sir,
new Capital gain Long term calculation explain
if suppose i purchase shares f y 2008 rs 10000/- ( 1000 Q)
FMV Value Rs 37 lakh 31.01.2018 (1000 Q)
& Sold Rs 24 lakh 25.09.2018 ( 1000Q)
above case my Long Term loss consider Yes or No please explain

Hi!

I need a clarification.
Our customer have raised debit note for Material rework done by them due some manufacturing defect . For that, they incurred labour charges of some amount. (For ex: Labour charges : 20000/-) They submitted debit note inclusive GST.

How to treat is debit note from my side.

I have to raise Credit note or I have to show in Manufacturing expenses.

Kindly clarify me.

DEAR EXPERTS,
ONE OF MY FRIEND HAD RECEIVED AN INTIMATION FROM THE "IT DEPT" REGARDING THE CASH DEPOSITS MADE AT THE TIME OF DEMONETISATION AND HE HAD ALSO NOT FILED HIS RETURNS DURING THAT AY.. NOW AFTER THE ISSUANCE OF NOTICE FROM "IT DEPARTMENT" HE HAD FILED HIS IT UNDER 44 AD... NOW WITH REGARDING TO THE NOTICE:
1) SHOULD HE RESPOND EACH TRANSACTION EXPLANATION LIKE SUBMITTING HIS BANK BOOK LEDGER (OR)
2) JUST REPLY THAT THE AMOUNT CREDITED ARE THE AMOUNT RECEIVED FROM MY DEBTORS AND I HAVE OFFERED ALL SUCH INCOME TO TAX???
WHICH OF THE ABOVE OPTION IS SUITABLE AND WONT CAUSE ANY FURTHER PROBLEM ??
IF THERE IS ANY OTHER TYPE OF RESPONSE PLEASE KINDLY LET ME KNOW...

I have uploaded the GSTR 9C Json file and it is processed successfully without any errors... But when I clicked on initiate filing tab it is showing " Issues while loading the page, please refresh to continue" I have refreshed many a times but the same appearing again and again... From here onwards nothing is happening... i.e., neither balance sheet nor P&L is uploading to continue to file form GSTR 9C.. Pls kindly help me out in this issue.

Sir,
Our Gurudwara registered under society act Himachal Pradesh. The Income tax officer deducted an amount of Rs 18 lac from Gurudwara saving account. In saving account the cash was deposited which was collected as denotation from public . For refund of said deducted amount what i do. Please guide me.

Rajinder Singh

Dear Experts
What will be the consequences when a CA Firm having two partners and one partner resigns?. Whether the firm can continue as a proprietary firm with same PAN or the continuing Partner register as a fresh one with ICAI and and obtain Firm Registration Number?.Kindly advice

SALES AND OUTPUT TAX IS NOT SHOWN IN MONTHLY 3B RETURN BUT SAME WAS SHOWN IN GSR1

NOW IN ANNUAL RETURN GSTR9 WHERE TO SHOW AND HOW TO PAY

THIS CASE IS NOT APPLICABLE FOR GSTR9C AUDIT

AND AMOUNT IS THERE IN CREDIT LEDGER AND CASH LEDGER CAN I ADJUST IT

OR SHOULD I PAY THROUGH DRC EVEN IF AMOUNT IS THERE IN CREDIT LEDGER .

Just an assumption. An employee currently working in Mumbai let out his own building located in Chennai for rent to his employer and receiving rent on monthly basis. Due to his transfer, he is moving now to chennai and the company gives the same property to him as RFA( Rent free accommodation)
Now should he need to pay tax on salary- perks on RFA? Assume HE is PAYING TAX FOR HP rental income.
Kindly clarify the tax treatment

Sir,
I want to sell the commercial property (currently under redevelopment) that was transferred to me after my fathers death last year through nomination( I was the sole nominee). Can I avail the benefits of section 54 EC ? Is it that a nominee, being a caretaker, cannot avail the benefits of Section 54 EC?

Dear All,

I am paying a total rent of Rs. 70,000/- per month for my flat in Mumbai having two landlords i.e. husband and wife are co-licensors in the leave & license agreement.
Every month, I transfer Rs. 35,000/- to the husband's bank account and another Rs. 35,000/- to the wife's bank account separately.
Am I liable to deduct TDS on the rent payment u/s 194IB of the Income Tax Act?

Thanks
Niki