17 September 2019 at 20:33

Business loss carry forward

i have filed itr of a.y 2017-18 after due date loss of that company 9500/- in that year. and i have filed itr of a.y 2018-19 before due date losses in that year 28789 now i just filing itr for a.y 2019-20 profit for the year 41702 now can i adjust loss for a.y 2018-19 amt of rs 28709/- . i cant adjust loss for the a.y 2017-18 bz i have filed itr after due date than what i do pls suggest me what i treat of amt of rs 9500 in book of account...????


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17 September 2019 at 13:00

Sec 269SS and Sec 269T

ABC Pvt Ltd, a finance company had made a Gold Loan Advance of Rs 25000 in cash to customer on 10/08/2019 and the Customer Repaid it in cash amounting Rs 28500(including interest) on 10/09/2019.
1. Provide Expert opinion on Applicability of Sec 269SS and 269T on the above transaction.
2. In above transaction, which person will be held liable for the Sec 269SS and 269T (company or Customer)?


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17 September 2019 at 12:30

Shares allotment date

Where can we get shares allotment date,


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17 September 2019 at 10:46

UDIN

While generating UDIN whether the auditor will have to upload the balance sheet of the client also. Please let me know the procedure for uploading the UDIN.


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16 September 2019 at 17:41

Income tax

My question is
What will be the date of sale of constructed property
Date of "agreement to sell" or date of "sale deed" ( registry)

For capital gain calculation When one has received 70% earnest money and rest equal amount in one year


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16 September 2019 at 16:48

UDIN NUMBER ON TAX AUDIT REPORT

IF WE FORGOT TO GENERATE UDIN NUMBER BEFORE UPLOADING AUDIT REPORT. AND GENERATE IT AFTER UPLOADING THE REPORT. WHAT WOULD BE THE CONSEQUENCES...................


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Please advise whether the clubs registered under Societies Registration act 1860 should have to pay income tax if not registered under sec 12 of IT act


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16 September 2019 at 14:45

Income Tax for Musicians

In which category should I register my music band to so that it falls under the lowest tax bracket. Eg. as Partnership or LLP or Society or any other category? Would appreciate if anyone can help.


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Below case laws the above provision is not applicable for Trust Since Its part of Budget 2018 so same Should be applicable after 01/04/2019 In the case of Mrs. Sushila Mallick vs. ITO reported in 19 com233, the Hon’ble Lucknow ITAT has held that the brokerage had been paid on account of sale of the properties, the income of which had been shown under the head ‘short-term capital gain’. The selling of properties was not the business of the assessee and, as such, the amount involved in the transaction relating to the selling of properties was not the part of turnover of the assessee. In view of same the Hon’ble ITAT held that in facts of the case the provisions of Section 40(a)(ia) of the Act is not applicable. •In the case of Mahatma Gandhi Seva Mandir vs. DDIT(Exempt) reported in 21 com321 the Hon’ble ITAT has held that the exception in Section 40 is carved out, only for the purpose of Section 28 and not for computing the exemption of income of a charitable trust under Section 11. The disallowance made under Section 40(a) will only go to enhance the business profit of an assessee whose income is assessable under Section 28 and not otherwise. Hence, provisions of Section 40(a) are not applicable in case of charitable trust or institution where income and expenditure is computed in terms of Section 11. Mahendra Doshi 15/09/2019


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16 September 2019 at 11:20

TDS on interest on subordinated debt

TDS on interst on subordinated debt shall be deducted under which section?


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