A Govt school teacher, who is getting Family pension after death of his husband. Is this Family pension Income tax-exempted ?

If Person has paid tax for last three years, can return be revised and refund request can be made.

CAN A TRUST REGISTERED U/S 12A INVEST IN MUTUAL FUNDS AND SHARES? KINDLY GIVE REFERENCE TO LATEST LAW IN THIS REGARD. THANK YOU

Hello Friends,

A House is owned by me in mumbai. This House is given on rent and a housing loan is taken for this House.

House Rent Received during the Financial year 2018-19 is 175000 & Interest paid to Bank is 235000.

So, my query is what will be effect of such scenario.

How to show the Net Loss from Let Out Property ?

T & R
K P Bhanushali

DEAR SIR/MADAM,

PLEASE INFORMING TO PASS THE JOURNAL ENTRY & PAYMENT ENTRY FOR TALLY ERP9
*LATE FEE TDS INTEREST PAID *
ONLY PAYMENT ENTRY OR NOT.
JOURNAL ENTRY REQUIRED NECESSARY OR NOT. HOW CAN LEDGER TALLY BOTH.

Kindly guide as to whether TDS to be deducted when there are 2 buyers of a property , whose property value exceeds Rs.50 lacs but individually purchase price does not cross Rs.50 lacs.

Through oversight I opened wrong table of GSTR 3B. Instead of table 3.1 the eligible ITC was claimed in table 4 and the return is filed for Jan.'20.
This has created a wrong electronic credit. How do I correct this return or how do I amend in the next return ?-Pradip Shah

Dear Expert,
How can we pass Late interset tds journal entry

Dear Expert,

We are paying tds for godown rent an deducted @1% but we deduct it instead of 2 %
and the balance 1% we have refund it to customer

Can you please advise me how can we pass the journal entry to tally the tds and customer account

?

OUR COMPANY EMPLOYEE OFTENLY GOES TO ABROAD COUNTRY
AND WE PURCHASES FOREIGN CURRENCY.

CAN IN ABOVE CASE SELLER COLLECT TCS FROM BUYER -UNDER LRS SCHEME U/S 206c ( IG) (a) ( FOREIGN REMITTANCE THROUGH LIBERALISED REMITTANCE SCHEME

REGARDS
RAJKUMAR GUTTI

we are planning to launch a scheme based on sales volume where dealer gets gift based on their sales volume, we are able to take ITC on the gift purchased for particular scheme?