Sir,
I need a clarification regarding IT filing due date in respect of a company which was liable for audit under section 44AB of Income Tax Act and the same was availing Tax benefit under 115BAA (Special rate of Tax @ 22%). What was the due date in the above case for filing ITR and retain the tax benefit. Whether on 30th September or 31st October. As per my knowledge 30th September was the due date for filing tax audit report and 31st October was the due date for filing ITR. If the company file ITR on 31st October 2022, whether eligible for tax benefit under section 115BAA.

Dear Sir,
I Just want to know that, is custom duty will be levied on Repaired imported goods. My Imported goods received on 2 months back and during site inspection we found that damage in goods. supplier is agree for free replacement. Goods are imported under EPCG scheme.
Supplier is sending the repaired goods along with pending one consignment. for this case if supplier make a replaced items parts of accessories and include in packing list and invoicing value will be value of pending consignment. is this procedure ok ? or , if supplier send repaired parts separtely then who we can avoid the custom duty? please guide me.

We are running a business and manufacture the goods. We sell goods to B2C through amazon. Do we need to mention Amazon GSTIN anywhere filling GST returns?

Now we file the GST return as B2C state-wise and do not mention Amazon GSTIN anywhere.

What is an E-Commerce sale in GSTIN?

Dear sir - one of my client having authorised capital of 2 crores.. And three directors have paid up capital of 50 lakhs each to 1.5 crores.. Another company wanted to take over complete assets and liability and pay extra 5 crores.. What will be income tax liability... Kind regards

Dear Sir,

Whether the MAT credit of prior year and MAT credit entitlement are required to be shown in the financial statements of the company? If Yes then how to present in the financial statement of the company. Which AS is applicable & from which year it is applicable to Companies. If we show in the financial statements of the company the reserve and surplus amount will increase. Please provide the Ind AS related to MAT credit of prior year and MAT credit entitlement.

Thanks & regards
N Kadam

One of the Indian Company has planned to purchase some software from abroad (USA), however, the seller Company has no PAN / no office in India. In that situation, What will be the TDS matter ?? and If TDS is applicable, What rate will be charged ?? or Have any exemption from TDS on Software purchase from Abroad ???

Please Guide me

what is capital gain tax rate on quoted and unquoted shares on selling.

Best way to ask my question is through an example
Scenario-1 Let Abc is company which is constructing a building and it is using generator(owned by Abc) for the construction as part of using generator for construction it incurred expenses like fuel and regular maintenance,
question is should I capitalize these expenses since they are incurred for building or should I need to debit to P&L account ?
Secnario-2 what if generator is taken under operating lease ?

Hi,
Sir we are running the construction business without ITC and 5% 0r 1% GST payable for non affordable.
Sir at the time of 3B filing and payment i have put the ITC into the in eligible table.Even after this ITC was not nullified. Due to this my cash credit was not deducted and the Electronic Credit ITC was got adjusted for Q1(April'22 -June'22). Kindly guide me can I reverse the utilized ITC and can adjust through Cash Ledger in Q2(July'22-Sept'22) without any penalty and interest.

1) Reversed ITC which is said above is CGST-Rs.3,37,032/-, SGST-Rs.3,37,032/-, and IGST-Rs.38,921/-.
2) Out Put payable is CGST-Rs.23,886/-, SGST-Rs.23,886/- .

Thanking You.

Dear Sir,
My CA terminated my articleship but at the time of uploading form 109 he uploaded wrong document which is not form 109.
Now I want to know till when my termination will be rejected.
Will it get approved or not....?
Please let me know because it's too urgent and I don't know anything about it.

Thank in advance