Sir/Madam, Happy Diwali. A client is in GST REGULAR QUARTERLY SCHEME.He has submitted his April 22-June22 GSTR1 & GSTR3B As Nil return. But he has forgotten that, he has a Purchase Bill of April-june22 quarter. Now , can he claim the ITC of April -june22 Purchase Bill in this July-sept22 quarter? ? please answer.

I have already filed original return u/s 139(1) for AY 2020-21 before due date.
I forgot to mention some income from Other-Source (Savings bank interest) in original return.
So Now if I want to do updated return u/s 139(8a),
In this case the fees u/s 234 series will be calculated on total tax (the one paid in original return and default tax ) ? or it is calculated only on the defaulted tax amount (after deducting TDS and Advance tax payed during original ITR filing)?
Please give an example if possible

Do you also help with filing ITR-Update u/s 139(8a) for AY 2020-21 (FY 2019-20)?
Thank you

Dear Learned,

Greetings!!!!!


Suppose I have Long Term Capital loss of Rs 2 lakh in Previous Year which is available for set of in current year LTCG.
And If Current LTCG is Rs 2 lakh.

Please guide me in computing Income From Capital Gain----

Case one 2 lakh LTCG to be adjusted with exemption of Rs 1 lakh and remaining 1 lakh to be adjusted with Brought Farward Loss.


Or

LTCG 2lakh minus 2 lakh Brought forward loss (we can't take exemption benefits)


Please guide.

Dear Experts,

kindly advice can we file ITR 4 (u/s 44ADA) against original return file in form ITR 3 for AY 2022-23. Please original return we have filled nil to avoid late fees and not yet e-verified.
Kindly guide.

I had purchased a flat at 50L Pune in 2013. Did not apply for any IT benefit in ITR. Have paid total 65L to bank against principle and interest to clear the loan.
I am selling it at 59L now, at loss of 6L.
Do I need to pay any income tax on this?
Is TDS applicable and can I claim it back?

respected sir/madam
can i get an affidavit formate for
1. partners retired in 1989 & their signatures were not taken in partnership amendmet deed
2. that if any liability arising for any time the continuing partner will responsible.
3. that no roll is left for retired partner.
4. & this affidavit will be submitted to ROF for for amendment in ROF registration..
thank you & hope for early reply..

is Service provided by a GTA to unregistered Person or Unregistered Casual taxable person is exempted or not ?
is it exempted According to Notification No. 32/2017 Central Tax(Rate) Dt. 13.10.2017, Entry No. 21A or another any notification override this notification and making services of GTA to URD person Taxable for GTA Agency ?
Please answer anybody.
Tanks & Regards

My business is planning to give a car as gift to customer on lucky draw. Car is worth 10-15 lakh. Couls u pls advice on the rax implications.

Hi All,

Happy Dewali to all!!

I have a query from my friend, please help me to support him.

He is an CPT, IPCC student now registered in CA Finals (new Scheme), he has completed his Articleship, Orientation Program, GMCS-1 and ITT program. Now to appear CA final exams is it required to complete both Advanced ICSTSS - ITT and MCS or either of it ?

Thanks in advance.

Hi I just passed class 12 and I got admission in delhi university, arsd college but I want to pursue cma along with regular college. but I am not sure are there job opportunities available after becoming cma and can cma open their own firm like ca ?