SIR I HAVE A CLIENT WHO HAVE A LOSS OF MORE THAN 1 CRORE FROM F & O BUSINESS AND PROFIT FROM OTHER BUSINESS WHICH IS WATER AND BEVERAGES. HOW CAN I SHOW BOTH BUSINESS IN ONE ITR. IF I AM SHOWING F & O LOSS IN ORDINARY BUSINESS AND WATER PROFIT IN 44 AD THEN IS IT CORRECT? MEANS CAN I SHOW TWO BUSINESS ONE IS ORDINARY LOSS AND SECOND IS 44 AD IN ONE ITR?

Namaste sir,

1) The government guidance value of Flat
at Bangalore is Rs 40 lakhs

2) But iam purcharsing Flat for Rs 25 lakhs

3) Since govt guidance value being 40 lakhs i need to register the flat for Rs 40 Lakhs by paying stamp and registration value for Rs 40 lakhs.

Now does NRI TDS should be calculated for Rs25 lakhs or Rs40 lakhs.

Because seller of the flat is NRI who lives in America

Regards
Narahari

When GST Registration of RWA is mandatory ?

Our collection is Rs. 50,000 per month ( Rs. 500 × 100 members/houses )

original return filed date 31.12.2021 AY 2021-22 with disclose business loss to be carried forward 50000

after that return Revised u/s 139(5),date 28.03.2022 with disclosed loss to be carried forward 55600

now we get a notice u/s 143(1)(a),loss cannot be carried forward due to return filed date is 28.03.2022 after the due date 139(1).

so i want to ask that loss can be carried forward or not

Incorrect claim u/s 143(1)(a)(ii)
PART-BTI

In Schedule Part B-TI, Taxpayer cannot carry forward current year loss except House Property loss if return is filed after the due date allowed u/s 139(1)

Dear Sirs,

Whether penalty against non-linking of Aadhar with PAN is still under consideration and shall be exempted?

Hello Sirs,

My client has income from investments in the USA and Hong Kong. While USA works on a calendar year (1st Jan to 31st Dec), Hong Kong works on a financial year same as ours. Please confirm that for AY 2022-23 accounting period for USA will run from 1st Jan 2021 to 31st Dec 2021, i.e. income for the period 1st Jan 2022 to 31st March 2022 will not be included in the ITR. Whereas for Hong Kong income for the period 1st April 2021 to 31st March 2022 will be included. Please confirm. Thank you

SIR I HAVE RECEIVED THIS MAIL AFTER SUBMITTING FORM 107 WHAT DOES THIS MEAN? Form 107 has been sent back for correction by the regional office with remarks Please uploas system generated form 107 with sign..

Kindly visit ICAI Self Service Portal for further details.

Regards,

if my dealer only writes 1,2 etc. then debit credit notes clash in my gst software. shouldnt gst software see its debit and credit notes, both seperate category?

next time ill advice dealer to write cr/number and dr/number system, but for march, was facing issue in gst1

WHETHER ITO HAS POWER TO REVISE ORDER PASSED BY HIM U/S 144

Respected Expert
Please Guide
If a Laptop Rs. 70000 having GST 12600 is Capitalized in books of Proprietor Firm at Rs. 70000 and used for business purpose and also personal purpose. Can ITC be availed on the GST paid.
If Yes how much ITC will be available ? . (GST returns filed Monthly)
Please suggest any reading material to clarify this doubt.

Thanks in Advance