nitin
27 July 2022 at 18:24

Regarding claim of GST Input Credit

Sir,
We are the builders, we sold one Unit to Mr.C on 16/2/22 & informed the Society on 23/4/22.
The Society has raised the maintenance bill for the period Apr,22 to Jun,22 on the name of the builder 01/04/22, since Mr. C has not informed the property purchased from us to the Society.
Society says that the bill is already & the said is not incorporated in their minutes, maintenance charges have to be borne by the builder. Is the stand taken by Society legally correct, please explain by quoting the relevant section of law.
Please note we have collected the full amount of agreement value + Possession amount from C.
Please throw some lights on above.


Abizar

I have Long term capital gain of 12L from Sale of Plot and LTCG of 120K from sale of shares also STCG of 20K from shares. I have purchased House for 15 Lacs within a week of Transfer of land. When i am claiming deduction under section 54f stating purchase cost of my house to be 15lac and claiming exemption of 12 lac LTCG it is not allowing me and showing error that deduction u/s 54f claimed here should match with total of deductions claimed in respective assets.
please advice me with this error and how can i claim capital gain deduction under section 54F.

Thanking you


MOHD SHAHID
29 July 2022 at 12:05

TURNOVER IN ITR

hello, Sales reported in GST in fy 20-21 2755000,but due to overlooking 50000/- sale amt of march 2021 could not be reported in R-1 of March2021. The total sale of 20-21 was 2805000/-. The sale of March 2021 was reported in R1 of April 2021. Now sale in 21-22 is 2975000/- including unreported sale of March 2021 Rs 50000/-. Now question is how much sale to report in ITR in GST sale reporting column. Experts valued opinions are sought.


nitin

Sir Suppose Mr. has purchased an Office on 1/7/22. The Agreement Value is Rs 68,50,000/- & Ready Reckoner Value is 75,05,700/- but the Builder has paid Stamp duty 6% Rs 4,50,600/ on Rs 75.07,000/- (on the advise of agent who does the registration work).
Please clariy TDS 1% on sale Property is to calculated on Agreement Value Rs 68,50,000/- or Rs RR Value Rs 75,05,700/- or 75,05,700/- (on the basis of Stamp duty paid.

Please clear my doubts


Ashim kr Ray
27 July 2022 at 17:44

Unable to claim 80p in itr 5

Sir

I am unable to claim 80p schedule in ITR 5.
At the time of filling AMOUNT IN BANKING FACILITY ANOT BE CLAIM IN SHEET SCHEDULE 80P


Keyur

Sir/Madam

I want to know we must have to submit online form 10E online for getting relief before filling ITR 1 online??

Suppose i will submit after filling of ITR 1 then relief will be available or not??

Clarify me at earliest.


Ikramuddin Saifi

Dear Sir/ Madam,
I have some confusion, and want suggestion that-
(1) If we buy some goods (whether it is food or for other use) from the market and send it to our distributors as a surprise gift along with the goods sold (by placing them inside the box), what will be the proper billing procedure? And what will be its effect on GST? Can we do this or not? Please describe.
(2) I want to give scheme to our distributors as BUY 4 GET 1 Free- What is the billing/Accounting procedure under GST?

Thanks in advance-
awaited for your valuable reply


Amandeep Singh
27 July 2022 at 16:12

ITR Processed Time FY 2021-22

Dear Sir

How many days are to processed the ITR any time period .I have my filed ITR on 13 July ITR-4 its mention under Processing and my friend filed His ITR-1 today morning and same processed after 15 Minutes.


Vaneet Monga

Dear Sir

A person have income from Business . He mainted proper books of accounts. Capital, Profit & Loss account & Balance Sheet in ITR where he can Show. Previous year he filed his ITR under 44AD not mainted books of accounts.


KISHAN ANAND PATIL

Please share the format for computation of Income of LLP company Director.






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