Dear Friends,

One of my client is a PF Trust. Since it is registered under the PF Act, they will get their income exempted under Section 10(25)(i). Now in the current AY 2018-19, the banks have deducted Tax at source on the investments made by this trust. The PAN is taken showing the status as Trust.

Now may I know from the experts, In which ITR should I file return of income in AY 2018-19?

How legal heir can file return of demised assesse ? Demised asses had received compensation before his death and his bank account is still working? There will be refund ...how will legal heir can claim refund? Please explain whole process.

I have applied for certified copies
in my account its showing check out come option but in that its not showing its saying application in process
and how much time it takes me to get those copies.

We have already asked the query on the applicability of GST for manufacture of bus bodies ( if the entire material
required for bus body is purchased by body builder) after the GST notification dated 09.08.18 and the expert has clarified that GST is to be charged @ 28% on bus bodies if material is purchased by body builders.

Now we are asking the same query in the light of advance ruling of GOA dated 21.08.18 wherein it was mentioned that GST is to be charged by 18% and to be considered as service even if material is purchased by body builder.

We request expert views once again for the GST rate on bus body if material and labour is put by the body builders considering notification dated 09.08.18 and Advance ruling Goa dated 21.08.18

Dear Expert,
I work in a proprietorship concern of which line of business is transport. The proprietor has purchased two mobiles for business use and paid some amount to the airlines for travelling for business meetings. All the bills for the above expenses are in the name of his concern. The airlines have charged GST @ 5% and mobile shopkeepers have charged GST @ 12%. My question is whether GST paid by the concern on purchase of mobile and air tickets is available to set off the GST liability or not.


Thanking you in advance,
Vinod Kumar Shukla
9167230106

An Individual is into the business of F&O Transactions and is laible for Tax Audit.

Whether tax audit is to be done only for his Business PNL A/c and Balance sheet or for Whole Consolidated Balance Sheet Including his personal Assets and Liabilities

Kindly let me know

Sold an ancestral house at the market value (as recorded in the sale deed) with no loss no gain intention. My understanding is : (i)since there is no capital gains i.e capital gain being 0, there is nothing to report for LTCG in ITR2 or (ii) to report the sale value as well as the indexed value as X and the ITR2 system software will calculate the tax as 0. Please clarify.

Query on GST:
What GST would be charged – CGST + SGST or IGST, in following scenarios:

1.
Person having immovable property – registered in Maharashtra, having place of business in Maharashtra.
Location of the immovable property – Karnataka
Person who has taken the property on rent – registered in Maharashtra, having place of business in Maharashtra.

2.
Person having immovable property – registered in Maharashtra, having place of business in Maharashtra.
Location of the immovable property – Karnataka
Person who has taken the property on rent – registered in Karnataka, having place of business in Karnataka.

we expenses out or capitalized unallowable GST Input credit
like as input on motor car, motor spares parts, motor car repair bill etc.

Can above dis allowable input credit is mention mandatory in GSTR-B return

Please Guide us.


Thanking You

Regards

Rajkumar Gutti

Dear Sir/Mam, Plz tell me If I am filing the return after 31 aug 2018 for A.Y 2018-19 and my gross total Income is Rs. 300000/- after deduction my net Income is Rs. 247000/- .My query is the penalty of 1000 rs is liable in gross income or in net income..