Respected Sir,

From April 2019 to July 2019 there was effected export sales as of Rs 10 Crores approximately as against which there was effected an ITC as of Rs 7 Lacs.

As we have been put in inconvenience and hardships owing to pandemic diseases of Corona and lock down issue there is every day 100% absenteeism of the concerned staff and just because of this situation the GST holder skipped to claim the refund inadvertently and now as on today stipulated period of two years to claim the GST Refund has passed and now in such situation whether the commissioner of GST can give us permission to submit manually the GST Refund Application

A return of goods by a customer 150 has been posted to the debit side in the sales ledger

A book debt due by Sen has been omitted from the list of Sales Ledger balances.

What are the rectifying errors of these two?

Dear Sir,
Please clear the doubt of
purchase value inc.gst is more than 50lakh from all vendor or from one particular vendor.For applicability for deduction under section 194Q

Respected sirs
My client is nominee to capital gains account scheme in which his brother deposited the capital gains money to claim exemption. Being only brother, he nominated my client in the account to pass over the proceeds in case of any eventuality. Unfortunately due to covid he passed away. My client being nominee approached the bank for the funds to be transferred to his deposit account in the same bank. The proceeds are not intended to be utilised otherwise. The nominee intends to purchase a property. The deposit was made in July 2019 and have some more time for purchasing property. On being approached the banker handed over an application to my client, in which amongst other information, approval of original jurisdictional income officer approval is required. When my client approached the ITO, he said that the department has nothing to do either the bank can release funds to the seller on behalf of nominee or tax to be paid @ 20%.
My question is under section 159 of income tax legal Representative is liable for assessment and tax . I quote the section
Legal representatives.46
159. (1) Where a person dies, his legal representative shall be liable to pay any sum which the deceased would have been liable to pay if he had not died, in the like manner and to the same extent as the deceased.
(2) For the purpose of making an assessment (including an assessment, reassessment or recomputation under section 147) of the income of the deceased and for the purpose of levying any sum in the hands of the legal representative in accordance with the provisions of sub-section (1),—
(a) any proceeding taken against the deceased before his death shall be deemed to have been taken against the legal representative and may be continued against the legal representative from the stage at which it stood on the date of the death of the deceased;
(b) any proceeding which could have been taken against the deceased if he had survived, may be taken against the legal representative; and
(c) all the provisions of this Act shall apply accordingly

Thus the section clearly envisages that, which the deceased would have been liable to pay if he had not died,

The statutory time is not yet expired and some more time is left and the nominee is not willing to take away the money but to deposit the same at the same place under the same scheme.

I request your kindselves, to advice, whether the transfer of proceeds to my clients account requires approval from ITO and whether the same amounts to closure of the earlier account

Thanks and regards
Subrahmanyam

While filing GSTR -1 , wrongly B2C sales has not been incorporated.
How to rectify the same? Can it be incorporated in GSTR 3B as a additional liability?

Thanks in advance.

Dear Experts,

My organization had turnover of less than 10 Cr. in previous year, if we have not received declaration u/s 194 Q from buyer ( we have not confirmed whether they will deduct TDS).

Now, we are liable to charge TCS or Not , as in previous year my turnover is less than 10 Cr.
If Buyer will deduct TDS there is duel taxation ?

Dear Sir/Madam,
My relative daughter has taken loan of Rs.30lacs from relatives for higher studies (to study in US). Please help how to show Rs.30lacs in ITR1 for the fy 2020-21.

Help me in this regard.

Thanking you,
Ajay

EPF A/c remains active for three years after retirement and keeps earning interest.
Please tell me about taxability of interest earned or received if amount is not withdrawn on retirement but kept deposited for the 3 years of grace period.

Dear Sir,
Kindly inform if Knee Replacement is taken in CGHS empanelled hospital ( empanelled for treatment of central govt. servant self and family members) then does Income Tax apply if reimbursement is made by the employer about Rs.2 Lakh.

Secondly, does CGHS empanelled hospital comes under purview of section 17(2) of IT Act.
Regards

Sir,
Sec 44ab audited it returns filed assess personal drawings (house expenses) rs:10,000/- limit above cash mode withdrawal monthly one finicial year.
Question:
Assess rs:10,000/- above limit cash withdraw personal drawings self made voucher compulsory in it act.