Hello, One of my Friend received notice for F.Y 2014-2015 for providing cab to ola. Ola deducted there tds in 194 C.
I like to know have responsibility of Service tax payment in this case.

I am holder of equity shares of Atlas Copco India Limited.

The shares of the company are delisted few years back. Recently company has redeemed the shares. The sale proceeds received by me has been treated by the company as deemed dividend in terms of Section 2(22) (d) of the income tax Act.

I will have to show this deemed div.as income from other sources.

What about the cost of share purchased by me. can I claim it as deduction from the other income in my income tax return ?

Please advise.

Cs Pankaj Ajmera.

How to claim if ITC not availed wrongly. i.e in April 2019 ITC is Rs. 100,000/- but wrongly shown in GSTR-3B 75000/- then how to claim in March 2020 if noted in March 2020.

SIR
Mr.X who is an unregistered dealer buys the products from a Private Company and sells to the party Mr.Y (i.e) the end user. The turnover during the year may result below the exemption limit of Rs.40,00,000/-p.a.

My doubts are,

1] Mr.X receives invoice with GST from Company and bills to Mr.Y without charging tax but with his margin.
Can he do it ?

2] Mr.X has to issue e-way bill on sales to be made to Mr.Y ?

3] Mr.X ,not a registered dealer, is covered under the cash transaction limit of Rs.2,00,000/- for a bill?

4] Mr.X should file ITR1?

5] Can Mr.X do his business at home itself without any further place of business?

6] In case Mr.X pays freight on outwards, how gst provisions are applicable on that freight?

7] In case Mr.X closes his business in the middle of the year, should he inform to any dept.?

guide me plz
thanks in adv

I have purchased shares of Bharati Defence Limited ( formerly Bharati Shipyard Ltd.) from the market. The company has gone into to liquidation as per NCLAT order.

When can I show the cost of purchase of shares in my books of account as capital loss for income tax purpose ?

Please advise.

Cs Pankaj Ajmera

Will any body guide me in regard to filing of annual GSTR9 for the financial year 2018-2019.
The taxable turnover is less than two crores.
I require detailed method such as what to verify and how to file it.

Thanks
R S Sai Kumar

my one fd mature on 22 April 2015. at that time it's Maturity Amount is 31391. Now on 20.08.2020 i Request my Bank to Renew Fd. As per RBI Rule i Get Interest at Saving Bank Rates. My Question is bank calculated interest as per Compound interest formula or by Simple Interest Formula. pl. Guide

SIR
If a Private Limited Commences its business at the end of financial year i.e say for example 29-02-19 (2019-20), whether It should file ITR for 2019-20 separately OR Is it enough to file ITR only after the end of next financial year -2020-21?
clear my doubt plz
thanks in adv

We have sent one defect (earlier imported) item to foreign supplier for repair under GR Waiver. Repair cost runs in to Euro 1. 70 Lakhs upwards- definitely giving this a new life.
Whether this is expensed to P & L Account or be capitalised?
AS 10 -ICAI Guideline, ((IAS-16--directly attributable costs--here must be additional probable future economic benefit associated with this subsequent expenditure that will flow to the entity.)
Kindly guide,
Regards,
Jayanta Bandyopadhyay

One Charitable trust has earned Capital Gain on sale on land held as Capital Asset.

Can the trust avail benefit of Section 54EC by investing in bonds prescribed.

Further, can the Capital Gain Tax be avoided if the entire gain is invested (85% criteria for trust) for charitable activities during the year.

If any other better option is there, please suggest.

Regards.