We received goods from dealer with normal invoice and eway bill although dealer was liable to issue einvoice.
Now after 7 days we want to return the goods as goods are defective. The dealer is ready to take back returned goods by issuance of credit note to us. So in this situation what will be the effect on our ITC. Since we are returning goods to the dealer will our ITC be effected in any way. Please clarify?

Dear Sir,
I have tried to file my IT Return online. As per my 26AS I have received 50000 as interest in FY 2021-2022, but when I try to file my return online it shows 68000 as pre-filled interest. What should I pick as interest amount ???

Sir,
During 19-20,20-21 year our turnover is below 2 crores
we make GST Return GSTR1 & 3B in monthly basis .
whether is required to file annual return in GST.
Please advise
With regards
Binu

The entire amount of TDS has been deducted and paid in March 2022. However sale deed was signed in April 2022. In which year do we show capital gain income? Is it possible to claim the refund for the extra amount of TDS in the current AY?

I want to kbow about finalization accouts. Which entry will be done .
Please explain in detailed .
Then how to count tax . How to do entry of tax in finalisation entry.
Thaank you.

Hello Sir,
Mr X is having income from
1 . Interest on Deposit. 2.00
2. Commission from LIC. 0.25
3. Income short term gain 1.00
4. Income from Intraday 0.25
5. Income from LT Gain ( exempt)
6. Income from Zerox/ typing. 2.50
Total 6.00

My question is
1) Income from LIC commission is business income or income from other sources ...?

2) for Income from business / Zerox . and Intra day profit
. Can I show in ITR 4 ( u/s 44 AD) or ITR 3 ?
No books maintained for Zerox business.

3 ) 2 years back ITR 3 filed .

So i have to file ITR 3 or ITR 4 ?
Please guide for this and for lic commission where to be clubbed .

Thanx for reply .one my small query is while filing return WHICH BUSINESS CODE TO BE SELECTED ....

my brother received receipts with tds deduction under 194jb, he is an ISI AUditor...which section applies to him 44AD OR 44ADA......IS ITR 4 TO BE FILED?
HOW TO DECLARE INCOME

In respect of shares which are proposed to be issued on a right basis, existing members would have a right to renounce shares likely allotted to them. If the existing shareholders renounce their shares then these shares will be allotted to the renounce first time therefore no transfer will take place. I cant understand this paragraph.

The bank is waiving Rs. 2.00 crores out of Total outstanding of Rs. 5.00 crores in OTS on working capital/Term loan and wishes to deduct TDS under section 194R on Rs. 2.00 crores. Can anyone clarify if section 194R is applicable on it and if not, how to convince the bank that it is not applicable. The assessee doesn't intend to take this amount to income as there are judgements of Supreme Court that amount waived is not taxable as business income and the assessee has carried forward business losses also sufficient to cover the amount of Rs. 2.00 crores.

Further, whether certificate under section 197 can be got for nil deduction under section 194R.

Can we apply for advance ruling for the non taxability of income and nil deduction of TDS in this case.

Dear All,

My company is a limited company registered under GST. We have taken many properties on rent for residential purposes (for our employees) across many states. Our company has registered its Delhi office as the only place of business under GST purpose. Now my query is whether we will be able to take the input of GST paid on RCM for the properties situated outside delhi?

Prompt response shall be highly appreciated.