I find many resolutions to the same query from different Experts. finally, I get very confused, and as such my query becomes lengthy in my mind creating more questions. some answers are contradictory to each other, therefore, I request CAClub should rate the queries, so we know which is the correct one.
My son had an FD in Indian bank. son is working in USA.
This year he declared himself NRI in July 2020. prior to this, he got his account in a nationalized bank converted from regular to NRO in June 2020. Prior to conversion in Jan20, he closed an FD for Rs.154154/- and withdrew the cash and deposited to my account and I started an FD for the same amount. Can my son give me his money as gift without any tax implication?
Sir
I want to know that i had tution income which is 3 lac in year approx. Can i file itr under section 44 ad under business code 17006
dear sir, seller supply me goods without goods and some goods item taxable but mentioned in bill exempted.and officer detain the truck in transit and imposed 50%cgst+50sgst of goods cost under section 129.please advice me is it possible to impose 100 tax
with thanks
QUESTION WAS ASKED FOR THE F.Y. 2019-20 AND NOT F.Y. 2020-21. DIVIDEND EARNING SHOWS IN NSDL CAS BUT THE AMOUNT NOT RECEIVED IN CASH. WILL THE AMOUNT TO BE TAKEN IN MY TOTAL INCOME OR THE AMOUNT TO BE SHOWN AS EXEMPTED INCOME IN ITR FOR REPORTING PURPOSE ONLY?
A non blood related party (40yr tenancy) had illegally occupied 19 acres of land. Court Case went on for almost 16 years..now both parties want to compromise in Which the legal owner is parting of 9 acres of land to the other party through court registered compromise decree and selling the remaining 10 acres through sale deed
What's is the taxablility of land given through compromise decree (owner not getting any money)
Some one has submitted his return for the Financial Year 2018-19 but e-verified after due date so it has been pending for verification till date. Consequentially the return not processed till date, now can he submit a revised return in this case . If he can then the question is that can he enhance his Total Income and as well as his gross turnover of his business and pay tax at this time ?
Company "C" is situated in SEZ and we "A" are providing man power services to it. We have hired bus of "B" for our labour transportation from their point to the Unit. Company pays man power service charges along with monthly bus fare to us and we pay to "B". Whether GST attracted here ? Who is liable for d same?
One of my Clint who is file in Assessment Year 2018-19 is u/s 44 ada but its income is Commission Based so what can i do for Assessment Year 2019-20. ITR 4 Or ITR 3. Which ITR is applicable for this.
6 days Certification Course on GST Practical Return Filing Process
Genuineness of answers