1. Not at all. 2. Yes. 3. No. just bank statements. 4. If not declared in gift receiver's, query may be raised. 5. If properly explained, no need to worry. 6. Yes. 7. Yes, if its your own capital. 8. Forget about previous transactions, keep the documents properly now onwards.
1. क्य़ा ये जरूरी है कि 50 लाख जो दोनों बेटों को दिया है और वो इसी financial year में वापस father के अकाउंट में transfer करदिया गया है उसे गिफ्ट लेनदेन ही दिखाया जाय?
2. क्या इसे उधार के तौर पर नहीं दिखाया जा सकता है या कहा जा सकता है जिसकी बेटों ने FD करायी और 4 महीने बाद FD तोड़कर फादर को पैसे वापस कर दिए?
3. उधार दिखाने या बताने के लिए कोई पेपर बनावे की जरूरत है?
4. मेरा CA कहता है कि गिफ्ट को receiver और giver को ITR में दिखाने की जरूरत नहीं है क्या ये सच है?
5. It wale koi objection to nahi करेंगे? इस transaction पर?
6.गिफ्ट डीड जा जिक्र न करना ही ठीक रहेगा क्या? 7. मैं उस पैसे की FD KAEWA सकता हूं 50 लाख की? 8. IT wale परेशान तो नहीं करेंगे? क्युकी पहले भी मैंने 50 लाख अपनी FD mature से हू बेटों को दिए थे
we tio file ITR FY 2024-25 26AS shows cash withdrawal in section 194NF AIS shows cash withdrawal in section 194N generally 26AS ,194NF CPC will add the amount as income how to proceed now pl advise us
We received a demand in GST portal tru DRC 07 and we made the payment through " Payment Towards Demand " option under " Ledger ". We made cash payment through Create challan and finally OFFSET the demand through the Available cash in the Cash ledger. After this, we did not get any ARN. But, the demand, which was there earlier has disappeared now. Is it all or is there any follow up action to be done by us ? Why no ARN has been generated ? Pls. Advice.
Sir / Madam, Our Company has owned one Ground Mounted Solar Plant and get commissioned the plant in the year 2023. While procurement GST rate was 70% of project cost @12% tax and 30% of project cost @18%. And we claimed and utilized the ITC. We are utilizing the full power units generation to our textile unit(Group Captive). Now we propose to sell the entire plant. Kindly advise us what is the correct GST tax rate
Query No 1: whether 70% of the project cost @5% ( present solar modules tax rate is reduced to 5%) and remaining project cost (30% )@ 18% or
for entire project @ 5% tax rate as it is used and old.
Query No 2: Kindly advise us whether our understanding is correct or not. While selling the plant we should have to reverse the ITC proportion distributed to 60 months as we are going to sell the plant within 5 years.
Kindly clarify that
whether we have to reverse the ITC proportion or no need to reverse the ITC we claimed on the project.
Entire purchases of one of my client is from unregistered dealers and entire sales to registered dealers. How to show the purchases in GSTR ? Whether RCM is mandatory in this case ?
Namaskar Sir/Madam My brother is an OCI card holder with a PAN He has does not have an aadhar card and has not filed returns in India for the last 30 years. His PAN is active but in inoperative state Since he cannot get an Aadhar since he is not going to spend 180 days in India, how can he make his PAN operative He wants to sell his house and wants to pay the applicable Capital Gains Tax @12.5 Can you kindly advice pls ? Thanks
In ITR-U, you must repay refund already received along with additional tax and 25% extra tax under Section 140B. The utility is not validating because you are calculating only incremental tax. Updated return replaces the original return entirely, so refund received must be added back while computing tax payable.
TDS deducted by builder can be claimed only after the financial year ends by filing your income tax return. Refund depends on whether hardship compensation and corpus are taxable in your case. If your final tax liability is lower than TDS deducted, the excess will be refunded.
For reversal of ITC of FY 2022-23 due to supplier non-payment, use DRC-03 and select “Voluntary payment before issuance of SCN” under Section 73 (unless fraud alleged). Pay tax and interest in cash to the extent ITC was utilized. Avoid selecting mismatch option. Proper filing protects against penalty escalation.
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