CMA Omkar.TIlve

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)


TUSHAR KANTI BHATTACHARYA
02 August 2020 at 08:10

Revised Return

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 ?


Aksha Shetty
01 August 2020 at 23:21

GST - SEZ -Sub Contract

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?


Keshav Kumar
01 August 2020 at 21:31

Income tax

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.


Kollipara Sundaraiah
01 August 2020 at 20:56

Section 44ad eligible

Assess interest income from money lending rs.6 lacs
2.income from job work charges and repairs charges 2 lacs
Assess i.t . return filed section 44 ad applicable.


VISHAL PAGHADAL
01 August 2020 at 19:24

TDS PAYMENT UNDER WRONG DESCRIPTION

SIR,

I HAVE PAID TDS OF OUR FIRM FOR THE MONTH OF JULY-2020 ON 01ST AUGUST 2020.

BY MISTAKE I FORGOT TO ENTER AMOUNT IN BASIC TAX COLUMN AND CHALLAN 281 GENERATED BUT THE MOUNT SHOW IN FEE UNDER SEC.234E.

SO SHOULD I CLAIM SUCH AMOUNT WHILE FILING QTRLY RETURN..??

THANKING YOU..


Sanjay Shiwankar
01 August 2020 at 18:17

Opening bank account

I am running private institute under welfare society which is registered under societies registration act,and is having pan card of society.now If I have to open bank account of institute, bank will be asking for pan card.which pan card I have to submit, societies pan card ?. Kindly help.how to solve issue.


CHANDRASEKARAN
01 August 2020 at 18:12

Deductions under chapter VI A

Sir, Is there any deduction available for medical bills-expenditure for the AY 2020-21 ? I AM A SALARIED EMPLOYEE in a private sector organisation having income more than 5,00,000/- after deducting 80C deduction. Kindly clarify


Kollipara Sundaraiah

Gst registered dealer purchase invoice shown in gstr2a.but original or duplicate invoice copy missing.vendor not issued triplicate invoice copy.
Question:
Dealer missing invoice input taken on photocopy or scan copy accepted under gst act.


HEMLATA SHARMA
01 August 2020 at 15:02

Section 44AD

sir,
A Proprietorship firm is doing business in debt collection service from defaulter customers of finance companies. Firm gets commission from such finance companies as income. Does the proprietorship firm fall under section 44AD, is Form ITR 3 applicable for it?