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Question & Answer


S

Syam Sundar Rao

15 Sep 2020

Sir I have incorporated One person company in July 2020. While incorporation i got registered with EPF with spice facilities. Currently i dont have any workers and work orders also with me. My question is whether i have to file nil returns in EPF website or stay calm until the provision gets attracted?

Replies (2)                          

CA Rakshit Jain       15 Sep 2020

call at 9587334442 to discuss the issue

CA Jaya Agarwal       22 Sep 2020

First I need to know, whether oyu fall under sec 44AA (i.e.) books of accounts required to maintain or not. If yes, you can show it under Liability head in BS, no treatment in ITR or income part of that money.
For more details call at 7667559772, ca.jkagarwal2011@gmail.com

T&C apply


A

Anurag Kumar

14 Sep 2020

I want to buy a solar operational asset commissioned 2 months back . The asset will undergo a slump sale to my company.The seller says that they will novate the PPA and there won't be any requirement of paying GST and stamp duty on it.Is this true?

Replies (2)                          

CA Rakshit Jain       15 Sep 2020

call at 9587334442 to discuss the issue

CA Jaya Agarwal       22 Sep 2020

First I need to know, whether oyu fall under sec 44AA (i.e.) books of accounts required to maintain or not. If yes, you can show it under Liability head in BS, no treatment in ITR or income part of that money.
For more details call at 7667559772, ca.jkagarwal2011@gmail.com

T&C apply


P

Piyush Sharma

13 Sep 2020

What permission/license are required to integrate affiliate marketing program in business? And how much it cost to make affiliate marketing program policies for business?

Replies (2)                          

CA Rakshit Jain       15 Sep 2020

call at 9587334442 to discuss the issue

CA Jaya Agarwal       22 Sep 2020

First I need to know, whether oyu fall under sec 44AA (i.e.) books of accounts required to maintain or not. If yes, you can show it under Liability head in BS, no treatment in ITR or income part of that money.
For more details call at 7667559772, ca.jkagarwal2011@gmail.com

T&C apply


S

Syed Hussain

13 Sep 2020

I have no income. I do share marketing with my brother money..I got a notice from INCOMETAX for non filing return.So what I do now

Replies (3)                          

CA Naman Maloo       13 Sep 2020

Have you earned any income?
If yes file the return.

CA Rakshit Jain       15 Sep 2020

call at 9587334442 to discuss the issue

CA Naman Maloo       20 Sep 2020

You must first book consultation with expert and understand the notice. Read this to understand more: https://www.taxontips.com/why-is-filing-loss-return-important-your-pan-has-been-flagged-for-not-filing-return-of-income/

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R

Rishi

11 Sep 2020

In previous financial year, 2019-2020. My company paid me joining bonus but in current financial year, 2020-2021, I m leaving the company so I have to repay the joining bonus. Still I haven't filed the ITR for Last financial year, 2019-2020. So while filing ITR for 2019-2020 can I claim the tax return on my joining bonus?

Replies (2)                          

CA Naman Maloo       13 Sep 2020

You can but if they ask for the mismatch you will have to provide which you won't have as bonus will be returned in this financial year.
If you need professional assistance feel free to contact me at canamanmaloo@gmail.com

CA Rakshit Jain       15 Sep 2020

call at 9587334442 to discuss the issue

T&C apply