subham jagota

I need a project report on construction of Small commercial complex along with all working capital, fixed assests etc.


Pankaj Jain
01 February 2021 at 08:42

12A vs 12AA

what is the difference between 12A and 12AA certificate? Please explain in detail


sivakumar
31 January 2021 at 21:24

CASH RECEIVED FROM FORMERS ABOVE 2 LACK

DEAR SIR PL SUGGEST ME MY CLIENT IS RUNNING A BUSINESS OF AGRICULTURAL RELATED MACHINERY AND EQUIPMENT THE SALE BILL OF EQUIPMENT AND MACHINERY ABOVE 2 LACKS. OUR CUSTOMER IS FORMER FROM DIFFERENT PLACES. SOME OF THE CLIENT HAVE NO BANK ACCOUNT OBTAINED AND SOME THE VILLAGE NO BANK THERE. THEY GIVE CASH PAYMENT ABOVE 2 LACK. BUT AS PER INCOME TAX ABOVE 2 LACK RECEIVED FROM SINGLE TRANSACTION IS OFFENCE AND BILL IS ABOVE 2 LACK . THE DISTANCE BETWEEN FORMER AND CLIENT AROUND MINMIUM 25 TO 200 KILOMETER IF FORMER DIRECTLY DEPOSIT CASH TO OUR BANK ACCOUNT IS THERE ANY PENALTY COMES OR NOT PL SUGGEST ME SIR

Read more at: https://www.caclubindia.com/experts/regarding-cash-deposit-to-account-2796884.asp


Mohit Verma

I am providing security services. Whether GST on manpower service to the income tax department is exempt? Please clarify.


lokesh ramesh
31 January 2021 at 17:16

Director remuneration

Sir , My father is a State government employee but wants to be a director of a new Finance company tell me the possibilities . If he cannot be a Director what about my mother (house wife with no income ) does she be able to become the director ?


Ishan Gupta
31 January 2021 at 14:35

Reg. Refund of IGST on export of goods

Problem : In Apr 2020 export invoices were reported in 3.1(a) of GSTR 3B instead of 3.1(b). However they were correctly reported in 6A of GSTR-1. Due to this gstn didn't passed on the invoices to ICEGATE for refund.
Now if 3B of next month is corrected, will the system automatically send invoices from 6A of Apr to ICEGATE for refund or we have to correspond with jurisdictional officer for passing over the invoices.


Ravi Tank

I am in one company which is located in Rajkot ( Gujarat ), This company has done sales in different location in india in year 2015-16. This Sales is done by C - Form in year 2015-16. But for in this year 2015-16,

We have sale to one party which is located in Delhi. and Such party has send C - form to our Mumbai ( Sales - Office ). But C - form not received by us. It lost in Transist. So, We need such C form from party. and Party ready to gives us fresh C From. But party has demanded following document as per CST Law.

1. FIR Copy
2. Advertisement in Two News Paper,
3. Indemnity Bond in Stamp paper.

So, My Question is Where should I file FIR ( Rajkot or Mumbai ) and Where should i Give advertisement in news paper ( Rajkot or Mumbai ). ?

Please help me to resolve my query.


Asit Kumar

Sir, for AY 2016-17, i filed original return after due date u/s 139(4) with zero refund and it was processed by IT dept. But on finding some omission of income, i filed revised return in March 2018 claiming refund of 33000. But, IT dept is saying revised return is invalid since original return filed after due date.
I know that from AY 2017-18, belated returns can also be revised u/s 67 of finance act 2016.
But, in my case, what is the way forward?

Should i apply to Commissioner of IT for condonation of delay u/s 119(2)(b)?
or should I file petition in ITAT?


Asit Kumar
31 January 2021 at 01:41

Revising belated return

Sir, for AY 2016-17, i filed original return after due date u/s 139(4) with zero refund and it was processed by IT dept. But on finding some omission of income, i filed revised return in March 2018 claiming refund of 33000. But, IT dept is saying revised return is invalid since original return filed after due date.
I know that from AY 2017-18, belated returns can also be revised u/s 67 of finance act 2016.
But, in my case, what is the way forward?

Should i apply to Commissioner of IT for condonation of delay u/s 119(2)(b)?


Rekha Chandulal

The DPT-3 Annual return was not filed in June 2020 and is intended to be filed in Jan 2021. The audit for FY2020 is over now, so, for Transactions (no Deposit), which year's data has to be put in 'Audited Balance sheet' because the FY2020 audit is done, so, shall i give FY2020 data?
In June 2019, the Annual DPT-3 was filed with Audited data for (March) FY2018 because the March 2019 balance sheet was not audited yet.
If I filed now, the data would be for 2020 but FY2019 would not have been filed.
In April-June 2021, the DPT-3 could have data for FY2020 again.
What am I supposed to do?





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