Hi,

My personal 80C limit is completely exhausted through Insurance premiums, ELSS, and Child's education. I have recently created a HUF that does not have much capital. I am currently trying to create stream of capital in HUF.

I wanted to know if HUF can deposit money in my PPF account to get 1.5L rebate. Since HUF does not have any significant capital source right now , can I gift money to HUF (1.5L) as a Karta . Since PPF is EEE , there should be no tax liability on me through clubbing provision.

Is this process correct in the eyes of income tax or does it invite any legal issue ?

Regards,
Mohit

To verify my PAN details through the e-filing site, I have entered my name as shown in the PAN details in my profile account on the site. But the error message, PAN is active but details not matching with the database is popup every time. Because of this, I can't change the authorised signatory on the GST portal. Please tell me how I can find, in which order the name is entered in the database.

Antony Kaitharath

Meaning or full form of PÀAO status in transaction in IEPF 5

Is GST applicable to services provided in India by an Indian firm to a foreign client?

A registered dealer running an industry required to get clearance from the Pollution Control Board for which the dealer paid Rs.50,000 as fees. Whether it would be required to pay GST on Reverse Charge Mechanism on such fee. Please guide. Thanks

Sir,
How to prepare a balance sheet and profit and loss account cc loan Rs:8 lacs a bank and what amount show in itr .

Dear Experts

Can any one please guide on best demat account whcih can be opened by a beginner in current times in all terms like brokerage, smooth trading, settlement, safety etc.

i have studied about stock market during my CS course but currently out of touch of even basics of stock market. so please answer accordingly.

Thanks & Regards
Simranjeet Singh

Sir,

One of my friend is running a business. He has to file IT return for the AY 2020 - 21 and he tried to file ITR 4 on 31.03.2021. But, due to Server problem, he could not login the IT portal and finally, ended up without filing the said return.
Now, can he file the return online ? Will the portal accept it ? Else, what is the remedy ?

Pls. Advice.

With Regards.

SIR/MAM-
We are GTA Pvt Ltd and Our directors are having their own business. They are also supplying their trucks to GTA for hiring purpose that means, there is a business connection between GTA and their business.
Hence, we are paying and receiving the cash between these businesses in case of any need of fund.
Can we continue like the above or not?
Plz give your opinion
thanks in adv

Hello Sir,
No TDS is deductible on Export Freight paid to Foreign Shipping Companies or Agents of Foreign Companies in India. But the Companies are asking My Client to Report this Transaction in the TDS Return Form 26Q.

How to do this? I can't Find Any Flag there for Section 172 Exemption from 194C & 195. I tried reporting it Under Section 194C but there is no Appropriate Flag.

What to do, Kindly Guide.