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ARUN GUPTA

I have gst proprietorship firm and have gst commission income but no gst sales.Will I will be required to make a audit by a ca firm? Please advise urgently?


Kreatz Kreatz

Proprietor Purchased a laptop using his bajaj Finance Card for his firm. and the EMI will deducted from his personal account. what will be the journal entry? and can avail the itc


Aditi K
05 April 2024 at 14:42

Bearer cheque of Rs. 2 lakh

Hi
My father had given Rs 3 lakh to a person. Now he is paying back Rs 2 lakh as final settlement.
He gave 2 cheques (bearer cheque) of Rs 1 lakh each.
So will S.269ST apply when we encash this cheque? As the total amount is Rs. 2 lakh.
Also is it considered as a single transaction if cheques presented on different dates?


Kunjan

IS BIOMETRIC NEEDED? i think no, unless new applicant has got message after filing reg01 that he has to go to gst suvidha provder for biometric.

am i correct?


Mohit sachdeva

If invoice raised in 10.04.2024 but expense related to mar.2024 and we take provision entry of expense in mar.2024 against that invoice but question arise regarding TDS.
when will be TDS will deduct in that invoice when crediting party in 10.04.2024 or in mar.2024 while taking provision entry of expense.


CA Parul Saxena

I have applied for GST registration...in how many days will i get the registration?


Narayanan Nagarajan

To avail capital gains exemption, investment in 54 EC Capital gain bonds are to be made within 6 months. The six month period ends on 17th April 2024. Though the investment can be made online before 17th April, allotment of bonds will be made only on the last day of the month, viz 30th April.

In such a case, will the nvestment qualify for capital gains exemption as allotment date is beyond the due date for investment?


kollipara sundaraiah

Sir,
Sec 139(8a) update return filed allowed search or servy conducted persons sec 132,132a,133a


Ayush Bansal

We are converting a LLP into a Private Limited Company. However the company shall have a new PAN (with the Incorporation Certificate) and hence a new GSTIN would have to be applied which may take time (ROC route also taking time). In such a case how can the entity continue it's billing without pausing it's operations in the intervening period, as the entity has to generate E-Invoice and E-way Bill currently in LLP. Also would appreciate any suggestions or word of caution around transfer of ITC from LLP to Pvt Ltd thru Form ITC - 02.


Alok S
04 April 2024 at 17:45

Long term CG tax on property sale

I have bought a property worth 1.7 Cr in joint name with my wife in August 23 (FY 2023-24).
I intend to sell an old property in 2-3 months (FY 2024-25), which was bought in 2010 for Rs. 40 lakh in the joint name of myself and wife.
Pl. help me with following queries.
(i) Whether I need to show new flat purchase in AY 2024-25 ITR? I am claiming rebate on loan interest. And also my total taxable income is less that Rs. 50L. I am filling ITR-2.
(ii) Do I need to show anything in CG schedule of ITR this year? If yes, how?
(iii) Next financial year, after sale of old flat, how to adjust the CG against purchase of flat this FY i.e. 2023-24.

Thanks in advance.







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