P.SHANGAR
This Query has 1 replies

This Query has 1 replies

KIND ATTN. SIR

AN ASSESSEE IS HAVING INCOME FROM BUSINESS AND AS WELL AS RENTAL INCOME FROM RESIDENTIAL PROPERTY AND RENTAL INCOME FROM COMMERCIAL PROPERTY , WHICH HAS BEEN COVERED UNDER GST .KINDLY CLARIFY THE TREATMENT OF INCOME FROM COMMERCIAL PROPERTY UNDER INCOME TAX ACT,SINCE IT HAS BEEN SHOWN AS TAXABLE SUPPLY OF SERVICE UNDER GST.
THANK YOU SIR


Daya
This Query has 1 replies

This Query has 1 replies

08 February 2022 at 17:31

Instalment Due on 20th of that Month

Monthly Due EMI on 20th
In March 20th and April 20th Due EMI
My question is that in march 20th Booked EMI for Interest and calculate TDS also,
My question is that for 21st to 31st March in Closing Financial Year ( Like Prepaid Expenses) we have to also Book Expenses and TDS for Next Due in 20th April for 11 Days In Closing Financial Year.


CA Parul Saxena
This Query has 1 replies

This Query has 1 replies

08 February 2022 at 16:57

Urgent please CHEQUE ENQUIRY

I have deposited a cheque in Canara bank by giving all details on backside of the cheque now after 5 days cheque is not cleared as bank is saying their machine is not working..
Now if i wish to deposit the cheque in HDFC Bank account can i do the same? As the details of canara bank are already written on the backside can i cross the old one and write the new details of HDFC?


Amit kumar
This Query has 1 replies

This Query has 1 replies

Dear Team,

I had filed ITR 3 form on 31-Dec-2021 for AY 21-22 and message after login has been showing submitted but not showing while want to e verify and can't download so that sent hard copy of ITR V, tried from quick line but same result, tried from ATM then OTP doesn't generated to me. And I have no net banking. I have been chasing Income Tax customer care regular, mark grievance and mailed them to efilingwebmanager regarding the problem. But everything is failed and no solution provided by them. Please help me how can I verified my return. The Pan No. is BIEPS0389F and requesting to you please either share higher authority contact no./mail ID or any helpful way.


Peter Pamatthai
This Query has 7 replies

This Query has 7 replies

08 February 2022 at 13:16

Section 115BAC

Dear sir - Is it covered by Law that option to take benefit of section 115BAC can be exercised only if the Return is filed before due date? Pls exlain the situation where option is exercised by submitting Form 10IE before due date and subsequently Return is submitted belatedly - Thank you sir


muthusundar
This Query has 3 replies

This Query has 3 replies

08 February 2022 at 11:11

Section 269st cash recipt

Any individual who violates the provisions provided under section 269ST of income tax act by receiving in cash amount of Rs. 2 lakh or exceeding rs .2 lakhs shall be liable to pay a particular sum of amount as penalty for the violation.

Means ; can we receive Rs.2,00,000/- or 1,99,999/-


VARMA
This Query has 2 replies

This Query has 2 replies

07 February 2022 at 19:19

TDS ON Rent to local authority

Dear sir,
kindly advise, while paying rent under sec 194 I to panchayath, local authorities
what rate is applicable or if it is exempted - which documents to be collected, before payment


SUDHEEP M
This Query has 1 replies

This Query has 1 replies

Sir,

I am a normal customer and sold my old used ornaments to a jewelry shop for cash of Rs. 150000. Whether any TDS provision was applicable in respect of the said transactions from the view point of the jewelry shop. If yes under which section TDS to be deducted. Please clarify...


Rahul Singh
This Query has 4 replies

This Query has 4 replies

in my residential apartment tenant is depositing electricity and maintenance charges monthly 20000 something through cash in society association bank account. this will link to my pan card? because society accountant has my pan card? or there is no such facility and i will be okay?


raghavendra b
This Query has 2 replies

This Query has 2 replies

06 February 2022 at 20:51

UN SECURED LOAN FROM FRIEND

DEAR SIR,

ONE OF MY CLIENT RECEIVED RS 250000/- LOAN FROM HIS FRIEND BY SELF CHEQUE DATED 16.6.2020 FOR HIS BUSINESS PURPOSES. NOW HE HAD PAID TWO MONTH INTEREST FOR THE LOAN RATE OF INTEREST @ 2% RS 10000/- AND HE HAS PAID HIS LOAN AMOUNT RS 250000/- IN THE MONTH OF 20.8. 2020 THROUGH HIS BANK ACCOUNT. SO MY QUERY IS HOW TO TREAT THIS TRANSACTION IS BUSINESS PURPOSE BECAUSE HE HAS GIVEN BY SELF CHEQUE NOW HE HAS PAID BY HIS BANK ACCOUNT CAN I TREAT AS A UNSECURED LOAN FROM FRIENDS AND DEBIT INTEREST AS BUSINESS EXPENSES OR ANY OTHER SOLUTION FOR THIS TRANSACTION PLEASE GUIDE ME.

YOUR SUGGESTION MUCH NEEDED AND APPRECIABLE

REGARDS






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