Can the profit from the sale of Rural agricultural land be deemed as agricultural income?
SIR,
Assessee cash gift to wife value rs:40 lacs after clubbing income show in husband it returns .
Question:
Assessee clubbing income transactions closed procedure in books and it returns.
Suppose GST availed is Rs. 200000/- for 2018-19. Utilised the whole ITC for outward supplies during 2018-19.
Later on found, ITC Rs. 200000/- availed was ineligible/wrong availment.
Whether:-
Reversal of ITC alongwith interest would suffice or whether Cash payment (from ECL) has to be made for outward supplies already made in 2018-19 utilising wrongly availed ITC.
Can you tell me whether I can include the following matters in one Supplementary LLP agreement and filed one LLP-3 Form
1. Retirement of one partner (there are two partners in the LLP)
2. Admission of new partner in place of retiring partner
3. Change of registered office.
Thanks,
P.C. Joshi
What is the procedure for filing revised tax audit report ?
Pvt Ltd Co having Turnover more than 5 Crore
Cash payments more than 5% of total Payments
In 3CD, What will be the 44AB Clause ?
Will it be Proviso to clause (a) or Third proviso ?
In both the case,
Which section to select while generating UDIN? As there is only one option ie 3rd proviso to section 44AB.
Hi,
I am an agent in Mumbai and have done a hotel booking for our client who is also based in Mumbai. Hotel is situated in Goa.
So ideally we cannot claim the GST as hotel can give only CGST and SGST credit , can we create another GST number in GOA and then through the local GOA entity can we raise an invoice on Mumbai unit to pass the GST benefit via IGST route.
Sir,
It assessess turnover declared in it returns details mentioned below
F.y.19-20 turnover rs:15 lacs profit declared rs:567000/- 36 percentage
F.y.20-21 turnover rs:30 lacs profit declared rs:6 lacs 20 percentage
F.y.21-22 turnover rs:60 lacs profit declared rs:7,20,000/- 12 percentage
Question:
Assessess profit declared percentage decreased every year accepted in it act.
A person is having 2 business, out of which turnover of one business was crossed 2 crores and is covered under 44Ab Audit.
Now, my query is:
1. Whether his both business balance sheet is to be clubbed for the purpose of reporting under 3CB-3CD OR it will cover only that business which is under tax audit ?
2. If we cover only one business under tax audit, then how/where we will declare other business income in ITR, and how we will show both PL and BS separately in ITR ?
can we registered with single GSTIN if doing two business parallel like 1. BUILDING MATERIAL TRDING(BRICK, SAND & BAJARI); 2. TYRE AGENCY
Online GST Course - Master the Fundamentals of GST with Practical Insights
Sale of Rural Agriculture land taxation