While computing Capital gains on shares and mutual funds, we need to identify Cost of Acquisition (COA). Apart from STT what is excluded to arrive at Cost of Acquisition for Shares and Mutual funds? Is GST paid while purchasing shares added to COA or it is excluded?

Hello Everyone,
Please tell me the due dates of ITR for AY-2019-20.
Is it really extended to 30.09.2020.

Thanks in advance,

Unclaimed ITC for Fy 2019-20 is claimed in the Month of May - 2020. However it is over and above 110% of GSTR2A ITC for the month of May 2020. What would be the effect for this in the month of September 2020. (Since 110% of ITC will be accumulated Feb-Sep 2020). Do i need to reduce my September 2020 ITC to that extend which i claimed excessively in the month of May 2020.

Dear sir madam
a person has taken loan from banks Rs. 26 lacs for business and 5 lac for personal in balace sheet wher i have enter the amount and where i have to mention loan repayment Amount kindly suggest

Hi ,

I am an Engineering professional working for an IT company .My job profile is to provide technical support for enterprise application deployment and server management.

I receive my monthly payment as 194J and my income is less than 6 lacs per year. My question is can i file my ITR under 44ADA with business code 16005 engineering and technical consultancy otherwise which business code should I use?

How Capital Gains calculations is done when a property is inherited after Fathers death and the same has been sold in the current year ?

Scenario : The Property belongs to A and is passed on lawfully to B who is A' s Son in the year 2014. B dies in the year 2015 and the same property has now been passed on to B's Son C (being the legal heir). In this case how will capital gains be calculated as there is a transfer of two times and how cost of indexation be applied as there are two transfers would be taken from the date of transfer or form the initial period ?

My GSTR3B jun 20 return could not be filed. stuck up at adj of GST ITC with payable. shows error code

please save your form again and then try to Proceed with offset. If error still persists even after saving form again then quote error number RT-3BAS1059 when you contact customer care for quick resolution

what is the solution??

Is there any interest liability in case of reversal of ITC related to perishable goods?

Whether Foreign Exchange Gain or Loss is part of turnover.

Dear all
We have paid godown rent to owner which we have taken for business.
Now we have reduced his rent from April 20.
Now problems is that he has paid gst on higher amount from April 20 to Jul 20 for which we have taken input credit. Please guide me can he amend bills from April 20 to Jul 20 and how we have to pay excess gst credit