Online business of gaming coin purchase & sale of Rs. 7 crore in off market and having commission income from such sale of coins.
Whether is it legal or illegal?
what is the GST liability on such sale of Gaming coin ?
Is there any income tax liability of Audit under section 44AB ?
Please give suggestion of above query.

I have been trying to download the already filed ITR-3 form for AY 2024-2025 since last evening, but I keep encountering an error. I have tried at different times even at midnight and also from a different laptop, but the issue persists. I can download forms for other assessment years without any problem.

Hi All,

I have an Issue with the Adjustment of Advances filed in the GSTR1 with the Advance GST Tax is paid in the Previous Month as Advance Received

For Example:
I have Received the Advance of Rs.50,00,000 and Plus GST of Rs.9,00,000 in May'24 and the Total value of 59 Lakhs as advance

Which the Invoice has splitted into 10 Invoices as of for the Project Period requirement
The Advance of Rs.9lakhs has been paid in Advance Received in the Month of May'24, In June I have raised the First Invoice for the Advances received, I have shown the same in the Adjustment of Advance Received 11B (1) & 11B(2)

But It reflecting in the GSTR3B for the Liability to be paid

Kindly share your thoughts on this

As we already shown in adjustment of adavances why it reflecting Tax Liability in GSTR3B

PROVIDENT FUND WITHDRAWAL SHOW IN 26AS AS U/S 192 BUT NO TDS DEDUCTED WHAT IS TREATMENT IN INCOME TAX RETURN IS TAXABLE OR NOT ?

Is maturity amount received from LIC taxable ?

While filling ITR 3 and declaring the professional receipts Rs. 120000 with 50% income, ITD portal asked to upload BS. My Total income is above the exemption limit and having TDS receivable.

Shall I keep books of accounts for professional income ?

Pls advise.

Sir, one of my client sold his shares from one unlisted pvt.ltd company. I hope, now in his hand any profit on sale of such shares, he has to pay the tax it seems, kinldy enlighten me as to how to calculate the the profit on such sale of shares ?

sir,
Assesee professional income sec 44 ada provision itr filed f.y. 23-24 and advance tax paid rs:2,20,000/- refund claimed rs:60,000/-.
Doubt:
Refund claimed scrunity selection provsion applicable f.y. 23-24

Sir, the said ITR-3, sl.no. 61,62,63 are the presumptive taxation, and what about sl.no 64, what way this box/table defers from the sl.no. 61,63,64. I mean what is the maijor difference

Hi
I need some advice... One of my clients has having very old outstanding demand for the AY 2011-12 and his interest accrued is more than his outstanding demand. He wants to close the matter but he didn't have any documents (ITR return for the related year, Notice copy). He just have copy of Form 16 with him. Pls, advise how to get the old returns and notice copy from the department as it is also not showing in the eportal.