Sir
ours is a private limited co. Purchased second hand car on 30.06.2020 for Rs.34,26,000/-and availed depreciation @15%.Input Tax Not claimed as the car is used by our director.In this month we sold the vehicle to an unregistered person(B2C sale) for Rs.32,58,500/-
Vehicle value in our Books as under:
Vehilcle purchase value Rs.3426000/
Less: dep @15% 513900

Please inform me the gst applicable rate on which amount

I am a salary person with share trading ( small amount). I use 44ada earlier used ITR4 but did trading for a month. Should I file ITR3 or ITR4?
Also, if I work as freelancer which ITR can be used?

Sir,
A partnership firm two partners working.one of the partner introduced capital by cash (cheque) brought.but any partner brought capital by cash(cheque) and fixed assets value rs:50,000/-

Partner assets value rs:50,000/- payment made by cash mode(40a3 rs:10,000/- limit per day.
Question:
Partner assets value dis allowed in partnership firm under it act.

Can anyone please provide me draft MOA of Network Marketing company. Thanks in advance.

I have a partnership firm. I have also got the GST registration for it few months ago. Now due to some reasons I want to change the name of my firm. Now, should I apply for new PAN number or can I just apply for the correction in PAN number. Also, my firm is not registered with the registrar.

DEAR SIR,


ONE OF MY CLIENT HAVING GST NO AS A TRADERS. NOW HE WANTS START NEW ELECTRICT TWO WHEELER SHOW ROOM IN THE SAME CITY. NOW QUERY IS

1. SINGLE PERSON CAN APPLY TWO GST NO IN THE SAME CITY.
2. FOR INTIAL CAPITAL AMOUNT RS.1000000/- CAN BE PAID BY HIS TRADERS CURRENT/O/D/SB ACCOUNT
OR IF BETTER TO TAKE NEW REGISTRATION AND OPEN NEW CURRENT ACCOUNT AFTER THAT CAN INVEST THE CAPITAL.
3. FOR ELECTRIC SCOOTER GST RATE IS REDUCED FROM 12% TO 5% IS CORRECT

PLEASE CLARIFY ME YOU SUGGESTIONS ARE MORE VALUABLE

REGARDS

Respected Experts,

We have purchased new lorry for Rs. 26.88 Lacs for transporting goods in Nov-2018 and taken & utilsed GST around 5.88 Lacs.

Now, we want to sale this lorry as per condition for Rs. 7.50 Lacs + 2.10 Lacs GST. Can we do this or we have to reversed whole claimed GST?

Also, is there any exemption for sale of old Lorry? Is 2.5% exemption per quarter is available for this, if no, for there we can use 2.5% per quarter exemption.

Kindly advise.

Rakesh Sharma

I need to file ITR 5 for my LLP. Online and offline utility do not allow ITR 5 to be selected for LLP.

I downloaded excel utility for ITR 5 , filled in and created JSON. But for filing return, while uploading JSON get message that "Invalid hash value identified. Modification to ITR details outside utility is not allowed".

I have not used 'copy/paste' while filling in and used latest ITR 5 Excel utility.

How to solve this and file ITR 5 for LLP? Is there a another way to file ITR 5 for LLP?

Dear Expert- In one of my client case for the AY 2013-14 case was select for scrutiny by Face less Asst but subsequently it was transferred to jurisdiction officer and he has passed the order under sec 144 without issuing draft Asst since assessee not filled the in response to Notice u/s 148 since it was not served to him, because change of residence. Is it necessary for the AO to issue draft Asst u/s 144 C

The entire Paid up, issued and subscribed capital of the Company as at the date of order passed by the NCLT, including Equity Shares listed on the Stock Exchange stands cancelled and extinguished without any payout to the shareholders; and the securities of the Company stands delisted from the National Stock exchange and Bombay Stock Exchange ('Stock Exchanges')
In this case how the investment of a share holder for example of Rs 10,000/- will be booked as capital loss in Income Tax return as neither any trade nor STT payment has been made.