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Kollipara Sundaraiah online
13 September 2020 at 20:02

Partner ship deed and rent agreement period

A gst new registration partnership firm.
1.how much amount stamp paper value for partnership deed.
2.rent agreement time period minimum 11 months accepted.

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Hemkumarpro badge
11 September 2020 at 20:51

APPLICABILITY OF AUDIT

ONE INDIVIDUAL HAVING SALARY INCOME OF RS 20 LAKHS AND LOSS FROM INTRADAY TRADING IN STOCK MARKET (SPECULATIVE) OF RS 30000/- WHETHER HE HAS TO MAINTAIN BOOKS OF ACCOUNTS AND GET IT AUDITED U/S 44AB??

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Kollipara Sundaraiah online
11 September 2020 at 19:14

Input credit claimed allowed invoice

A gst registered composite scheme dealer purchases of some goods .seller invoice details mentioned below:
Trade name :xxxxxxxxxx
Bill of supply
Invoice no.130 , Dt:20-08-2020.
Aadhaar no.xxxxxxxx
Turnover below 40 lacs
Invoice value :35,400/-
Question:
Dealer above mentioned invoice shown in gst returns accepted under gst act.

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SHEKHAR
10 September 2020 at 16:12

Regarding taxability

I am a salaried tax payer, obtained form 16 too.
1, I have claimed the PPF amount upon the death of my wife in the month of march 2020. 2. I was given a demand draft and the same is encashed in my account, amount being 9 lakhs 45 thousand.
3. Immediately I have initiated two fixed deposits of 1 lakh and 8 lakh, in my sons name (Son aged 20 years), at his SBI account. Son is a student and has no income. He earns interest on the FD of the said amount.

Questions;-
1. Will the amount be taxable for me? if yes what is the tax payable, if no under what section should I claim exemption.

2. Will my son eligible for tax toward the said amount of the initiated FD? if yes what shall be the tax amount?

3. Will he have to file the ITR and what number is it ITR1. under which section should tax exemption be claimed for my son for his lifetime first ITR1? I am to prepare and file ITR1 on my own at the efiling site.

Please guide me regarding each query in detail.

Thank you,
Mr. Shekhar Salunke
email; shekharsalunke1@gmail.com

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Kalpesh
07 September 2020 at 21:31

Capital gain account scheme

I sold a property in may 2019 and there is a long term capital gain accrued.i put the money in my saving bank account till now.i want to know about my last time limit to open an capital gain scheme account so that I can reinvest from it,and how much amount should be deposited there ? Is it only capital gain or entire sale proceed ? Pls clarify me .Thanks in advance..

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ajay
03 September 2020 at 08:58

PANCARD

My pan card was lost, so I had applied for a new one with some changes in Name,
but it got rejected , I don't know the exact reasons. So I have requested for a reprint on my
address of the lost one.

is this all right or it will create issue for reprint as my new request with name change got
rejected

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Kollipara Sundaraiah online
01 September 2020 at 16:43

Composite dealer gstr4 mistake

A gst registered composite scheme dealer annual return gstr4 in 19-20 filed.
But dealer mistake sales of taxable turnover amount not shown in gstr4 19-20.inward supplies detailes not mentioned.
Question:
1.dealer mistake for sale turnover amount adjustment producure in gstr4 19-20.
2.dealer I.t. return filed as per sec 44 ad 8%profit declared purchases not mentioned i.t return.but gstr4 inward supplies detailes not reported

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neetu

As Per Notification No.35 /2020/ F. No. 370142/23/2020 – TPL dated 24th June 2020 issued by Govt of India, the due date for filing of TDS Return for Quarter 1, F.Y. 2020-21, has been extended to 31.03.2021.

I am not clear Whether there is any extension for due date of filing of TDS Return for Quarter 2 F.Y. 2020-21 also?

If there is any such extension for Quarter 2, F.Y.2020-21, Please provide the Notification.

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Manjita Rane
31 August 2020 at 18:11

TDS Query

Hello,

under the company of industrial oil we have import material against which we paid freight charges, now i have a seperate invoice of Logistic Company wherein ,

Air Freight Charges Rs. 40,000 Ex works Rs. 15,000 and Destination Cost Rs. 6173.73

what is the treatement of TDS and How ?

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VIKAS KUMAR SHARMA
31 August 2020 at 16:45

GENERAL PROVIDENT FUND WITHDRAWL

a state government employee who has completed more than 10 years of service and left 10 years of his retirement, withdraw GPF form his account for the purpose of a daughter's marriage.
Is he liable to pay tax under Income Tax? If yes in which section tax implement? If no exemption in which section?
please elaborate

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