Sir for FY 2020-21 I claimed itc related to fy 2019-20. There is difference arise in itc for FY 2020-21 for rs 4000
I not field annual return for FY 2019-20 and FY 2020-21 because it is optional for us
Now issue is AO is not satisfied with our claim to carry forward ITC and AO issued demand order against us claiming 4000 tax and 20000 penalty and 3000 int total 27000.
1)My concern is kya itc ek year ka next yr mai nhi le sakte yadi annual return nhi file ki hai
2)AO k 27000 k demand mai kya full payment krna padega

Sir,
Composition registered dealer October to December -24 CMP -08 return filed but bank transaction (upi receipt) turnover rs:3 lacs not reported in CMP -08 return
Question:
Dealer missing turnover show procedure

Dear Sir / Madam,

My query is as follows:
Mr A sold his flat on 23-09-2024. He entered into an agreement to purchase a new flat on 30-05-2023, which is still under construction. To claim the exemption of LTCG, he must purchase the new property one year before the date of sale of the old property.

In this case, it is more than one year (30-05-2023) before the sale date of the old property (30-09-2024), but still under construction.
Will he be eligible for LTCG exemption?

Kindly guide.
Regards,
Suraj

Probably a dumb question but if I as a tenant rent a property in USA from a foreign person or NRI, Do I need to deduct TDS? Initially I paid the security deposit and 1 month rent From my Indian account when I went for employment abroad.

Is 15CA or 15CB needed in this case? I paid using my Indian debit card and also used the Indian debit card for initial expenses like food, travel.

what is term deposits and Terms Loans.

what is consumables in production activities.

Dear Sir/Madam
Plz guide

In latest Budget announced in Feb 2025 “individuals earning up to ₹12 lakh annually would not have to pay income tax”
Plz clarify whether individual having Business Income of 10 lakh and Interest income of 5 lakhs and opting New Regime liable to pay tax as per the Budget amendment

Please give me the exact wordings of object clause of locomotive and rolling stock component manufacturing.

Sirs
can anyone share any free EXCEL TOOL for GSTR 2B vs Books reconciliation.

Regards
JayaKrishnan

DEAR SIR,

MY CLIENT PAYING GST ON RENT, HIS ITC CREDIT BALANCE IS EXCESS THAN TAX LIABLITY, IF GST PAID ON RENT BY RCM HOW TO CLAIM ITC ON RENT. OR THE GST PAID ON RENT RECORDED IN RCM STATEMENT/RCM LIABILITY. TWO MONTHS HAVE PAID RCM THROUGH CASH. THE TAX SHOWING IN RCM LIABILITY LEDGER.

PLEASE CLARIFY ME
REGARDS