Is loan repayment for individual without interest is taxable
Aug 09, 2021
By: jagathkumar1967
0 Answers
Will i get tax exemption for capital gain under section 54 in that case when I sold the property which was registered with my name but I want to buy the property and get to registered with my wife name. She is not working anywhere and a housewife.
Jul 09, 2021
By: dipesht123
Is it legal to borrow money from 5-10 friends and invest in stock market and pay them interest based on returns earned. Are there any implications of UDS 2019 on this?
Jun 02, 2021
By: ankitagarwal3925
Is deduction under secion 80 DDB for expenditre on covid 19 treatment allowed in Assessment Year 2021-22
May 26, 2021
By: abhimeh78
Due to the present situation I m not able to sell my 1 bhk and I have already entered a deal for a new flat. Now, Suppose if I buy a new flat by breaking my fd''s. Later on once my earlier flat (1bhk) gets sold then can I invest in my fd''s again or will I hv to reinvest in new property to avoid capital gain tax.
Apr 26, 2021
By: mehullin
I am trading in stock market and earned profit of Rs8 lakh (STCG) and intraday profit of Rs25000 (Annual turnover Rs1.25 Cr). I don''t have any incomes other than trading income. Made investment of Rs 1.5 lakh u/s 80C. 1) which ITR to be filed? 2) whether the income to be treated as business income or STCG? 3) is tax audit required? 4) is presumptive tax scheme beneficial
Apr 18, 2021
By: yaragolpb
Uniform stitching with materials for our employees. Shall we avail ITC?
Mar 15, 2021
By: balki220674
1 Answers
If the following conditions are satisfied then you can claim ITC 1) Is Company having a factory and does this uniform for that factory employees 2) Is the ITC reflecting in GSTR2A and GSTR2B 3) Does the payment has been made to the supplier within 180 days If the above conditions are satisfied then the employer can be taken ITC
By: mu7170
Is Unacadmy is better option for CA final virtual classes
Mar 06, 2021
By: sankpalsuraj124
I have never personally experienced the teaching from Unacademy, but there is a popular saying that they teach good.
By: SanjiyaBansal
1. Is EPF employer contribution excluded or included in Rs. 250000/- tax-free interest w.e.f. 01/04/2021. 2.Is PPF deposit in addition to Rs. 250000/- or not
Feb 11, 2021
By: rajeshsheel
Interesting I also don’’t know the answer please anyone want to help to find the answer?
Fees of beauty course in academy is Rs 1,70,000 inclusive of 18% GST .However , Academy offers 60 % discount on Rs 1,70,000. After given discount value comes to Rs 68,000.However Academy levied GST on invoice on full amount Rs 1,70,000 and not on 68,000. And asked customer to pay total Rs 68,000 + Rs 30,600 i.e total Rs 98,600 on invoice. Is this right? Is this ok to levied GST on full prise i.e Rs 1,70,000 and not on Rs 68,000.?
Nov 30, 2020
By: kushkushwah85
By: AamaniBasu
I am currently an exempted service provider, my work is foodgrain transportation. I have gave GST in vehicles reparing expenses bills & claimed of ITC in 3B according to 2A. though my tax liability is zero. Will I get a rebate in future in any tax liability or will I have to reverse it and pay through DRC?
Oct 14, 2020
By: khanmdkarim
By: SonamApte
I am having long term capital loss from mutual fund and I had reinvested the redeemed amount in another mutual fund. If I don''t want to setoff or carry forward the loss. can I fill ITR-1.
Sep 25, 2020
By: anjaankumar2018
Mutual fund taxation differs on the basis of the type of mutual fund (equity or debt oriented) and the period of holding. Gains from the sale of equity mutual funds held for less than a year.
Sir I went on Pilgrimage Foreign Travel to perform Haj in 2019 . Have I to disclose in new ITR1 form . Kya Pilgrimage Foreign Travel ,Haj/Amarnath yatra excluded h
Sep 17, 2020
By: merajlko58
By: AmitaJ
We had made the investment in the seven year GOI 7.75% taxable saving bonds February 2018 which will be maturing in February 2025. The query that we have is as under : Since the proceeds of this investment will come only in February 2025, do we need to pay advance tax in 4 tranches - June 2024 - September 2024 - December 2024 Or would we need to pay tax in March 2025 after we receive full maturity proceeds in February 2025
Sep 08, 2020
By: saibhartidudeja
Sep 09, 2020
By: MahikaSuri
I am manufacturing of solid bricks and supply this to both SEZ unit and others. Can I claim the input purchased for SEZ area work?
Aug 25, 2020
By: anilkumarstp
By: KamanaVerma
I am buying a property from a joint owners of a property (NRI husband, NRI wife and Resident mother). Mother and wife are providing a consent letter for the funds to be disbursed to single person I.e. their son/husband. The property value is 76lac hence I’ll be deducting 22.88% TDS (as seller is NRI). Can I file TDS for a single seller(only single 26QB against husbands pan) to which I’m paying the full funds? This is what sellers CA is expecting.
Aug 23, 2020
By: natunitishus
I have a query. Director has withdrawn Rs 60 L in June 2019 from his One Person Company whose share capital is Rs one lakh only. This Rs 60 L is given out of Reserve & surplus of the company. The company has not taken any loan from any bank or anyone. How to treat this entry. Pls advice. If, it is to treat as a loan to a director, then can it be interest-free. If, Director refund the amount in current f.y. i.e. 2020-21, then what to treat this amount in the balance sheet. Pls advice.
Aug 11, 2020
By: kmlshtripathi
By: SaaryaBanik
Research organisations are given concessions rate for GST vide notification 47/2017. As a reseller who purchase instruments at 18% how to recover the difference in tax?
Jul 02, 2020
By: vssound
If Registered person receives Security Services from Registered person which attract RCM? Then which type of Invoice shall registered services provider issues ?
Jun 16, 2020
By: ebitwarshivani2812
The service recipient would be liable to pay tax at the time of supply as determined under Section 13(2). For the services rendered during December, 2018 the invoice would be raised on 7th, January, 2019 and payment would be received thereafter.
By: AhujaTara
What type of invoice is required to issued for supply of non taxable goods or services by a registered person?
Jun 04, 2020
The tax invoice required. The GST law state that any registered person buying goods or services from an unregistered person needs to issue a payment voucher as well as a tax invoice.