Sir/ Madam.

If we have purchase a new Air Conditioner and top-up gas in to the same then the topping of gas to be include in Air Conditioner cost and capitalized the same or gas topping book as the maintenance cost?
Thanks

I HAVE OPTED COMPOSITION SCHEME FOR RESTAURANT ON NOV -2019 WHEN I ONLY SUPPLY FOODS BUT FROM JULY 2020 I HAVE SUPPLIED LIQUOR (ALCOHOL) BUT I NOT APPLIED FOR WITHDRAWN FROM COMPOSITION SCHEME WHICH I SHOULD DO WITHIN 7 DAYS FORM 01.07.2020.
NOW I AM APPLYING FOR WITHDRAWN FORM COMPOSITION SCHEME WHAT CONSEQUENCES WOULD BEAR TO ME FOR NON COMPLIANCE
PLEASE GUIDE ME SOON.

My invoices for March 2020 as reflected in GSTR-2A contains invoices of Jan & Feb 2020. In calculating Eligible ITC of March 2020 for the purpose of complying with Rule 36(4), do ITC of invoices of Jan & Feb 2020 be included in March 2020? Kindly suggest.

Dear Experts,

An assessee earned Business Loss of Rs. 2.85 Lacs from Speculative & Non-Speculative transactions for FY 2019-20.
His Gross Total Income is Rs. 7 Lacs.
Turnover as per 44AB for Speculative & Non-Speculative - absolute value of profit/loss + premium on sale of options is 9 Lacs.
Queries:
1. Whether tax audit is applicable in its case?
2. If tax audit is applicable the under which section of 44AB?

I understand that gratuity is 4.81% of the basic pay.
But some firms include it in the ctc, while many do not.

Suppose it is included in the ctc, and say company is witholding 3000 Rs. /month from my take home, then if I leave after 5 years, I will get the entire accumulated money, I understand that

But Suppose gratuity is included in the ctc, and say company is witholding 3000 Rs. /month from my take home, then if I leave after 3 years i.e before 5 years, in this circumstance, can I be eligible to claim the entire accumulated Gratuity which has accumulated for 3 years as ex-gratia.

I have a query regarding regarding contract work under taken by contractor of Gram Panchayat. My query is whether there was liability of contractor to get registered and pay service tax on such receipts from Gram Panchayat of works contract executed since under Article 243G of Constitution of India exempts Gram Panchayat from service tax.

Please resolve the above query.

My capital gain arising from sale of flat arises 2,80,000/- .
1. property is 50% owned by me and my brother .
2. Capital gain taxes 2,80,000/- equally paid by me and my brother .(That is 1,90,000 by me and 1,90,000 by my brother )
3. where to show in capital gain tab in income return share . In income tax return its showing full value that is 2,80,000/- .

Sirs,
We have paid a sum of Rs 50,000 on account of TDS instead of paying Rs 48,000. Simultaneously we have to pay a sum of Rs 1800 on account of interest on TDS. Challan Amount is Rs 50,000 out of which TDS is Rs 48,000 and balance sum is Rs 2,000 as an excess paid inadvertently. Please let me know how to off-set the interest liability of Rs 1800 against the excess of Rs 2000.

I have received kilometrage allowance of the f.y 2017-18 and 2018-19 in 2019 -2020 ( arrears). The same is exempt upto 70% of the amount received or 10000 p.m whichever is lower under section 10(14). On what amount will I Claim relief under section 89, the whole amount of allowance received or the taxable portion of allowance?

Can we modify gst no for invoice raised in March 2020.
However we have filed gstr1 for the month of September.