An Assessee having Rental Income from Commercial property with GST@18% being charged, the income is being declared under HP Income in his Income Tax Return. He has dismantled his old self occupied residential house and constructed a new in its place. He has received GST Invoices for all expenses incurred on his new residential house and GST credit of same is reflecting in his GST Login.
Can he claim this credit against GST payable on Rent receivable on his Commercial property?
If no, what shall be process of rectification for Credit already claimed in GST returns filed.
It would be helpful if any reference is also shared.
Thanks in Advance

I as an individual have been filing presumptive tax for past few years ... This year i am in losses in my business .. This year i have savings and FD interest income and capital gain tax .. How can i show losses in presumptive tax .. i am filing ITR 3 due to capital gain tax .. KINDLY GUIDE .. THE TOTA

Sirs,

One of my friend is running a Partnership firm. He prefers to change the name of the firm. Can he change both, the Legal name and Trade name through amendment in GST portal ? If yes, what are the documents required ?

If no, can he amend the Trade name alone, without changing the Legal name ? If yes, what are
the documents required ?

Pls. advice.

Hello Experts,
I am student of Final CA (Old Course).I have given attempt after long time in Dec21 for Group 2 (Group 1 passed in 2014). I want to do GMCS course in old course there was one facility that student can do GMCS course after final exam so is this facility applicable to me now? I request you to please give me proper information about GMCS course as which course is applicable to me? How to register for the course? Fees? Duration?
As I am tried helpline 012-3045915 but this line is busy.

hello everyone

I made a purchase of worth Rs 1 lac + 18000(gst) in sept month dated 30.09.2021
whose input was not shown in my gstr2A till 15 dec 2021 so as we enquired we got to know that the bill doenot contain gst number hence they are ready to provide bill of dec to us.

but the problem is that we have considered this bill's relevant input of rs 18000 while filing gstr3b OF 2ND QTR(JULY-SEPT)
now since we want to pay our gst liability for nov month.I am confused that shall i take that bill input or not.

THANKS IN ADVANCE

Dear Sir,
Please correct my understanding....

ITR 7 would be filed by the assessee only if they have exempted income...

Two properties A & B jointly situated, are registered with the names of the wives of two real brothers. they have exchange the respective properties with each other in Novembor-2020 by completing the registrar formalities and also stamp duty paid. the exchange value was Rs. 35 lakh and there was no consideration due to relation. the properties were originally purchased in 1996 from society in Rs. 54000 each and get approved with government authority in year 2004. there was Rs. 100000/- for approval cost by government.
What is the Tax treatment to both Females for A.Y. 2021-22.

Hi my previous employer has not paid bonus but had claimed the amount in form 16 under salary paid and also the tax had been deducted accordingly. Since i have not received the amount as claimed in form 16, can i file my returns based on salary paid to me and if i file returns as per form 16 is there a way to make my employer pay the balance amount as claimed in form 16

Dear Professionals,

I am facing this issue while filing LLP Form-8 and doing prescrutiny.

The error message reads as :"Details of practicing professional is not valid.Kindly enter a valid membership no/Certificate of practice no"

Have already updated my DSC with MCA Portal and cleared all the temp files and cache from browser but still getting the same error message.(Screenshot attached)

Can anyone guide?

Sir,

Please solve my below doubts.
1. Share Merge : how to treat share merge while file income tax return and their calculation price of bought.
I have tata BSL share qtty 70 bought @ Rs. 28/-which i bought in the year 2018 now from December 1, 2021 tata BSL steel share merged in Tata Steel , hence they are allotted to me tata steel share qtty 4.
2. share of split IRCTC i have 4 share before split bought @ Rs, 1450/- after split i have got 16 share extra and total share 20 nos.

Thanks & Regards,