Dear Sir
I incurred long term capital loss from redemption of ELSS (Sundram Diversified Equity -Regular-Dividend Fund ) after 3 years of investment, during FY 2019-20. Can I set off this long term loss with the long term capital gain incurred in FY 2020-21 from sale of the residential property ? Please advise. Thanks

Sir,

We are under Composition scheme and have to file GSTR 4 return for the FY 2019 - 20.

We have made taxable purchases from Registered dealers only ( B 2 B ) and exempted purchases
from both, Registered and un-registered dealers.

Shall we skip the Table 6 - Tax rate wise details, since we do not have any Reverse Charge tax comittment.

Please advice.

Client is having time deposits of rs 5148865 STF-005 as per 26 AS,is it compulsory to file form 61 a
Is income tax portal updated for individuals having bank transactions above 30 lakhs

CESS ON COAL UNDER GST CAN BE REFUNDED TO A TRADER
A Coal Trader Has Purchased Coal And Paid Cess @400 Per M.Tonne Now Subsequently The Coal Trader Has Sold Coal To SEZ Unit Where He Has To Charge NIL GST/Cess [WITH LUT].
As A Result Of Sale To SEZ Now There Is Excess IGST Input And Cess Is Lying In His Credit Ledger.
The Trader Wants To Adjust IGST For Subsequent Sale But He Wants Cess To Be Refunded Because The Cess Now Can Not Be Utilised For Subsequent Sale As There Is Always Cess On Purchase Of Coal At Fixed Rate As Input And On Sale Cess Will Be Output At Fixed Rate.
Hence, The Cess Of SEZ Sale Will Always Remain In His Credit Ledger,So He Wants The Refund OF CESS ONLY.
Now The Question Is Whether [1]. A TRADER Of Coal Can File Application For Refund Of Cess Or It Is Allowed Only To Manufacturer.
2. Trader Of Coal Is Eligible For Refund Or Not. He Is Not Manufacturing Any Goods. Only Purchases COAL And Sales COAL.
Pl. Clarify.
REGARDS,
CA. DILIP DOSHI

There are 6 partners (Mom - Dad - 4 Children) (20%-20%-(15*4)%). Dad died and profit-sharing ratios now will be (Mom - 4Children) (20% - (20*4)%). i.e, 20% each. What will be the treatment of the capital of Dad if it is inherited to all the 4 children equally? And what will be the points in the highlight in amended partnership deed?

GTA unregistered = UP
Supplier of goods registered = MP
Recepient of goods registered = UP
Freight paid = supplier
RCM applies.
IGST OR CGST & SGST Applicable?

Tax free goods sold by Composition Dealer and under GSTR-4 Turnover Nill Show for FY 2018-19. Now under FY 2019-20 GSTR-4 Previous year Turnover want by GST Department. What is my turnover for FY 2018-19 Nill or Exampled goods sold valur.

A old car used is exchanged for new one. Old car was sold for Rs,305000 and New car is purchased for 1700000.
Whether GST invoice is to be prepared for exchange of old car?
whether GST is to be levied on old car exchanged??

I.t.assess cash loan to debtor outstanding balance Rs:30,00,000/- as per books.
each rs: 1,50,000/-*20 different dates total rs:30,00,000/- through on cash mode received.
Doubt:
Assess above transaction violation of sec 269 St under I.t. act.

CMP-8 filed for 1st Qtr Only and after than GST Number cancelled as on 30/06/2019. my question is ;- Annual return GSTR-4 mandatory to file or not.