my basic wages was shown at the time of UAN generation Rs 11400/-, from last 6 month my EPF joining date shown but EPS joining date Not Available.
When I am trying my missing data update through Employer's Portal then One error shown that " you are not eligible for pension scheme.
Please help me what should i do?
dear sir
we sold ancestral land in village.i got 67505/ as share , deposited in capital gain account scheme in SBI in 2015 dec.for 3 years as FD .it was not encashed by the bank IN 2018 ,hence again continued for 3 years as FD.Now i got it as savings account type A. I HAVE TAKEN OUT 25 000/ on 1/1/22.i want to close the capital gain account in SBI.i am depositing 20% tax to close the account.will it need ITO APPROVAL .OR JUST TAX 20% RECEIPT IS ENOUGH FOR SBI to close it.ITO APPROVAL IS MUST OR NOT.PLEASE ADVISE SIR .THANKS
Sir/Madam
I want to know about deduction availability u/s 24 for loan taken for shop/commercial purpose.
Shop is under construction and yet not received possession.
Can we claim duction u/s 24 of interest paid on it??
Sir.
Let's me know what is letter of undertaking for export in Gst. One more
In case of export service implications of letter of undertaking.
Sir
We are running a partnership firm with GST registration. Till now, both, the Legal name and the Trade name are same.
But now, we prefer to change the Trade name. While doing so, which name has to be used in our
purchase as well as sales bills ? Whether Legal name or Trade name or any of them ?
Further, can we get our purchase bill in favor of Legal Name and issue our sales bill under the Trade name ?
Pls. advice.
Can I revise Form 67 - Foreign Tax Credit (after the tax due date)?
- For FY2020, I had worked in USA and consequently claimed FTC while filing Indian taxes(tax was filed before due date) along with filing Form 67.
-Now I need to revise my taxes since I missed out reporting some income. Tax consultant is saying that since Form 67 also needs to be revised, AO can reject it stating that revised Form 67 is filed after due date(even though the original was filed within due date).
- I read in many places that AO frequently rejects FTC if filed after due date citing IT laws, but Bangalore ITAT(Ms. Brinda RamaKrishna vs ITO (ITA No. 454/Bang/2021)) has said that filing of Form 67 after due date should not result in denial of FTC.
Can someone pls advise if quoting this case will have any effect on the AO as my tax consultant is pretty positive that AO will reject the FTC.
Thanks
Sir,
I would like to get the clarification on deduction Under Income Tax Act
Whether Housing Loan repayment can be adjusted against the Taxable Income while the House is in assessee's brother name(Who is a NRI) but the Loan taken by the assessee who is resident in India ?
2.Whether Medical Expenditure for specified diseases paid by the assessee, against his brother's treatment (Who is a NRI) can be Claimed U/s 80DDB?
Dear sir,
We were alloted a plot of land (Not as Flat) from UIT in the Fy 2011-12 and 85 % of the consideration was paid. In the year 2015-16 we were given possession letter and lease deed was registered. Now we have received letter from Income Tax Deptt to explain source for purchase of immovable property in Fy 2015-16. Sir it can you guide when will we be considered as owner
1. on the date of issue of allotment letter
2. on the date of giving possession letter
3. in the year of Registereing the lease deed
Sir,
A retaile pharmacy business gst registered composite scheme dealer sales of medicines to customers different types
1.sales of medicines in counter money through on cash mode
2.sales of medicines in counter money through on sweiping machine mode
3.sales of medicines in counter money through on google pay and phone modes
Question:
A dealer sales of medicines different transaction types cash received accounting entry passed procedure in books and
which accounting name create.
Sir,
A gst registered pharmacy business dealer
Sales of medicines to customers amount from customers different types
1. Sales amount to counter money through cash received
2. Sales amount to counter money through on sweiping machine.
3 sales amount to counter money through on google pay and phone pay modes from customers.
Question:
Dealer sales of medicines different transaction accounting entry passed procedure in books
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Employees provident fund updation error