AY 21-22 : +10.6 Cr (profit); AY 20-21 : (-)1.2 Cr (loss); AY 19-20 : (-)1.3 Cr. (loss). Net profit calculation done as per norms. Clarification needed whether the loss to be included in calculating average 3 years net profit and then 2% on net result for CSR to be paid?

Dear Sir,
We are a Govt. Contractor , in FY 2020-2021 ( March-2021 ) we received 97 lakhs as a part payment, they have deduct 2% GST and filed also we will claimed it, but we missed to filed in GST both GSTR1 & 3B till December 2021.
We request you to please advice clearly.
Thanks

I have received a Notice for Penalty under section 274 read with section 272A(1)(d) stating that “You are required to show cause as to why an order imposing penalty of Rs. 10,000/- per default u/s 272A(1)(d) of the Income-tax Act,1961 should not be passed .”
Request to help me to share the letter format for dropping the penalty

Dear Sir,

Employee salary is Rs.16000 per month. Yearly 192000/- up to Jan 160000/- each month paid 10000/-in cash Rs.100000/- paid up to Jan via Cash. 28000/- paid via net banking. So rest balance Rs.32000/- can we paid by Cash in different dates.

sir

we purchase and sale some shares please suggest entry in books of account is correct or not and how to withdrawal STCG from sale purchase

Purchase entry.

Investment in shares Rs.14325 Dr. ( Investment)
Brokage & other exp. 20 Dr.( Investment)
SBICAP Rs.14345 Cr.( sundry creditors)


Sale entry.

SBICAP Rs.14682 Dr.(Sundry creditors)
Brokage & other exp 18 Dr.(Investment)
Investment in shares 14700 Cr.(Investment)

please suggest how to calculate STCG

Sir
purchase shares 14345/- and Sale 14682/_ Profit Rs.337/- STCG Rs.51 it's correct way

respected sir, in 2020-2021 input as per 2a and book is 30000 and i have claimed 30000 input in 3b and by mistake reverse 15000 in others and later in 21-22 i reclaimed the same please advice me how to show this in gstr-9.should i show 15000 or 30000 in 6B.please advice clearly
with thanks

I'm Kumar A Practicing CA. While I Associate MY DSC In MCA Website Under Practicing Professional I Encounter With The Following Error

""Personal details do not correspond to the professional membership details . Please ensure that the personal details are as per Institute's records""
And I'm Also Change My Name In ICAI Records one Month Back to match With PAN Card Data


Please Help To Resolve The Issue

plot sold and consideration received in the form of flats. as per section 45(5A); capital gain chargeable to tax in the year in which cc is issued & sale consideration will be SDV of the flats.
I have a query that whether SDV of the same flats can be taken as exemption u/s 54F ??? Plz reply.

Sir,
It assessee purchase of vacant land rs:1,50,000/- previous f.y.2016-17. assessee this vacant land sale to Mr .B value rs:5,60,000/- dt:10-8-21 in f.y.21-22.but same land purchase from Mr.B value rs:6,40,000/- dt:10-12-21 in f.y.21-22.
Question:
1.Assessess land sales to Mr .B and same land purchase from Mr.B transaction show procedure in books and it returns.
2.capital gains tax applicable.

TCS not charged in invoice in respect of scrap sale , Now i deposited TCS on such sale, my question is that for such TCS amount , i have to issue Invoice or only pass through Journal entry, when i issue invoice then we have to update in GST Portal also.