I donated Rs 10,000 to Haryana Chief Minister Corona Relief Fund. My questions are :-
a) Do I get 100% amount tax exempted . (Cause of donation is same as PM CARE fund which has got 100% exempted).
b) For filing return, do I need to file in 80G under 100% qualifying without any limit or 100% qualifying with limit ?
A person working in share market clerk.cash received and payment transaction from customers(client) person(clerks) through on personal bank savings account.cash receipts estimated rs:3 lacs for month and estimated rs:30 lacs for one finicial year.
Doubt:
Person all transactions through on savings bank account is correct and any limit of savings bank account or current account opening required.
Exporter dispatched the goods to Germany. Bill of ladding, Shipping bill is issued to the exporter. The goods were loaded in a container having hazardous material which got leaked between the sea transport. The whole container was disposed off by the shipping Company. The German customer did not pay for the material but the shipping agent in India aggreed to pay for the consignment. Is GST applicable for the sale?
Father invested his own funds in Edelweiss Multi Strategy Funds on 11.01.2017
Above investment is done in his Sons name as beneficiary of proceeds of funds. Son is major and drawing salary income.
Sale proceeds minus investment would amount to Long Term Capital Gains
My question is long term capital gains tax in above case will be paid by father or son ?
One firm has not paid RCM pertaining to the financial year 2018 - 2019, How to solve this?
Party will pay the RCM. I wanted to file GSTR9, GSTR9C is not applicable as the taxable value is less than Five Crores
R S Sai Kumar
9246881884
I donated Sum Of Rs.5,000/- in chief minister relief fund assam for previous year .
where to claim deduction
1. 100% without any qualifying amount
2. 100% qualifying amount
3. 50% without any qualifying amount
4. 50% with qualifiying amount
I am having a problem regarding GST applicable for in the scenario of old gold exchange with new ornaments.
Example
A gave 12 grms of old gold say the value is 30000.
A purchased 20 grms of new ornaments of Rs 60000
How the GST should be calculated 20 grm -12 gm =8 GRM =(14000+making chg 4000)*3%
or
The GST will be charged on the total value of 20 grms
kindly reply
On what date is the import bill accounted in books? Is it to be accounted on the date of commercial invoice/ date of bill of lading/ date of bill of entry and accordingly which exchange rate to be recorded? No advance payment has been made against the same. Capital item is purchased and CIF Contract was there
In my case, the date of commercial invoice falls in one accounting year and the date of bill of entry falls in another accounting year? In which year do I account for the capital item purchased?
MY FRIEND HAD THREE PROPERTIES (TWO HOUSE AND ONE SHOP).FIRST ONE IS IN WHICH HE IS LIVING WITH HIS FAMILY, SECOND ONE WHICH IS VACANT AND THIRD ONE IS SHOP WHICH IS LET OUT.NOW AS PER NEW RULE WE CAN DECLARE TWO PROPERTIES AS SELF OCCUPIED PROPERTY.SO MY QUESTION IS
1.IS THERE IS ANY NEED OF SHOWING THESE TWO HOUSE PROPERTIES IN INCOME TAX AS THERE IS NOT ANY TYPE OF LOAN ON THESE PROPERTIES?
2.IF SHOP IS LET OUT ,WE CAN SHOW IT UNDER HEAD "INCOME FROM HOUSE PROPERTY " OR SOME OTHER OPTION IN ITR?
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80G exemption