Sir,

As per the new amendment in GST, a GTA would be eligible to opt for forwards charge mechanism by paying tax @ 5% (without claiming ITC by GTA in respect of services used for providing such supply). Whether this payment of Taxes @ 5% by GTA was eligible as input for the recipient?

THIS PROBLEM NOT SLOVED BY THE SOFTWARE TEAM.

Loading & Unloading Charges and Transportation are related to same then how RCM under GST applicable.

1. If a person doing rice trading and
2. Textile business.

Please explain.

Thanks in advance.

Dear sir,

I have income from salary which falls in tax slab and I have income from google for purchasing apps and showing ads but it very less around 27k for last year and other than this in my AIS I am also seeing
Purchase of securities and units of mutual funds - 9197
Sale of securities and units of mutual fund - 9266

can you please help me which ITR should I file?

thanks in advance

Dear Sir / Madam,

A Pvt Ltd owns an office purchased in 2009 for Rs. 3 crores. It is shown in balance sheet as an asset. Now A Pvt ltd is planning to sell its office for Rs. 9 crores. How show this entire sale in books of accounts and what would be the tax implication?

Kindly guide,
Regards
Suraj

in january 2019 we availed extra input 25 lakh by mistke but not find out and reversed in gst -9 after 20 months then gst officers want us 18% interest of 20 months can there is any other method to avoid it or a less percentage can be apply what is process tell me please

TDS March 31 Adjectment Entery In tally
and GST March 31 Adjectment entery in tally

Dear Sir/ Maám,

My salary package is of 5.5 lakhs. I have purchased a property of Rs.1.36 crore and have accordingly paid stamp duty and deducted 1% tax from the sale consideration value and deposited the same in central Govt Account by Form 26qb. Now the sale consideration and and deduction of TDS is reflected in my Form 26AS.

My Query is do i have to disclose purchase of the above property in my Income tax return of this year ?
I file ITR-1 every year, should i disclose property purchase in ITR.

I clicked on proceed to validation on ITR-2 , and its showing 1 errors found but error description is empty. Please help as I’m unable to identify the problem and hence unable to submit the form.

I tried multiple times, but all in vain.

The technical error which is seen in developer tools is "code:EF40076, type:ERROR,desc:Record(s) insertion failed.

Read more at: https://www.caclubindia.com/experts/empty-error-description-on-validation-error-in-itr2-2899504.asp

I bought a property from a seller in Bangalore and I deducted TDS using a TAN and made the tax payment. I have the challan. I need to file my TDS return and provide Form 16A to the seller. To file my TDS return, the income tax portal is asking me to complete registration on TRACES. In TRACES, when I try to register as a deductor, it is asking for a PRN number but I do not have it because I have not filed the TDS return yet.

This is frustrating because I am just running in circles. To file TDS return I need to register in TRACES and to register in TRACES I need a PRN which I can only get by filing my return!

Could someone please help me with filing TDS return and obtaining Form 16A? Thank you in advance.