Suresh S. Tejwani
10 December 2024 at 19:11

REGARDING FORM 71.

1) ASSESSEE INADVERTANTLY NOT CLAIM REFUND IN LAST YEAR FOR WHICH HE FILE FORM 71 BUT IN RETURN OF NEXT FINANCIAL YEAR TDS OF LAST YEAR NOT CLAIMED, SO RETURN OF THIS YEAR NEED TO BE REVISED, IF YES, THEN TDS REFUND NEED TO BE CLAIM OF BOTH YEAR IN SUCH RETURN OR NOT? ALSO, REFUND OF THIS YEAR IS ALREADY CREDITED BY DEPARTMENT.

2) IN FORM 71, REFUND NEED TO BE CLAIM IS OF A.Y. 2023-24 THAT CLAIM IN NEXT YEAR F.Y. 2023-24 (A.Y. 2024-25)
9. RELEVENT AY UNDER SECTION 155(20) IS 2023-24
11. SUBSEQUANT F.Y. UNDER SECTION 155(20) IS 2023-24

3) IF REFUND NOT RECEIVED THEN FORM 71 CAN BE WITHDRAWAL OR AGAIN CAN WE FILE SUCH FORM?


PALANI M

will i have to pay income tax for the amount received out of selling my father's house who was expired 30 years ago being the legal heir after the demise of my mother 3 years ago.


Mahabir Prasad Agarwal
10 December 2024 at 16:16

Updated ITR and Refund Claim for FY 21-22

How to show ITDS in updated ITR 4 for FY 2021-22 ? Because showing actual ITDS, a IT refund claim is generated, which the software does not accept.


HIRENKUMAR
10 December 2024 at 15:44

Marginal TAX relief

sir
fy 2023-24
As per the marginal tax relief, the amount of tax one needs to pay on income between Rs. 7,50,001 and Rs. 7,77,778 is the additional income above Rs 7.5 lakh and not the tax liability as per the slabs. This helps in avoiding a situation where a marginal increase in taxable income leads to a much higher increase in tax outgo. So, in the case of Person B, the actual tax liability will be Rs. 10,000 and not Rs. 27,040. We can see the table below for the actual tax liability across other income levels.
how much in fy 2024-25 ?


CA Parul Saxena

sale was made to a party but cancelled GST no mentioned on e invoice. Later credit note was issued with cancelled GSTIN of the buyer and new e invoice issued with new GSTIN.
Now while filing GSTR1 B2B is showing invoice with cancelled GSTIN and while entering credit note with same cancelled GSTIN it is showing error. what to do?
Option 1-Neither report invoice nor credit note of cancelled GSTIN.
Option 2-Mention both invoice and credit note with cancelled GSTIN.
If option 1 is selected then in future whether we would face issue as e invoice reported but not reported in GSTR1 with cancelled GSTIN.?


Urvashi@0311
11 December 2024 at 11:57

Outward Tax liability

hii!! we are retailers dealing in mobile shop. we buy mobile phones from wholeseller and sale to end consumer.
MRP is printed on mobile phone. how should we pay gst under such scenario.
does MRP includes GST??
reverse calculation to find gst and final invoice value is MRP
or
GST is charged on that MRP and final invoice value is MRP plus gst
please guide


Suresh S. Tejwani
10 December 2024 at 13:01

Tds application

If we made payment of rs 10 lakhs in single cheque for construction in trust then tds is applicable or not? if applicable then under which section and what is the threshold limit for the same?


Divyesh Ajmera
10 December 2024 at 12:16

Regarding Tax payment of demand.

If notice of demand u/s 156 not issued, but we want to pay tax for earlier year demand, then which head is applicable whether 400 (outstanding demand) or 300(self-assessment tax)?


Suresh S. Tejwani
10 December 2024 at 12:14

REGARDING TAX PAYMENT OF DEMAND

IF NOTICE OF DEMAND U/S 156 NOT ISSUED, BUT WE WANT TO PAY TAX FOR EARLIER YEAR DEMAND, THEN WHICH HEAD IS APPLICABLE WHETER 400 OR 300(SELF ASSESSMENT)?


Rajkumar Gutti
10 December 2024 at 11:11

Whether igst or cgst sgst

Exhibition held in Andrha pradesh. Exhibition organizer registered in Andrha pradesh. i. e service provider.. Service recipient registered in Maharashtra state.
Service provider charged Igst

Is it correct or is it required to take registration by recipient in Andrha Pradesh & Sgst + cgst is ok






CCI Pro



Answer Query

Company
ARTICLESHIP 26 August 2026
Article Assistant

ANIVESH CONSULTANTS LLP

Gurgaon

CA Inter

View Details
Company
ARTICLESHIP 01 September 2026
Articles

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Foundation

View Details
Company
09 September 2026
Semi Qualified CA / CA Inter - 2 Groups Cleared

Getmyca Consultant Pvt Ltd

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 17 August 2026
Article Assistant

Jain Ankit and Co

Gurgaon

CA Inter

View Details
Company
ARTICLESHIP 01 September 2026
Article Assistant

SGNG & Associates

New Delhi

CA Inter

View Details
Company
18 August 2026
CA Semi Qualifies

Goyanka and Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 29 August 2026
Article Assistant

RRPM & ASSOCIATES LLP

Chennai

CA Inter

View Details
Company
19 August 2026
Chartered Accountant - Financial Consolidation & Reporting

Synergy Keystone

Mumbai

CA

View Details