Dear Sir ,
A person received VRS amount more then exemption limit of Rs 5 Lakh u/s 10(10C) , can excess amount over and above 5 lakh we claim relief us 89 (1) .
is both the exemption is allowed ?
or can claim either 10 (10 C) or 89 (1)?

Dear Sir,

I have have a commercial house property on which TDS get deducted at 10% per month. My yearly taxable income is around 9 lacs per annum as per Income tax return. I have income from Business showing profits U/s 44AD, House property and other sources.

Can I apply for lower tds deduction certificate.

Regards,
Divyesh Jain

A PVT LTD COMPANY HAS TAKEN LOAN FROM ME AND IS NOT PAYING PRONCIPAL AMOUNT AND INTEREST. I AM NOT A SHAREHOLDER OF THE COMPANY. IF NOW I APPROACH A COURT FOR RECOVERY OF MY LOAN AMOUNT WILL THE COURT TAKE A VIEW THAT SINCE PVT LTD COMPANY CANNOT TAKE LOAN FROM OUTSIDER MY PLEA IS NOT ADMIISIBLE. I WAS UNAWARE OF THIS PROVISION OF LAW WHEN PVT LTD COMPANY TOOK A LOAN FROM ME.

Dear Sir/ Madam,

Q.1- I have sold a BUS for Rs.30,00,000/- used in CARRYING Passenger after 4 years on June-2020 and Value of Vehicle FY 2019-20 After Depreciation Rs. 25,00,000/- in Balance Sheet. I have get profit Rs.5,00,000/-. I do not have any other Vehicle till date in Business. In this case , Will I have to pay Short term Capital Gain Tax on Rs.5,00,000/-?
Q. 2- If Capital Gain Tax applicable on this case , then How to calculate ? if Not Applicable Capital Gain Tax, then Why not Applicable ?

Please Reply as early as possible.

Thanking You
Bikash Rai

One of our client was doing trading in shares but was limited to 8-10 transactions a year and was keeping the shares as investments. Now in the F/y 2020-21 he has done more than 70 transactions of purchase and sale. My Query is can we treat his income as business income and taxable U/s 44AD @ 6% or we have to take it as capital gain.

I worked for a company in the UK for about a month, at a pre decided hourly rate. Now they have asked me to send an invoice for payment. Apart from the cost of the number of hours * hourly rate, do I have to add anything else to the invoice?

If a Bank Employee has received arrears of salary on an ad-hoc basis related to past years in A.Y. 2020-2021. The full amount is yet to be calculated by Bank which they will credit in the A.Y.2021-2022 only. Now the bank has not mentioned the AY/PY related to which the ad-hoc amount has been paid .
Kindly guide how can I claim sec 89 relief in the above scenario in A.Y.2021-22
Whether We has to Taken Arrear Amount After Deduction Ad-hoc Arrear or Without deducting Ad-hoc Arrear.

We have filed GSTR 1 already for the month of May, June & July
after that when we are going to file Aug-2021, GSTR-1 noticed that
for the month of May, June & July, we did not entered the nil rated HSN Summary

so, what we do next , for the same
plssss... reply the solution as soon as possible
Thank You

Dear sir,
As filing tax audit report in form 10B for the AY 2021-22 is extended till 15th January, 2021 & ITR filing till 15th February, 2022.
Please advice me the last date of filing form 10 to AO for the AY 2021-22, FY 2020-21.
Regards,
K M Goyal
M No.:9899799000

Sir/Madam

I want to reset my GST login password. I forget my registered mobile no and email id. So not able to get it OTP.

Can you provide some best suggestion ?? give me all possibility.

thanks in advance.