TARAK KUMAR ROY
18 July 2020 at 09:24

Drawing

I have paid lic premium of Rs. 11993/- and PF deduction was made of Rs.18000/- during the F.Y. 2019-20. Are these investments and to be deducted from capital fund account through drawing?


TARAK KUMAR ROY

KVP of Rs.60000/- was purchased on 20.10.2010 for 8 years and 7 months but failed to draw maturity value of Rs. 120000/- on 20.05.2019 due loss of KVP certificate. Post office assured me to pay a simple interest @4% pa for next two years only. Will I get proposed interest on maturity value or investment amount?


Arjun Krish621

Hello sir, I am giving property to my sister as gift. so no money involvement and no capital gain tax and in return i am also getting gift cheque of 50 lakh. It is also tax free.. so, do i have any problem ? if i do this on same day.. Please kindly let me know


Puneet Jain

If a house property is in name of mother and son with equal share and they sell the property on which there is a capital gain of rs 22 lakh which is to be shared equally between them. After this a house property is bought in the name of mother only using the amount received on sale. What will be tax implication in the hand of son and will he eligible for any exemption keeping in mind that the new property bought is in the name of mother only??


CA VENKATASWAMY
17 July 2020 at 17:43

GST On Pure Labour Sub contract

Sir, my client doing labour supply to one of civil contractor on Sub contract basis and his turnover above 1 crore now is GST registration compulsory to my client ? Is there any Exemption Notification is there on Pure labour supply to contractors on sub contract basis ?


Pratyush Deedwaniya

There is petrol pump dealer he wants to purchase tanker for supply of petrol and diesel
Can heClaim GST on purchase of truck
Tanker is used for the purchase of Petrol and Diesel


Pooja
17 July 2020 at 13:24

ITR INVALID

RESPECTED SIR/MAM
IN MY CASE ASSESSEE FILED RETURN FOR AY 2018-19 BUT IT WAS INVALID BY DEPARTMENT AND ISSUED NOTICE U/S 139(9) , WE RESPONSED PROPERLY TO THAT NOTICE AND CORRECTED THE MISTAKE BUT THEY FURTHER REJECT IT AND ISSUED ORDER ON 12/11/2019 INVALIDATING THE RETURN AND NOT COME TO OUR KNOWLEDGE. MY QUESTION IS HOW I APPROACH TO THIS, CAN I FILE RETURN AGAIN FOR AY 2018-19 OR ANY OTHER WAY SO THAT MY RETURN BECOMES VALID.
PLEASE GUID ME.


VIKAS KUMAR SHARMApro badge

if home loan taken on partly self occuiped and partly rented property.
Can take exemption on paid principal amount also (80C)? Paid principal amount Rs 202776 and interest paid Rs 37224
Please advice how can take benefit


Sangavi
17 July 2020 at 12:23

TDS Return Filing for FY 20-21 Q1

Dear Sir/Madam,

Kindly confirm whether TDS return filing due date extended for Q1 for FY 20-21


Bhanudas Kolhe
17 July 2020 at 12:19

Registration

my client holding GST No expired on 15/05/2020 and her son applied for GST registration on 20/06/2020 but due to non accepting consent letter by officer application was rejected, again applied on 14/07/2020 and registration received on 16/07/2020, but wef 16/07/2020.

how to take effect date 15/05/2020. please guide me





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