Sir
We have imported goods and the invoice value is USD 89216.and we have paid whole amount in advance by converting Rs 73.45 per usd on dtd 03.07.2021. bill of lading dtd 11.07.2021. And BE dtd -16.07.2021.and on bill of entry the conversion rate is mentioned as 75.30 per usd.My question is that.

1. On which date we will book the purchase in our books .either bill of lading or bill of entry date .
2. Payment is made less than the value in rupees mentioned in bill of entry .but we have paid the full balance 89216 usd to party .how to set off the balance lying in party account in our books.
3.there is a forex gain .


Thanks

I have filled the details in ITR2 Schedule CG. I am finding problem with filling details of capital gain in FORM ACCRUED/RECEIVED Quarter wise. I have negative capital gains in all quarter and system is not allowing me to put NEGATIVE value in those fields. Pl advise me. Also my LTCG of Rs. 96000 from sale of Equity shares, though below Rs. 100000 limit, is being taxed at normal rates fully without exemption. Another problem is, that AMT and AMTC schedules, though not applicable, as I am a salary earner in Public Sector, I am unable to deselect.

One of our clients started business in march 2020. He took gst registration on 7th may. He paid rent invoice from march to july on 1st july20 . Invoice dated 1st july. Taxable amount rs 5lakh. and gst rs 90000 thereon. I.e. rs 1lakh per month. Can he claim full ITC IF two months march and april falling in pre gst period. Please provide relevant section if possible.

I have filed I.T return for financial year 2020-21 on 01.08.2021.Though Government has announced extension for filing of return upto 30.09.2021,late filing fee of Rs. 5000/- charged to me. Can I file a revised return now?

I have completed my CA ipcc and articleship. i donot have BCOM. I would like to apply for diploma in USA or Canada. what are the documents i should request from icai for my study abroad. Am i eligible for diploma ? what is the recognition of CA IPCC in abroad ?

We file many tenders and submit EMD to Tendering Authorities for tender submission. Our Auditors are asking for receipt/ proof of EMD payment by concerned Tendering Authorities. These tenders are filed on portals like E-Procure and EMD is generally in the form of DD, Online Payment and Bank Guarantees.

Is there any way to obtain substance for EMD payment in this case? Please guide.

Suppose a foreign company registered outside India, hires some employees in India and pays the salary to Indian employees. Is that foreign company is liable to deduct TDS on employee salary and pays to the income tax department after getting PAN & TAN No?

If no, how do the Indian employees will file the salary Income Tax return as no TDS is deducted? Is they have to pay Advance Tax instead of TDS deductions from a foreign company.

If we purchase brass scrap from one seller and we provide Form - 27C to seller then we need to deduct tds under provision of 194Q above 50 Lakhs or not ?

Please advice me regarding what are the legal procedure and compliance relating if a private limited company has to acquire the business, assets and liabilities of a LLP with respect to ROC. What are the approvals required from MCA

I have yearly income of 482000 thus i am exempt from income tax. I have Short term capital gain from Equities of 17000 in this assessment year. However out of 17000 only 5000 is real profit rest of money is gone in brokerage while buying and selling. Thus i need to pay 15% tax on my STCG but under which challan no on income tax site to deposit this 15% tax. And please tell if anything wrong in my assessment