I have 1 queries:
My employer has deposited 10% in NPS(S.80CCD(2d)). Can I also deposit 10% of my salary on my own in NPS and be eligible for deduction. THis is apart from Rs.50000 available u/s80CCD(1b)?
Thanks very much in advance for the information.
can longterm gain on sale of residential flat be used to purchase land to save tax??
Answer nowRESPECTED SIR,
FOR THE F.Y.2016-17 A.Y.2017-18 TRANSACTIONS COVERED U/S 40A 2 (b) WILL BE CONSIDERED OR NOT ?
PLEASE GUIDE ME
WITH REGARDS
I want to know the procedure to file application for condonation for delay in filing income tax return . whether application can be filed by mail .please send me the format of application
Answer nowI have forgotten to open capital gainn account on or before the due date of filling itr. I have not submitted ITR also till now. What can I do to get exemption from huge capital gain burden?
Answer nowAfter due date i.e 31st july in most of case but before submission of ITR ..can I open capital gain account scheme ? In this case I have not submitted ITR on or before due date?
Dear Sir/ Madam, Kindly tell me the complete procedure to know the Date of Birth of HUF , as one of my new client doesn't have it's date of formation. So I want to know the procedure to get that date. Plz assist me. Thank You
Answer nowHi
I am registered dealer under GST. I had paid Truck Freight as under.
A.Rs.700 to a unregistered goods transport agency on 7th July,2017.
B.Rs.4500 to a unregistered goods transport agency on 10th July,2017.
C.Rs.40500 to a registered goods transport agency on 15th July,2017.
All the above goods transport agency not charged any GST on the truck freight.Now on which of the above transactions;Should I Charge RCM(Reverse charge mechanism)
and how the accounting entries will be passed.Also whether can I claim Input credit of the above RCM;If yes how the accounting entries will be passed ?
What if, the turnover of business of Transporter exceeds Rs 1crore in FY (15-16)? Can we still adopt 44AE in such case and disclose income of Rs.7500per month per vehicle? Is there any requirement of audit in such case?
Answer now
Part B of Form 16