AY FY RETURN FILED UNDER SEC CARRY FORWARD LOSS
2017-18 2016-17 139(1) - On or before due date 7,115
2018-19 2017-18 139(1) - On or before due date 9,81,818
2019-20 2018-19 139(1) - On or before due date 5,36,114
2020-21 2019-20 139(4) -Belated 5,379
2021-22 2020-21 139(4) -Belated 3,276
2022-23 2021-22 139(1) - On or before due date -
Above is the situation of a company. My question is can the company carry forward loss for AY 17-18, 18-19 & 19-20 as the returns were filed before due date?

IS RCM APPLICABLE FOR THE BELOW

1. CHIT DISCOUNT
2.ADVERTISEMENT EXPENSES
3.TRAVELLING EXPENSE

AND ALSO EXPLAIN WHETHER ANY SITUATION RCM NOT APPLICABLE FOR THE ABOVE 1,2,3.

THANKS IN ADVANCE

Dear Sir,

If a person has received an amount more than Rs. 15 lacs in cash from his neice and that cash is deposited into bank then what will be the taxability in such case while filing income tax return.

Please help me in this matter.

Thanks,
Divyesh Jain

We receipt of Commission note without charged gst. So, we liable to pay GST on the said Commission Note under RCM? Please, advice.

Read more at: https://www.caclubindia.com/experts/rcm-on-commission-note-2915259.asp

Our Annual Turnover for the Financial year 2022-23 is 1 Crore 93 Lac GST 9 and GST9C return Compulsory for us???????

One of my client is carrying on trading business, he uses his friend's bank current account for deposit of his sales collection and also for suppliers payments.
Please advice the legal consequences on Income Tax point and also advice on the necessary audit qualification on the same.

Thanks in Advance

Is there any section to claim exemption income under the concept of mutuality in the return of income other than 80P

Sir.
We have an export transaction during Nov 23. We try to file Gstr 1 this transaction in export invoice with payment of tax.
While filling Gsrt1 follows email received.
" invoice not transmitted to Ice gate because of negative ledger balance ".
What next step taken .
Please advise.
Binu

Surplus income of Education Institution is claimed exemption u/s 10(23C)(iiiad) along with DEO’s proceedings. Whereas a notice was issued u/s 143(1)(a)(ii) and stated as follows
“Income due to disallowance of exemption under clauses of section 10 entered at Sl. No. 1(e) of Schedule OS is less than the difference between the "Gross receipts" in Sl. No. 3 of Schedule IE-4 and exemption claimed in Part B2 of Part B TI. Hence, the amount mentioned at Sl. No. 1(e). 'Income due to disallowance of exemption under clauses of Section 10' in Schedule OS is recomputed accordingly”
In reply to the above S.No.1(e) of schedule OS is filled with the amount of net receipts which claimed as exemption and filed revised return. Whereas, it shows error that schedule OS is not applicable in the case of exemption claimed u/s 10(23C)(iiiad). Please let us know how to resolve this issue.

Loss On sale of Fixed Assets,
Loss on sale of investment
Loss on Foreign Currency Transaction
Loss on Intraday sale of shares
Bad Debts
Bank Charges


Please reply