Hi Experts,
My sister is suffering from Chronic Kidney Disease and is on dialysis twice a week. She is so weak that she is unable to work and earn . She has no income at all. But we have been filing her ITR returns since almost 14 years now..Most of her F.D.s have been broken and now she has an income of only 2Lakhs this yr for A.Y.2020-2021. This income is only from her F.D., the last one now.The tax on her income is "0"..In fact a refund of 17,000 is due to her (from the TDS deducted by a Bank on her F.D).
I pay for her dialysis and other medical expenses as she has no health insurance at all.My questions are:
Can I claim the deduction upto 40,000 under Sec 80DDB for my sister i.e. Is my sister a dependant as per I.T. Act
because from what I understood of this section- “dependants” of an individual assessee may include spouse, children, father, mother or siblings who are wholly or mainly dependent on the assesse. What does it mean - wholly or mainly?
Many thanks for your expert advice and valuable time.

Pls. clear me what is optimum figure for authorized capital? even though it starts from 1,00,000 onwards what would be the long term impact if i put 10,00,000 in place of 1L as authorised capital (except number of shared). Whether it will impact anywhere in future like balance sheet, repayment if company goes shut, any other legal criticalities? where are all it will reflect exactly?

When is MGT 14 required to be filed?
Is it required to be filed when FS are adopted in AGM?

Hi Experts,

My mother owns a residential property in Hyderabad, Telangana. The property is a plot with house construction and was purchased in 2001. She intends to dismantle the old house and develop the land into residential apartments. She is willing to finance the construction by herself and will be giving a construction contract to a builder. The residential apartments so built will be sold to homebuyers.

The query is, will the sale proceeds of the residential apartments be taxed as LTCG or Business Income? Will she able to offset cost of construction against the LTCG? Will there be any STCG component?

Dear Sir, We are having occ A/c in canara bank.My email id is jaghetiya@gmail.com

Hi respected experts,

Is there any powers to officers or commissioners under GST to condone and give relief to tax payer for genuine reasons.

Our client has availed ITC against sec 16(4) with delay of four days.

The department is ready to condone but they are not able to take power from any provisions of the act,

kindly advice

Under the companies Act 2013, can a chairman and Managing Director be a same person for a Unlisted Public company whose paid up capital is more than 10 cr. ? Please suggest.

Kindly advise the details how the TCS applicable for goods with details.

Value of GST payable on transport charges by recipient under Reverse Charge Mechanism was not shown in GSTR 1 & 3B monthly returns for f y 18-19

Can it be shown now while filing annual return of f y 18-19 ?

Sir,
While comparing gstr 3 b and 2 A we came accross some purchases on which input was not claimed. Perhaps bills may be missed while claiming the input in 3 b.. So while finalising the balance sheet can we show the purchase including tax as total purchase.. We are claiming gst on it