Today I received a call from a party who used to make a purchase from me around a year back.

They said their old bills are not getting reflected on GSTIN site.

On verification, I found I have incorrectly entered GSTIN of another party.

The bills are mostly 14-18 months old?

What are the options I have to correct this mistake.?

For the current financial year, apart from 1.50 lac investment under section 80C I want to Investment Rs. 50000 in NPS or Atal Pension Yojana. Is it possible to invest Rs. 50000/- in this scheme in single shot /lum-sump for this fincial year. Or only monthly deduction is permitted?

Thanks

Dear Sir / Madam,

One of the Assessee doing two business. One business (A) under Profit & another one (B) is Loss. But, Both of the calculation his Income is profit. In AY 2016-17 he filed his ITR with Profit Rs. 400000 (A -> Rs. - 50,000 + B -> Rs. 450000)...

As per Auditor's computation Business A is under Loss & B is under Profit...

The Assessee can't file (missed) ITR AY 2017-18. But, He want file ITR AY 2018-19 (As bank's requirements against OD Account). Now, I prepare the statements for FY 2016-17. Business A & B is going to profit with C/F loss to A.

Also FY 2017-18 is under Profit with A & B....

Is it correct preparation or C/F loss from AY 16-17 to AY 18-19....?

Thanks & Regards RAJA P M

Hi
My client company based on Hyderabad invoiced his sales to customer with in india in INR, that customer is having financing arrangement with the Denmark foreign bank with the guarantee of our parent company based in denmark. now they want to release funds in USD that our bank is no accepting. is it allowed under FEMA.

As we all know that deduction u/s 80C shall be allowed for payment on account of Stamp Duty & Registration Charges of a Property. I have a query in relation to this in a particular scenario.

An individual paid stamp duty and registration charges in March 2019 (FY 18-19), however, due to procedural formalities of the government, actual registry shall be done in April 2019 (FY 19-20) and accordingly legal possession shall be given on or after April 2019.
Will the deduction be allowed in:
a) FY 18-19
b) FY 19-20
c) Not allowed at all

Further, would appreciate if anyone could quote the relevant section/ rule/ notification based on which time of the deduction in such a scenario is allowed. Thanks in advance!

Dear Friends

One of my client wants to sale the land and give the consideration to their sons in abroad.
1. How to get the guideline value before 2000 as the cost of indexation is calculated from 2000-01 from this financial year.
2. Whether any tax should be paid for transferring the consideration to their sons in abroad.

kindly suggest

thanks

If a private company gives loan to its director who has substantial interest in company and company is in loss, then such loans can be considered as deemed dividend??
And whether DDT is applicable on such loan?

Sir,

I am a salary person & having a small garment shop as proprietor..
Please advice can prepare balance sheet only for shop accounts or include my salary & Market trading with combined.

Kushagra Pradhan

Respected Sir Madam,

What will be rate of GST on JDA - TDR?

What will be position if sold after completion certificate

Dear Member,

Facts:-
A employee Joined Job from July 18, earlier he was working with a foreign employer.
For the period April 18 to June 18 he received salary from foreign on which he have foreign tax credit ("FTC')(relief u/s 90/91 of Income Tax Act) .

Query :-
At the time of filling of Quarter 4, Form 24Q
i. Am I required to report previous foreign employer salary in Form 24Q
ii. I f Yes where to report FTC in the statement because no column is provided there.Can I report the same in column amount of tax deducted from previous employer, because this tax has not be received by the Indian govt. ?