sir
Is it compulsory to pay TDS on the interest of vehicle loan obtained from NBFC by an individual whether he is covered or not covered under tax audit?

If yes, Assume he has obtained the loan for 5 vehicles and paying dues with interest. While calculating the tds on interest, exemption of Rs.10,000/- p.a is applicable only for a single vehicle or totally on all of the vehicles .

thanks in adv

I have 2 queries regarding TDS:
1. W.e.f. 01/Apr/2020, the rate on all technical services is 2%. Please confirm
2. How to show the rate of 2% in TDS Return since Sec 194J covers both 10% and 2% entries.
Regards

Dear Sir,
I have incurred short term loss of Rs 70000/= appx on buying and selling of shares and further incurred loss of Rs 25000/= appx on trading in FUTURES AND OPTIONS .
Can I show my short term capital loss of Rs70000/= and loss in FNO in FORM 2 for IT return for AY2020-21.
Since FORM 4 is applicable if FNO loss is > 1 cr.What to do with FNO LOSS ,please clarify

Thanks and regards,

P.J.RAO

Regards sirs to all you,

I am talking about those GST holders whose sales turnover during the fy 19-20 was less than 5 crores
==================================================================================
Sales Turnover less than 5 Crores during the fy 19-20
===========================================

Due date GSTR-3-B FOR JUNE 2020
=====================================
Extended date is 23-09-20

Now

Due date GSTR-3-B FOR JULY 2020
=====================================
What is the due date ?

Please guide me and oblige sir.


Read more at: https://www.caclubindia.com/experts/ask_query.asp

Whether Topup in HBL exempted from Income Tax ? Should any one get Income Tax deduction on repayment of Principal alongwith interest u/s 24(b) in House property.

Sir/Madam
i am providing all the details required for downloading conso file from traces file but unable to proceed next step, a error message arising i.e The challan details entered by you corresponding to the statement mentioned above are not valid. please enter valid details.

Plz kindly help me in this regard

a partnership firm one of a partner purchase of fixed asset rs.10 lacs value payments through on partner personal bank account.if invoices billing partner name.fixed assest used for partnership firm purpose.
Question:
Purchase of fixed assest above transaction treatment in firm and partner personal books and accepted under I.t. act.

A friend of mine is a senior citizen and unemployed. No pension. During the year he has closed 2 mutual funds, with a profit of Rs 40000. His total taxable income is less than Rs 2.50,000. His only income is from income from bank FD which is around Rs 39000.
1) Should he file ITR
2) Which form should he use?
Thanks in advance for your advise.

A charitable trust wants to close its trust activities and surrender PAN. As per Trust deed if the trust wants to close its activities it may transfer its Movable and Immovable properties to other trusts having same object. What procedure to be follow to transfer movable and immovable property to other trust?

sir
This is regarding equity shares of my NRO son who transferred his shares to the father in the month of November 2019 is there any capital gain to be paid by the son when he files his ITR.
Please clarify
Thanking you