Experts : 1 Days Post

Displaying all posts within 1 days

CA R SEETHARAMAN

19 May 2024 at 19:38

Posted On : 19 May 2024

In Reply To :

Tax payable amount and itc adjustment in portal

Balance after deduction of ITC as explained above tax payable.
Can't you not work out.

Ranjeet Singh

19 May 2024 at 19:04

Posted On : 19 May 2024

In Reply To :

Tax payable amount and itc adjustment in portal

Can you explain what is tax payable

Lucifer Rodriguez

19 May 2024 at 18:33

Posted On : 19 May 2024

Tally ERP 9 Entries

1) Bonus Paid to Factory Worker Comes Under Which Head Direct or Indirect?
2) Overtime Paid to Factory Workers Comes Under Which Head Direct or Indirect?
3) Leave Encashment paid to Factory Worker comes under which head direct or indirect ?
4) Payment done to Outsource Technican for Installation of Site Equipment
5) Payment done to Municipal Corporation towards tax

CA R SEETHARAMAN

19 May 2024 at 18:12

Posted On : 19 May 2024

In Reply To :

Capital gain on acquisition of land by government (Direct purchase through agreement)

Capital gains tax not applicable in such a case.

Dhirajlal Rambhia

19 May 2024 at 18:03

Posted On : 19 May 2024

In Reply To :

Change of Tax Regime in case of Income from Business - Profession

Yes, you will get chance to change to Old regime for one time.

ABHI KUMAR

19 May 2024 at 17:46

Posted On : 19 May 2024

REGARDING ADDITIONAL PALCE OF BUSINESS

EK SHOP JO GST MEIN REGISTER HAI
SAME CITY MEIN USKI 2 ADDITIONAL BUSINESS PLACE HAI
JO HAME GST PORTAL PAR ADD KARA RAKI HAI

KYA SABKI BRANCH WISE ACCOUNTING KARNA MANDOTORY HI HAI EK JAGAH SE HI SALE PURCHASE KAR SAKTE HAI

PLZ REFER SECTION

THANKS IN ADVANCE

Swapnil

19 May 2024 at 15:46

Posted On : 19 May 2024

Change of Tax Regime in case of Income from Business - Profession

I am having Income from Business & so i am filing ITR 3 for FY 2023-24

My Tax Liability under both Old and New Regime is Nil

But ITR form is showing New Tax Regime as default regime. For Opting out of new regime, i have to file form 10-IEA ?

In all earlier years i have filed return under Old regime.

If I file return for FY 2023-24 under New regime , Can i Switch to Old Tax Regime in future Financial Years. ?

Abhinav Gupta

19 May 2024 at 15:18

Posted On : 19 May 2024

Issue with IMP IGST claimed in another state for stock transfer to Amazon FBA warehouse

Issue pertains to FY 19-20 where client has two GST registration one in Delhi another one in Karnataka, now goods sent to FBA warehouse in Karnataka state but this hasn't be shown on GST portal as interstate sale movement, and IMP igst input is directly claimed in Karnataka state, annual return has already been filed without showing this interstate stock movement.

Now notice has been received from Karnataka GST stating no input available in 2A for that FY and demand has been raised. Now what can be done, how can it be resolved now. Any help would be appreciated

John JRP

19 May 2024 at 14:22

Posted On : 19 May 2024

TDS Q4 24Q filing - FY2023-24

Please help to resolve the below issue

Travel Concession or assistance [section 10(5)], House Rent Allowance [Section 10(13A)]

T_FV_6354 If 'N' is selected for field 'Whether opting for taxation u/s 115BAC? OR Whether opting out from taxation u/s 115BAC(1A) (Applicable from FY 2023-24 onwards) [Yes/No] ', then no value should be specified under this field for statements from FY 2023-24

Vaibhav Kumar Agrawal

19 May 2024 at 13:01

Posted On : 19 May 2024

In Reply To :

Capital gain on acquisition of land by government (Direct purchase through agreement)

I also request other experts to provide their valuable opinion

Vaibhav Kumar Agrawal

19 May 2024 at 13:00

Posted On : 19 May 2024

In Reply To :

Capital gain on acquisition of land by government (Direct purchase through agreement)

After going through the the case what is your opinion sir ??
Whether capital gain tax is applicable or not

CA R SEETHARAMAN

19 May 2024 at 09:33

Posted On : 19 May 2024

In Reply To :

Term Loan Interest Show Under Capital Account

Yes, credit term loan taken in the capital account and debit interest in capital account of proprietor.

CA R SEETHARAMAN

19 May 2024 at 09:25

Posted On : 19 May 2024

In Reply To :

Tax payable amount and itc adjustment in portal

First total IGST opening and current month adjust 50% against cgst and 50% against SGST, then adjust current month cgst and SGST.
Pay the balance cgst and SGST.

CA R SEETHARAMAN

19 May 2024 at 09:19

Posted On : 19 May 2024

In Reply To :

TDS on income generated Outside India

No need to deduct TDS again in India

Ranjeet Singh

19 May 2024 at 08:14

Posted On : 19 May 2024

Tax payable amount and itc adjustment in portal

Can any body tell me what is the tax payable in this situation I don't know how to set off on the portal tax payable cgst - 29795 sgst - 29795 igst - 0
Itc opening balance - igst 4223
Current month itc - igst - 24949 cgst - 3210 sgst - 3210 please tell me and solve it

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