Surinder
22 September 2019 at 21:15

Income tax return

Sir,
My annual income is less than 250000/- I never filed the return. In every year I was saving Rs. 60K to 80 k .and the same was deposit in Saving account. Can, I make the FDR for Rs.5 Lac. Is this any problem with me
Please suggest.

Thank you


Hukam Chand

Dear Sir,
Please guide me where can i download the company latest balance sheet format as per company act for ay2019-20 and depreciation rate chart


VENGATESH M
22 September 2019 at 17:47

TDS For 194C

Sir,

1. TDS
Pl clarify that the receipt of Handloom weaving cooly and wages for one your amount 80,000/= received from Audit persons (Individuals and Firm). Is it applicable 194-C ? (The Handloom Weaver party is below taxable income limit)

2. House Property:
Mr. A. is a Govt.salary person having a own house property. He claims Sec.80-C of Income Tax the Housing loan Principal and Interest amt. for the one house property
Now He wants to purchase of another house property through bank -Housing Loan. Mr. A. can claim 80-C of Income tax of 2nd house property of Housing loan Principal and Interest.

3.Gift -Reg
Mr. B. is a Income Tax assessee, only received from Interest Income from Bank and file the I T return properly. He wants to transfer the amt of 10 Lakhs to his son for Gift. Then the Next Yr. the son transfer the amt of 10 Lakhs to (Mother )Mr. B. - What are step it may be taken for I T Filing. (The son also I T Assessee) - is it exemption or not. and if applicable gift tax?


AKSHAY KHANDELWAL
22 September 2019 at 15:07

Interest to partner

wheather it is mandatory to pay interest to all partner or we can pay interest to one and not to others


Hari Nair
22 September 2019 at 09:28

Amendment in GSTR 1

A person missed to upload one invoice GSTR 1 in February 2019,But in 3B uploaded correct details and made tax payments correctly.

He filed GSTR 1 up to July 2019.Now only identify the mistake.

is there any option to rectify the error ?


sivakumar

DEAR SIR / MADAM

PLEASE SUGGEST ME

MY CLIENT AS RECEIVED MATERIAL ADVANCE OF RS.150000 IN CASH AFTER TWO MONTH THE PARTY WANTED TO RETURN BACK HIS ADVANCE CAN PAID THE ADVANCE IN CASH OR CHEQUE. IF I PAID ADVANCE RETURN BY CASH IS THERE ANY PENALTY IN INCOME TAX


ASHEESH JAIN
21 September 2019 at 21:01

Return related query

I want to file my itr return for f y 2017-18. Can I file at this time


Venkata Nagendra
21 September 2019 at 19:35

TAX AUDIT LIMIT OF 60 INCLUDES

IS AUDIT CONDUCTED U/S 44AD OF INCOME TAX INCLUDED IN AUDIT LIMIT 60 OR SAME WILL BE EXCLUDED IN COUNTING TAX THE AUDIT LIMIT. KINDLY THROUGH ON THIS MATTER


THANKS IN ADVANCE


K.Devan
21 September 2019 at 17:53

HOSPITALITY INDUSTRY NEW GST RATE

Dear Sir
You are aware that the higher GST tax structure reduced from 28% to 18%.
Previously we applied 5% GST for Restaurant Billing without input GST advantage.
Now for Below RS 7500 tariff we have to apply 12% . If so the restaurant billing will be 12% with Input GST.
Banquet billing will be the same as we applied earlier ie 18%
Am i right sir


avrandco
21 September 2019 at 16:56

DUE DATE FOR CO-OPERATIVE SOCIETY

Due date for submission of return in case of Co-operative Societies registered under Co-operative Society Act of particular state





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