Hi experts,

I have LTCG losses of around 20K for this FY and also from carried forward from last FY. For this FY, I have LTCG gains of around 40K (after indexation) from Debt funds. My question is, can I set off the 20K loss from equity against 40K gains from Debt? Appreciate your clarification and thanks in advance for your help...

Regards,
Prabhu

Is there any AS for the accounting of preliminary expenses.

From the past data the indices were calculated for money in circulation and cost of living. Find if there is any correlation between them supposing that the money circulation affects the cost of living Index of money in circulation: 110, 120, 125, 128, 132, 140, 150 Index of cost of living: 105, 108, 110, 112, 108, 130, 134​

Can anyone please suggest the taxibility of insurance claim received under motor vehicle accidental and deduction of expenses for earning such income like lawyer fees etc

Thanks in advance

DEAR SIR
MR A. REG.UNDER GST. ACT IN THE NAME OF M/S XXX TRADER. MR A PASSED AWAY AS ON 1ST FEB 2020. AND CLOSING STOCK RS,35.00 LAK, AND ITC CLAIM RS 8.00 LAK..MR Y.(BROTHER OF MR A.) REG UNDER GST ACT, SAME TRADERS NAME OF XXX TRADER. MR. Y.RIGHT IS CLAIM AND TACK OF ITC AND CLOSING STOCK FROM A TRADERS?

Hello,
One of my client (Husband) filed income tax return showing capital gain income and paid tax also however buyer deducted property TDS @ on 1% (Rs.76000/- ) wife pan and the same is reflecting in wife pan and It returns of wife is not filed.
1. Now my question is how to get the refund of TDS 76000 of the property value 76,00,000/-. what the best way to sort out the above issue?

Sir, current account se cash credit account me paise transfer krne ki entry kya hogi? Kya entry contra me hogi

Dear Sir,

Please help while uploading file in Offline Tool with GSTR1 getting below error

Following Invoices contain Invalid Inputs:
Possible Reasons:
•Invalid date format provided for the inputs
•Did not provided the values for required fields
•Given 0 value for invoice/note number.
Please Check For Mandatory Fields,Validations,DateFormats(dd-mmm-yyyy) And invoice/note number

The standard deduction under salary head is amended from Rs. 40000 to Rs. 50000 by Finance Act 2019, and applicability as per Act is "with effect from the
1st day of April, 2020." which mean A.Y. 2021-22 but as per many sites and sources Rs. 50000 deduction is taken in A.Y. 2020-21 and Income tax calculator of Income tax sites as well giving a deduction of Rs. 50000 for A.Y. 2020-21.
Please help me to know that when such amendment will applicable.

ASSESEE ENGAGED IN COMMISSION BUSINESS AND ALSO TRADING BUSINESS. AS COMMISSION BUISNESS IS NOT ELGIBIBLE FOR 44AD, HE MAINTAINS BOOKS OF ACCOUNTS FOR COMMISSION BUSINEES.

MY DOUBT IS WHETHER HE CAN OPT 44AD FOR TRADING BUSNIESS