Sir,
It female assess some value of jewellery sales capital gain applicable in it act.

Hello Sir/Madam, Kindly Enlighten me on this Topic E-invoicing. Who are all to get registered under the Invoice Registration portal? Is it Mandatory to use ERP software ? Will it be similar to GSTR 9C filings? Whats the role of GST suvidha provider? Thanks in advance.

Can we issue credit notes for the transactions in 2019-20 in gstr 9 of the same FY(2019-20) now? If yes, Will it effect the sales for the same F.Y as the time period for filing the gstr 9 of 2019-20 has been expired.


Thanks in advance

hello everyone i have some equity purchased so questions regard that.

what is the limit to buy equity out of india?

if i make profit in selling and then I make loss of same amount within same accounting year over other equity then do i have to pay tax over that first profit or that loss will minus that profit?

is there any other taxes other than income tax on out of india equity purchase?

what is the tax free limit of profit from equity from india or out of india?

i run proprietorship business. help is needed

Dear Sir
We purchase a material from Mumbai and direct supplied to Tamilnadu but now tamilnadu vendor refused to make the payment in this month. He gives the payment in next month.

Now decided we will purchase the material from Mumbai party and take a warehouse on rent in Mumbai to store material after that when Tamilnadu vendor will done the payment we release the materiel to him.

We can not understand how to make billing process for this, please help

1. TDS provisions applied in FY 2019-20 & FY 2020-21.
2. Turnover in FY 2020-21 is less than 1 Crore.

Does TDS provisions apply for FY 2021-22?

Sir / Mam

We are GTA . We are paying for bio- diesel on behalf of sub-contractors and adjusting it against their payments and not for own use.

How ever, the supplier of bio-diesel issues invoices in our name.
In our software, the daily consumption can only be accounted from supplier to sub-contractor.
We can see only the outstanding liability to supplier and the payments to be adjusted from sub-contractors.

As we are not eligible for availing gst inputs, We are not accounting the stock and not showing the expenses in books but We are accounting the supplier as creditor.

Kindly advise us whether this system of accounts is correct or not.

Thanks in adv

Paid Rs. 1 Lakh advance against Supply & Installation Works, as per PI Rs. 100000 to be paid for supply and 15000 for Installation

Is TDS to be deducted on the same, this could be the first and last transaction with vendor

Respected Sir,
I have to apply for GST Refund for the financial year 2019-20. Application shall be filed yearly or shall be filed quarterly. Please let me know the method of filing. The whole financial year is totally NIL filing because there is NIL sale during the whole financial year 2019-20.

I have a query regarding the calculation of gross taxable income in India and mentioning of foreign income in schedule FA for FY 2020-21.
FY India -1st April 2020 to 31st March 2021
Accounting period of US-1st January 2020 to 31st Dec 2020, so
1. Foreign income for a period from 1st April 2020 to 31st March 2021 is to be considered for computing gross taxable income and tax liability for FY 20-21 in India.
2. But, while mentioning the foreign income under schedule FOREIGN ASSETS, I have to mention my foreign income for a period from1st January 2020 to 31st Dec 2020 i.e. accounting period of US, even though I mentioned foreign income for a period of 1st Jan-31st March 2021 for calculating tax liability in India for FY 20-21.
3. And, in case of foreign income for a period from 1st Jan-31st March 2021, I have to mention it under schedule FA for FY 21- 22 in India.
Is this correct?