Sir,
My annual income is less then 250000/- ( |Salary + FD Interest+ saving bank inter) I never filled Income tax return. From 2006 to till date I am saving Rs. 70000/- to 80000/- per year. If I am fill the iTR in this year . Is this any problem with me. Can iT department will ask to question to me about my previous saving. Please advise to me

Sir,
We have not Claim ITC for the month of feb18. In books of account I have reversed the ITC in books Under exp. Head Reversal ITC exp. Now please guide to us is this direct exp or indirect exp.

dear sir. accounting year 2018-2019
exempted sales as per books 35262746
exempted sale as per gstr-3b 37435696
exempted sale as per gstr-1 33089796
all ret till date has been filed please advice how to correct this in gstr-3b and gstr-r1?

Whether stipend received by trainee doctors is taxable or not ?

Company has purchased computer. Company will gift the computer to the client.
Please inform me , Company will get the GST credit on the computer purchased.

Please guide.
From where can I get the circle rates for Gurgaon as on 1 April 2001 for working out indexed cost of land?
Thank you
R Chadha

Hi,

I was registered for GST in April 2018. I export services to other countries and get money in USD. I have given no services to Indian companies. I registered because some freelance sites were asking for it.

There was a misunderstanding that people who have turnover below 20 lakhs and who have GST zero rated need not file the returns. I didn't file any.

Now, I get to know that I had to file returns. Since My turnover is below 20 lakhs, I want to cancel GST registration. What should I do for it. How much penalty I have to pay?

thanks

Hi, need to know how one should disclose capital gains in the ITR form in the following scenario:

Total sales consideration - 90L
Received 89 L in December 2018 (i.e. AY 2019-20)
Sale agreement executed in June 2019 (i.e. AY 2020-21) + Final Payment 1 L received on which TDS @ 1% is deducted.

In which year, do I show the sale? Also, in case the sale is reported in AY 2019-20, how do I claim the TDS credit in the next year (AY 2020-21) because since technically in that year I will be offering no capital gains income.

one of my friend is running a cab. he has a contract with a co. they have deducted the tds. My question is how much of income to disclose in returns .Please give your valuable advise as the last day has started.
Thanks in advance,
K.B.Nagesha Rao
9448826793

We made a Sales to a vendor and later on vendor returned the goods and in the books we booked Sales return and raised a Credit note to Vendor.
Now vendor asking us not to show this sales return in GSTR1 instead treat this transaction as Purchase. Is it correct?
They return material to us and show this as Sale to us in their GSTR1. This practice followed by them is right?