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Shivam Jadhav
This Query has 1 replies

This Query has 1 replies

06 May 2024 at 14:54

Save tax on Personal loan

I have taken a personal for house construction can I save my tax by showing the interest that I am paying?


Ankur Aggarwal
This Query has 4 replies

This Query has 4 replies

Hi,
I am trying to make my personal balance sheet. I deposited 1,50,000 Rs. in PPF.
Now will this amount show where :
1. Drawings on Liabilities side as well as on Current Assets side.
2. Only on Current Assets side.

Similarly what will be the treatment for LIC Premium.
I have salary income.


Patruni Murty
This Query has 1 replies

This Query has 1 replies

05 May 2024 at 18:43

HUF inheritance

When Karta of HUF expires and when there are no other members in the HUF., who will get the assets of the HUF


Anand Prakash Garg
This Query has 3 replies

This Query has 3 replies

Till now, I used to follow old tax regime income tax slab.

For Fy2024-25, I would like to switch to New régime income tax slab.
Is new tax régime allows U/S 80 C dedution for LIPs, ELSS MF etc.


KV Venkateswaran
This Query has 1 replies

This Query has 1 replies

I worked as an IT consultant and TDS was deducted on the consultancy fees and the TDS certificate was issued to me.

The net of TDS consultancy fees was not paid to me and therefore I filed a suit in 2011.
In 2024 February the matter was partly settled by the court after 13 years.

The court fees was also received and interest received at 6 % on the settled arrears.
1. Under which section should I report this and get tax exemption,since TDS is aready paid and filed by me.
2.How do I show this amount which is received in the current financial year but is for fy 2008-09
and TDS deducted and tax returns filed by me. I have spent amounts on legal charges and other expenses on several visits to the court. Can I claim these expenses ?


Mahabir Prasad Agarwal
This Query has 1 replies

This Query has 1 replies

04 May 2024 at 15:24

Updated ITR and Aadhar No.

If a person does not has Aadhar No., can he file update Return ?


MAKARAND DAMLE
This Query has 1 replies

This Query has 1 replies

04 May 2024 at 12:29

Multiple Registration

A private limited company is giving logistics services to clients. It gives services such as transportation with gst rate @ 12%, ocean freight gst rate @ 5% and other services @ 18%

My question is
Can they have multiple registration with same address for different services provided and raise invoices at applicable gst rates ?

whether these services will be clubbed as bundle of services and highest gst rate will be applicable for all services ?


kollipara sundaraiah
This Query has 5 replies

This Query has 5 replies

Sir,
Sec 44ada provision itr filed person books of accounts maintained mandatory or exempt.


muthusundar
This Query has 1 replies

This Query has 1 replies

The Sales ledger field will not appear below the Party A/c name field when: The transaction is recorded with voucher class in the accounting invoice mode. The option Select common Ledger Account for Item Allocation is disabled in sales Voucher Configuration screen.


Sashikant Chaudhury
This Query has 2 replies

This Query has 2 replies

04 May 2024 at 06:54

Determination of Share Price

If an individual shareholder of a company transfers its holdings to another individual, will it require a valuation to determine the price of shares? If so, can only a registered valuer perform this valuation, or can an independent CA practitioner with over 10 years of practice also do so? Assume company is private limited company.