Vaneet Monga
05 April 2020 at 16:28

TDS on Fixed deposit

Sir, I have made Fixed deposit in Punjab and Sind bank for the period of I year approximately interested Rs. 15400
Please suggest can we need to submit 15 G in Bank.


Pragna Marfatia
05 April 2020 at 16:01

TDS form 16

Is there any extention in date for submitting Form 16 by the employer for TDS dedction?
I have to cut TDS for first time for FY 2020 2021.
I understand, for employees, whom I am paying more than Ra. 5 lacs per annum, I have to deduct TDS.
Please guide.


Vipul Mehta
05 April 2020 at 12:42

Capital gain Tax

Dear sir,
I sold flat-A and Rs.200000 invested in capital gain fixed deposit scheme with Central bank of India in 2013 (As advised by CA). At that time I was paying money to under construction Flat-B which I bought before (This purchase mentioned in Annual Return). But I did not set off capital gain of Flat-A against Flat-B till this date.At present purchase agreement of Flat B is pending for registration. Now my question is,
1. Can I set off this capital gain against Flat-B in current year ?
2. How can I close the capital gain Fix deposit at Central Bank of India?
Request you to guide for this matter.


tarun saini
04 April 2020 at 23:39

Donation for PM Care fund

I have donated some amount for PM care fund from my bank account. I do not file Income tax return because my income is less than 2.5 lacs.
Can my mother claim deduction for the donation ? Is there any way out?


bonnie
04 April 2020 at 19:42

Issue company share certification

the company after incorporate, and the shareholder put the money into company bank account.
is the share certification prepared by company? and company sealed and director signed on it will be enough?
how to prove the share certification is true? is some where could found in gov website?
after paid the stamp duty on issue share, is the gov will delivery share certification?


bonnie

is the company income tax paid yearly or monthly?
like the TDS had cut, is that still need to pay 30% income tax?
is income tax rate will be different for different type of company?
is startup have benefit on income tax


bonnie
04 April 2020 at 19:37

The director's spend

the director go travel for company, he have some spend on food and taxi
and only give the bill and taxi bill, the bill did not return the company name and director's name, but the company had transferred the money to the director, is this need to be put into company audit report?


Ďìłíp
04 April 2020 at 18:26

Input tax credit


Mr. C a registered taxable person, was paying tax at composition scheme upto 30th July. However, w.e.f. 31st
July, Mr. C becomes liable to pay tax under regular scheme.
Other information:
(a) Input as on 30th July for ` 3,54,000 (inclusive of GST paid @18%).
(b) Capital goods purchased for ` 5,00,000 (invoice date 22nd April 2017, GST 18%)
Find the eligible ITC to Mr. C.
Note: Mr. C not availed depreciation on the GST paid on capital goods.
Answer:
ITC allowed on inputs = ` 54,000
ITC allowed on capital goods
ITC on capital gods = 90,000
Less: 5% p.q = - 4,500 = ` 85,500 (` 90,000 x 5% x 1)
Total ITC allowed to Mr. C as on 31st July= `1,39,500

My question is here how its 1 quater for use of capital goods.
It is to 2 quaters right.


jayesh
04 April 2020 at 17:54

Forb 26QB

WHEN THERE ARE 2 BUYERS AND ONE SELLER AND 3 INSTL...HOW MANY FORM 26QB to be submitted..
pl guide.


Vaneet Monga
04 April 2020 at 16:10

15 H form.in bank

Sir, I have two FDR in bank. I need to filed the 15 H form in bank to non deduction of TDS but as you know that curfew is going on so please provide your advice in how we can save tax
Thank you