I have credit of (current ITC and Ledger + cash credit) as given below:
IGST - 4500
CGST - 900
SGST - 5800
I have to pay tax liability, say as given below:
IGST - 10000
CGST - 1500
SGST - 1500
So as per new set off rule,
IGST liability of 10000, to be set off using ITC of 4500 of IGST+900 of CGST+4600 of SGST
Then my credit will be only for SGST - Rs. 1200
So I need to pay tax as CGST - Rs. 1500, SGST as Rs. 300 (1500-1200).
I will be greatful if you can guide as to this understanding is correct.
Regards,
Dear Sir,
The return is filed with no books of accounts case, in ITR 3, as per profit/ gross total income books of accounts are applicable, but assesse has not maintained books of accounts, in such case I am revising returns with books of accounts,
may in future in any notice income tax department ask for books of accounts?
I applied for a company incorporation in in which a minor error occurred in registered address. My village name is "Ujirhati" but unfortunately wrongly I entered "Urirhati".
Will there any serious problem due to this?
Dear Team,
I am practicing CA & need to certify MCA form.(CSR-1). What should we put in form at the place mentioned as Certificate of practice number?
I have also registered my DSC on MCA website as practicing professional but while pre scrutiny of form , error occurs as details of practicing professional not valid. Kindly enter valid membership number/ certificate of practice number.
Please help.
Hi Sir / Ma'am,
Today is the last day for return of TCS. But our office is closed and we can not access the software from home. Has government extended the date yet ? Else what we are supposed to do ?
Regards / Vijay
1. In continuation to the query and reply given by Shri B Chakrapani Warrier on the above issue, I would like to ask whether ADT1 is to be filed first time when appointed by Board of Directors, and then again when regular appointed for 5 years by EGM/AGM.
2. If resigned due to change in constitution after 3 year out of 5 years appointment in proprietorship, then for how many years the firm will be appointed in EGM whether for 2 years or 5 years. As per provision auditors has to be appointed for 5 years, means not less than this.
Please give your advice.
Thanks
can anyone say in form 27EQ which amount to be stated in colum total value of purchases and amount of payment or credit. What is the difference between the two.
Is 80G deduction allowed on goushalas engaged in cow care and related activities?
Sinrji,
My daughter is NRI leaving in UK. She is resident of UK now. Can I appoint her nominee to Gold sovereign bonds of RBI. ?
I have joined a MNC, they have clubbed the gratuity into my CTC part. and had indicated growth benefit for joining the company
1)As I am ending 4 years citing Pandemic and Degrowth in business, OH reduction , gave me a marching order ,in May 2021, And Claims Gratuity is after 5 years and not permissible in this case
Is There any law which can support me to claim back gratuity?
Deepak
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Course on Foreign Exchange Management Act (FEMA)(without recording)
New setoff rule to be applied - please guide