Hello Sir,
We are Traders & Commission Agent at Agricultural Produce Market Committee (APMC) Yard Karnataka.

What will be HSN code for this type of business. There is no clear mentioned any were.

Please help me out that will be goo.

wrong address is coming in my 26AS. what is the procedure to update address ?

my wife with myself and daughetr major have booked a flat and paid 10% of agreed value at the time of booking . agreemnt to sell has not been done yet. pl let us know when do we have to pay GSt TDS and % of the same and how to pay the same .
also if we are not showing any % share in the property can i and my wife can make payment of interest and principal as per our convenience and claim benefit of the same in our It returns .
i am in new tax scheme can i change it to old scheme whiel filing it returns in case agreement go through before march 22 and emi on housing loan starts thanks in advance

thanks for the reply from expert . regarding income tax TDS pl advice % of Tds payable and can it be paid in one lot or only against each payment paid to builder.

From 2011 to 2019 TDS was deducted from my Father's salary. He never filed a return to claim the refund. This year while filling his first return it was seen that huge amount of TDS in 26AS but the CA who filed his return said that the Previous Year TDS cannot be claimed in case of salary. Is it true? Can I claim my Father's unclaimed TDS or its lost? Please help.

Dear Expert,

We are the service receiver from Landlords and paid rent on half yearly basis. The payment will be made once agreement received and will update the details in IND AS-116 tools to find ROU, etc.

Here we have received agreement and first payment done in the month of Sep'21 and the details has been updated in the Tools for the FY 21-22( From Feb'21 to Sep'21 ). we have not given any impact for the FY 20-21 but the auditor not agreed and instructed to make ROU& Other related entries for the FY 20-21. Please confirm is this right way.

My doubts.
After receiving agreement only, we will know the agreement start date, rent star date, etc. in this case we have received agreement & 1st payment done in the month of Sep'21 only. This is the reason we have not given any entry impact for this contract for the FY 20-21 ( Feb'21 & mar'21 ). Please confirm, is this mandatory to make the entry for the month of Feb'21 & Mar'21 periods ( ROU, etc ) or shell we make the entries in the FY 21-22.?

Dear sir,
we have sufficent cash ledger balance this month(nov21),but while try to set off such cash ledger balance not come automatically in gst portal. credit ledger balance automatically come and set off, but cash leder balance not reflect in set off area.still show
such amount al time. while checking cash ledger such amt is show in "tax head"
Please advise

Has anyone else received notice from MCA stating that company was required to and have not appointed Cost auditor for FY 16-17 ?
In our case, the products are not specified products and moreover the company is into trading and hence Cost record and audit wa never applicable.
Can anybody suggest the way forward and what is the practice that is being followed for replying to the notice

My lic jeevan dhara (old ) Table 096 deferred plan 20 years pension plan is maturing on july 2021 . How much pension can i commute ? What income tax do i have to pay on commuted pension ?. I am in highest income tax bracket . what is notional cash value ? Is notional cash value taxfree ?

Dear Sir,

One of my client has a salary income and loss on sale of shares in Futures and options. Is there any tax audit applicability for a person who does trading in Future and options or Derivatives and has incurred losses.

Please help me in this matter.

Regards,
Divyesh Jain

I am filing ITR3 for professional income. Under Schedule Part A - OI, Method of valuation of closing stock employed in the previous year is optional in case of professionals but it is still asking me to enter values for Raw Material and Finished goods. If I leave them blank it gives me validation error. How should I fix it?