Assessee sold a residential Flat-A on 09-10-2020. He had already purchased Flat-B on 11-12-2018. Can cost of Flat-B be deducted from the sale value of Flat-A for the purpose of exemption under Section 54 of Income Tax Act? Kindly help.

A gst registered regular scheme dealer sales of two b2b invoices Missed reported November and December -2020 in gstr3b and gstr1 in f.y 19-20.
Question:
Dealer this missed two b2b invoicess reported columns number September-2020 in gstr3b and gstr1.

Dear all
A client received 25 Lakh from railway for sale of agriculture land situated in rural area. 50 Km distance from municipality.

But while I am preparing income tax return i have problem where this income is shown ,

Plz help me how to show this income in income tax return.

Thanks

Dear Experts,

We have wrongly reversed the ITC in GSTR 3B under Table 4b in FY 2018-19. It should be adjusted in Table 4A. How can reclaim the reversed ITC. can we adjust this amount in GSTR 9 .

A gst registered regular scheme dealer sales of goods transaction with E-waybill generated.but same goods returned from another dealer (purchaser)without e-waybill generated.
Question:
This sales transactions how to report in gstr3b return.

Can audit report on standalone and consolidated financial statements be signed on different date??

Please someone guide me. I need answer on urgent basis.

1) partnership firm having t/o. aprox. 10,50,000/-
Net Loss : 12500/-
Tax audit is required?

2)Partnership having t/o. NIL as it is newly startup,
Net loss aprox. 250/- because of bank charges tec.
Tax audit required?

Good Afternoon All,

We have sold and land for 8.75 , 1.25 less than the amount booked and received in cash.

How to book the transaction .

Shld we show loss on sale of land or how.

Whether TDS needs to be deducted on amount paid to a Firm run by a NRI director for the services provided by him outside india ,for and on behalf of the company for business development
Other Details are :
1. The amount is a recurring monthly payment for expenses like travelling, office space, training, managing & supervision. Can it be treated as Consultancy charges ?
2. Indian Company have an office abroad and expenses are related to this office.

Beside my regular business of trading of Machinery parts turnover for Rs.80 Lacs. I also done share trading business (Intra day/speculative) for Rs.1.60 Lacs (Total of Plus & Minus figures) and delivery based (short term) business for 26 Lacs.

Kindly advise what will be my business turnover for the purpose of computing Income u/s 44AD of Income Tax.

Can I show delivery based share income as short term capital gain.