R Gautam

My salary income in the FY is high and hence all the FD accrued interest is getting taxed at 30%. The bank has already deducted 10% TDS on the accrued interest. I need to pay the remaining tax at the time of filing the returns. Can I carry forward this accrued interest to the next FY and pay the tax on the accrued FD interest for 2 FYs together? I will not show the FD accrued interest income or claim the deducted TDS this FY. Is this or any similar arrangement possible?


Fakher Alam
17 July 2019 at 06:47

Tds on salary

Sir I have wrong TDS payment on salary paid under 94c instead of 92b
So now what problem will arise and how can resolve it
Plz suggest.
Thanking u


Sachin Kumar K
17 July 2019 at 01:14

Registration of cooperative society


GST Registration regarding A Coop Society, which carries on multiple businesses.
Example:
Trade name of all units is ABCDEFG

1. Medical store
2. Bakery
3. Book stall
4. Catering Services

At each premises Name hoarding is kept showing as ( a unit of ABCDEFG )

Already having a registration for a Medical Store which was taken VOLUNTARILY only to make purchases for the purposes of Medical Store.... because the supplier of medicines demanded to have a gst number. At the time of registration only Trading of medicines mentioned as Goods.

1. So whether I'm bound to collect gst in bookstall, catering and bakery..???
2. Whether i should show each of above business units as additional place of business???
3. Is it necessary to disclose each business???
4. As the registration is a voluntary one, whether other business units fall under GST Liability ?

Each unit is in seperate building.

5. If we are taking seperate Registration for a business vertical,

After registration, while uploading Bank Pass book or Statement .....can we upload the same bank account details we used for the former Business registration or do we need to open a seperate bank account for each vertical ???


sunil kumar

I am an Government Employee and have salary of Rs. 10 lacs pa.
I have FNO losses of Rs. 7 lacs for FY 2018-19.
Request you to please guide me which ITR form I have to file.
Is TAX AUDIT is mandatory in my case.


Rahul

One individual wants to run a private hostel to provide mainly long term accomodation for student and even working class.

The entire apartment would be hired from the landlord for this purpose on rental basis and then would be renovated to make further partitions to extend the no. of bedspace in a room.

With the accomodation being the primary service, the said service is also supported by breakfast and dinner and facilities like wi-fi.

Charges would be around Rs. 5000/-p.m and total inmates would be around 100.

So, annually projected turnover at 75% occupancy level would be around Rs. 45,00,000/-

My doubt here is can we claim the exemption of Rs.1000/- per day in gst as available to hotels, inns etc....

Does this commercial hostel qualify for such exemption.....? Can we just pay 5% tax on value of supply of food supplied without itc or should we pay 18% ?

Please guide and advice


Haripriya Vemulapally

Whether repairs and renovation work carried out on partly demolishing building is deductible from the compensation of building under capital gains.


Harshad Khona
16 July 2019 at 21:13

Equity ltcg

This is appeared in ET Wealth today.
"TR form has introduced the individual script method in place of consolidated figures, so reporting multiple stocks would be easier now."
But I could not locate a place where one can enter multiple stocks or Mutual funds in CG section.

Pl help me so that I can complete my ITR 2 in time.

Regards
HARSHAD KHONA


Haripriya Vemulapally

Whether compensation received from government for demolition a part of a building under road extension purpose is taxable under Capital Gains???? TDS has been made under Sec 194J by the Government.


TARIQUE RIZVI
16 July 2019 at 21:12

Issue of tds exemption

I am not under tax audit. and I am proprietor of a building construction company. I have heard that each and every individual is not required to cut down TDS on any sort of professional charges under section 194-J if the professional charges are below Rs 50 Lacs as per the recent amendment.


sunthara pandian

Please guide me I want to change my Auditor (Principal) on a mutual agreement I want to quit the articles from the current Auditor on health cause. I had completed 2 Year 4 Months Articleship. Can any one please tel me the procedure of Termination of Articles. And also tel me what kind of situations I may face in future because of this termination. and my principal is not given to approval letter. what is the another way is in the articleship termination.






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