December 2021 one property Sold by me Rs.49 Lakhs, that Acquired my grand father in 1970 for Rs.5,000/-. My father and Grand father expired in year 2000.
My Query is
1. LTCG 20% On 49 Lakhs minus indexed 5000/- or

2. LTCG 20% on 49 Lakhs minus 2001-02 base year Market value indexation

MY CLIENt have recieved a notice u/s 148 from 2013-14 till 2017-18 where in it is mentioned that depty director of Income TAx Investigation have passed to AO information which forced him to initiate 148 proceedings. The information given by investigation wing mentioned that Individual have not disclosed the income earned through HUf Bank Account. Ao have added all credits to Income chargeable to tax.

Question of Strange

While huf is filing separate return and disclosing all transaction done through its bank why Investigation wing is misleading Ao to reassess the same transaction in Individual ?

2) can i approach and seeek a clarification from Investigation officer what information or supecision was there based on which the income of HUf was to be added in Individuals Income ?

3) the client is in hi tension and can not afford the huge fees for none of his mistake

Is it mandatory to generate UDIN for DPT - 3 Form and net worth certificate for DPT 3 ?

If Yes, then udin shall be generated separately for both DPT -3 Form and Net worth ?

Does anyone have a format of financial statements ?

Can anyone please help
One employee salary is 17934
Now we have to pay him 21774 (leave adjust included 3840)
What will be the journal entry for 3840

Sir,

I have GST Registration in the State of Kerala. I Have supplied goods to a registered dealer in Kerala, but the shipment or delivery address was at Karnataka. Which Tax should be collected in the invoice.

I want to know that when I am taking RCM input same month than 2B column Red color highlight alert, please suggest me i should ignore this

Hi,

I have consider wrongly more ITC in GST 3B returns? how do rectify these mistakes?

Thanks In Advance

Sowmya Santhosh

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