Dear Sir,

One of my client is holding shares in American stock market and has received dividend from Shares. He got dividend in dollars after certain amount of tax deducted in America. He then transferred the amount in his Indian bank account which accounts for Rs. 4 lacs if converted in rupees.

Will this dividend be taxable in India. He falls under highest tax bracket in India as he receives salary in India.

Please help me in this matter.

Regards,
Divyesh Jain

Sirs, Short Term Capital Gains from DEBT MUTUAL FUNDS/LIQUID FUNDS are taxed at the normal applicable rates. In which part of the Schedule and under which head are these gains/losses to be shown? There does not appear to be a specific place for this

Sir,
It assessee cash loan to debtor outstanding ledger balance amount rs:50,000/- as on dt:31-03-21.
If assessee rs: 1,50,000/- amount cash loan received from debtor dt:28-09-21 through on cash mode.another date rs:1 lacs balance amount paid through on online mode.
Question:

Above transaction accepted in it act.

Hello all.
Is late fee 234F levieble on filing belated return, even if aggregate income is below 5 Lacs.

Thanks
ASAP

Sir,
One of the business assessee purchase of goods from different supplies credited based after payments transactions through on online mode (bank) paid.but assessee some payments through on wife and son bank accounts paid.
Question:
Assessee payment through on wife bank account and son bank account transactions how the show procedure in books.

Sir,
Question 1 - The taxpayer has issued the cheque for the payment of LIC Premium before 3st March 2021 but the Cheque was cleared in April 2021.
So can the taxpayer claim the deduction of LIC Premium u/s 80C in the F.Y. 2020-21(A.Y. 2021-22) or Is he eligible for claiming the deduction in the F.Y. 2021-22 (A.Y. 2022-23)?
In one of the Premium Receipt the date is 31/03/2021 and on the other Premium Receipt date is 26/03/2021.
If the deduction is allowed in the F.Y. 2020-21 and not in the F.Y. 2021-22 Does it mean that we have to see only the date on premium receipt for deciding in which year the deduction will be allowed and their is no relation when the cheque is actually cleared?

Question 2 -Whether the LIC Premium paid in cash is allowed as dedcuction?

Question 3 - Please suggest some good books/courses on Income Tax for increasing Practical Knowledge

One of our supplier collected GST from us by raising GST bill after cancellation of their GST registration for non filing of return. Can we claim refund from the supplier or supplier liable to pay the GST amount to Govt?

Sir/Madam
Please provide guidance
A partnership firm pays an individual professional fee of Rs 15000 in the month of May 2021. No TDS was deducted as it was below threshold limit.
Now same individual has to be paid professional fees of Rs. 30000 this month.
How to deduct and deposit TDS in this case.
Will I have to deposit TDS on previous bill of May 21 along with interest.TDS Quarterly return of Q1 2021-22 is already filed. So is correction of Q1 TDS return has to be also done?
Please guide on right way of dealing this situation
Thanks in advance

SIR,
one of the it assessee agrilculture income rs:2,80,115/- and agrilculture
expenses rs :110000/- showing in books.
Question:
1.Agrilculture expenses claimed allowed any limit applicable in it act and expenses debited to agrilculture income account correct procedure.
2.above transactions agrilculture income rs:2,80,115/- or rs: 170115/- showing in it act.

Mr A teaching in a college as a visiting/guest faculty on a monthly honorarium based on a fixed amount per hour taught and registered for GST on voluntarily basis for his own practice as a professional.
The college is a University affiliated college and exempted from Goods and Services Tax.
Whether Mr A have to pay GST on the honorarium he gets from the said college. And if not , what is the clarification?
Someone can shed a light on the above