Pradeep Kumar Bikundiya

Respected sir, I got arrear in FY 2017-18 (Rs 230000) for FY 2015-16 and 2016-17, claimed relief u/s 89 also. Now in 2019-20 I again got arreaer for 2015-16,2016-17 and 2017-18. During filling 10e taxable income of 2017-18 should be reduced by arrear amount (Rs 230000) or not . I increased the taxable income of 2015-16 and 2016-17 by adding arraer amount. What to do with taxable income of 2017-18. If I deduct arrear amount slab change occurs to lower percentage. It will give me more tax relief. Please Suggest..


Arun Iyer
26 July 2020 at 15:56

Group Company Loan

Request you to kindly inform where should be grouped in the financial statement - if loan received group company as - "Inter Group Company Deposit" {ICD).

either should group under borrowing from bank - working capital loan and above said
Or
either should group under financial liabilities.


pradnya
26 July 2020 at 15:29

Exemption U/s 54

I have sold my house property on 29 march 2019 for 75,00,000 /-
I have invested in under-construction property agreement date was 02nd March 2018. Agreement value was 120,00,000/- Possession not yet recd till date.
For filing return of AY 19-20 - Can I claim exemption u/s 54 even though the agreement date is older than 1 year as it is under construction property.


Kollipara Sundaraiah
26 July 2020 at 15:11

Fd for joint account

Assess fixed deposit rs.15 lacs in bank.1st name Assess and 2nd name wife joint account.
Question:
Fd investment and Interest received treated in I.t. act.


Nikhil Sharma
26 July 2020 at 13:21

Tds deduction on interest inclusive

Dear Experts,
We have loan from NBFC,

since NBFC has debited processing Fee & other charges, pls clarify are we required to deduct tds on processing fee & other charges inclusive interest,

Thanks
Nikhil


Ajit Gelada

I mr A having turnover of 1.9CR filling return under section 44AD is audit applicable to me ?
But my reciepts from sale are totally in cash what shall be the applicability for audit under sec 44AB ????


pranab sarma
26 July 2020 at 12:23

Excess amount of TDS deducted

By mistake I have deducted TDS @ 10% u/s 194C which actually should be 1% . Now I am preparing TDS return where section and rate to be mentioned . Now what to do ? please suggest and thanks ..


Tarique ahmed

What adjustment is required for inter company owing between Investor and Associate?


suresh
26 July 2020 at 11:06

IT returns

FOR A SENIOR CITIZEN IF HE HAS INTEREST FROM SAVINGS BANK SHOULD THAT BE SHOWN AS INCOME FROM OTHER SOURCES. WILL HE BE ELIGIBLE FOR 80TTA EXEMPTION.

AN AMOUNT OF INR 9800/-CONTRIBUTION MADE U/S 80G TO RAMAKRISHNA MISSION .
IS THE FULL AMOUNT ELIGIBLE FOR DEDUCTION.




TARIQUE RIZVI
26 July 2020 at 10:37

Online filing of TDS Return

TAN : PNES40353F

Dear Friends

My TAN IS PNES40353F

I want to file online TDS Return on this TAN but it is not accepting. Is there anybody who can help me please. When I start logging it is responding that user id does not exist. Please help me. I can send fvu file to you if want to help me please.