Respected Sir / Madam,

I have uploaded TDS Return for the Q4 of 2019-20 today.

But, by mistake I have downloaded and used .csi file applicable for March-2020 only in stead of .csi file applicable for January-2020 to March-2020.

Please suggest me the procedure to rectify the above mistake. May I file the correction statement by downloading the conso file, .csi file for the relevant quarter and revalidating the statement through the file validation utility.

Whether the regular statement can be uploaded again by using the correct .csi file and revalidating through file validation utility, since the status of the return is not yet shown as accepted at TIN central system.

I shall be obliged for your kind response in this regard.

Yours faithfully,
Purusottam Panda

Please clear whether due date of March 2020 of GSTR1 is not extended?

Is that Term ' Total Turnover' defined in IT ACT .to estimate presumptive business income u/s 44AD.? Is there any circular OR clarification on that?
Pls clarify on that.

Dear Sir,
I am due for retirement in June 2020 on attaining 60 years. So, for the FY 2020-21, whether I would be considered as Senior Citizen for IT rates ? How the 80C benefit would be reckoned if I invest 1.5 lacs.. Is it advisable to go for
new regime or to continue in old regime for the FY 2020-21 ? Kindly clarify.

Dear All,

Can a person from India purchase lottery ticket (which are held in foreign) in foreign currency?

And if he win the same than can he transfer such winning in his Indian bank account?

Thanks & Regards
Rahul

I relinquished my rights over the ancestral house property to my brother and in turn I received some money. Does this money which comes out of the partition of the house constitute a gift or sale of half portion of the undivided house? What is my tax liability? I have accounted the money received as gift from my brother. Am I correct?

Assess running a small fancy shop.turnover below 40 lacs limit.
Assess which type of accounting books maintained.
1. If assess registered in gst act
2.If assess un registered in gst act.

dear sir, i have claimed igst which is cgst/sgst.please advice me how to correct this? is int.payable on input availed under wrong head?

R/All.

We import pharmaceutical raw material in India and file the warehouse bill of entry and store the material at bonded warehouse without paying Import duty, as per buyer requirement we export this material directly from bonded warehouse.
So at the time of export can we dispatched the goods under IGST 18% paid or we can directly dispatched under LUT or any third way of zero duty ?
If we export this material under IGST 18% paid (from balance credit) so in that case can we claim of GST refund.

Please suggest.

Regards
Roshan Gathibandhe

Sir/Mam,
I have booked a RESIDENTIAL FLAT. In which 40/% is Self Funding and rest will be i.e. 60% from loan by Bank. Which is already Sanction but due to CORONA it was not executed in March 20. My question is that how will be show the paid amount (self funding) while filing income tax return computation for AY 20-21. This is 1st time home purchase .KINDLY ADVISE ME THANKS
PR SHARMA MUMBAI