Hi All

Something related to practical situation.
One of our group company recently shifted from Delhi to Bangalore , IT Jurisdiction is transferred to Bangalore IT.
During shifting, some of the documents gets misplaced , it includes old assessment orders, approval letter to group gratuity,some old payments & other records. The record pertains to year 2005 & before. At that time most of the communication was typewritten & records was manual. Unfortunately, company do not have scan copies & also not able to get copies from previous auditors.
Any way out on above.
Thanks,

Query 1 If Son do online transfer of 100000 to Mother bank A/c and it is again invested for FD a/c of 5 years in mother name (interest payable yearly) , will interest gained every year untill 5 years be clubbing into Son's income or only mother's income slab?

Query 2 if Husband transfer 100000 to Wife Bank A/c and it is invested into 10 years FD a/c with payout as yearly then I know that interest earned is clubbed into husband hand 1st year Let's 6400 is interest of first year.

Again this 6400 let's say reinvested as FD a/c no 2 then will this also get clubbed into husband a/c?

Also 1st year it will be 6400 and 2nd year 6400 like that then all 10 years interest is clubbed into husband income or only 1st year ?

Hi
Builder is making me to execute two agreements for under construction property:
1. Sale deed for 60% value
2. Agreement for construction for 40% value
To save registration charges
If I sell the property in future, will my cost of acquisition will be only purchase cost as per sale deed or will it be sum of total purchase cost in both agreements ?

DEAR SIR,

I HAVE CLAIMED WRONGLY ITC IN THE MONTH OF MARCH 2020. THE PURCHASE BILL ISSUED ANOTHER TRADERS NAME HE IS MY CLIENT FRIEND BOTH ARE PURCHASING SAME PERSON SO THE MISTAKEN HAPPENED. WHAT TO DO NOW NEARLY ONE AND HALF YEAR PASSED WHETHER I HAVE TO REVERSE THE ITC ALONG WITH INTEREST OF AT 1% PER MONTH OR I HAVE TO PAY ENTIRE ITC WRONGLY CLAIMED.

PLEASE NOTE I HAVE ALREADY ITC IN ELECTRONIC CREDIT LEDGER.

YOUR GUIDENCE IS VERY IMPORTANT

REGARDS

Sir what are the necessary documents required for termination of Articleship by a student who opt the reason "student joining for employment " is NOC of principal is a mandatory document. I filled form 109 without attaching the noc of principal and regional office rejected my application. Is Absence of noc is the reason for rejection.

Respected Sirs,

Whether online utility is awaited for ITR-5 & ITR-6 ?

How to download JAVA Utility for ITR-5 & ITR-6 ?

Please guide me and oblige.

Sir, one of my client takes Power of Attorney in his name from the land owner, He sells the land to third party-receives payment in his own bank account. Then he refund the payment so received to the actual owner by cheque. Neither any commission nor any ITDS provisions are followed in accounts. How should my client follow so that there is no any problems in Income tax.

Dear All,
In FY 20-21, my taxable income is below the exemption limit, whereas in the same year I've got short term capital gain of 60000/- on sale of shares. Pls Advise, since my income is below exemption limit, still do I need to pay tax on 60000@15%

Thanks
ASAP

Goods sold thro e-commerce to Unregistered persons. The invoices are generated by e-commerce operator.After month end report of commerce operator downloaded in which invoice no or order no are mentioned. But bills are not issued by Seller from its own Bill Book maintained for issuing invoices. Kindly share opinons about this type of situation. regards

Dear Sir/Madam,
Clarification required :
Kindly explain the above two in layman term with examples.
Thanks in Advance.