Sir
My client purchase property in April 2018 and sell it after construction in Jan 2021. I want to know whether it is considered as short term or long term capital gain.
He has occupation certificate in 2020
Can he sell after it.
Pl advise.
Regards

"Error: Something seems to have gone wrong while processing your request. Please try again. If error persists quote error number ITD-EXEC2002 when you contact customer care for quick resolution."
This error is coming whenever I try to reset a password in income tax portal.
Kindly guide me how to rectify it?
There is no guidance from customer care of Income tax portal in this regard.

Hello,
While filing the GST Returns for the Month of November 2020, a Sale Figure of Rs. 5,00,000/- was shown in GSTR 1 and return duly filed. However, While filing GSTR 3B for November 2020, a NIL return was filed by mistake. There was the Sale figure of Rs. 5,00,000/- as shown in GSTR 1 and also Input of Rs. 50,000/- and both were not considered in 3B. How to rectify the above mistake. GST Returns have been filed till July 2021 update.
Can we add the output on Rs. 5,00,000/- in August 21 3B and also can we claim the Input of Rs. 50,000/- in this month, which was missed in NOvember 2020.

Hello members, I am a partner in an LLP which completed its first year of operations in March 2021. During FY 2020-21, I earned income as a freelance content writer while also being a partner of the LLP. I did not take any salary from the LLP during the financial year, neither did any other profit accrue to me as a partner. The only money I withdrew was in the form of drawings, that too a single transaction. Please guide me regarding the ITR form which I need to use to file my return. Also, is there any proportionate income relating to the LLP which needs to be added to my individual income for the year? Thank you in advance for your assistance.

If a company has 5 branches all over the country, is it necessary to have separate Bank accounts...Or just one bank account is fine?

Can LLP trade in the stock market? and if yes, is that activity should be mentioned in the objectives of the company?

Read more at: https://www.caclubindia.com/experts/ask_query.asp

What is the tax treatment of special security allowance to an Intelligence Bureau officer? Is it exempt??

A GSTIN that got suspended in June-2021 can be activated now

Respected Experts, we generally pay to Registered GTA & Local commercial Vehicle as well.
My queries are below :-
1) Registered GTA issued Consignment Note i.e. Bilty. Should we make a separate invoice for the same?
2) Local vehicles don't issue bilty. What type of invoice should we issued. Also, can we issue
a single invoice for URD multiples entries at the end of the month e.g. 31-08-2021
3) In the above cases, should we issue a payment voucher as well?

Kindly guide me.

Rakesh Sharma

Hi All

If a person has taken loan education purpose for his son and paying interest on the same. Can he claim deduction u/s.80E?
If no, what else deductions are available?

Thanks in advance.