PARAS CHHAJEDpro badge
29 March 2020 at 14:55

Sale of second hand vehicles

All are aware that Honourable Supreme Court has allowed to sell 10% of unsold vehicles within 10 days after corona lock-down ends and the dealers have to dispose 90% of unsold stock either by returning to the manufacturers for modification to the vehicle but the manufacturers are understood to have asked the dealers to get the vehicles billed to themselves and registered before 31st March 2020 in the dealers name and then sale the vehicles later as second hand vehicles. Please suggest treatment of such billing for GST. Thanks


seeta
29 March 2020 at 14:09

Interest to unsecured loan

If I have booked entry for interest to unsecured loan from relatives § friends on 31/03/2020 and will make the payment of interest in next month I.e April'20
It is allow as per income tax act or not?
last date for payment of tds for march'20?
Please reply


Kollipara Sundaraiah
29 March 2020 at 12:39

Tds applicable and accounting entries

Assess maintained a hospital .assess amount paid below persons.
1.commission paid to another doctors
2.commission paid to RMP persons.

Question:
1. Assess Commission paid amount on tds applicable or no.
2.how to pass on accounting entries.


CA Surya Sekar

Is it right time to invest in share market ??

Lot of correction in share market and it is highly volatile


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Why 80% of traders lose in intraday trading? Many of connected people lose lot of many in intraday trading. Very few got succeed in intraday trading.Why?


TARAK KUMAR ROY
29 March 2020 at 09:29

KVP MATURED BUT NOT DRAWN IN TIME

KVP PURCHASED ON 20.10.2010 OF RS.2000/- BUT NOT ENCASH ON THE DATE OF MATURITH ON 20.05.2019 DUE TO LOSS OF ORIGINAL CERTIFICATE. IN WHAT WAY IT WILL BE SHOW IN BALANCE SHEET FOR THE A.T. 2020-21?


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Derivative Trading :Which is better ? Nifty or bank nifty? (Trading in call and put options )


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Which company pays best dividend as compared to to rate of interest on fixed deposit??


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Is Indian Oil Corporation Limited is good company to invest for long term considering the present situation??


Anita

query-please reply--where price is unknown for inherited gold purchased before 1971, (mother received from her mother, mother-in-law and husband), we receive after mother passes away in 2019 and sell in say 2019, is the following working for tax amount on LTCG on inherited gold correct? Am ready to pay some amount for professional advice reg. the foll. queries-- 1) working-let us say an eg to tell if d working is correct--FMV as on 1st april 2001=4300 INR so let us say for 100gms working-- fmv 100gmsx4300 = 430000 -sale value-100gmsx3000 = 300000 = 130000x20% = 26000 +4% health&edu cess on 26000= 1040 tax payable =27040
pls replyALso, if i select category 300 (self assessment) in challan 280 for individual, then the assessment yr 2020-21 is not getting accepted, it says assessment yr ca not be greater than the financial yr. which category for a homemaker then must i select for payment of tax on inherited gold. can i consult you via email or phone by paying u a fee sir?





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