Vinay Moghe
This Query has 1 replies

This Query has 1 replies

08 September 2021 at 10:27

TDS on Apprenticeship

Sir
Let me know TDS is applicable on Apprenticeship and also confirm TDS rate and limit


Alex Fernandes
This Query has 3 replies

This Query has 3 replies

08 September 2021 at 10:17

Deduction u/s. 54 on Long Term Capital Gain

My Friend sold one flat on 11/12/2020 for Rs. 8 lacs. It was purchased 5 years back for Rs. 4 lacs.
He purchased another flat on 24/12/2020 for Rs. 28 lacs. He took some home loan to buy this flat. He sold another flat on 28/05/2021 for Rs. 13 lacs. It was purchased 5 years back for Rs. 9 lacs.
My query is that whether he can claim deduction u/s. 54 in both financial years .i.e. FY 2020-21 as well as FY 2021-22.


Preeti
This Query has 3 replies

This Query has 3 replies

I have following incomes, please guide which ITR form to fill & how to avail 44AD benefit for sole trading income:
1.) Salary & profit share from partnership firm - 55 Lac
2.) Turnover of my Sole Proprietorship (all through electronic mode) - 40 Lac


R.Vedanaryanan
This Query has 2 replies

This Query has 2 replies

Exgratia payment made to an assessee in case of cessation of employment of a unit getting closed and there is no option for re employment due to age and technical expertise will tantamount to capital receipt and not taxable ?


Ravindran Subrahmanyam
This Query has 1 replies

This Query has 1 replies

07 September 2021 at 21:27

Company under closure

My company YOJITH HR Consulting Pvt Ltd is being processed for closure. The only stake holders are the two directors. GST has been cancelled in feb 2019. No transaction since 2019. ROC has STRIKE OFF the company. PAN / TAN : income tax deptt has confirmed that they have closed in their files, but tech team is yet to update their database. Can I stop ITR filing ?


Suraj
This Query has 3 replies

This Query has 3 replies

07 September 2021 at 21:22

Opting for Section 115BAC of Income Tax Act

Dear All,

My queries are as follows:
1) Mr A was a salaried person during FY 2020-21. He opts for new regime at the time filing the return for FY 2020-21. Therefore whatever deductions he claimed under old regime will not be available now. He is now supposed to file Form 10IE... right? when this form is required to file? Before or after the filing of IT return?

2) He left his job in March 2021 itself and has started new business. Then can he switch to old regime in FY 2021-22? and if yes, whether he is required to file form 10E when he files return for FY 2021-22??

Kindly guide me.

Regards,
Suraj


Mugdha
This Query has 4 replies

This Query has 4 replies

07 September 2021 at 18:18

DUE DATE

Dear Team,

what is income tax return filing date for the F.y 2020-21 (Non audit case - Domestic companies & Partnership firm)


Guest
This Query has 3 replies

This Query has 3 replies

07 September 2021 at 17:50

Exemption on ADB consultant remuneration

Is the remuneration received by consultants in India from Asian Development Bank subject to income tax.


Kollipara Sundaraiah
This Query has 3 replies

This Query has 3 replies

Sir,
It assess sales turnover rs:65 lacs sec 44ad profit declared 8 percent rs:5,20,000/ -
.but actual profit amount rs:7 lacs
Question:
Assess difference amount rs:1,80,000/-(rs:7 lacs -5,20,000/- ) treatment undisclosed income in it act.


mmrkrishna
This Query has 1 replies

This Query has 1 replies

Dear sir
Staff welfare expenses TDS applicable or not
Expenses will be food expenses and room rent electricity bill hospital expenses
how much limit for expenses cross applicable for TDS

Regards






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