Dear Sir,

We have received Notice for 2017-18,
Case- Excess claim of ITC and non-reversal of ITC claimed and utilized for making exempted supplies during the period.

Actual our business activities is Fresh Gherkins, Gherkins Seeds and Gherkins in Acetic acid
Gherkins in acetic acid is 5% GST HSN Code- 07114000
Fresh Gherkins is Nil Rated
Gherkins Seeds as nill Rated
we have not claimed ITC related for Fresh Gherkins and Seeds so both activities is there in our business,
Purchase also Exempted and Sales also exempted, so how to reversal of ITC.

So kindly replay for this anyone.

Regards,
Raghu S

Can you please let me know the hsn code of ebook reader? I want to resell ebook reader in india after importing it from China. What are the legal compliance I need to follow? Please suggest

As per CBDT Order dated 27.06.2024 [issued in F.No. 173/03/2021-ITA-I(Pt.2)] The last date to make payment under Form 4 under DTVSV 2020 was 28.02.2022, One of my client opted for DTVSV 2020 but payment in case of my client was made on 19/03/2022, The status on IT Portal in my client's case was still showing "Awaiting Signed Form 5 from CIT", Therefore I e-mailed office of P-CIT to issue Form-5 and they replied that payment was made beyond the due date hence Form-4 is not found correct to be processed for issuance of Form-5 on the other hand my appeal was pending in ITAT of which Order has been passed u/s 250 of Income Tax Act,1961 The appeal is dismissed on the grounds that the appellant had opted for the Vivad se Vishwas Scheme, settling the tax dispute.
What are further consequences and their solutions?

I filed return u/s 148 of the IT Act . Shall I want to revise the return as per show cause notice issued by the Income Tax Audthorities. Please suggest me

Sir

One of my friend is running a Proprietary business dealing in soaps and other cosmetics. Now,
he wants to sell Batter and other food items with a separate place of business. Can he go for Additional Trade name and use that Trade name exclusively, for his additional place of Business and do billing separately, while the previous line of business, viz. soap and cosmetics will continue to run under the Original Trade name. i.e two different trade names for different line of business with separate place of business for each under same Legal Name ( PAN ).

Or should he go for additional GST registration for the same PAN. Pls. Advice.

The agriculture land was purchased in FY 2005.
• It was converted to non-agricultural land in FY 2014.
• It was shown as an investment in the 2016-17 ITR
• After 2016-17, ITR 4 has been filed, meaning no balance sheet has been uploaded.
• Other land and plot sold and shown as business income in FY 2021-22 and FY 2022-23
• Some of the sub-plot sold (from converted non agriculture land in 2014) shown as capital gains in FY 2023-24. Remaining sub –plots sold in FY 2024-25 with sales consideration of approximately 5,00,00,000/-.

Whether AO can argue that regular nature of business is builder 54 f not allowed or due to sub plotting of land profit and gain head will apply hence 54 F not allowed ?

Sir,
I had filed ITR for AY 24-25 in new regime on 27/06/24 with 87A benefit on special income and net tax liability became 0 but on 05/07/24, 87A rebate was removed and denied by CBDT and demand notice was issued for 16000/ tax. I paid the demand. Later after Bombay high court judgement I revised my ITR before 15th January 2025 for refund of 16000/ but to no avail after processing on 24/02/25. My question is :

Is it feasible to file an appeal before CIT(A) for 16000/(not a very less amount) and what would be it's consequences? Would I be served justice?
Thanks.

• The agriculture land was purchased in FY 2005.
• It was converted to non-agricultural land in FY 2014.
• It was shown as an investment in the 2016-17 ITR
• After 2016-17, ITR 4 has been filed, meaning no balance sheet has been uploaded.
• Other land and plot sold and shown as business income in FY 2021-22 and FY 2022-23
• Some of the sub-plot sold (from converted non agriculture land in 2014) shown as capital gains in FY 2023-24. Remaining sub –plots sold in FY 2024-25 with sales consideration of approximately 5,00,00,000/-.
• The crucial question is whether the 2024-25 sale should be treated as a capital gain or business income.
• Can Section 54F be claimed.
•

Is monetary contribution considered CSR only if given to funds listed in Schedule VII?
Is a contribution to a local registered charitable trust eligible as CSR expenditure?

Is sec 10(10D) - Maturity value of Insurance policy is exempt under New Tax Regime for F.Y. 2024-25?