SAMIR CHOWDHURY
This Query has 2 replies

This Query has 2 replies

10 July 2021 at 18:33

SFT-500

In my 26AS I find some SFT-005 transaction mentioned in part E. Is this transaction related to that done in a FY. Is this related to FD opened in the concerned FY only. Where from can I get the details of the aggregation as filed in my case by SBI. I have a joint a/c with my husband.
Regards,
Sanghita Chowdhury.


Kollipara Sundaraiah
This Query has 2 replies

This Query has 2 replies

Sir,
It female assess exchange of old gold jewellery value rs:3 lacs after purchase of New gold jewellery value rs:4 lacs.
Question:
Assess exchange of old gold jewellery after purchase of new gold jewellery capital gains applicable in it act.


RAKESH
This Query has 3 replies

This Query has 3 replies

09 July 2021 at 22:20

Premature withdrawl

sir,
someone invested in fd for 5 yrs and claim deduction u/s 8o c later on he premature of FD ,what is the head under which he is chargeable to tax after premature of FD,;




Shakthipro badge
This Query has 1 replies

This Query has 1 replies

09 July 2021 at 17:25

Trust Deed changes

Can a trust change some of the trustees by a supplementary deed as per the manner in the old Deed. Whether permission from the IT department is necessary or should we intimate them about the change in the trustee by supplementary deed.


Prasad Balakrishnan
This Query has 1 replies

This Query has 1 replies

A company commenced business on 01.02.2020. Prelimany expenses were incurred since that day. No IT return has been filed for the period AY 20-21. Now in FY20-21 the balances as on 31.03.2020 are carried forward and included for the period 01.04.2020 -31.03.2021. How to prepare the financial statements for the period 01.02.2020 to 31.03.2021 with repsect to IT returns and for Company ROC.


ANIL MATHUR
This Query has 1 replies

This Query has 1 replies

09 July 2021 at 14:56

TDS U/S 194Q on Advance Payment

Please advise for TDS u/s 194 Q for following transaction / condition :

1) TDS u/s 194Q (TDS on purchase) is applicable at the time of payment or credit which ever is earlier.
2) If TDS deducted on advance payment against purchase , the TDS will be deducted on full amount i.e. inclusive of GST .
3) If TDS deducted on credited basis , the TDS will be deducted on net amount i.e. the amount excluding GST.
4) Now my query is if partially payment made in advance and balance after received the material, what are effect of TDS u/s 194Q , how TDS amount calculated ?


RAMDEVA RAM JYANI
This Query has 1 replies

This Query has 1 replies

09 July 2021 at 11:42

TDS SHORT DIDUCTION

DEAR SIR
WE FILE TDS QUARTERLY STATEMENT 24Q FOR 2020-21 AND ONE OF EMPLOYEE SOME DEDUCTION BUT WE CANNOT SHOW IN CALCULATION, THEN TDS STATEMENT PROCESED WITH ERROR AND RISE DEMAND FOR SHORT DEDUCTION.
BUT ACTUALY THEY NOT ANY PAYABLE INCOME TAX
IN THIS CASE WHAT TO DO


UBEIDULLA
This Query has 11 replies

This Query has 11 replies

09 July 2021 at 11:09

Asst of salary earned abroad

An IT employee worked in Germany for four months during 2020-21 and worked in India for the remaining eight months. The employer issued salary certificate for the entire salary earned during the year. Can the employee claim exemption for the salary earned abroad?. He has already paid the taxes due in Germany.


Ashok Kumar DAWAR
This Query has 3 replies

This Query has 3 replies

09 July 2021 at 10:47

TDS on property refund

I filed IT return for AY 20-21 last year in form 1 and claimed TDS on sale of property.26AS did not show TDS credit at time of filing of return because bank might not have deposited in time.Now 26AS for AY 20. -21 shows TDS credit.But after tax assessment no refund was issued. How can I claim TDS?Which form for revised return and under which section?Thanks


Sunil Joshi
This Query has 9 replies

This Query has 9 replies

P&GS scheme pension as well as pension paid by employer is counted as salary income, hence std deduction can be claimed u/s 16(I). If for Jeevan Suraksha Pension scheme premium was paid by the employee (and not by the employer) while in service from his salary income, does the pension earned qualify for standard deduction? Also if employee himself pays premium after retirement towards this policy, he won't be able to claim it, am I right? Please give clear picture.






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