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1.It returns non filed small business person f.y.21-22 and f.y.22-23 two years it returns (itr) filed allowed for home loan purpose

2.A person loan from bank rs:10 lacs required.f.y.21-22 and f.y.22-23 how much sales turnover and profit declared in itr.

TDS amount has been calculated in basic amount & in CGST , but not in SGST 

What the entry to be passed in tally 

MAT credit accounting entries

I am retired from Bank's service as on 30.11.2022. I received earned leave encashment on retirement Rs. 1362983/- .The Bank has deducted tax as applicable. Whether it is exempted or how to take benefit of tax EXEMPTION.

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Entry of daily wages with tds applicable.

Electricity provision entry

It assessess amount transferred to friend bank account rs:40 lacs for the purpose of visa .

Question:

Assessess cash loan pay amount any limit applicable in it act.

It assessess cash gift from brother rs:20 lacs dt:20-12-22 through on bank mode after same date cash gift to son and daughter rs:10+10 lacs through on bank mode pay.

Question:

Above mentioned two gift transactions accepted in it act.

tds journal entries in sap

tds journal entries in sap

If I sell land under yellow belt i.e. agricultural land in urban area, can I buy - 

1 Agricultural land?

2 Flat in a residential building

3 Both?

It assess cash loan to friend rs:40 lacs amount  through on online mode pay.

My doubt: cash loan to friend any limit applicable in it act.

we have deducted 0.10% Tds on payment ,what will be the journal entries

it return non filed senior citizen person  fixed deposit Rs:5 lacs in sbi and another fixed deposit Rs:5 lacs in andhra bank .estimated interest income Rs:32,000+30,000  total rs:62,000/- in f.y.20-21.

Question:

A person form 15 H submit to two banks compulsory or not.

1.      " If one of my Office Staff travelling Delhi tocollect money from one customer, and after receiving money he informs me thathe received the money and send me scanned copy of the receipt of Rs. 10000.But I didn’t receive the money in cash." In this case what will be the entry in Tally?

Th    That Office Staff comes back and gave me Rs.5000 in cash and other Rs.5000 gone for travelling expenses. What will be the entry here?

 Del-Credre commission and over-riding commission

 (e) Del-Credre commission and over-riding commission

 Del-Credre commission and over-riding commission?

A individual person new pan card  number received and registered in i.t.act. if a person not taxable source of income.

Question:

A person i.t. return filed compulsory or not compulsory.

un registered dealer books:

1. A gst not regsitered small dealer books of accounts records show and submit compulsory  to any gst department authorities asked in gst act.

2.Un registered dealer books of accounting records how many years hold.

3.dealer firm name changed how many times any  limit.

cash deposits limit for sb and current account in bank:

1.A gst not registered business person and i.t. return non filed person cash deposits amount limit for sb and current account in bank account one finicial year in i.t.act.

2.A business person gst registered and i.t. return filed person cash deposits amount limit for sb and current account in bank account one finicial year in i.t.act

A I.t. Assess cash gift to wife  Rs:4 lacs through on bank mode payment.

Question:

Gift transaction taxable or exempted and any limit above amount gift taxable in I t act.

A small business person wanted bank loan for business loan.a person how much maximum turnover required for business loan.

A small retail business rice goods selling dealer accounting books upto date entries passed.but Rs:7 lacs cash balance low in books.

1.cash sales increase

2.cash loan received from different Assess 19,000*35 members 

3.cash gifts from relatives and family members each one 1 lacs*7members.

Question:

Dealer above mentioned options cash balance increased better and safe in i.t.act.

A retail business rice goods selling person purchases of site value Rs:22 lacs.but cash on hand balance available Rs:15 lacs in books as on site purchases date.

Cash balance difference amount Rs:7 lacs increased options mentioned below.

1.cash sales increased as site purchases date 

2.cash gifts received from relatives and family members 

3.cash loan received from different assess(each one rs:19,000*35 different members)

Question:

A business person above mentioned options cash increased safe and correct allowed in i.t act.

PARTY A/C DR

TO TDS A/C

WHEN TDS LEFT IN ENTRY FOR DEDUCTION .

IS RIGHT OR WRONG

Sirs, kindly let me know whether Payments to the distributors of a film by an exhibitors (Cinemas) under Revenue sharing basis covered by an agreement attract TDS u/s 194J w.e.f 01.04.2020 as per the amended provisions of I.T. Act.

For Dividend received from Foreign Company, your page (https://enskyar.com/Blogs/section-10-34-income-tax-exemption-on-dividend-income) suggests that it comes under“Income from Other Sources” and taxable @ 20% + Ed. Cess etc. Can you please let me know where exactly to fill this in ITR-2? If I put under 1.a, I think it will be computed at applicable tax rates, and under 2, I am not sure where to put this income and what will be the rates applicable. Really appreciate your advice. 

Assess accounting books maintained used for tally software.assess I.t.return filed after print out accounting copies make a book compulsory or another accounting data saving producure.

A person agricultural income received rs:4 lacs in one finicial year.assess I.t return filed compulsory 

Is pension received during employment is taxable and to be reported

One of first time i.t. return filing person capital and cash on hand introduced opening balance minimum and maximum amount shown in balance sheet as per i.t.act.

I.t. returns non filing person how much limit  of amount cash deposits and withdrawals in banks sb and ca and frd/tdr

Above limit cash transactions I.t. department detailes asked.

Opening  shown in I.t. return

Assess a small business person.

Sales turnover finicial year :2018-2019 rs.69 lacs

Sales turnover finicial year: 2019-2020 rs.80 lacs.

Assess two years I.t. return filed.books of accounting not maintained.

Question:

Assess How much amount( minimum and maximum) capital and cash on hand and closing stock opening balance as on 01-04-2018 shown in balance sheet I.t. returns under I.t.act.

Assess gst composite scheme voluntary registered in gst act recently.my doubt registered assess each quarter minimum turnover and tax payble compulsory show in composite return prescribed in gst act.

Iam finalization of accounting books data in proprietory firm.cash on hand balance in very low.old debtors balance nil in books.how to many ways (options) cash on hand balance Increased producure  reason for  some creditors written off and other  loans repayment purpose.

One individual status I.t. trader mistake recent some amount Rs.8,000,000/- cash deposit in bank sb account.if Rs.5,00,000/- cash balance negative show in trader cash book.

Question:

How to slove the cash balance negative problem rectify options in trader cash book.

A  I.t assess source of income below taxable limit in f.y.2018-2019.a person previous savings amount cash different dates Rs 12,00,000/-. deposit in bank sb account in f.y 2018-2019

Q.no.1 a person I.t. return f.y. 2018-2019 before March,2020 filed compulsory.

Q.no.2.any limit of cash on hand at end of the finicial year(March) for individual and huf I.t. assess under I.t.act.

A person (son)cash  gift  3 times  received  from father one finicial year allowed as per i.t.act.

Iam maintained small kirana stores.my turnover below 40 lacs no gst registered.any officer visit my shop which type of evidence asked.

Kindly share steps to fill ITR

I received arrears of salary of 10 years from 1998 to 2007. I am unable to determine my income for year 1998 and 1999. Can I claim relief u/s 89 for remaking 8 years and pay tax for 1998 and 1999 arrears.

The payment made to contractor exceeding Rs. 50,000 during the year, whether it is required to deduct TDS?

Whether interest earned on PPF is Taxable?

What is the rate of GST on Affordable House under GST?

What is the definition of Affordable House under GST?

If I have my taxable income of Rs. 4,95,000, whether it is taxable or not. if it is taxable what is the amount of Income Tax for the F.Y. 2019-20?

What is the standard deduction limit for the A.Y. 2020-2021?

Muncipality corporation order to his junior engineer for departmental works but the after works amount credit in Junior enginer sb account then the JE payment to labour contracter. This work was urgent basis as per muncipal Act. My Question is is it applicable TDS or not please provide dession or advice me my mail id itax214@gmail.com or cell & whatsaap No-9961449433 

Muncipality corporation order to his junior engineer for departmental works but the after works amount credit in Junior enginer sb account then the JE payment to labour contracter. This work was urgent basis as per muncipal Act. My Question is is it applicable TDS or not please provide dession or advice me my mail id itax214@gmail.com or cell & whatsaap No-9961449433 

Muncipality corporation order to his junior engineer for departmental works but the after works amount credit in Junior enginer sb account then the JE payment to labour contracter. This work was urgent basis as per muncipal Act. My Question  is it applicable for income Tax deduct or not please provide dession or advice me my mail id itax214@gmail.com or cell & whatsaap No-9961449433 

Muncipality corporation order to his junior engineer for departmental works but the after works amount credit in Junior enginer sb account then the JE payment to labour contracter. This work was urgent basis as per muncipal Act. My Question is is it applicable TDS or not please provide dession or advice me my mail id itax214@gmail.com or cell & whatsaap No-9861449433 

Muncipality corporation order to his junior engineer for departmental works but  after end of works

the amount credit in his Junior enginer SB account then the JE payment to labour contracter. This work was urgent basis as per muncipal Act. My Question is is it applicable TDS or not please provide dession or advice me my mail id itax214@gmail.com or cell & whatsaap No-9961449433 

Muncipality corporation order to his junior engineer for departmental works but  after end of works

the amount credit in his Junior enginer SB account then the JE payment to labour contracter. This work was urgent basis as per muncipal Act. My Question is is it applicable TDS or not please provide dession or advice me my mail id itax214@gmail.com or cell & whatsaap No-9961449433 

Muncipality corporation order to his junior engineer for departmental works but the after works amount credit in Junior enginer sb account then the JE payment to labour contracter. This work was urgent basis as per muncipal Act. My Question is is it applicable TDS or not please provide dession or advice me my mail id itax214@gmail.com or cell & whatsaap No-9961449433 

What incomes are charged to tax under the head "Capital Gain"?

What is the due date for filing GST annual Return for the period from July 2017 to March 2018?

Can a Composition Dealer collect composition tax separately?

What is the amount of interest on saving account is exempted?

Whether interest received on FDR is taxable or not?

Is it possible to invest in Sovereign Gold Bonds in DEMAT account?

Can I take a loan against Sovereign Gold Bonds?

Sometimes goods are destroyed or lost due to various reasons? Can a person take ITC to the extent of such goods?

Can a person take input tax credit without payment of consideration for the supply along with tax to the supplier?

Can GST paid on reverse charge basis be considered as input tax?

What is input tax?

Can Sovereign Gold Bonds be traded?

Is a minor eligible for investing in SGB?

What is TAN

I am an agriculturist, whether my income is taxable or not? 

It is necessary to attach documents with Income Tax Return?

Losses from house property can be set off up to the limit from salary income under same assessment year, thereafter balance amount can be carried forward. Losses from business cannot be set off against salary income, it can be set off against business income only.

I have loss from house property or business also, can i set off these losses against my salary income?

Are arrears of salary taxable?

Does relief from double taxation can be provided in India?

What is the financial year under Income Tax?

I have own a property which was self-occupied from April 2017 to August 2017 and then was let out from September 2017 to March 2018. How will I compute my Income from house property ?

I have purchase a property, In which year can I claim deduction of the stamp duty paid for purchase of said property?

My father is senior citizen having pension and interest income. Should he pay advance tax?

I am Non Resident Indian with the age of 65 years. Whether I have to file a return even if my gross total income is Rs 2.8 lakhs during a year from India?

FD interest is exempt under Section 80TTB or not?

I am Non Resident Indian.  if I sell a flat that I own in India, Will I be subject to capital gains tax?

Can I deduct expenses from income from other sources?

Whether Interest received on tax saving FD's is taxable or not?

Whether Interest received on tax saving FD's is taxable or not?

What are tax-saving FDs?

Is dividend received from mutual funds taxable?

Is an NRI liable for payment of advance tax?

I have been employed under 2 employers during the same year. Can I claim a basic exemption of Rs 2.5 lakhs against each of the salary incomes?

I have transferred my flat in the name of my wife as a gift. She receives monthly rental from this flat. Should she offer this as her income?

I have incurred a loss from house property. I have missed the return filing deadline. Will I lose the benefit of carry forward of losses incurred?

I have estimated tax liability of Rs. 15,000 for the year and TDS deducted by others is Rs. 8,000. Whether i have to deposit advance tax or not?

Can I use my husband name in place of father's name in PAN application because i am married?

Can assessee claim deduction under section 80DD & 80U simultaneously?

What is the maximum amount eligible for deduction under section 80C?

What is the maximum amount eligible for deduction under section 80C?

What is Casual Income?

If i Gift money to parents, then income from that money will be taxable for parents?

What is the meaning of inter source adjustment under set off & carry forward?

My turnover exceeds Rs. 2.00 crore during the year, can i adopt presumptive taxation scheme? 

What is the amount of deduction allowed under section 80TTB?

How to compute Short Term Capital Gain?

Who can file ITR-1?

My employer has deducted excess amount of TDS from my salary but my tax liability is NIL, what can i do?

I have two houses on my own name, first in which my family resides and another for my own residence. whether any tax implication charged?

What is pre-construction period?

What is pre-construction period?

Whether Interest paid on loan, taken from relatives or friends be claimed as deduction under Income from House Property?

If my income under the head "Income from House Property" is negative, can i set off such loss against my salary income?

Unrealised rent is realised during the year, whether it is taxable?

What is my taxable income, if i have total rental income of Rs. 6.00 during the year?

Can i claim/ deduct my household expenses as deduction under income tax act for calculating my taxable income?

Can a partnership firm claim rebate under section 87A?

What is Gross Total Income?

I have total income of Rs.4.50 lakh during the financial year 2017-18. I have not filed my income tax return till 12.10.2018, whether i can file a return after the due date?

If i have opted presumptive taxation scheme, what form of ITR to be filed?

I am professional. whether i can opt presumptive taxation scheme?

Arrears of salary is taxable or not?

I win Rs. 1.00 lakh in lottery ticket, whether it is taxable or not. if taxable at what rate tax has paid?

What is form 12BB?

What is self occupied property?

Is family pension taxable under the head of Income from salary or not?

What is Advance Tax?

At what rate the payer will deduct tds, if I do not furnish my Permanent Account Number to him?

Does the limit of Rs 1.5lakh imply that I can invest Rs 1.5 lakh in more than one tax-saving instrumentfor tax benefits?

I have an FDR with ICICI bank, they ask for pan number but i have no pan, my total income is Rs. 3.25 lakh and investment of Rs. 50,000 during the year. can i submit form 15G/15H for non deduction of tds?

I have taken an insurance policy from private insurance company in the name of my child, is it eligible for deduction under section 80C or not?

Whether children's school fees is allowed as deduction under Income Tax?

What is the due date to deposit TDS, deducted on commission for the month of October 2018?

What is the amount of deduction under section 80TTB and who is eligible to claim the said deduction?

Can I claim deduction under section 80C at thetime of filing income tax 

return, if I have not submitted copy of investment proof to the employer?

What is the due date for filing GSTR-1 for the month of September 2018?

What is the amount of standard deduction, Can we avail standard deduction during the financial year 2017-18?

What is the rebate amount under section 87A for the financial year 2018-19?

If my total income for the financial year 2018-19 is Rs. 3.45 lakh, can i claim rebate under section 87A?

Whether I have salary Income of Rs. 3.00 lakh and also having interest income of Rs. 1.00 during the  year, in which form income tax return to be filed?

What is the rate of TDS on professional charges paid to Advocate of Rs. 1.50 lakh?

If I have my total income for the year 2018-19 is Rs. 2,40 lakhs, whether i have to file income tax return or not?

I have not received TDS certificate from my employer, can I claim TDS for filing of ITR?

What is the Interest rate on Public Provident Fund or whether interest received thereon is taxable or not?

I have taken a loan from my employer for pursuing higher studies of my daughter, can I take interest exemption under section 80E of Income Tax Act?

I have partnership firm, can my firm claim the benefit of deduction under section 80C, if the investment made in Tax saving FDR's?

What is the amount of deduction allowed under section 80D for the financial year 2018-19?

I have paid medical insurance premium in respect of health of my family (Self, Spouse & Children) and also paid health insurance premium for my parents health, can i claim both the deductions?

I am living with my parents, can i claim HRA exemption?

I have deposited Rs. 1.00 lakh in PPF account on  31.03.2018, in which year i can claim the deduction of investment or what is the section under which it falls?

Can I submit Form 15G/15H in respect of interest income from bank or post office for non deduction of TDS?

Does the investment in NPS (National Pension Scheme) eligible for deduction under section 80C?

I have rental income of Rs. 6.00 lakh during the year, can i claim the deduction on account of repair & maintenance, if yes what is the amount eligible for deduction?

Is it required PAN number of my landlord to claim HRA exemption?

If I am investing some amount in EPF and some amount in PPF, can i claim tax deductions on both investments made?

How to calculate HRA exemption?

What are the best saving plans for senior citizens in India?

What is the difference between saving account and current account?

Can HRA be claimed along with interest on home loan?

What is the amount of deduction allowed under section 80C?

What is the difference between PAN and TAN?