if any agenda not been passed in AGM on the basis of vote, then what has to done by a CS and what wud be the consequences
Answer nowI have income from salary, short term capital loss and intraday profit. I filed my income tax return for FY 2018-19 in ITR 2 where i did not separate intraday transactions from short term capital transactions. For the FY 2019-20, can I continue showing it without separating or should I show intraday profit separate from short term capital loss?
Answer nowMy father had purchased a Land through Agreement to Sale in Feb 2000 for R's. 1,40,000 and constructed a house later (no bills available). The property was in our possession since then. Registration was finally done in March 18 with FMV of property of R's. 43 lacs n stamp duty of Rs 3 lacs paid. Subsequently, my father passed away n property was transferred to my mother who sold the property in May 19 for R's 45 lacs. Few questions or clarification :
1. Date of acquisition should be in Feb 2000 and not Mar 18 and hence this is LTCG not STCG. Please confirm
2. I believe we should have a FMV as on Apr 2001 and then calculate the indexed cost of Acquisition till the time of sale for calculating LTCG.
3. Can we instead rely on FMV done in March 18 for calculating LTCG.
4. Even if we do FMV as on Apr 2001, What happens if Indexed cost of acquisition is marginally different than what was FMV as on Mar 18.
5. How to claim deduction of stamp duty of R's 3 lacs incurred in Mar 18. Should this be indexed as well?
Plz help.
Dear Sir,
As per Section 12AB of Income Tax Act, 1961, every trust or Institution which are already in existence will have to mandatorily renew the certificate granted under section 80G latest by 31st December 2020.
In Form 10A (available on-line) details of renewal of 80G are not there.
Please guide us in which Form number we have to apply for renewal the certificate granted under section 80G. Is it available on-line?
Regards,
K M Goyal
A Became owner of property in April 1996
A died 14.01.2018 living behind legal heir wife two sons and daughter
Both sons and daughter Relinquished their rights in favour of mother on 30.01.2018.
Therefor mother become sole and absolute owner of the property.
Mother sold the Property on 10.09.2020
Question? Whether it’s a long-term capital gain or short-term capital gain
One of my has business model, where he received 100% advance for services to be rendered.
now the same is shown in GSTR 1, as advance received and tax is paid on the same correctly as per TOS rules.
The same is shown as sales and advance adjusted in month when the services is completed and invoice is raised.
Now, in auto-popluated 3B the difference of inter-state advances and advance adjusted is getting populated in table 3.2 : under "Supplies made to Unregistered persons". is this correct or there is some error?
all the advances received are from registered person.
We had started a Finance business (company incorporated) last year .
My self and my friend are the two directors. Now we have decided to discontinue our business.
what is the procedure for winding up of the company.
How long is the process for winding up and how and when we as directors of the company can take back our money
Kindly advice
Thanks
Dear Sir,
A Individual filled his IT in 44AA for the past 2 year Ass yr 2018-19 & 2019-20.
Can he fill IT in 44AB in Ass yr 20-21 . If so what will be consequence. Please clarify
Thanks
My company received an advance for some work. The payment was made to me after TDS deduction. TDS return has also been filed by the paying company. Now I am returning the money as I could not complete the job. The paying company is asking for full refund also the money which they have deducted as TDS. I am asking them to revise their return and utilize the same with their future transactions with some other payments. They are denying.
Please advice can tds return can be revised ?
i have a query about unsecured loan that one person say. mr. A has received unsecured loan of rs. 300000/- from another person (not being relative) say Mr. B. after that Mr. B has been passed away. How to settle that Unsecured loan amount in the books of Mr. A???? What is the Taxability in hand of both Person????
Answer now
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