I am a salaried tax payer, obtained form 16 too.
1, I have claimed the PPF amount upon the death of my wife in the month of march 2020.
2. I was given a demand draft and the same is encashed in my account, amount being 9 lakhs 45 thousand.
3. Immediately I have initiated two fixed deposits of 1 lakh and 8 lakh, in my sons name (Son aged 20 years), at his SBI account. Son is a student and has no income. He earns interest on the FD of the said amount.
Questions;-
1. Will the amount be taxable for me? if yes what is the tax payable, if no under what section should I claim exemption.
2. Will my son eligible for the said amount of the initiated FD? if yes what shall be the tax amount?
3. Will he have to file the ITR and what number is it ITR1. under which section should tax exemption be claimed for my son for his lifetime first ITR1?

I am to prepare and file ITR1 on my own at the efiling site.
Please guide me regarding my each query in detail.
Thank you,
Mr. Shekhar Salunke
email; shekharsalunke1@gmail.com

I have recieved the resubmission mail by MCA in the reply of submitting the form for making the following changes :
"Definition of OPC as per Sec 2(62) along with the definition of Private Company as per Sec 2(68) of the Companies Act, 2013 should be mentioned in INC-24 e-AOA."
How and where shall I make this addition ?
Please help.

I have submitted the form 109 in ssp portal for transfer. But by mistake I have submitted the blank form...So now what I have to do..
Can I get further chance to upload the signed and correct form or not.

A dealer voluntary composite scheme new registered.
Question:
Dealer every quarter minimum turnover and tax pay show in cmp-08 composite return under gst act.

hello, Business income u/s 44AD, 145000/- and Gifts (Other than blood relation) surrendered in ITR as other sources income 175000/-. Kindly suggest what will be the slab rate for other sources income 10% or 30%.

R/sir,

please tell me 1% GST on flats applicable for Regular or Composition tax payer...?

Dear Sir,

Can be issue debit note for the bills pertaining to F/y 2017-18.

Hello,

Closing balance of previous year audited balance sheet does not match with current year opening balance.
How to adjust the difference?

Dear sir,

One of our party is in the business of Erection and commissioning. The staff goes to various location at that places they hire rooms and pay the amount to hotel and after that they are reimbursed by the company. The payment to hotel are some times more than Rs 50000/-. Do we need to deduct TDS and how to deduct as whole of the payment is made by employee at that place itself.

Dear Expert,
We are the service receiver. Received renting of immovable property service from the person "A". We have make the payment on every month based on agreement for last 1 year.
Now only we have identified he is registered under GST and filling return on monthly basis.
But he has not issued tax invoice to us hence the details not reflected our GSTR2A also.
my doubts :
01. service provider not issued tax invoice hence we could not make the GST payment. Is this create any issue.
02. Shall we continue to follow the same procedure or we need to ask & collect the tax invoice from service Provider of "A".?