I have one house property which consist 3 rooms. Out of which 2 rooms are let out to two different persons. In this regards I wants to know which ITR form (ITR-1 or ITR-2) have to be file. I have only salary income and rental income from such property.

A person is employed in a Finance company as an agent where tax is being deducted at source u/s 194H. He does not have other sources of income except that. In A.Y. 2019-20(P.Y. 2018-19), he filed ITR-4. Now what ITR will be appropriate for him ? (He does not maintain Books of Accounts)

If invoice received late i.e. after 180 days from the date of invoice, then GST ITC can be claim ? Payment is pending ?

e,g, Invoice date 25.01.2020 and received on 10.09.2020, so can we take GST ITC while booking invoice ?
[Note: payment will be pay after booking above invoice ]

The Date of Incorporation of Partnership is 01/06/2020, but due to lockdown & Covid -19 Pandameic we received Stamp Paper dated 29/06/2020. We prepared the deed with DOI 01/06/2020. We also, have received PAN Card with same DOI. The Said agreement is submitted in ROF for registration. While opening Bank Account the said query was raised. So is there any solution for said situtaion? Kindly suggest.

My Client is working as a sales man with a Car Dealer. He receives Salary income from dealer and commission on sale of car from dealer. He also receives commission on sale of car from the car manufacturer. Which return he should file? Can he file ITR-1?

For the month of August 2020, I have a igst credit note. Can I adjust this igst amount against my output cgst /sgst for the same month? I don’t have any igst sales for August. Only cgst/sgst sales.

Accounting equation treatment for the entry
Extra furniture worth₹2000 sold to purana for ₹2500 and entire amount was taken for personal expenses of owner

Dear Sir,

Trust registered u/s 12AA and also eligible u/s 80G. Received Rs. 40 lacs after deducting tax u/s 194C towards consturuction of building. The amount is disbursed by a public limited company.

Query:
1. The trust received donation after deducting of TDS, whether it will loose the benefit of exemption u/s 12AA and u/s 80G.

please guide me with help of relevant provision under income tax.

regards,

R. Gurucharan.

Can Director give Loans to Pvt Ltd Co?

If yes, then loan taken from
the Director who is also a Shareholder or
from the Director who is not a shareholder
is advisable ?

Any compliance to follow in above scenario ?

Dear Sir,

A Individual person starting a trading business (buying and selling), does he required GST registration or not , and When GST Registration is Required or Mandatory For Business in India, please clarify with details.