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Bindu Bobee
16 April 2020 at 12:22

Tuition fees

I want to know whether fees paid for MBA or PGDM to Indian institutes can qualify for tax exemption for children( for eg Narsee Monjee/ Welingkar/Symbiosis etc).

If I have applied for these courses, can I claim exemptions?


Dr Santhosh K
16 April 2020 at 11:54

24Q

SIR,
When trying to create file on 24 Q return using RPU utility,error message file already exists,replace file? appears and can not validate.Kindly advice.


karan kumar
16 April 2020 at 07:50

Extension of Financial year

Dear Experts,
Earlier FY extension circular was issued by RBI. Kindly clarify whether FY 2019-20 has been extended till 30/06/2020 or it is as usual up to 31/03/2020! notification or circular thereof if any,

Thanks & regards
Vishnu shakya


deepak
16 April 2020 at 07:48

Purchase of flat query

If a person has purchased flat of rs. 6900000 without sale of any flat. In this case purchased flat entry will come under capital gain schedule or any other schedule?


Ramu A
16 April 2020 at 05:22

ITR risk management process

I have received an email like below. I found that there is mistake in my ITR how to proceed now, please guide me.

It is seen that a claim of refund has been made in the Income Tax Return 726533040290719 for 2019 filed by you on 29-JUL-2019.

Your Income Tax Return has been selected under risk management process wherein your confirmation is required on the claim of refund. You are requested to submit your response in the e-Filing Portal post login by selecting either of the following options:

The claim of refund is correct to the best of my knowledge and belief
Return of Income is being revised wherein, correct claim of refund shall be made
To submit the above mentioned response, please login to e-Filing portal, Go to Worklist->For Your Action-> Response for Refund Confirmation.

Please verify the claims made in your Return of Income filed and submit your response accordingly. In case of any incorrect claims, please revise your Income Tax Return (ITR) .


Dheeraj Dhondalkar
16 April 2020 at 00:02

Social work by partnership firm

Can a partnership firm which is for profit, accept donation and buy some item and donate it? E.g. collect money from individuals who are not looking for tax benefits from donation and buy say face masks and donate them to a hospital for free?


chippy as
15 April 2020 at 20:18

GST Registration

Whether Indian Army, Indian Navy, Airforce need to get registration under GST?


ASHISH SINGH ADHIKARI
15 April 2020 at 19:55

Depreciation

What will the rate of depreciation for Mobile and under which category it will stand at the time of filling return.


S. RAVICHANDRAN

SIR

PLEASE LET ME KNOW THE CLAIM REFUND ON GST INADVERTENT DUTY STRUCTURE, THE GST PAID ON SERVICES ARE ELIGIBLE TO CLAIM REFUND.
AND ALSO KNOW EXPORT OF GOODS WITH IGST AND GET REFUND, GET CREDITED THE DRAWBACK, IN THIS CIRCUMSTANCES, THE EXCESS AVAILABLE ITC IN THE ECL CAN APPLY REFUND ON GST INADVERTENT DUTY STRUCTURE
EXAMPLE : INPUTS RATE OF GST @ 18% OUTPUTS RATE OF IGST @ 5% EXPORTS
PLEASE CLARIFY
SR



V Srinivas
15 April 2020 at 18:16

Itc on capital goods

how to file the itc in capital goods equal 60 month in gst cite show the method of itc in gst cite