hello

we have a computer training center where we charge GST to our principal agency against share we get towards our teaching charges to students from them.

we also buy educational books (exempted in GST) from suppliers and distribute the same to students free of cost and we claim this full books cost to the principal agency without adding any gst.

course fees + GST student pay to the principal agency is included books cost.

now my question is do we need to charge GST while claiming full books cost from principal agency?

Thanks in advance

Vasant Mahajani

Dear Sir,
Since last so many years we dont have any business but every year we have to file ITR-5 with NIL balances. What to do for closure of the said partnership firm with subject to income tax rules and regulations.

Dear Sirs,
I have a rental commercial property in my name in which tenant is Punjab National Bank. For some months bank did not pay rent to me and said that they did repair and maintenance in the building of Rs.5,50,000/- so he deducted out of rent.
My simple question is that while filing my income tax return. I am eligible to claim 30% standard deduction of annual rental income or full amount of Rs.5,50,000/-.
Please clarify

Dear Sir,
New pan efiling par regd karne par email otp nahi aa raha hai kya ?

SIR,
Sec 44ada it return filed assessee outstanding ledger balance creditor and debtor in books as on dt:31-03-21
Q.no.1:
Cash loan from creditor balance rs:4 lacs(name :A)
Cash loan to debtor balance rs: 5 lacs(name :B)
assessee creditor(A) balance amount rs: 4 lacs transferred to debtor(A) account adjustment entry passed in books and remaing balance amount rs:1 lacs cash receipts from debtor (A) received in f.y.21-22
Q.no. 2:
Cash loan from creditor balance rs: 4 lacs (name :A)
Cash loan from another credtior balance rs:1 lacs (name :B)
Cash loan to debtor balance rs:5 lacs (name:C)
assessee creditor(A)balance amount rs:4 lacs and another creditor(B) balance amount rs:1 lacs transferred to cash loan to debtor rs:5 lacs (C) adjustment accounting entry passed in books in f.y. 21-22.
question:
Assessee above mentioned two transactions accounting entry passed in books accepted it act.

Dear sir

I am Madhu GSTP Since 3 Years and Doing GST Related Returns and my doubt is can i file Income Tax Returns ??? and can i sign on that papers ..please suggest me please


Thanks in Advance

What is the constitution of a Special Purpose vehicle(SPV) in an Infrastructure project. Whether SPV has to get its account audited independently?

Dear Sir,

We have generated Tax Invoice yesterday, but E-Invoicing not done, can be do the E-Invoicing for those invoices today

Kindly guide with the relevant rules and section

Namaste sir

I'm Narahari from Bangalore, I had sold my plot for Rs43 lakhs and deposited in capital gain account in bank.

Now I'm purchasing 15 years old flat for Rs 37 lakhs.
The remaining 6 lakhs can i use to modernize my new house like
New wardrobe
Change of floor titles
Change of rest room fixtures
Painting and other miscellaneous

So to avoid capital gain tax

Please advice

Regards
Narahari
6360363391

dear sir - An individual runs a hospital by employing 1 or 2 qualified doctors -himself is not a qualified person and he being the proprietor tries to file his returns adopting 44ADA ( gross receipts do not cross 50 lakhs ) - will it be OK ?
Is it not a condition that the assessee should be a qualified professional in order to claim 44ADA?