Respected Expert
A private Limited Company not under tax audit is unable to submit ITR of Financial Year 2019-20 by 31.03.2021
What will be the repercussions.
Can return be filed online on the Income tax e filing portal after 31.03.2021 for FY 2019-20. If not then how to file the delayed return.
Please guide.

Pensioner father gift to daughters Rs 615000/- transfer to Bank account this is exempted or taxable

Sir
if a company is paying an amount to a celebrity (who is NRI) to endorse a product then if the company will charge TDS and if yes then under which section of TDS and at which rate??????

can we pay the salary in cash more than 10000

Hi all,

Our company is intending to pay award to one of our employee who has worked for 20 years.

Is the amount payable as award to employee for his length of service is Taxable?

If yes than under which head

Regards,
Ravi Konda

Hi, As per this provision, Sikkim Subjects are exempted from IT on income
1. Accruing or arising from any source in Sikkim
2. Dividend and interest on securities
My friend has a bakery in Sikkim , presently marketing ONLY IN SIKKIM and also paying Regular GST.
He now intends to supply to neighbouring state of West Bengal and North Eastern states. My Queries : 1. Will he be entitled to the Income Tax Exemption even if he is supplying to other states ?
2. In future, he intends to start a unit in West Bengal too. Will he have to pay Income Tax on Income from that source ?
Thanks and regards.

Hi Everyone
i have one query that we have missed the payments for GST since 2017-18 to till date, what is the procedure to pay the GST , how to calculate the Interest on non payment of GST, any how we are filing GST Nil returns for the Client

Dear Experts

Kindly advise we want to take Rented premises for Manufacturieg of our Components what are the steps we have to take for movement of material from Principal to rented premises.

Sir,
A textile retail business dealer
Capital Rs:3 lacs
Sales Rs:20 lacs
Stock Rs: 3,50,000/-
Question:
A person Rs:10 lacs bank loan required eligible.

Relevant to AY 2021-22
Income Tax on LongTerm capital gain on sale of unlisted shares can be saved under section 54EE by investing the LTCG in units of Funds notified prior to April 2019.

Has Govt notified any such funds?.
Is there any other section under which the tax can saved on LTCG on sale of unlisted shares without investing in real estate?