Hi,
Please not that recently we have converted our business entity from partnership to private limited co and got registered with you new GST. But some of our vendors are still using our old GST no. of partnership firm, even after informing them with our new GST no.
Let me know whether we can avail the ITC of the same from the GSTR 2A of old GST no.
Please reply back asap.

Please provide me the QIS statement format of Oriental bank of Commerce . Also want to know in detail that When we will give Performance, Estimated & Half Yearly QIS report to bank.

there is a problem in generating GSTR -9C JSON . It shows msg that Error in generating JSON. Is there any one who is facing same problem ?after change in utility of 9C on 30 th DEC ,2019. Please, provide solution.

Can A LLP gives unsecured loans to its partners ???

Dear Team,

whether I can get claim under section 80EEA for FY 2019-20 from salary income. Whether section 80EEA is applicable for FY 2019-20? Please help on this issue.

Regards,

Kiran.

We had certain mutual funds which were redeemed in September 19. On 3.10.2019 we recieved bonus units from the fund while already complete redemption of previous units was done.What will be the accounting entry for these bonus units and what will be the value to be shown.

An Indian Company is making payment to a German Non Resident for Booth Space Booking which includes : (1) Payment for Raw Space, (2) Professional Fees, (3) Other Charges in total amounting to 10000 Euro. Is there any liability for deducting Withholding Tax and issuing 15CA/CB. If yes, at what rate and if not, what justification can be given.

The activities are taking place at Germany itself. As per Article 7 of Indo German DTAA, "profits of an enterprise of a contracting state shall be taxable only in that state." Accordingly, can it be concluded that since the profits are not taxable in India, no liability of withholding tax and only 15CA be given in the case.

Kindly suggest urgently.

Dear Members,

I have a query regarding Purchase and Sale of a Residential Property and would be very grateful if you all could put some light on to it.

Ours is a family business and my father is buying a home worth 4.5 Cr in which we would take a loan of 3 Cr from the bank.
At the same time we would sell the house in which we are living at a rough price of 1.5 Cr within a period of 1 year after purchasing the new home.

This amount of 1.5 Cr we would want to use in our business after a span of 1 year but as per our CA this 1.5 Cr would be applicable for Capital Gain.

My question is that when we are already buying a residential property and taking a loan of 3 Cr and selling a our exiting house within a span of 1 year then why will Capital Gain be applied to the 1.5 Cr what we will get after selling our existing home. Pls suggest

Sir I am lifetime chairman of a public charitable trust and there are another three settler trustee in trust while registering I was declaired lifetime that I shall be lifetime chairman but my co -trustee passed resulution that we amended in trust bylaws and remove me from chairman can registrar can amend in original trust deed

Dear Sir
We are an educational institute and running one English medium and one Hindi medium school. Our gross receipts in total are 26 lacs. and our Exp is 21 Lacs at the time of filing of ITR for A/y 2017-18 in utilization we put 5 lacs and filed the return. In the return it showed a total income of 21 lacs and tax under self-assessment was calculated and the ITR was filed without depositing tax and this point also did not came to our notice. Now the ITO is telling us to launch prosecution against as we have not deposited the self-assessment tax. We are requesting him that we are an eductional institute and claiming exemption u/s 10(23C)(iiiad) as our receipt are below 1 crore.and it is clerical error which has created a liability. I want to know whethe he is right in initating prosecution. can he not treat our return as defective and treat it as invalid on account of non payment of self assessment tax.