Hi friends
One of my friend not filled his income tax return for FY 19-20 but he did shares trading of 1.8 cores
He has filed return for fy 20-21, now in his compliance showing two notices for not filling of return and significant value
Please advise us what we can do now
Thanks in advance
Not yet received the assesment order for the AY 2020-21. is there any extension?
Hello Sir,
my query is regarding the passing of accounting entry
we have purchased a Software license for a period of 12 months
with Cost Rs.156000/-
now question is
1) whether this Rs.156000 will get
Debit -Software (under fixed asset)
To Supplier
or
2) whether this Rs.156000 will get
Debit -Repairs and maintenance ((under revenue (indirect expenses))
To Supplier
kindly note we are end users of this software & not reseller or distributor or redeveloper
Thanks in advance
Vasant Mahajani
If fdr receipt lost and it matured too then to get the proceeds what is the procedure? As bank is asking for the indemnity bond witness sign aadhar...
To get the own fund why there is so much formality...i got the indemnity bond then they ask for the witness...
I just ask them to transfer the proceeds to my saving account...
A Private Limited Company has not filed its IT returns for the Financial Year 2019-20, hence ROC returns also not filed till date. What are the consequences and how to resolve the same.
Dear Experts,
one firm rendering IT-related services is using another firm's Server for which a maintenance charge has to be paid. The Server providing firm is having the doubt that Server Maintenance Charge is taxable or not under GST Act. Please clarify.
With Thanks & Regards,
Ramaswamy.T
A sole proprietor doing construction business registered under GST, Purchases steel for a house he is constructing for his client. He received Input tax credit on the steel he purchased but he has no business with respect to GST and is filing only Nil return.
Two questions
1. Since its immovable property and can this be considered as works contract on a immovable property and hes not liable to take input credit for the same or is it different to the above statment.
2. At end of the contract is he supposed to Charge a bill for the contract with GST even though he is below the GST threshold limit.
Is Withdrawal of pf advance under construction 9f House taxable, if emp has completed five years service. How much amount can be withdrawn from Epf amount under construction of house?
Sir, invoice issued in july 2021 but cancelled by receiver NOW receiver consider as INVOICE and we consider same invoice number cancelled in GSTR 1 for particular invoice number earlier.
We have already filed GSTR 1 for MARCH 2022.
Please suggest how add this particular cancelled Invoice number OR add new invoice for MARCH 2022
Regards
Vikas
The landlord paid 18% Gst (Rs.90000/-) on rental Income (Rs.500000/-)but the tenant did not pay any amount to him. What is the treatment from the Landlord's point of view - Can avail refund?
FY 19-20 return not filed