Hi, me & my friend buy a agri land 5 years ago and land registered on my friend name at that time due to am not in station. recently we sold the same land received the amount but the sale deed executed on my friend name only. Now my problem is should i can claim the return agri land as a capital gain for MY IT Return. Me and my friend having a internal agreement (MOU) saying that both are having right on that land.
Please suggest.

Hi,

Can anyone help me on billing and export procedure when:-
1. Billing is done in India (Buyer and Seller both are Indian Entities)
2. Materials are to be exported to Dubai (Ship to) which is the sister company of Indian Company

How will be the shipment process as technically its local transaction but shipment is for Dubai so would it affect in customs clearance and other exports documentation?

Respeted Sir

I have already filed GSTR-1 for the 2nd Quarter ( July 19 to Sept 19 ). Now I have to file Debit Notes & Credit Notes both for the Fy 2018-19 but when I click the tiles of debit / credit notes a message appears on screen as " There are not notes to be displayed " . Please guide me and oblige.

Dear Sir/Madam,

Please suggest me. Can I claim HRA in ITR if I had not claim with company. Can I claim or not.

Hi Folks,

CBIC has notified Rent A Cab Service under RCM (Section 9(3)), if service recipient is a body corporate from 01.10.2019. Now I have a confusion regarding place of supply in case of services taken from an unregistered dealer.

Our company is registered in Haryana and providing Furnace Repair Services all over India. Sometimes our engineers visit other states for repair work, so we have to hire cars for their travelling.

Recently we have hired cars of an unregistered Travel Agency located at Pune (MH). The services were taken at Pune (MH). Since we are not registered in Maharashtra, so we'll have to discharge GST liability in Haryana. So please clarify the following:

1.) Place of Supply should be Haryana or Maharashtra? It can't be Maharashtra as we are not registered there.
2.) IGST liability will be discharged or CGST/SGST? For me, It should be IGST?

Please someone check and clarify.

Khem Raj

Hi,

My question is
Example Invoice:

Taxable Invoice : 1000
+ GST : 50
= Total value: 1050
+ Transaportation Cost : 50
= Invoice Value : 1100

Transportation cost not included GST

What should i enter in Taxable Value and Invoice Value in GSTR-1

Dear Expert,

We have received manpower service from A ltd and our payment terms is 30days. but vendor has demand to pay within 10days. so we have changed our contract payment term to pay within 10days and deduct 1% amount in the bill value. E.x Basic value 1000000 and GST 180000 total 1180000. but payment to the vendor is 1168200 after deducted 1% amount ( 11800).

My doubt is, We should raise any debit note to the vendor for that 1% amount deduction (Rs 118000 ).? Shall we avail ITC rs 180000.?

My Client Wants Filing income tax return of previous two years on this assessment year by u/s 119(2)(b). But he has no any TDS or TCS or any other Claim in those previous assessment year. so, can he submit his Income tax return of previous assessment years , u/s 119(2)(b)?

Dear Friends,

One of my friend has received a rectification notice from Income Tax Department fo FY 18-19 return.
He had received Rs.567000/- as professional income from a company which deducted 10% TDS and deposited money in his account. To earn this income he had paid around 3 lacs to some other professionals, after paying the amount actual income of his comes to 2 Lac Rs. In the return we have shown 2 lac as his income and TDS 56700/-. Here Income Tax Department says that the total income to be shown is Rs. 567000/-. How shall i make the Income Tax Authorities understand that only Rs. 2 Lac is his taxable income. Please help me in this. I need solution for this.

Regards,
Yajuvendra Rawat

We have purchased a plot worth Rs 800,000 on 25-08-2017, and constructed house on it. Cost of construction of house was 35,00,000 and now i want to sell it 50,00,000. Query (1) whether income will be considered as LTCG or STCG. (2) If we purchase new house property can we claim deduction u/s 54. Thanks in advance.