Chandra Kala

If exemption section u/s 11 can claim in updated return u/s 139(8A). Amount to be paid for Rs.1000/- u/s 234F


pawan swami

Dear sir,

we are importing goods from other country through COURIER MODE BILL OF ENTRY START WITH CBEX.IV these bill of entry is not shown in GST PORTAL ALSO NOT SHOWN IN GST-2 how to track this bill of entry and can we claim this bill of entry in GSTR-3B


Accounts
20 March 2023 at 09:54

NAME MISMATCH PAN AND ADHAR

FOR EX
IN ADHAR MY NAME IS MAGANBHAI SURESHKUMAR PATEL
AND
IN PAN MY NAME IS MAGANBHAI SURESHBHAI PATEL
(MY FATHER CORRECT NAME IS MAGANBHAI SURESHKUMAR PATEL )

ADHAR AND PAN LINK OR NOT

WHAT SHOULD I DO FIRST CHANGE PAN CARD OR FIRST PAY 1000 RS


Ravi
21 March 2023 at 11:41

Income tax presumptive return opted

hi friends

we have partnership firm, in FY 18-19 we opted for presumptive income and next year's onwards we are filling normal tax return and not filling under presumptive tax return

we are planning to file this year under presumptive income

our doubt can we opt for presumptive income or not we heard that can't file under presumptive for 5 years due to miss out

please clarify us, thanks for your support


Sunil Pandya

While calculating provident fund should professional tax deducted? If person draws salary monthly Rs. 15000 or less?


Sarcastic Aloo
19 March 2023 at 19:58

Property bought

Can a husband buy (payment done from his bank account) a plot in his wife's (not an income taxpayer) name from legal funds he earned? And what if he has done it?


shreyas kondapur

We are doing goods transport agency, and also puchased 5 lorries and availed input for the same.
And now for Transport contract we will use other lorries also i.e we use to hire others lorries also
Question is can we set off our ITC for contract bill raised on forward charge basis


Sunil Pandya

Firm With I am working is Partnership Firm, have small scale manufacturing unit. Now Partner have decided to bring new machinery for the product they manufacture, for which they have decided to apply bank loan, and discussion with bank shows bank will provide 80-85% bank loan and balance partner have to bring money.
So As per me Accounting entry would be as Under:
Machinery Purchase A/c. - Debit
Bank loan account- Credit(For amount of Bank Loan)
Partner's capital Account credit (For Amount of Partner's contribution)
Is above entry is correct?
What is your suggestion?


Suraj

Dear sir / Madam,

My query is as follows:
Mr A who is salaried person, also does options trading. He prepares P&L and balance sheet for options trading business. He has past F&O business losses as well as past short term & long term capital losses in shares trading, which are now carried forward to FY 2022-23. During the year FY 2022-23 also, he has F&O business loss and sizable Other income.

I wish to know whether can he set off past F&O business losses as well as current business losses against the current years Other Income?

Basically, which type of losses are adjusted against other income?

Kindly guide.
Thanks & regards,
Suraj


PRIYA
19 March 2023 at 15:45

Claim of Hra exemption

I am a salaried person and get monthly hra. I want to claim exemption of hra by paying rent to my parents so is it mandatory to enter into rent agreement or can I pay the rent and claim exemption?