V
Vish
In india can indirect tax considered as indirect income if not paid earlier
Facebook
Twitter
Linkedin
A tax liability due but not paid will remain statutory liability to be discharged. However, in case the liability is longer required to be paid and needs to be written off then it will become Income of the assessee.
Vish 25 Jul 2020so than i dont need to pay indirect tax (Service/VAT tax) again separately?
We would need to analyze the exact facts of the case. Kindly share the same at deepakkucheria@gmail.com so that we would be able to give you apt opinion.
T&C applyS
Sanjeev Sharma
I want to purchase a flat
S
Siddharth
I have field a return for AY 19-20, but it is still not processed and status shows transferred to AO... I've opened a Grievance with AO but have been advised that the right is still with CPC bangalore and it has to be processed by them. When I opened a grievance with CPC bangalore they have advised that they can't do anything it has to be looked into by AO only. I have submitted around 10 grievances on this but both AO and CPC Bangalore are closing it mentioning each other responsibility.... Kindly advise any other way forward as no party is ready to process it.
As per my opinion, once the return is transferred to AO, CPC cannot do any further processing. The AO has to process the return. You can file a letter with the AO, attaching the status as per the portal and a copy of your return and computation sheet and get an acknowledgement on the letter from the AO.
Siddharth 29 Jul 2020Thanks for your response. Can you guide how to file a letter, as eGrievance itself AO has revert with a letter in e proceedings that it has to be looked by CPC bangalore. So I already have a response from AO
CA Abhinandan Jain 7 Aug 2020You can contact on jainabhi189@gmail.com or 9860356763.
T&C applyK
Khursid
How much cash deposit allowed in an annual year in saving account.
As such there is no limit of cash deposits in Saving Account. However, certain points to be noticed which are as follows:
1. Without giving PAN: cash deposits allowed upto 50000 in single transaction
2. If cash deposits exceed 1 crore in a year, ITR to be filed mandatorily.
For more information, kindly contact at deepakkucheria@gmail.com
A
Aditya Deepak Gavand
I have build website where I build community so do I have to register it if do so what is procedure
As a service provider you might need to get registered under GST law. Please contact at deepakkucheria@gmail.com to discuss the exact requirements as then we would be in a better position to guide you.
T&C apply
