Dear CACLUB Community

FACTS:

1. My father's ( 77 years old ) Income tax return for AY 2017/18 got delayed due to health reasons. He is a Parkinsons patient for the last 10 years and was totally bed ridden and could not provide details to CA in time. Income tax returns were filed in Nov 2018.

2. In AY 2017/18 there was capital loss claimed. In the following year AY 2018/19 capital gain was claimed. But because the returns were filed late in AY 2017/18 the loss was not carried forward to AY 2018/19. As a result IT dept sent a demand notice for AY 2018/19.

3. We have filed a petition online requesting Income tax department to kindly condone the delay for AY 2017/18 after taking into consideration the genuine health grounds. We have submitted doctor certificates and also offered to submit medical records over the last few years.

Questions:

A. It is 6 months now and we have not received any response of the petition to condone the delay. In the meanwhile we have received another demand notice for AY 2018/19. What should we do now ?

B. What happens if the condone petition is refused ? What are my options in such a situation ?

My sincere thanks in advance.

Person doing business of rent a car
TDS has been deducted from payments by party u/s 194IB @ 10% instead of 2%
Now TDS returns cannot be revised by party.
However income needs to be shown under rent a car and not income from house property
whether after filing return of income income tax department will raise any query ?

Sir I have paid 3rd installment of Adv tax on 05/11/2019 from my mother's SB ac(1st holder-my mother,2nd holder-myself).How to show the amount in ITR-4 for ay 2020-21?Will it be as income or gift from mother?How to be shown in balance sheet in ITR-4?I file itr-4 under 44ada.Thanks in advance sir.

We know hotels and lodges can only charge cgst and sgst and not igst. Now for people of other States staying in hotels ask the hotel to create a bill in the name of the company for which they work and also give the company's gstin. the hotel makes the bill as told by the customer to avoid argument although we know they can't claim ITC since hotel is not charging igst and they are from a different state. will the hotel file these in gstr1 in b2b entry with the place of supply being the state of the location of hotel or in b2cs entry?

Hi All,

If we received Service Invoice for Rs.10000+18%GST=11800/- but we paid only 50% of amount to Vendor Rs.5900/- then how much GST Input we can take, 50% input or 100% Input GST.

Thanking you
Amruth

Hi All,

If we received Service Invoice for Rs.10000+18%GST=11800/-
but we paid only 50% of amount to Vendor Rs.5900/- then we can deduct TDS 50% can pay to Department or we have to deduct 100% TDS and pay.

Thanking You
Amruth Kumar

Hello,
I have a two query related Ineligible ITC on Vehicle.
1st Query: Can GTA claim ITC on purchase of vehicle for transmission of goods ?

2nd Query: If any company purchase a vehicle for their company's goods moving one godown to other.Can it claim ITC.

Hello Sir,

some years ago, my brother committed suicide and died. He had a PPF account which i recently discovered.I found nominee details thru net banking. The name registered as Nominee doesn't even exist and we don't even know anyone with that name. Now what is the procedure to withdrawal funds?

Sir We have issued an e way bill whose validity has expired on 10 April , as per notification 40/2020 validity of e way bill is deemed to be extended till 31 may. In our case the truck is to be changed as the exisiting driver is not ready to take the load and the truck is standing at 1000 km away at Ajmer border. A new truck driver is ready to take the load. So kindly guide us how to change the truck number on e way bill as we are doing but no updation is allowed. Or no updation is required kindly give circular number in support of your claim.

I worked in a company for three years from 2016 to 2019 and as I attained 60 years, as per company policy they retired me. After this I applied for final withdrawal of PF from EPFO. I got the withdrawal amount, however they deducted Income Tax at 10% (TDS). Here my query is my service was only 3 years and due to my age I was not able to complete minimum age of 5 years and company as per the policy retired me. In this case can I claim refund of IT deducted. If so, under which section.

Thanks in advance