My wife n myself income tax assesses n wants to construct a house on a land owned by her by taking housing loan from bank having joint account, her's is the first name. Shall I make payment through my salary account n claim HBA interest?

When is current investment treated as investing activity in cash flow statement

Hello, I was asked by the party(Who I had audited under Income Tax Act) to provide Aadhar Card and Pan Card as SBI staff was asking for my KYC. As per the staff apparently SBI has been asking all its customers who are audited to submit Aadhar Card and Pan Card of the Chartered Accountant who audited their accounts for the purpose of Income Tax. I was ready to provide UDIN for the same and was also quoted in the audit report but they are asking for KYC.
Does this sound strange to you ?

Ay 20-21 Deemed Total Income under section 115-JB ( 9 of schedule Mat ) is reflected in ITR-6 as Rs 27,69,196 which has been carried forward from Profit Loss sheet ( Balance carried to balance sheet ). Actually nothing should be reflected as deemed income in schedule of Total Income. What to do in such case? Please guide me and oblige.

Dear Sir, I have got notice relating to ITC mismatch between 2A VS GSTR3B for 3 years. I have all invoice and also payment statements. But Dept insist that ITC have to be reversed with interest because not reflected GSTR2A . Dept said If u do not agree to pay then take Appeal option . I have taken all ITC as per Law . What to do ??
PLEASE SIR REPLY AS SOON AS POSSIBLE

due to salary revision, salary arrears received in current year post retirement ; arrears included additional PF deductions due to wage revision;
Whether such additional PF deducted, but received along revised salary arrears can be claimed as eligible investment under sec 80 C for IT relief for the current year?
Whether such PF deductions will benefit for Income tax rebate?

Hello Everyone,
Good Afternoon
in the month of nov-20 we were book and pay wrong RCM that means instead of IGST , we were book RCM in SGST and CGST.

how can we will correct it now......????
Please help us..

We have notarized the Affidavit (HUF) but not on stamp paper.
is there any problem?

Dear Expert

Kindly advise what is the threshold limit for e invoice under GST Act from 01-04-2021 onwards.

As per section 40A (7) (a) subject to the provisions of clause (b) no deduction shall be allowed in respect of any provision made by the assesse for the payment of gratuity to has employees on their retirement or on termination of their employment for any reason.
(b) nothing in clause (a)shall apply in relation to any provision made by the assesse for the purpose of payment of a sum by way of any contribution towards an approved gratuity fund, or for the purpose of payment of any gratuity that has become payable during the previous year.
Section 36 deals with deduction allowable in computing the income under section 28 (Profit and gains of Business or profession). Clause (1)(v) of the section say any sum paid by the assessee as an employer by way of contribution towards an approved Gratuity fund created by him for exclusive benefit of his employees under an irrevocable trust.
A Society maintain its Books of account on accrual basis and makes provision of Gratuity on actuarial basis.
My quarry is – (i) whether society can claim deduction of Gratuity provision while computing its income and its application as its income is chargeable u/s 11 and 12, while provisions of Section 36, 40A applicable for computing income under the head Profit and gains from Business or profession and not applicable to the Trust / Society.
(ii) if by any interpretation, provisions of section 40A apply to Society, whether it may take Gratuity policy from LIC directly without forming any Gratuity Trust?