Dear All

Can an employer reduce Gross salary by Rs 2,000/- to accommodate PF part of employee( Rs 1,500) from employee's hands itself? Example, if a person Gross is Rs 25,000/-, for which employee contributes 1500/- his part PF and employer another 1,500/- for June month salary. Where in July, his Gross is reduced to Rs 22,000/- so that Employer's share also is paid from employee.

If the same cannot be done through any section/law or by any legal case verdict, please mention the same.

Please feel to revert for further clarifications.

Dear Sir,
I have booked an Invoice and booked GST in our books in the month of September 2019. But I had not taken Input Credit in GSTR 3B as the same was not reflecting in 2A. Even it is not reflecting till today.
So Please confirm within how many months I can claim Input Credit ? Is it 6 Month from date of Booking in Books or from date of Input reflecting in GSTR2A ?

Hi. I am aware of the recent extension of due date under various sections of the Income-Tax Act, 1961 but it does not mention anything about the extension of the due date of SFT. Can you please let me know whether the due date for filing of SFT is June 30, 2020, or has been further extended? If yes, then what is the due date?

Thanking you in advance!

HI,
My brother is a doctor and he is filling ITR 4 since last year as his income was less than 50 lakh and he is availing benefit of section 44ADA.
However, in the FY 2019-20, his organisation has deducted tds u/s 194J for the income for amount of Rs.40 lakh which has not been received till date.
If his total income considered received in bank as well as amount credited the total amount become 70 lakh and tax audit is required under section 44AB. However, he is not maintaining any books of accounts because he was not aware about income credited to him. it is come into notice after verifying form no 26AS.

my question is whether we can carry forward this income in FY 20-21 when this income actually realized. there is an option in ITR 4 for claiming Tds for corresponding income.

Please suggest your expert views.

Hello Sir,

I sold my residential plot in F.Y.2019-2020. It was open land and no construction was done by me.
It was held by me more than 03 years.
To save long term capital gain can I invest whole sale amount in new house property flat and bond ?
Can I invest in both ? i.e.New house property flat and bond both?
Or can I invest in only 01 item.
Can I invest in both items at a same time ?

Dear Sir,

I am filing GSTR-3B return for April, 2020 for which the gst site is asking to select return periodicy.

As per gst notification the turnover limit has been increased from 1.5 cr to 5 cr for fy 20-21. But till date on site it is asking to select if turnover limit is more or less than 1.5 cr instead of 5 cr.

Should I ignore the amount on site and select quarterly return filing as this year my turnover will be 2 cr only.

In fy 19-20 my turnover was 10 crore.

Please help.

Regards,
Divyesh Jain

Last date of filing TDS return for quarter.4 of FY 2019-20 for 24Q and 26Q

Sir
Can I claim personal loan under section 80 C and 24B.Please suggest.
Purpose of this loan -Use father medical treatment.

I am a Travel Consultant and some of the Bank are are giving statement credit against rewards points redemption in credit card. Now the point is that do we have to pay GST on the Statement credit or Bank is already paying GST on the amount by reverse calculation..

SIRS
THE BSNL EMPLOYEE RECEIVED VRS COMPENSATION AMOUNT 50% AROUND Rs.9 LAC DURING THE FY 2019-20 AND THE BALANCE WILL BE PAID BY THE BSNL FOR THE FY 2020-21. PLEASE LET ME KNOW THE VRS COMPENSATION RECEIVED TAXABLE DURING THE FY 2019-20 OR EXEMPTED FROM INCOME TAX FOR THE FY 2019-20. PLEASE CLARFY