K
Kris
Is it necessary to pay from firm/proprietor's account to avail input tax credit
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No it is not necessary but it is advised to pay the same through firms account only.
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Rahul Jain
I've opted for composition scheme since 2017 and receive rental income of around 4.8 lakhs per year and TDS is being deducted in abovesaid amount. I've received rent in FY 19-20 and FY 20-21 and receiving till date. I came to know now that I cannot avail composition scheme if receiving rent. What will happen to my GST cases of FY 19-20 and FY 20-21 as I have committed a mistake in these two years. Will I get any demand or notice?
V
Vishal Suneja
Hello! I have sold a Capital Asset on 08 Jan 2021. I understand that I should have invested in S.54EC Bonds on or before 08 Jul 2021. However, has the Government of India increased the timeline for such investments to 31 Dec 2021 in the light of the COVID-19 pandemic? Please advise. Thank you very much.
I think that increment was till 30.09.21 and not till 31.12.2021.
Read more at: https://www.taxontips.com/due-date-for-filing-tds-return-q4-fy-2020-21-application-for-trust-re-registration-claiming-tax-exemption-u-s-54-etc/
G
Giridhar
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Dheeraj Kumar
Me and my father both are in govt service. If i propose and pay the health insurance for my parent(*mother+father) will i eligible to claim tax rebate under u/s 80D?
