Kollipara Sundaraiah

Sir,
It assess cash gift to mother rs:15 lacs through on bank mode.if assess mother received amount fd investment in bank and assess fd interest income received from mother after interest income gift to wife account transfer.
Question:
1.Above transactions clubbing provision applicable in it act
2.above transactions gift tax applicable


anshuman jain
11 July 2021 at 19:21

NDH-1 DUE DATE

Do we need to file NDH-1 every year or only once after the completion of first FY


Laxman

Credit notes for F.Y.2018-19 was reversed in SEPTEMBER 2019 , But same was paid again now using Input tax credit, please help how to cancel DRC-03 paid now and get refund to input tax credit ledger


Kollipara Sundaraiah

Sir,
A person huf and individual both status it returns filed every year
1.personal drawings (house expenses) rs:1,50,000/-
2.personal drawings (house expenses)rs:1,00,000/-
Question:
Assess personal drawings both status allowed or one status only allowed in it act.


subhash kumar jha

I have been trying to upload the ITR required as a reply for Section 148 notice. But the following error as popped up: "Caught Error Description as null" No matter how many times I've tried the error still persists. Please help.


RAKESH
10 July 2021 at 20:37

Withdrawl by proprietor

Suppose owner invest capital in business Rs 60000 .with this he has made huge profit of Rs 120000. In the same year we withdraw the amount of Rs 70000 which is more than the capital amount .what is accounting entry to be pass .



Kollipara Sundaraiah

Sir,
Asses maintained private hospital two different places single proprietorship
2 nd hospital Fees collections amounts from patients through on online mode 1st hospital maintained bank account credited
Query:
Assess above fees collections from patients transactions 1st or 2nd hospital accounting books entry passed is correct procedure


SAMIR CHOWDHURY
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.


Suraj Dayalkar
10 July 2021 at 16:43

Table no 12 gstr 1

is HSN summary is compulsory for dealer who dealing in B2C only whose turnover does not exceed 1.5cr


B R Kumar

Sir,
I have a sole proprietor trading firm in my town. Would like to start another branch with a different name but with the same owner. Is this possible and will there be inspection of office etc.,
As such, I have a desk space only for my trading activities as all my dealings are done in my laptop.
No physical stock of any material. Merchant trading only I do.
I want to have a second name and a new bank account in this new name.,
Is this possible and what are the procedures






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