Kalai
16 October 2021 at 11:51

FnO Losses Vs FD Interest Income

I have few questions with respect to how FnO losses can be reported in income tax returns filling

- I have FnO losses as well as some interest income for this FY. I am a salaried person and as far as I understand, I can't offset FnO losses against salary income. But, is it allowed to offset FnO losses against the FD interest income?

- Since I have FnO losses, I have read in few forums that I have to do some tax audit before filling the return. Is the tax audit mandatory in case of FnO losses before filling returns? I do not have high turnover in FnO and is less than 6Lakhs, whereas my salary income is around 16Lakhs

- And finally, I have never done tax filling for FnO before. So can someone recommend me any DIY articles on this or videos that I can refer on how to file FnO tax returns.


Deepak Khadake
16 October 2021 at 11:32

Documents authorization

What type of documents can be authorized by a Tax Consultant? Can he certify unaudited balance sheet, balance sheet for small banking loans (say upto 2 lakh), small project reports (say upto 5 lakh)?


Chaitanyaa
16 October 2021 at 11:22

Creditor for expense.

What is the difference between creditor for purchase and creditor for expenses in balance sheet.?
Thank you


Pankaj

Sir
As per GST , affordable residential apartments includes
In metro city - carpet area up to 60 sq metter
in other than metro city - carpet area up to 90 sq metter
Gross amt up to Rs 45 Lakhs.

But I have a question that , if I am going to construct Row Bunglows or Row Houses or separate bunglows & i fulfill all above condition , then same should be included in affordable residential
apartment ? & what will be the GST Rate for the same ?

Please guide


Harshad Khona
16 October 2021 at 11:04

Working

In CG for land & building section, Capital Gains is displayed as value of consideration.
Pl help as how to correct this error.
Pl help.

HARSHAD KHONA


Boovan
16 October 2021 at 08:50

Income Tax filling ITR-5

Hi All

I am getting this error in ITR 5

Invalid hash value identified, modification to ITR details outside utility is not allowed..


vamsi

I am filing form 3 for one of my LLP . But while doing pre scrutiny one error is showing" Initial agreement should be filed before filing change in agreement".
LLP is incorporated in 2020 October and in master data is showing as active.

Kindly let me know if any other details required.
Kindly assist me in this regard.


R S Sai Kumar
15 October 2021 at 19:42

GST Entries

Would some one suggest me the method of passing journal entries - in relation to RCM, RCM is eligble for availment of input. Kindly give illustrations also. A known person suggested the entries, but I am not satisfied with the same. Hence posted in this forum


S. RAVICHANDRAN
15 October 2021 at 19:11

IMPORT IGST OMISSION

IF IMPORT IGST OMISSION TO FILE THE GSTR-3B FOR THE YEARS 2018-19 BY CLERICAL MISTAKE. PLEASE LET ME KNOW HOW TO NOW GET CREDIT IN THE GSTR-3B FOR THE MONTH OF SEPT.2021 FOR THE OMISSION. PLEASE CLARIFY


S. RAVICHANDRAN
15 October 2021 at 17:58

GTA TRANSPORT

ONE OF OUR LOGISTIC OPERATOR (ROAD TRANSPORT) HAVING GSTN AND FILED THE NIL RETURN FOR THE PERIOD FROM JULY 2017 TO MARCH 2018, BUT HIS TURNOVER DURING THE PERIOD WAS AROUND Rs.50 LACS AND THEY FILED THE INCOME TAX RETURN FOR THE TURNOVER. NOW THEY RECD NOTICE FROM CGST DEPT. THE ANNUAL GST RETURN NOT FILED SO FAR FOR THAT PERIOD. PLEASE LET ME KNOW HOW TO REPLY THE NOTICE AND THEY CAN FILE THE ANNUAL RETURN NOW. PLEASE CLARIFY






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