I have filled ITR 3 for above assessment year in which I have filled Item 64 of Part A of Profit and loss account and Item 6 of Balance Sheet as I have not maintained regular books of account , yet I have received notice for defective return stating that I have not filled PART A of PNL and Bsheet. Whether it is correct notice ?? should I have to filled whole balance sheet and profit and loss account ?

Dear All
An assessee has by mistake charged GST @12% instead of 18%.
Parties who bought goods doesn't willing to pay the difference of duty. What are the tax implications and accounting treatment to resolve this issue.

Dear Sir,
Please guide me how to show the deduction in Annexure-II of 24Q RPU for deduction u/s 80U and u/s 80DDB. No specific column are there for the said deductions. Please guide

March 2021 month invoice not considered while making payment and filing return for the month of March. Can I take that March month bill in April month? Can I make the payment of that bill ?.If yes will it attract any interest?

Sir,
A gst registered regular scheme dealer sales turnover below 2 crores yearly.dealer b2b and b2c both types transactions.
Question:
Dealer hsn code show compulsory in gstr1 for april-21 return.

While making payment of TDS unfortunately I entered a wrong TAN and processed the payment (incident took pale on 23 April) .....on the same day I went to AO for correction but due to election and Corona not a single person of TDS department were there so not able to submit the request there. There after I wrote a mail to my AO but till know have not got any response from there.

Is there any other process for TAN correction in TDS payment challan

Hi All,

I was deemed an NRI few years back, according to Income Tax laws, because I had to be outside India for employment purposes for more than 184 days in a financial year. I had opened a Post Office Monthly Income Scheme (MIS) account when I was back in India. Honestly, back then, I wasn't even aware what constituted an NRI in the eyes of IT dept as we always believed NRIs were those who left India & had no intention of returning as a citizen. Consequently, I wasn't aware of the restrictions on NRI investments in India.

I only recently learned while browsing online that NRIs are not allowed to invest in Post Office Savings schemes including MIS & other time deposits!! As of now, I am again a Resident because in FY2020-21 I was home due to the global pandemic & my stay in India is now more than 182 days in the FY.

1. What are my options now? Should I prematurely close the MIS account? Should I wait for its Maturity?

2. Can I still open an MIS account if I become a 2nd account holder in a Joint account for MIS along with one of my Resident Sisters?

Thank you for your time and help.
CS.

Dear Expert

Kindly advise one of our Customer sale of goods value cross morethan Rs.50 lakhs sale value in Feb-2021 if i take sale value from April-2021. kindly advise in this case.

TCS is to be collect from April-2021 value or From Oct-2021.

Respected Members,

Our company is a startup company withs paid cup capital of 200,000, how to enter this in tally? when I entered it as opening balance under Partners capital ledger, it shows a "difference in opening balance" in the Asset side of the Balance sheet, pls help

I have normal business income as well as Fno income...so if i report both in business income u/s 44ad then my GST turnover and income tax turnover will be mismatch..

I have to combine turnover of normal business and Option trading while reporting in 44AD..What to do..? How to report..?