hello sir
ek client ka gst r1 main may month main sale 5cr dikhaya tha loan regarding
but uska achual sales 2cr tha
uska nature of bussines milk sales hain exempt sale hain

to uska amendment kaise kare next month main table no gstr1 ..?
amndmend b2c main chalega kya

We have deducted & deposited TDS @ 20% rate because Party does not provide his PAN number for the Month of May,2024.

Now how to file 26Q Return without PAN No. ??????????????????????????

Form 16 issued with OLD TAX REGIME and TDS has been deducted under the head of salary of a Salary person. Now can he choose for his income tax return AY 24-25 in New Tax Regime and Can he claim his TDS (which has deducted under the head of salary income)?

Hello Members,

I sold of shares in HUF and the proceeds received was then invested in the newly bought residential flat by me and my family. However HUF name is not there in agreement but rest all of the co parceners are owner of the said flat.
Can I claim exemption us 54 F on the Capital Gain on derived on selling of the shares.

If books of accounts of any assesse is audited u/s 44Ab and also having FNO and intraday transaction then can he opt presumptive scheme for FNO and can show Profit and loss as positive figure by showing turnover and 6% profit by banking channel?
If no what is the other option to treat such FNO transaction?

Dear Sir,

Mr A files his return u/s 44AD. He provides gaming services to individuals and corporates. One of his parties deducted TDS u/s 194I(a) instead of 194C and deposited the tax. He uploaded his return showing his entire turnover of 750500/- u/s 44AD.

But he got the intimation of defective return mentioning that the TDS is deducted u/s 194I which is ineligible for presumptive taxation.

There was no event of renting out of anything nor his invoice mentions rent etc.
How can the defect be rectified?

Kindly guide me.
Thanks & Regards,
Suraj

Dear Experts,
We are receiving service work from Multi-Screen Mobile / SEO friendly website design for our company (vendor -online web designing company)

We are processing bill payment to vendor whether RCM will applicable to this bill or not
Kindly do let me know for processing his payment

One carriage inward bill received of Rs. 1,60,000/- from a transporter. In portal, the said bill is shown in GSTR 2A with Taxable Value of 1,60,000/- and IGST of Rs. 8,000/-. but invoice value only Rs. 1,60,000/-. In this case, whether I have to pay Rs. 8000/- as RCM ? Whether Can I claim ITC of Rs. 8,000/- ?

Can we adjust the loss on commodity trading with the business profit or any other taxable profit in the year of loss?

Can we carry forward such losses after the current year adjustment and set off against future taxable profits

Is there any difference in taxability of the above in the case of Private Limited Company, Partnership Firm or Individual?

I had bought SREI NCDs (secured) worth Rs 9.9 lacs (principal amount) -with maturity on Oct-21. From Jan-21 they
stopped paying interest. Based on the final IBC resolution last year I have received a cash payout of Rs 102018/- , a final OCD allocation worth Rs 323000/- and SR Allocation of Rs 62000/-. The SREI NCDs 990 in Nos were shown as redeemed in my demat account on 13Feb24.

Are there any tax implications on the Tranche cash payouts received? Can I claim on the capital loss against the investment amount? How will the calculation be done : Investment amount minus (Cash payout + OCD value + SR Allocation Value) will be taken as loss ?