CA Final/Inter Fast track classes available for May 20 attempt. Call: 1800-3000-0505

07 April 2020 at 20:04

Regarding 80c query

Dear members,
I am a salaried person and want to know that only the investment made through my salary aacont is eligible for deduction?
Suppose if I have a other bank account in which I have some saving amount lying and I purchase nsc worth Rs.50000 by debiting this accout,will that be eligible for deduction?

07 April 2020 at 14:35

Dividend distribution tax interest

Dear sir,

I have tfd to shareholder to 19 lac to two shareholder according to income ddt tax rs.390551/- in corporate company dividend declare dtd as per resolution 12 March 2020 how much the interest amt till dated on 14 th April 2020 after lockdown finish according to 1 % interest will be waiver or not and how much amt of interest will be paid

07 April 2020 at 14:15

Payment of salary in cash

Can we pay salary in cash for above 10K?

07 April 2020 at 14:12

TDS on advance

We have paid Rs 3,00,000 to catering business and taken TDS at 1% on 19-03-2020 for FY 2019-20. 
Now catering fellow as given bill dated 04-04-2020 for FY 2020-21 for Rs 8,00,000/-.

What to do now?

We need to take TDS for Rs. 5,00,000/-


I have applied form 26QB on 24th March 2020. OLTAS has confirmed amount matched for 800 TDS on Sale of Property/ Commodities Transaction Tax on 26th March 2020 received by TIN.

Today is 7th April 2020 still I get message in Remarks Column "No Data Available for Specified Assessment Year, Acknowledgment Number and PAN of Seller. Please resubmit the request again." This is happening for past 7 days.

I have a query is Form 16B manually updated backend so that it is available for download in TRACES or is it automatically updated. I never had this kind of issue in past. I do not even see any kind of place where I can raise my query or complaint for the non availability of Form 16B.

Please Advice. Thanking You In Advance.

07 April 2020 at 12:25

TDS Calculation

if any employee not disclosed his previous salary and also not give the declaration of previous income then how calculate the his tds calculation proportionately or full

07 April 2020 at 11:12


Dear sir

TCS to be collected on sale value of Timber or Sale value+ GST or Sale vlaue+gst+freight (in case of supply to be made FOR).

In my opinion TCS to be charged on Sale Value only. Kindly clarify,


Say, I am a salaried physician attached with a government hospital and my gross total income from salary is Rs.1600000/- for the F.Y. 2019-20. And I have got professional income from private practice has been estimated (gross) worth Rs.3000000/-, so my gross total income is Rs. 4600000/-. Will I have to pay GST? Last year for the F.Y, 2018-19 my such income was Rs.4500000/- but I did not pay any GST. Assessment was made U/s 143(1) at per.

06 April 2020 at 22:53

Regarding filling of TDS 4TH QR

While filing my TDS return I have found error message like Error code FV-SD-65100281. How to resolve this problem.

Small Assess I.t. return filed f.y.2018-2019 for the purposes of bank loan .
Assess I.t. return filed every year(f.y.2019-2020 and next finicial years) compulsory or not.

CA Learning