CA. Aditya Goel
27 July 2020 at 17:12

Tally Software - Asset or Expense

i have purchased Tally Software for INR 13k. Whether it will be an Asset (can claim depreciation as its an intangible asset) or its a spend to be charged to P&L?


rishabh bhatia
27 July 2020 at 17:10

GIFT

Dear Sir,
I paid Rs 10 Lakh money to my brother in FY 2019-20 as a gift whether it is taxable to my brother or not,
What legal record is to be maintained by me if no gift deed is made by us till date.


ahammed hussain
27 July 2020 at 16:23

Annual tax liablity -TDS

Annual salary Basic Rs 253,020.00 HRA Rs132,00.00, Annaul rent for flat Rs264,00.00 Non-metro city, Agricultural income per annum Rs 150,000.00 Rental income Rs.126,000.00 ,bank interest income Rs1500.00 can anyone help me to compute the annual income liablity.


Kollipara Sundaraiah
27 July 2020 at 15:47

Business change accepted in I.t. act

Assess two business maintained in individual status.two business Annual turnover rs.38 lacs +rs.30 lacs total rs.68 lacs in f.y.2019-2020.turnover above 40 lacs threshold limit gst registered applicable.
Question:
1.Assess 1st or 2nd business change from individual status to huf status transferred
2. Assess business transfer wife or son accepted under I.t. act f.y.2020-
2021.
Above two options accepted under I.t. act.


vaibhav
27 July 2020 at 14:03

B-com

Which ITR form shall be used to file ITR for Individuals having income from insurance commission.


sankar ponnan
27 July 2020 at 12:19

TDS Interest Payment

Sir

At what time, should we pay the interest for delayed payment of tds in case if we fail to deduct it or to deposit it after deduction for the whole year?

thanks in adv


shevya
27 July 2020 at 12:18

Charge Modification

there is requirement to file CHG-1 if we modify Hypothecation deed that secured asset has changed? however no additional loan has taken and that charge was already created. kindly tell that whether it shall be consider as modification of charge and CHG-1(modification) is required to file?


MAHESHA R
27 July 2020 at 10:58

RCM applicable and Threshold Limit

Kindly advise RCM applicable services and threshold limits for Per Transaction in details.


Rakshitha

Dear sir

Suppose I bought a flat in Jan 2019
Flat cost 80 lakhs
Stamp and registration charges 5 lakhs
Gst paid 1.2 lakhs.
And I sell the same property on 1st Jan 2020.
What is my cost of acquisition?
Whether gst paid sould be included or not?


Himanshu Agarwal
27 July 2020 at 00:08

Return wrong data

Mr X(NRI) filed a ITR 1 showing other income 10 Lacks which is salary received outside India for FY 18-19.
But Didn't pay the tax on 10 l and now received a notice for tax payment.
Return can't be revised now a due dates is passed and under rectification we can't change income..
So what should be the treatment as there is no tax liability in the present case due to person is NRI and income is not taxable in India.






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