan in her sole name and o/s is around Rs 35 Lacs. if I repay entire loan from my superannuation fund, will it be taxable to me or my wife.

1.composite scheme registered sales of goods turnover Rs.60 lacs and service turnover Rs.5 lacs
2. Composite scheme registered service turnover Rs.40 lacs and sales of goods turnover Rs.5 lacs.
Above two transactions composite dealer tax applicable rate 1 %or 6%.

Hi,

While we appreciate the Finance Ministry's move to extend the date for making various investment/payment for claiming deduction under Chapter-VIA-B of IT Act to 30 June 2020, however, would like to understand in which period will a tax payer be able to claim the deduction for annual recurring payments of such investment made this year post March 2020 (but before 30 June 2020).

E.g. A person purchases a life insurance on 25 May 2020, whose premiums shall be due on 25 May of every year. Such tax payer will be able to claim deduction for the insurance premium payment in FY 2019-20. However, how will he/ she be able to claim the deduction for FY 2020-21, since premium will be due and be paid on 25 May 2021 (FY 2021-22)?

BANK HAS DEDUCTED GST ON FEE PAID TO US, HOW IT CAN BE VERIFIED?

If shares split into two each in FY 2019-20 what will be the FMR for calculating LTCG as there was only one share on 31/01/2018.

ex. If HDFC shares split in FY 2019-20
I have 100 shares which were purchased in 2017. What will be the FMR od Shrars if i sell 50 of them in FY 2020-21?

thank you

I.t. assess interest payment and received on un secured loans and cash debtors for minimum rate of interest in I.t. act.

If person carrying out business of supply of bislery water . And he has purchased vehicle for transportation goods in name of the company and paid gst. then query is that Can he claim this purchased vehicle full 100 % ITC at one time in gstr-3b?

Dear sir,
In proprietorship, In which account should be recorded in the profit on sale of building. Under capital account or it will treat as indirect income.

Dear sir

My net sale is Rs 55.00 lac
Net profit Rs 5.40 Lac after taking the credit notes issued by suppliers under various sale promotional scheme and cash discount of Rs 3.85 Lac in profit and loss account.

Can i am eligible to file ITR U/s 44AD

Thanks

Son in law is receiving gift from his in laws after marriage.
Whether son-in-law is considered as an relative in Income Tax Act?
Is such gift taxable in hands of son in law?