raghavendra b
27 May 2020 at 10:20

ITR FORMS ASS YEAR 2020-21

DEAR SIR,

ITR FORMS OF ASSESSMENT YEAR 2020-21 IS RELEASED OR YET TO BE RELEASED.

REGARDS


Pranab Kumar Saha
27 May 2020 at 09:24

Partnership related query

Respected all, please any one can advice the following.
partnership firm taken a loan from bank and one partner give his FD as security to the bank.
my question is whether this FD to be shown in the books of partnership firm or not?


CA ANKIT GADA
26 May 2020 at 21:55

Query on TRACES emsigner

Recently I am facing the below error on emsigner of TRACES :

Congrats! emSigner service started successfully.
some errors like port binding failed may not be assignable to a specific websocket.

I have reinstalled java as well as emsigner many times but no result found,

Please suggest how to resolve this error ?


Amit Garg
26 May 2020 at 19:22

Rental Income

My house is in my Mother's name. Under this home, there are some shops. Can I show rent received from these shops in my father's HUF return instead of showing the same in my mother's individual return? My father has already been expired and I am filing his HUF return by showing the rental income.


Amit Garg
26 May 2020 at 19:19

HUF INCOME TAX RETURN

My father was filing return as Individual as well as for HUF (Diwan Chand & Sons HUF). After his death, I closed my father's individual return but continue to file HUF return in same name/PAN no i.e. Diwan Chand & Sons HUF
Is it right practice? or I should open my own HUF. I am married. My mother is also there.


Srinivas

while paying freight we are paying GST under RCM , if tanker /truck delayed to return due to material unloading or any other reasons we have to pay extra amount as detention charges,
Pl clarify that whether we have to pay GST under RCM for detention charges or not.

Thank you
Srinivas


Sangavi

Dear Sir,

Kindly confirm the rate of interest to be paid if I fail to pay Apr 20 TDS payment by 07th May 20 and for how many months it has to be paid.


Clarifier

Dear legal experts from CACLUB community

Facts:

A. We have joint family property with 1979 govt approved layout. The layout haS 2 areas earmarked as park areas and one area earmarked as open area. On the layout plan these areas are specifically marked as parks and open area respectively.

B.The purpose of the open area was to facilitate parking, loading and unloading required for the shopping complex ( also belonging to our joint family ) right next to it. This was the specific purpose for which the area was left open.

C. Recently half of the said shopping complex got half demolished due to road widening and the half demolished complex has been lying vacant awaiting repairs, The whole exercise got delayed due to corona lock down. The open space after so many decades for the first time has been lying quiet without being used.

Now suddenly out of the blue to our shocking surprise the Greater Hyderabad Municipal Corporation ( GHMC ) issued a tender to construct a compound wall around the said open space claiming that since it is a open area inside an approved layout it belongs to GHMC.

We have 4 decades of pahani copies showing ownership, a registered partition deed dated 2014 clearly stating the shares of the shopping complex and clearly mentioning that the said open area is jointly owned land which has been set aside for future development. We also have property tax receipts of the last 30 to 40 years, electricity receipts, notices given by GHMC for acquiring half of the shopping for demolition and the compensation cheques.

Note: No notice has been served by GHMC prior to issuing the said tender.

Keeping the above facts in mind please help with your respected expert opinions on the below queries:

1. What is he actual legal position on open areas in a govt approved layout ?

2. Based on the above facts mentioned does the govt any case against us and is there any justice in trying acquire our long held land ?

3. How should we build our case when going for a stay in honourable high court ? What should be our main ground for seeking stay ?

4. Are there any relevant case laws from supreme court or high court which can come to our rescue ?

Thank you and regards.


jagdish ahuja
26 May 2020 at 13:51

PPF account

i have a ppf account since 15 years -- in september 2016 i went to USA for a job and am in USA since that time -- my PPF account has matured on 1.4.2020 -- pls guide can i continue with the PPF account or do i have to close it. if i close it what is the interest rate that i will receive on maturity -- on yearly basis i have beome an NRI . pls guide THANKS


Kollipara Sundaraiah
26 May 2020 at 13:47

Capital introduced

Sir,
One of new i.t. assess source of service income from sand and bricks etc rs.4,00,000/- net profit rs.3,15,000/-. in F.y. 2019-2020.
I.t. return filing for the purpose of bank loan.
Question:
Person capital and cash on hand opening balance introduced minimum and maximum amount as on 01-04-2019 balance sheet in i.t.returns as per i.t.act.