Respected Members
for FY 2018-19, I forgot to show certain outward supplies (sales) which although I have shown in September 19 Gstr 1 but in Jan 20 gstr 3b. Further, sales that left to be shown are just half of the sales that are shown in GSTR 3B upto Sept 19
Now in Annual return for 18-19 can I show such sales in table 10?

In a balance sheet of prop firm ,the housing loan taken by prop is shown as capital while house is not reflecting in fixed assets side. The balance sheet is duly signed by CA.I think it's invorrect. What does he law says ?Kindly guide?
Regards.

Dear Sir,

I am having 2 types of Income i.e. Contract Income of Rs. 15 lacs on which TDS is deducted @ 1% and Professional Income of Rs. 3 lacs which I receive for providing various taxation and other consultancy services. On this professional income no tds gets deducted but I have to show in Balance sheet as my income.

I wanted to know will there be any query raised by Income tax department in future if I show 2 types of Income in my file and whether it is now right if I file the return U/s. 44AD as I used to do it previously when I was having only Contract income.

My total turnover doesn't exceed Rs. 20 lacs in the entire financial year.

Please suggest me in this matter as I have to still file my return for F.Y. 2019-20.

Regards,
Divyesh Jain

A trust is running school and It has some idle land and its earning rental income of 1500000.p.a.It doesn't have GST registration.

Is trust is liable for GST for the rental income?? & Liable to take GST registration??

If yes please send me relevant notification/circular/rules/

Please help me to resolve this issue

Is compensation received from government against compulsory acquisition of land for road development is taxable?
1) If land is agricultural-
2) If land is non agricultural

Which form is used for filing ITR?

Please clarify

If an entity is selling exempt goods to another state & charges forwarding charges then whether it would be liable to obtain GST registration as per Section 24 of CGST Act?

Whether Flipkart Returns are to be treated as Credit Note and to be reported under GSTR 1?

I.t.assess gas amount paid to through on bank account Rs:800/- some amount refunded rs:180/- amount credited in Assess bank account.
Question:
Assess refund amount other income added or exempt in I.t. act. and accounting entries passed both transactions

Say I have sold a property on 1/jan/20 having capital gain of 50 lakhs and
another on 1/sep/20 having similar capital gain of 50 lakhs.

Can I avoid capital gain tax by investing in 50 lakhs in bonds on 1/5/20 and another 50 lakhs on 1/oct/20. If this is not allowed because I cannot invest more than 50 lakhs in a FY,

Can I invest 50 lakhs on 1/mar/20 and 50 lakhs on 1/oct/20 to avoid capital gain tax on both sales?

SIR
ONE OF OUR CLIENT RECEIVED AGENCY COMMISSION IN FOREIGN CURRENCY FROM FOREIGN SUPPLIER FOR AGENCY SERVICE RENDERED IN INDIA. PLEASE LET ME THE SAME WAS LIABLE FOR GST. WHETHER LIABILE FOR GST WHAT IS THE SAC CODE.
PLEASE CLARIFY