I am a manufacture of biscuits. during the FY 2018-19 I sold biscuits and paid GST as per the applicable rates. and also I sold some Maida which is exempt. now do I need to reverse ITC on other purchases like Wrapper, Sugar, Vanaspathi, etc., in accordance with Rule 42? because while purchasing maida I didn't receive ITC, because it is exempt.

Hi, I had to pay an amount of 4 lakh for breaking the service bond agreement with my previous employer along with a notice buyout. My current employer has agreed to reimburse the bond and notice the buyout amount I paid to my previous employer but in the full and final settlement from my previous employer only the notice buyout amount is deducted from total income under the income tax calculation. How can I reduce the amount I paid for bond payment while filing tax returns so that I don't have to pay extra taxes. While talking to HR they said the bond payment won't show up in form 16 as it's not part of CTC.

Sir
I want to purchases new flat of Rs 65 Lakh. How much amount shall i pay in cash ?
Please explain me rule .

Dear Sir,

One of my client has filed his income tax return for AY 2018-19 which gave him Income tax demand due to wrong TDS credit given by his employer.

In AY 2021-22 there was a refund in his income tax return and the demand for AY 2018-19 got adjusted while issuing refund by Income tax.

The employer has now corrected the TDS credit for AY 2018-19.

What should be done by the assessee to get the refund which was due for AY 2021-22 but was wrongly adjusted due to demand in previous years.

Please help me in this matter.

Regards,
Divyesh Jain

Sir
ours is a private limited co. Purchased second hand car on 30.06.2020 for Rs.34,26,000/-and availed depreciation @15%.Input Tax Not claimed as the car is used by our director.In this month we sold the vehicle to an unregistered person(B2C sale) for Rs.32,58,500/-
Vehicle value in our Books as under:
Vehilcle purchase value Rs.3426000/
Less: dep @15% 513900

Please inform me the gst applicable rate on which amount

I am a salary person with share trading ( small amount). I use 44ada earlier used ITR4 but did trading for a month. Should I file ITR3 or ITR4?
Also, if I work as freelancer which ITR can be used?

Sir,
A partnership firm two partners working.one of the partner introduced capital by cash (cheque) brought.but any partner brought capital by cash(cheque) and fixed assets value rs:50,000/-

Partner assets value rs:50,000/- payment made by cash mode(40a3 rs:10,000/- limit per day.
Question:
Partner assets value dis allowed in partnership firm under it act.

Can anyone please provide me draft MOA of Network Marketing company. Thanks in advance.

I have a partnership firm. I have also got the GST registration for it few months ago. Now due to some reasons I want to change the name of my firm. Now, should I apply for new PAN number or can I just apply for the correction in PAN number. Also, my firm is not registered with the registrar.

DEAR SIR,


ONE OF MY CLIENT HAVING GST NO AS A TRADERS. NOW HE WANTS START NEW ELECTRICT TWO WHEELER SHOW ROOM IN THE SAME CITY. NOW QUERY IS

1. SINGLE PERSON CAN APPLY TWO GST NO IN THE SAME CITY.
2. FOR INTIAL CAPITAL AMOUNT RS.1000000/- CAN BE PAID BY HIS TRADERS CURRENT/O/D/SB ACCOUNT
OR IF BETTER TO TAKE NEW REGISTRATION AND OPEN NEW CURRENT ACCOUNT AFTER THAT CAN INVEST THE CAPITAL.
3. FOR ELECTRIC SCOOTER GST RATE IS REDUCED FROM 12% TO 5% IS CORRECT

PLEASE CLARIFY ME YOU SUGGESTIONS ARE MORE VALUABLE

REGARDS