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Sagar Panchal
30 August 2020 at 22:59

Interest Income Deduction 80TTB

Dear Sir/Madam,
assesse has salary, pension and interest income from fixed deposits with banks.
interest from bank fixed deposits is Rs. 179528/-, can he claim deduction of section 80TTB of Rs. 50000/- ? he is a senior citizen.
PLS GUIDE ON THIS.


Mahabir Prasad Agarwal
30 August 2020 at 19:53

Late Fine for ITR filing for FY 2018-19

I have to file ITR4 for FY 2018-19 now. How much late fine U/S.234F is to be payable by me if my taxable income is either below 5.00 lac or above 5.00 lac ?


Iyaswamy Senthivel
30 August 2020 at 18:37

TDS on Rent

Form 16A shows a credit towards rent by my tenant for March 2020 on 31st March 2020 (FY 2019-20) itself and deduction of TDS and credit of the same to govt. on 27th April 2020. However the rent for March 2020 was credited to my account only on 7th April 2020 (FY 2020-21).
In spite of pointing out the mistake, he is unresponsive. What are the options for me to correct this?


kollipara sundaraiah

Assess property value Rs: 50 lacs.this property gift to son.
1. Assess sales of property received amount after transferred to cash gift to son.
2.assess property gift to son.
Question:
Above two transactions better in I.t. act.


kollipara sundaraiah

Assess loan received from banks and others Rs: 70 lacs for the purposes of construction of commerical building .
Question:
Assess loan interest to banks and other persons paid amount treated for business expenses(p&l) allowed or construction of commerical building include interest amount in I.t.act.


Yog Raj

I have forgotten to mention sale in GSTR4 while filing Annual return for financial year 2019-20. What can be done now?


Deepak
30 August 2020 at 13:12

Speculation income

Is tax audit required if there is speculation loss on intra day trading on day 1 of Finanacial year and speculation gain on some other day of the same financial year, the net off result of both these speculation transactions is speculation gain and the turnover does not exceed 1crore


Naveen Kumar
30 August 2020 at 04:25

Professional tax

Hi,
One straup company opc is registered in last year, stayrd businnes in 2020 first week, now company received a last 7 months businnes ,this month they planeed to pay salary to their employees , company not registered under professional tax ,can you give suggestions how to apply for PT registration and deduct pt for last months,and consequences for delay PT payments


Nilesh Chajed
30 August 2020 at 02:16

APPLYING FOR DUPLICATE HUF PAN CARD

Sir/ Madam,
There is one HUF having PAN Number issued.Now the karta has died. And there are three members in HUF WIFE TWO SONS. .Now the pan card of HUF has been lost.My querry is that who will sign the form ofDuplicate pan. And what proofs to be shown.

Thanks & Regards.


Naresh Bhardwaj
29 August 2020 at 22:10

Concealment of information

ABC Ltd. took loan worth Rs. 50 crores from bank against mortgage of property worth Rs. 100 crore. Company failed to repay the loan and interest. Bank issued notice under Sarfaesi Act and fixed a date. Company did not adhere to it. Bank has again issued a notice under the above Act and fixed a date which is yet to come. Company while sending annual results ended March and quaterly results ended June to the stock exchanges did not include above information in the results nor auditors were informed about above notices so they did not mention it in their report.

If a shareholder brings the above information to the knowledge of stock exchanges what action they can take against the company.