Dear Sir,

Greetings!

I have been associates with one of the Education Institute. One of donors inform that he is director in his company and he wants to donation some amount u/s 80G. He will issue the cheque from his personal account however, he provided his company PAN no and suggested to record the donation in favour of his Company and donation receipt should be issued in favour of his company.
My quary is whether
donation receipt be issued in favour of Company although the cheque is given by director from his personal account.
What is Income Tax Rules says about recording of donation u/s 80G. i.e. donation receipt should prepare as per name given in cheque or name given in PAN No.

Should Institution take any declaration from the donor in case of receipt issued in his Company name although the cheque issued from personal account.

I seek valuable feedback from the experts..

Regards

Sir.
During Oct return I just checked 2A, it found that cetain transaction input not come Oct return. While checking it found that it is related to hotel bill . It is igst .
My doubts is it automatically removed from 3B, because this input not eligible for Itc
One more Is it happen due to IMS .
I have not done any update in IMS. Here we can see IMS details.
Please advise

How many years of purchase should we assume for calculation of goodwill by super profit method if question doesn't specify us anywhere?

I HAVE PURCHASE GOODS BUT I NOT PAID AMOUNT IN 180 DAYS DUE TO POOR QUALITY OF GOODS ALSO I NOT REVERSE THE INPUT BY MISTAKE.PLEASE ADVICE ME WHAT WILL BE FINE OR PENALTY?

Sir,
We had an export sale of Rs. 1 crore, and the customer subsequently became insolvent. We filed a claim with ECGC and received Rs. 80 lakhs as compensation, resulting in a financial loss of Rs. 20 lakhs.

Our query is as follows:
Are we required to reverse the Input Tax Credit (ITC) claimed on raw materials used in manufacturing the goods for export, corresponding to the loss of Rs. 20 lakhs?
How does this situation affect GST compliance, and what is the reversal impact, if any, under GST law?
We seek clarification on the appropriate treatment of ITC and GST in this scenario.

Dear Sir, I have a case where which was appealed in the first appeals challenging the constitutional validity of the notification issued ie. before the Commissioner Appeals, but I lost the case as the appellate authority has not considered, hence, now can I go directly to the High Court ie. Writ Jurisdiction/Writ Court, while by passing the Tribunal which is supposed to be the next forum to go. kindly advice.

Read more at: https://www.lawyersclubindia.com/experts/certain-clarification--763616.asp

As per GSTR 1 of October 24 GST payable liability is as follows
IGST Rs.45,909/- CGST & SGST each Rs.50,583/-
ITC credit balance i.e. c/f till Oct 24 and of Oct 24 is
IGST Rs.NIL CGST Rs.15,679/- SGST Rs.19,19,852/- Cess Rs.2,24,221/-
Portal while filing GSTR 3B is creating demand of Rs.50,583/- towards CGST
My question is can the itc credit lying in SGST be utilized against CGST liability
also what is the procedure which forms need to be filed ?

I am moving to India for good. I shall be a resident this year in India. I have the following accounts, income, assets in USA.

Checking account - Shall declare it in schedule FA for FY 2024-25

Income from salary - Shall declare it in schedule FA for FY 2024-25. Is this declaration needed? I have this salary amount credited to the checking account and will already declare this checking account balance. And will the period of reporting be Jan 2024-Dec 2024 or April 2024- March 2025? Have some income in January 2025 as well

No 401k, pension plans etc.

I have employer medical insurance, accident insurance, vision, dental. - Anything to declare here? Or any accounts to declare? These plans will be terminated when i leave my employer.

Social security and medicare taxes were deducted from me and also employer paid equal amount of taxes that i paid. - Is there any reporting for this? Account number or anything? As far as i read, these are not my assets and i don't hold any of these. Anything needed to do for these?

I looked at my pay check and see a point in my paycheck under earnings. It reads employer contribution to insurance plan. The same amount is deducted from me as well. This amount however is not included in my gross income in the usa pay slip. As an Indian resident should this be added to my gross income when I report it in Indian ITR or should I report my gross income only and not add this since it's a benefit rather than an income.

Also, My employer contributes 50% to a group medical,accident, vision, dental plan and I pay 50%, Is that included in my taxable income in India?

Also, Social security and medicare taxes are deducted from my gross income and the employer paid the same amount from their end as well. Is the employer part of the taxes to social security and gross income considered my income in India?

Dear Sir,

One of my client needs to finally settle his PF Claims, request you to kindly advice which Form should be selected for Final PF Settlement. Awaiting for your kind response.

Warm Regards,
Aditya Ghatge