Sir , As per my AIS Interest is as Rs 5 Lakh (Bank FD 2 Lakh , Post office i 3 lakh ) .

As per IT return it is 3 Lakh ( Bank FD 2 lakh, Post office 1 Lakh) .

Reason of variation is Post office interest shown on accual basis.

Now I have received SMS/Email from Deptt that High Value transaction which does not appear to be in line with IT return .

And they have marked * on FD interesrt to give feed back ..
Option A .Information is correct .
Option B. Information is not fully correct option C information relates to other PAN/year and
Option D information is duplicate

. In this case which option to be selected . They hace not marked on post office interest but marked on Bank interest.
Whether option A to be selected or option C to be selected.

I have uploaded and filed GSTR9C with wrong financial statement, how can Icorrect the mistake ? Is there any fine?if grivance filing what are steps ,please give me a proper answer

RESPECTED SIR
GST REGISTRATION WAS CANCLLED 1 YRS BACK AND CANCELLATION ORDER ISSUED WITH NO LIABLITY . BUT NOW GST REVERSAL NOTICE DRC01 COME AND ITC NOT CLAIM EXCESS DURING FY 18-19. IS NOTICE VALID? PLEASE ADVICE THANKS.....

Dear Experts.

i have filed income tax return for partnership firm. after return processing received intimation 143 (1) with demand due. i will check the intimation, in annexure Profit and loss account "as computed u/s 143 (1) Salary/Remuneration paid to Partners of the firm is 0. So, demand is arise.
what is the problems. please let me know. Thank you

Respected Sir, we have recd. goods in 1st Jan 24 w.r.t. invoice dtd. 26-12-2023 & this invoice will show in our GSTR 2B, but due to non receipt of goods we have to reverse this ITC.

Kindly advise how to reversed & claimed this ITC in 3B.

Regards,

Rakesh Sharma

The Assessee Sold his ancestral land over a period of two years in small lots & constructed three houses over a period of two years.( consumption of capital gain is subsequently applied to construction).

Three (3) combined(Adjoining) plots are purchased & three different Maps are approved in the name of assessee ( as he has three sons he made all three together)

Can the assessee claim exemption U/s 54f for all three houses in two years period.

1. WHETHER SUPPLY OF INTER STATE SERVICES REQUIRES GST REGISTRATON. (TOTAL TURNOVER ONLY 8 LACS ).

2. COMMISSION RECEIVED FROM INTER STATE FOR SALES MADE FOR PARTY. WHETHER REQUIRE GST REG. OR SLAB OF 20 LACS EXEMPTION IS THERE.

The assesse company had given corporate guarantee to State Bank of India on behalf of its subsidiary company XYZ Limited for credit facilities availed by XYZ F.Y 2010-11. The said corporate guarantee had been released by bank on dated 22-10-2019. Kindly advise in above mention case GST applicable or not

Respecting Sir/Madam,

"Sale of Agricultural Land in Rural area is not a Capital Asset" so no capital gain tax is applicable.

But,
1) Whether Sale consideration is accepted in the mode of 'cash' ?
2) if, in case " mode of cash is acceptable", Whether he can Deposit the cash in Bank?
3) The client wants to sell his 5 acres of agricultural land in rural area @ Rs.15,00,000. but stamp duty value is Rs.10,00,000.

Whether he can Deposited in Total amount of Rs. 75,00,000. in his bank account or he can only Rs.50,00,000. and also is there any tax complications.

4) Whether he can Receive Total amount of Rs.75 Lakhs in a mode other than cash WIthout any tax impacts.

Please give me proper advise.

Sir/Madam

I have one query regarding credit card transaction.
One of my friend in insurance business and he paid insurance premium via his own credit card and insurer are pay him or credited in credit card account.

How to treat this type of transaction, if income tax department demanded clarification about these transaction? It is valid transaction or not?
Is insurance premium receipt is valid documents as a proof to income tax dept.??

thanks in advance.