Taxpayer has business of printing. They used this SAC code when paper is supply by the recipient and the recipient is registered under GST. Taxpayer observation is that since recipient is registered and input (paper) and content supplied by the recipient it constitute a job work and hence charged GST @ 5% with SAC code 9988 [ we are talking about only BOOK printing ]. Accordingly when paper is supplied by the recipient but the recipient is not registered under GST we charged 18% under SAC code 18%. But recently we got an order for book printing from an unregistered recipient who told us whether the recipient is registered or not not registered GST on book printing is 5%. Please suggest us in this matter

If partners bring Land as capital contribution in partnership firm then what would be effect of such transaction ?
Whether capital gain would be applicable?
What is the stamp duty liability of any?

I bought 5000 shares of Sharon Bio-Medicine in 2016 with CoA of Rs 60250. On 31-Oct-20 all 5000 shares were made 0 by way of 'To Capital Reduction' and 500 new shares under new ISIN was allotted by way of 'By Capital Reduction'. This was done under the order of NCLT
Mumbai branch on 2Apr2019 under the insolvency and Bankruptcy Code 2013.
These 500 shares were awaiting trading approval which never came. Again on 22-Jun-24, the 500 shares were taken away further by way of Capital Reduction. It seems the Cos. went for Corporate Insolvency Resolution process as approved by NCLT Mumbai bench on May-2023. The result - all shares were lost due to capital reduction.
Can I claim Long Term Capital Loss for the acquisition cost of Rs 60250 with zero sale value?

Sir/Madam

Withdrawing my superannuation money from LIC
My Date of Birth 03/11/1965/59 Year
I have been working with this employer since 2011 (13 years+)
Given to understand that LIC Superannuation withdrawals are exempted from tax subject to the employee served the employer for more than 5 continuous years. I want to know under which Section of Income Tax Rules this tax is exempted to inform the LIC Superannuation Team to not to deduct tax TDS and inform my employer to not to deduct tax at my current slab rate which is 30%. Please help me to avail eligible tax exemption on this LIC Super annuation.

I am mutual fund and fixed deposite distributor pl suggest itr I have to file and final account formate for my income

Asssessee(Individua) is declaring income u/s 44AD since last many years. During AY-23-24 assessee had Loss from Futures and Options and the return was filed claiming that loss under ITR-3 and Total Income was below 2.5 Lacs. During AY-24-25 he is having profit from FO Trading for an amount of 32 Lacs.
Is Tax Audit required during this year?

If in the financial year 2022-23 we have carried forward TDS amount to be claimed in next financial year as the that turnover belongs to next financial year
So now at the time of filing ITR of F.Y. 2023-24 where to show such TDS to be brought forward in current financial year?

RES SIR,

WE PAID GST 1 % ON TOTAL RECEIPT FROM CUSTOMER AS PER AFFODABLE HOUSING SCHEME .

MY QUESTION IS THE DEVLOPER ALSO CONSTUCTION SHOP WITH FLATS THEN WHAT IS THE GST RATE ON SHOPS I PAID 1% GST ON ADVANCE RECEIVED FROM CUSTOMER IS IT RIGHT?

1. Is an Eway Bill required for a bike sale over ₹50,000 if the customer drives the bike away directly (B2C sale)?

2. For B2B sales over ₹50,000, do we need to generate an Eway Bill if the bike is driven by the buyer and not transported by another vehicle?

3. How should we handle the vehicle and transporter ID fields in the Eway Bill when the bike is driven away on its own wheels?

4. Are there any exemptions under GST for generating an Eway Bill when the bike is self-transported by the buyer?

5. Do we need to generate an Eway Bill for intra-city sales where the buyer drives the bike away and the invoice is over ₹50,000?

6. What are the risks of not generating an Eway Bill if the bike is driven away by the customer without using a separate vehicle?

Under construction property sold for 6400000 received money in 3 instalments of 2400000 lakhs, 2000000 lakhs and 2000000 lakhs before the sale deed is registered. All advances are shown in GST and GST was paid. The Property was registered on 17-08-2024 but the sales entry and adjustment with advance is not done after registry. Is there any interest or penalty payable for the same. Sale Date : 17-08-2023. Amendment for rectification will be done in August 2024.