One of my clients is salaried, apart from that she did open a Business in the P.Y. No information regarding net profit is furnished, from her Bank Statement, it is found an amount of Rs. 5,06,000 received after closing the business. So how should I show the income? Shall I file ITR-3 and show the income as presumptive tax? or other else. Please guide me

What will be the date of acquisition of the property for calculating the Capital Gain in the following situation?

Mr. Kumar purchased the property on 05.06.1986 & then he has transferred through settlement to his son Mr. Krishna on 05/11/2002 thereafter Mr. Krishna transfer the property by settlement deed on 18.03.2018 to his daughter Divya . Now the property has been sold by Divya on 18.11.2019.

Hello
One of my client is GTA providing services on RCM. While filing 3B there is no GST liability and no ITC set off is taken. however can we accumulate GST paid by company on various revenue and capital expenditures while filing GSTR 3B ? so that it has got reflected in ITC ledger on GST portal over the period. is it allowed to accumulate ITC while providing services which are exempt or on RCM basis ? We are not setting it off but wants to know accumulated ITC is allowed or not on CREDIT LEDGER. can we utilize such accumulated ITC balance in future on proportionate basis company provides any taxable service ?

Sir,
A lady received 3 years salary as lumsum payment from the government department where his husband was working and his husband was expired before his retirement and there was 3 years remaining in his retirement age so the department gave his wife 3 years salary and also deduct TDS on that after his dealth for the remaining period of job
Please suggest the taxability of this salary amount received in the hand of widow of employee.

Sir, I just found out that some other person in a different company is using my DIN. The records were showing in the MCA under my DIN. However, I am not a director of that company. That director has the same name as mine, so could be a mistake.

What should I do? Please kindly help.

DEAR SIR,

WE HAVE STOPPED INTER -STATE PURCHASE FROM APRIL, NOW THEY HAVE ISSUED CREDIT NOTES, MY QUESTION IS HOW TO ADJUST IGST CREDIT NOTES BECAUSE THERE IS NO INTER-SATE SALES OR PURCHASE UNTIL NOW THEY ISSUED CREDIT NOTE IN THE AUGUST MONTH HOW TO ADJUST THESE CREDIT NOTES TO REDUCE THE VALUE OF THE LOCAL PURCHASES OR ANY OTHER WAY TO ADJUST THESE CREDIT NOTE PLEASE HELP ME AND GUIDE US

REGARDS

i have issued tax invoice for goods retuned to the seller and showed in gstr1
BUT the seller has issued credit note against it
How can go about filling GST9 based on this?

If a person is of Indian origin and works in another country for 3 years, he is a non residents for the purpose of IT. now if he sells shares and having LTCG, should he report under schedule 112A or 115AD(1)(iii)?

Hello, will be grateful for following informations:
I am having case of AOP. It is registered under Bombay Trust Act.
This AOP is running 1 school. and needs to prepare Balance sheet and file ITR.
Now my query is -
1. Who can be auditor of AOP (Association of Person) (Sanstha)?
2. for filing ITR of AOP should we need to file any FORM before/after filing ITR?
3. Should income of AOP be shown under Business Income? and should we file Balance Sheet & Profit and Loss in ITR?

Thanks in anticipation.

Hi Experts,
Need some guidance on the below topic:
"A" provides service to "B" and raise an Invoice for the service provided. At the end of the year, based on the volume of business, "A" needs to pay back 5% of the total Sales amount to "B". This is something which they termed as cash back in commercial parlance.
E.g. If total sales during the year is Rs.1,00,000, then at the end of the year A has to pay Rs.5000 to B as cash back amount for the business given by B to A.
The question here is, whether the cash back amount is subject to TDS? If yes, will it attract TDS u/s 194H?
Please suggest.
Thank you!