I had filed ITR -7 for AY 2020-21 on 27-01-2021 (due date was 15-02-2021) and also filed Audit Report in Form 10B on 27-01-2021 (Due date was 15-01-2021).

The CPC had disallowed expenditure claimed (revenue and capital) and taxed @ 30% on Gross Receipts.

Rectification request to reprocess was also processed with demand due?

What is the course available to clear the demand ?

1: Please let me know whether Vested RSU till previous year are required to file in returns? And whether separate entries for same stock with different vested dates are to be entered.
2: Whether RSU vested upto Dec21 and sold are to be disclosed or from Jan-22 to March22 sold RSU are also required to disclose?
3: The capital gains of sold RSU from Jan-22 to March-22 are to be considered for calculation of income for Fy2021-2022?
Pl elaborate

Constructed building on industrial plot in 2010 . Cost of construction only ( Plot cost extra) 22 LAKHs
Sold in April 2022. Depriciated value as on 31.03.2022 is 7.5 Lakhs.
For calculation of LTCG, cost of Plot will be as per cost index. What will be the building cost 22 Lakhs or 7.5 Lakhs.
K B Garg

In form 3cd , while filing
26 (i)B was incurred in the previous year and was
26 (i)(B)(a) Paid on or before the due date for furnishing the return of income of the previous year under section 139(1)
S.No. Section Nature of liability Amount
1 Sec 43B(a)-Tax,Duty,Cess,Fee etc Professional Tax payable 64401
2 Sec 43B(a)-Tax,Duty,Cess,Fee etc TDS payable 651201

This expenses has been disallowed even though is has been paid before due date and refund got adjusted against liability .
Does anyone faced similar issue , what measures taken

Mr. A is a registered taxpayer under GST. He purchased an A.C. for his office. ( Capital Good )
Mr. A have following query :
1. Can he claim ITC under the GST ? ( On capital good )
2. Can he claim depreciation on A.C. ( After claiming ITC under GST )

what treatment should be made in books of Accounts when discount received on fixed assets purchased.
discount received should transfer to P/L Account
or
Discount should be reduced from Fixed Assets.

Sir/Mam

we have deducted TDS @ 0.1% on GST purchases, we have purchased goods

Now My doubt I have to file Income Tax tds quarterly return or show in GSTR returns if GSTR Returns where i have to show.

Please clarify my doubts.

Thanking you,

i taken residency of other country and opened company and personal bank account. i will not stay in india to be nri. but now i have to transfer funds from my india account to new country account.

banker say that i can transfer without updating nri status also. because he say that status change takes time and i will not able to transfer when changing status for 1 week or more.

is that okay? if i send money from my personal india to foreign personal account? i come in 30% tax category and always paid. but will it generate some inquiry from it deprtment? because it is not nri status in bank.

banker also say i can change nri in account when i come to india in 1-2 mnths.

help please

Dear Sir,

Our company purchased e-learning study material ( sports ad recreational activities - example - diving ) from other country and there is no GST / Nil rated on their invoice.

Now our company wants to make invoice for the customer. is there GST would charged and not on invoice.

If charged, what is the % and HSN code.

Pls

Regards

Hello Experts,

My company had acquired another company, in their books they had a land in Fixed Assets. Part of land is acquired by the NHAI and paid us the compensation. This compensation is less than the actual cost of the part of land that is acquired.

Request you to kindly let me know the accounting treatment and Income tax treatment for the same.

Thanks in Advance.