Hi,

We have received a notice from Income Tax Department to file ITR u/s 144, but in login tab they have not giving option to file ITR u/s 144. How can we file the same. Please suggest.

Hi all,
Could you pls help me for do comment on
Debt/PBDIT-0.22 in FY.21 & 2.61 in FY22
Current Ratio is 2.07 in FY 21 & 1.54 in FY 22
PBDIT / NET SALES (%) -13.97% in FY 21 17.98% in FY 22
NET PROFIT / NET SALES (%)-12.78% in FY 21 & 12.79% in FY 22
CASH PROFIT / NET SALES (%)- 14.23% in FY 21 & 13.52% in FY 22.
DSCR-9.19 in FY 21 & 12.06 in FY 22
PBDIT-9.02 in FY 21 & 16.04 in FY 22
Interest Cov Ratio-39.22 in FY 21 & 32.08 in FY 22

When repairs is done on benches of school , should be capitalized or expensed out?

Please explain IDV & WDV. vehicle (Bus) insurance calculation on IDV value /WDV Value?

IF ACKNOWLEDGEMENT CERTIFCATE IS REACHED AFTER DUE DATE AND CONDONATION REQUEST IS ALSO NOT AVAILABLE IN PORTAL.
SO WHAT IS THE SOLUTION FOR VERFICATION OF RETURN?

Can we issue gst invoice to registered dealer as unregistered dealer as requested by the dealer without the issuance of eway bill? Please clarify?

one of the buyer is sending our goods as Sales return. He is issuing e way bill but denying to mention the gst in e way bill. He is saying i will mention in delivery challan only and not in e way bill.
is he correct? we have sold goods with gst

sir;
AO has made some additions in his assessment order us 143(3). Later on CIT(A) directed that additions shall be deleted by AO & pass the order in favour of assessee.
I have a doubts
1. since it's faceless assessment; AO will rectify or give effect to his original order on its own ? or we have to make an application to AO to give effect ? if yes; Since this is faceless assessment how to make an application to AO. ? or shall we made an application to jurisdictional AO ?. There is any such option available on portal? plz reply thanx

When the Customs duty is calculated, should we consider GST on Insurance premium also to arrive at Assessable value ?

Example 1 :
Insurance sum assured - Rs 30 Crores
Premium paid - Rs 10 lakhs
GST paid @ 18% - Rs 1.8 Lakhs
% of insurance - (Rs 10 lakhs / Rs 30 crores) X 100
- 0.0033 %
C & F price - USD 100
Insurance - 0.0033 ( 0.0033 % of USD 100)
CIF price / Assessable value - USD 100.0033

Example 2 :
Insurance sum assured - Rs 30 Crores
Premium paid - Rs 10 lakhs
GST paid @ 18% - Rs 1.8 Lakhs
Premium paid and GST - Rs 11.8 Lakhs
% of insurance - (Rs 11.8 lakhs / Rs 30 crores) X 100
- 0.0039 %
C & F price - USD 100
Insurance - 0.0039 ( 0.0039 % of USD 100)
CIF price / Assessable value - USD 100.0039

My opinion :
Since the Input tax credit is availed for GST portion of Insurance premium, it need not be considered for arriving Assessable value. So, Example 1 is correct.

Kindly advise.

SOGA Sales of Goods Act 1930


(Sec 26) unless otherwise Goods remain at seller risk untill the property therein transfer to buyer.

But when the property therein is transfer to buyer .now goods are at buyer risk. wheater delivery has been made or not.
means (Property) ownership of goods.

Questions (Wheare as ownership has been transfered to buyer then risk allready related to him and impled that risk has been pased of to buyer.)
who is responsible in case of delay wheare as ownership transfered to buyer but delivery is still delay at the option of seller ? and reply with journal law point of view wheare as mentioned.