Due date for filing of GSTR-7 for the month of March-2020 has been extended to 30-06-2020. So I want to know whether TDS under CGST ACT,2017 for the month of March-2020 can be deposited on or before 30-06-2020 without payment of any interest, penalty and late fee?

Dear all A pvt ltd company is having a lot of unsecured loans & Now it wants to convert it to convertible debentures What is the procedure to convert unsecured loan into convertible debentures. Unsecured loan is from the Directors of the Company & the converted debentures are to be issued to directors of the company.Also provide me a draft resolution.

WITH BEST REGARDS
VISHALSWAIKA

Query 1
If GSTR 3B return due date extended to 23rd & return filed on 28th,
So Interest on GST will be calculated from 20th or 23rd ?

Query 2
While calculating Interest do we have to consider Date of Payment or date of filing the return to calculate no. of days ?

Small Assess I.t. return filed f.y.2018-2019 for the purposes of bank loan .
Doubt:
Assess I.t. return filed every year(f.y.2019-2020 and next finicial years) compulsory or not.

Dear Experts ,

My query is regarding LUT (Letter of Undertaking) Validity or expiry, I wanted to know that when will be expiry of LUT if applied for FY 2020-21 on dated 20th March 2020 (i.e in FY 2019-20), or else company need to apply fresh LUT for FY 2020-21 if it's get expire on 31st March 2020.


Please help me know that.

Please clear whether due date of March 2020 of GSTR7 (deposition of TDS GST & filling of its return) is extended or not?

Respected Sir / Madam,

I have uploaded TDS Return for the Q4 of 2019-20 today.

But, by mistake I have downloaded and used .csi file applicable for March-2020 only in stead of .csi file applicable for January-2020 to March-2020.

Please suggest me the procedure to rectify the above mistake. May I file the correction statement by downloading the conso file, .csi file for the relevant quarter and revalidating the statement through the file validation utility.

Whether the regular statement can be uploaded again by using the correct .csi file and revalidating through file validation utility, since the status of the return is not yet shown as accepted at TIN central system.

I shall be obliged for your kind response in this regard.

Yours faithfully,
Purusottam Panda

Please clear whether due date of March 2020 of GSTR1 is not extended?

Is that Term ' Total Turnover' defined in IT ACT .to estimate presumptive business income u/s 44AD.? Is there any circular OR clarification on that?
Pls clarify on that.

Dear Sir,
I am due for retirement in June 2020 on attaining 60 years. So, for the FY 2020-21, whether I would be considered as Senior Citizen for IT rates ? How the 80C benefit would be reckoned if I invest 1.5 lacs.. Is it advisable to go for
new regime or to continue in old regime for the FY 2020-21 ? Kindly clarify.