Can we issue a credit note without charging the GST to our customer on account of Rebate on performance Basis.

Our Pvt. Ltd. company got converted to LLP in February 2020. The Pvt Ltd. company was having carried forward losses , TDS for current Financial Year , Fixed Deposits, Property, and Bank balances. We have taken New PAN for LLP, and open new bank bank account.
Please Advice:
How to claim the carried forward losses of the Pvt. Ltd. company in the hands of LLP, since Pvt. company is no more in existence as per MCA. How to claim the Deferred Tax Liabilities of Pvt. Ltd. company in the hands of LLP.
How to claim TDS of current year of the Pvt. Ltd. company. in form 26 AS only Pvt. Ltd. PAN is mentioned.
Do we have to file ITR of both Pvt. Ltd. company and LLP for the A.Y.2020-21.then we have to continue to hold the bank account of Pvt. Ltd company till we get refund of TDS.

GSTR-9 is optional for whose turnover upto 2 crore or less than 2 crore and GSTR-9C applicable for whose turnover is 2 crore or exceed 2 crore. Is it Aggregate turnover criteria applicable for Private limited and LLP also?

If Health Insurance Premium is paid by one party for self amounting 43826 who is not senior citizen but whose spouse is senior citizen then how much deduction is avialable u/s 80D 25000 or 50000?

If aadhaar is not linked to pan, what happens to pre existing Bank accounts on which the PAN is attached?
Will these bank accounts be seized/blocked?
Will the owners of the bank accounts get notice under 272b?

Thanks
Raj

whether ground rent and conversion charges are to be capitalized as per Accounting Standard?

Dear Expert,

We are into automobile sector and has procured goods , locally and imported .
We have availed GST credit on the same, also part of import material has come under Advance Licences and EPCG Licences both .
We are exporting our final product with payment of IGST as per rule 96. and getting refund of the same.

Afain,As per Rule 96(10) ,it restrict the importer to take IGST refund if the assesse has availed benefit notification 48/2017 except if assesee has bought goods under EPCG Licences.

Howeever , as we have procured goods both under EPCG and advance licences, if the restriction is applied to us also?

If gift received by Employee from Employer whose FMV is more than 5000 p.a. then what amount will be taxable as perquisite in salary whether fully taxable or only in excess of 5000 will be taxable

Dear Expert

I have shown less amount of outward supply in gstr 3b & 1 returns of financial year 2017-18. And we had not made any provision/payment of the same in a subsequent years. Our GSTR9 return is still pending to complete.

Can we add remaining part of outward supply in GSTR9 and pay tax on increased amount of supply ?

Thanks

I recently sold my father's house, who expired a year back. We are four legal heirs (mother, myself, my two brothers) to that property. On selling the property, I asked the buyer to make the payment fully to my mother's bank account itself. On computing the capital gains using indexation, it comes to around 8 lakhs. Sale deed to buyer was executed by all of us but in the sale agreement, there is a statement that says the payment was made to my mother as per our request. I have got below queries with regard to payment of capital gains tax. Please clarify.

1. Since the sale value is posted to my mother's account, is it ok if my mother pays capital gains tax @ 20% on 8 lakhs?
2. Even though my mother got the amount, as legal heirs, from capital gain tax perspective, do we have to split the capital gains as 2 lakhs between us and pay 20% capital gains tax that amount by each of us individually?
3. If both approaches are acceptable by law, which is the safest approach that would not result in any queries from IT department?