Respected Sir,
Actually I have Received an intimation u/s 143(1)a. In this they wrongly calculate long term capital gain on shares as they calculate Cost Of Acquisition collectively not script wise. now we need to simply reponse to that notice. what should I written to the matter.

Dear Sir,
Suppose,
Any person has two branch in Delhi but GSTIN no. is One for both branch.
But sale invoice prepared separately for both branch using GSTIN no. same and both have same office address.
and also purchase invoice raised on behalf of GSTIN no that is same for vendors also.
Now in This case how we have to make journal entry as GST sett of because books of accounts maintain separately in tally but Group of company also Created because balance sheet prepared only One for Both

Example
Branch A and Branch B having registered Address in delhi XYZ and GSTIN no also having same both.
but books of accounts maintain separately to know profit both location.
Balance sheet always prepared Singal.
in this case at the end of month GST sett of journal how to pass.
in both books of accounts.

Rahul Rana
rahulrana8348@gmail.com

Respected Sir,
I want to know regarding Income Tax provisions for the Purchase of Agriculture Land in Cash for the FY 2011-12. we have made payment of Rs. 1600000 in cash for the purchase of Agriculture land . can we show this for income tax assessment case.Please advise w.r.t. buyer and seller perspective.

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In one of my Clint A.O. passed order u/s. 144 r.w.s. 147 for cash deposit in saving bank account of Rs.14,97,270/- in F.Y.2011-12.
The assessee had not filed the return for the said period.
The above cash deposit transaction is nothing but withdrawing from business account of assessee and depositing in the saving bank account.
Help me in this case as soon as possible.

A local authority (nagar Nigam) registered under gst is receiving services from contractors for making roads, buildings or receiving services of garbage and sanitation etc. Whether the said local authority is eligible to take ITC on services received from the contractors.The said local authority also have taxable outward supplies in respect of rent received etc.

Dear sir/madam please kindly guide me through your knowledge of accounts and my question is We paid the payment sister's company behalf of them to the party of rs.15000/- and 10000/- paid My company's purchase expenses to the party in one single payment by bank transaction process, so how can I claim this transaction if 15000 is considered as loan and advances head.

Dear ALL
I have a query where the interest on loan paid against rental property wrongly claimed under other sources.
Kindly help me about the case laws where there is no loss to department on account expense claimed under wrong head as there is same amount.

Thanks in Adavance

Hi,

we have few consultants for our software business, we get invoice from them without GST, (excemption limit is not crossed)
do i have to pay RCM for these consultants as they give services like other employees but we pay them against the invoices

Thanks in advance

Farmer grows grapes and leaves them for sun-drying which gives raisins/kishmis. No other process is done. Only moisture of the grapes is lost, which can get lost naturally also.

So whether the process of sun-drying and loss of moisture can be called a process/manufacture? And does selling of raisins by farmer become business income chargeable to tax or agrictural income exempt from income tax?

If it is agricutural income, can you refer any case law in favour of assessee.

Thanks in advance.