Dear Sir,

I had an employee with 1500000/- per Annum in which 50% HRA included. He pay Rent of rs 45000/- Pm .He joined us on 01-07-2021 and resigns on 28-10-2021. in his tax saving declarations he claimed deductions U/S 80C Rs 150000/- but no proofs provided as he leaved earlier and we collect investment proofs last cut off date 15-02-2022. so we show salary in form 16B whether to consider 80C deductions and HRA Exemptions or not??

Please provide asap

Thanks in advance

Dear members
please guide me regarding applicability of cash flow statements.
Is it mandatory for all the private limited companies?

I'm registered in June 8 ,I'm a direct entry student through the conversion of ca foundation to ipcc .I'm apply for one ICITSS orientation class in July . my next class will be held on August. will I elligible to write the may month examination

Recently, one of my client has started business similar to paytm by developing his own app and wants to know how GST will be levied on him, whenever anyone recharges his phone through his app.
Thanks

Procedure for DUPLICATE EPCG license

Please help me out how to apply for duplicate EPCG Licence.

Mr. X and Mrs. Y are husband & wife and they are taxable assessees in income tax
they jointly taken home loan and purchased building

both are applicants in home loan but EMI is deduction from one person only (EMI per annum 4,20,000)

now can both claim deduction in income tax? (home loan interest and prinicipal)

We are under QRMP SCHEME. WE HAD SALES IN JUNE 2022.when is the last date for payment of taxes for month of June 3022.we will file gstr3b in July under quarterly scheme under QRMP. PL ADVISE

Form 26AS shows TDS deduction US 194A while my client is small transporter and having income from 2 Trucks only. Even last year same DEDUCTOR did not deduct TDS and treat it US 194C
what should we do in this case

One of my client is a NRI who owns a flat at Bengaluru at present my client is located at Singapore and Bengaluru flat is vacant. my query is whether he can claim deduction for interest paid on loan taken for purchase of house property u/s 24 ??? if yes whether the property is to be shown as SOP ???

Dear Sir / Madam,

During FY 2021-22,Mr A was earning professional income. Besides this, he was also trading in shares.

The sales value of shares trading is as follows:
Speculation - Rs. 18,46,034/-
Short Term - Rs. 1,97,70,738/-
Long Term - Rs. 1,71,863/-
============================
Total Sales value / Turnover - Rs. 2,17,88,634/-

Will he be liable for Tax audit in this case?

Secondly, what if Sale value of Short term trading alone exceeds Rs. 2 Crore, will the tax audit be applicable then?

Kindly guide.
Thanks & Regards,
Suraj