SIR
I am a proprietor and bought a loan of Rs.40 lac from Bank in the last year for constructing the office and house. Rs.30 lac out of Rs.40 lac are with drawn and expended by cash and the rest of Rs.10 lac expended by bank. Further, I spent Rs.15 lac by cash for additional work.
Can I show the expenses relating to the construction in my accounts and claim any exemption for paying repayment of interest from paying Income Tax ?
guide me plz
thanks in adv

If taxable supply is more than Rs.50Lakhs then 1% is to be paid...whether this 50lakh limit is to be considered for each month?
1% of liability means each of IGST,CGST and SGST Separately?

Dear sir,
While filling TCS Return 27EQ Error file "T-FV-4339 No value to be provided under this field" is generated,
Please help me how to resolve it.


Thanks in advance,
Regards,
Bheema Reddy.

A wrong invoice no issued in june 2020 and gstr1 filed. Canit be rectified in portal? What is the procedure?

We are Job worker, we are doing assembly process in that some components add in assembly process, my query is what is the taxable value, whether we consider value of material supplied by principal for taxable vale or not   

DEPRECIATION rate for 1) Plant & Machinery 2) equipment used in machinery as per companies Act

We made amendment in non core field and status shown is approved and assigned to NP. WHAT does NP MEANS? PL CLARIFY?

By mistake purpose we taken excess Input credit for the month of Nov,20 3b return IGST 102520, CGST 12200 & SGST 12200 , Now Dec,20 month 3B return we want to reverse the above amount , please tell us how many Interest will be payable on IGST, CGST,SGST...

For Calculation purpose details shown below
Nov,20 3B return SUBMITTED date 15.12.20
But RETURN FILLED DATE 20.12.20 &
WANT we will submmited Dec,20 3B return 18.01.21

Dear Sir,
An Assessee having a Proprietorship business of Medicine Shop and his turnover is Rs. 1.20 Crores and Net Profit is above 8% and so he is not required for Tax Audit, but his CA by mistake has filed Tax Audit Report i.e. Form 3CB, 3CD for A.Y. 2020-21 and now the Proprietor does not want to file Audited ITR -3 and he wants to file ITR - 3 with no audit case. Is it possible to do so as 3CB 3CD has been uploaded in the IT Portal.

Thanks,
Abhishek

One of our client is in the business of Future and options . We have prepared his Trading account as per our ICAI Guide lines. Positive profit on Credit Side and Loss on Debit side. and difference is Profit from FNO. Now going for ratios to be calculated in form 3CD in Gross profit ratio. What sales we shoud take.
1. Should we take total of Positive and Negatives or only Positive Figure as turnover.