Dear Experts,

We request you to provide the opinion on the eligibility of ITC on QIP (Qualified Institutional Placement) Expenses

Thanks
Naresh

Unlisted share purchased but after some time it got listed ,
What will be the holding period of computation of capital gain
Means Short Term capital Gain and Long Term capital gain

In Financial year 2024-2025 as per broker book sale of securities (shares) value is Rs.5,00,000/- and buy of securities (shares) value is Rs.4,50,000/- in short term PNL report, but AIS Report from IT shows Sell Value is 3,60,000/- and Buy Value is Rs.1,05,000/- so, what I will do further. How can I fill IT Return

We received Notice u/s. 92CA(2) of the Income Tax Act, 1961 – Computation of Arm's Length Price-
Assessment Year 2023-24 on 07/04/2025.

My question is, wheather this notice is considered as time barred notice or not. Because it is issued after compltion of 2 years from the end of relevent financial year i.e FY 2022-23

I think Due date for issuance of this notice is 31/03/2025. Am I correct ?

EBRC Generation from DGFT site
It will ask for FOB Value+Freight+Insurance = Total Value

I had made ebrc from DGFT site and Make it with Total Value (Freight and Insurance Value not shown), It has been already 120 days done. it can not be cancelled. so, Any problem create for any claim or ok of that ebrc.

If we take ISD Registration. then ISD can accept that invoices which attract RCM Liability????

I had deposited excess TDS on Rent. Subsequently I had filed refund request. Now dept has asked me to submit Indemnity Bond. Can someone provide me the format in pdf format.

My client has obtained a specific term loan for acquisition of land and subsequent construction of building on it. Land being a non-qualifying asset, should i charge interest on loan related to land to P&L and capitalize the interest related to building as part of cost of Building? Please guide. If not what is the appropriate accounting treatment as per AS-16.

why TDS Receivable entry made at the date of bank Received amount.

R/experts

As per notification No 78/2020 dated 15.10.20, HSN mentioning is not mandatory in B2C invoice for person turnover less than 5 Crore.
1. Query is at present, disclosure of B2C sale HSN wise details in GSTR-1, is mandatory or not in case of registered person having turnover up to 5 crore
2 Can we issue B2C invoice including GST and mentioned on bill rate are inclusive of GST 5% etc and bifurcate the tax element and Taxable sale value in books of accounts in case of turnover up to 5 crore.

Thanks