TAN Default notice received against deactivated PAN, tax to be paid @20%. After PAN Aadhaar linking the PAN is now activated. Filed correction statement after 2 weeks using the same PAN. But again default notice issued against the same PAN. Please suggest me what to do?

WHEATHER I CAN REVISE MY IT RETURN AND SUBMIT THE SAME AGAINST INFORMATION CALLED BY INCOME TAX DEPT U/S 133(6) OF INCOME TAX ACT.

Hello Members,

For the AY 2022-23, assessee filed updated Return and tax along with applicable penalty of 125% on Tax amount was also paid off.
However, now intimation order is issued and further tax liability is being raised by the department.
But unlike in normal order received wherein we get the bifurcation of the tax amount and applicable interest us 234A/B/C here in this intimation for Updated return there is no such bifurcation provided by the department.
Could you please assist as to what should be the next recourse as it is evident that tax computation done by the Income Tax department is not right and further they are also not sharing the reason for the increase in tax liability despite all penalites being paid off at the time of filing of return itself.

Regards
Gaurav Jhanwar

If notice issued to builder under section 131 of income tax act and books of accounts seized of builders then addition can be made to buyer of such property merely because in the books of seller cash transaction over and above of purchase agreement?
Is there any favourable case studies regarding above mentioned matter?

INVOICE SAMPLE
Seller.....A
Buyer ...B TAX INVOICE


I. ITEM RMCTH......3nos. Rate 500 each 1500.00

Add.. GST 18% 270.00
Total
1770.00

Special Discount.................. 270.00

Amount Payble.................... 1500.00

Amount paid by B to A............Rs.1500.00

Query.....Whether the Buyer B has to reduce ITC of GST 18% on on Discount Rs.270.00 ??;
Here the seller A has not reduce any Gst liability of his own and deposited the full GST charged of Rs. 270.00 to the Revenue...
Please Resolve and Clarify....>THANKS

My turnover for the FY 2022-23 was Rs. 10.13 Cr.

Client issued manual sale invoices and also filed GSTR 1 and GSTR 3B till January 2024.

My question is can we generate E invoices now for all manual invoices issued earlier, as e invoice is mandatory from August 2023 onwards.

Please guide

Thanks

I have two queries related to the composition scheme as below:
1. Is one composition dealer allowed to purchase goods from another composition dealer?
2. Are there any adverse consequences on purchase by one composition dealer from another composition dealer?

Sir/Madam,
I had bought a flat for Rs 2000000 (all incl) in feb-19 & sold the same for Rs. 2100000 (flat cost) in feb-24. Kindly help me in calculating the capital gain in this transaction. There is some calculation of Indexed cost of property & cost of inflation index for the respective years which i am not aware of. kindly guide in calculation capital gain / loss in this transaction.

My company is willing to sponsor my online PG course for Rs 5.50Lacs by reimbursement of tution fees on condition of bond for two years to continue in the employment after obtaining the degree. If I quit the employment before 2 years, then I have to return the amount given by employer. My question is, will the employer will be deducting TDS and add tution fees as amount as salary/perquisites? Is that be added in my income? Or suggest best way to benefit of employer and employee

Hello Sir,
I want to know that what is the maximum time limit to take ITC under GST 3B return for the FY 2018-19 as per sec 16(4) of GST Act,2017.
One show cause notice issued by the dept for the FY 2018-19, is that a Supplier had filed their GST 3B return for the month of Jan and Feb 2019 as on 10.01.2020 and taken ITC beyond of last date of claiming i.e 20.10.2019. The Department issued a SCN for the availment of ITC and charged to pay along with interest and penalty.

Kindly suggest and provide any suggestion to reply the SCN issued by the dept and any base ground to reply as if any extension in GST 3B return due date for the same period and any notification/circular to avail the ITC upto the date on which supplier filed the return as on 10.01.2020 for the FY 2018-19 ( Jan 19 and Feb 19 months).

Kindly provide our best suggestion in the favour of supplier point of view.

Thanking you,