HOW TO WRITEOFF STOCK IN BOOKS IN CASE OF FIRE.
AND HOW TO BOOK THE SAME AS EXPENSE IN BOOKS OF ACCOUNTS

Dear sir

I had invested in mutual funds in 2012 (abt rs 2lacs). I encashed those in 2021 (abt rs 5.5 lacs)

Is this capital gain taxable? i am salaried employee which ITR is applicable in my case to show bank interest and capital gain and some small gain/loss on shares.

thanks and regards

Case -1
GST on Discount Received from Cement Manufacturer, Goods and Services Tax - GST

Proprietorship business concern has been registered under GST Act and business of wholesales cement purchasing from cement manufacture. This proprietorship business concern received large amount discount from manufacture without effecting any GST is correct or wrong? If wrong who is liable for GST invoice of discount and payment of Tax?

Case-2

The assessee (Registered under GST - Main Business - Selling Cement) has provided his trucks (4 truck) to GTAs (No agreement exists) and earned freight on trip-by-trip basis.

The Assessee received NET amount from GTA after deduction for Cash paid to driver for trip expenses & diesel expenses from Total Agreed freight on distance basis.

Que. 1. What is the classification of this service & SAC ?

Que 2. Whether the amount of freight received after deduction from GTA is taxable ?

Que. How to declare in GST Return while filing by the assessee.

Case-3

In addition to above the assessee is also plying trucks for carrying goods to unregistered persons without issuing any documents.

Que.1. Whether amount of freight is taxable ?

Que.2 How to declare in GST Return while filing by the assessee.


Please provide answer with support of any order/ judgement etc

Retention Bonus paid to employee in the financial year 2020-21 and recovered back from full & final settlement in financial year 2021-22 as the condition of not leaving the company for one year was not met. Can the amount recovered back be claimed as deduction by employee?
Request for an advice in terms of the position under Income Tax Act!

I have 49 lakhs as professional income (194jb) in my traces and 4 lakhs as salary income(192).
Can I use presumptive taxation so that my gross income will be 24.5 lakhs+4. Am I required to keep a book of accounts.

An individual sold his residential property for Rs. 90 lacs and his capital gain amount is Rs 45 lacs after indexation. The time period for depositing money in capital gain account is the last of filing ITR which in this case if July 31, 2022. However he has already initiated a purchase transaction for buying a land from development authority (Govt body). He has paid about 15 lacs which is 10% of the new property. The remaining amount is to be paid within next 2-3 months.

Does he still need to deposit amount in capital gain account.

If my Net Taxable Income solely comprising of Capital Gains is more than 2.5 lakhs but less than or equal to 5 lakhs then is tax liability Nil due to Rebate u/s 87A? If Tax liability is Nil then do i need pay Advance Tax on any of the installents if income earned is upto 5 lakhs??

Sir,
A person (brother) immovable property gift received from another person (sister). after another date some amount pay brother cash gift to sister.
Question:
Above mentioned gift transaction taxable or exempted in it act.

Dear Sir,

One of my client is having a land in his village and he gives this land on contract basis to others and earns bulk amount as income in 3 years time for using his land.

The income is deposited in my clients relative's bank account who stays in village and then the relative transfers money to my clients account.

My query is whether this income is taxable to my client as he is the owner of the land.

Please help me in this matter.

Regards,
Divyesh Jain

Sir,
My client is engaged in providing and supplying of grill , railing etc. He submit ITR 4 for his business ,salary and other sources of income. He received cash INR 10,00,000 from a sources and invested in KVP in Post Office during FY 2021 -22 time to time. This investment is shows in AIS of the IT site.
How to manage this Income in ITR? Is I include this income with business income and pay tax on 8% profit or more or declare this income as other sources? If I show this income as other sources then the taxpayer will bear a huge tax amount Experts, Please show me the right way Thanks