Respectable sir
We have imported machinery and parts ( using in bricks making) form chine during the year 2016-17, it is taxable in KTEG in karnatka, please give solution to this sir.
Thanking you
yours truly
Srinivasa Joshi

Dear Sir

There are any change in GST rate on solar system
If yes.
what is new rate ?
Applicable on which date.

Dear sir

I retired in April 2020 from service at the age of 60 years but my EPFO pension started only this year in march 2021. I received Pension arrears (from 2018 onwards)of about 90,000 in march 2021. Is this pension arrears considered as commuted pension and is it fully taxable? As it has to be reflected ITR for FY 2020-2021.

Thanks and best regards for guiding the tax payers.

Dear Sir,

If I am having around Rs. 5 - 10 lacs in my saving bank account then is it advisable to transfer it to a Bank Fixed deposit whose interest rates are very low or should I invest it to a good Debt Mutual fund to earn higher interest than Fixed deposit.

Is Debt Mutual fund safe to invest.

Please advise.

Regards,
Divyesh Jain

In a partnership firm one partner purchase the shares of all other partners. In such a case
1. Whether the business can carry on as partnership firm or as a sole proprietorship firm ?
2. Can the existing PAN will exist any more ?
3. In which PAN the ITR will be submitted ?
4. Whether existing GSTR will continue or require new GSTR ?
Kindly advice.

In ITR 2, validation was successful, but on next
screen for Verification and submit, it shows one error
relating to Sch VIA that under TTA interest should be
restricted to SB account interest included in total
income. I have shown same Savings interest as included in
total income and system has already restricted to
10000/- But error still remains. As a result I can not submit and file ITR2. I have submitted grievance with all screen shots, but no resolution is forthcoming even after lapse of a fortnight. Please advise if there is any solution.

If i invest in shares / mutual funds using borrowed funds , can i claim interest paid for these borrowed
funds as expense while calculating income tax liablity under income from capital gains

Some new generation banks , especially ESAF small finance bank not raising flag-B properly in their TDS return as such the interest income is not reflecting in 26 AS

I have transferred some money from my retirement benefits PF and Gratuity to my wife who has no source of income and invested it in FD in her name. It fetches interest income of around 80 thousand. I don't want to club this income to my income to avoid increase in my tax liability and instead prefer ITR filing for my wife separately. Is it ok?

Is it necessary to take three months break after taking termination on medical grounds or can we re register before taking such three month break ?
Please guide.