Ramesh Singh

Do I have to pay high capital gain tax on a commercial property which was in possession illegally with somebody else for last 20 years now being settled by court in my favour & if the buyer is paying less than the market value


CA Parul Saxena

The material was returned by the buyer. I filed the GSTR1 and details of credit note issued for Sales return was entered there.

Later on i found that in 2A the buyer has shown this sales return as sale to us and thus it is reflecting in our 2A as purchase..
Our buyer is insisting us to rectify it. What is the solution of it??


farook
05 March 2020 at 15:37

Cash limit Per day

Dear Expert,

What is the cash limit per day,Can somebody explain about this

If i am paying 10000 for X that is the limit for that Entire day ?


Bskskb
05 March 2020 at 15:35

Treatment of fees paid for SH7

Existing company has increased share capital and paid roc fees for Sh-7 i.e. Paid stamp duty and fee for Sh-7. Either the duty can be claimed as revenue expenditure or expenditure under 35D


Surinder
05 March 2020 at 14:59

Loss by Fire


Dear Sir
Goods damage due to fire. i have made the below entry in books ( tally)
Loss by Fire 16230/-
Purchase a/c 14440/- Cr.
IGST Input 1790/- Cr.
Please advise it is right method or wrong also please suggest how to reduce stock item wise in tally


Surinder
05 March 2020 at 13:50

TDS on Fixed Deposit

Dear Sir,

What is the basic limit of TDS deduction from fixed deposit. earlier it was Rs.10000/-


KINJAL GIRISH PARMAR
05 March 2020 at 12:49

Section 194H Limit of Rs. 15000

What if I have deducted TDS on Commission on first payment which exceeded 15,000 & then my subsequent payment was less than Rs. 15,000.
Am I liable to deduct TDS on subsequent payment also?


ANIL MATHUR
05 March 2020 at 11:54

CREDIT NOTE FOR REBATE

Can we issue a credit note without charging the GST to our customer on account of Rebate on performance Basis.


sanjeev singhal
05 March 2020 at 11:50

Pvt. Ltd. company converted to LLp

Our Pvt. Ltd. company got converted to LLP in February 2020. The Pvt Ltd. company was having carried forward losses , TDS for current Financial Year , Fixed Deposits, Property, and Bank balances. We have taken New PAN for LLP, and open new bank bank account.
Please Advice:
How to claim the carried forward losses of the Pvt. Ltd. company in the hands of LLP, since Pvt. company is no more in existence as per MCA. How to claim the Deferred Tax Liabilities of Pvt. Ltd. company in the hands of LLP.
How to claim TDS of current year of the Pvt. Ltd. company. in form 26 AS only Pvt. Ltd. PAN is mentioned.
Do we have to file ITR of both Pvt. Ltd. company and LLP for the A.Y.2020-21.then we have to continue to hold the bank account of Pvt. Ltd company till we get refund of TDS.



deepak
05 March 2020 at 11:48

GST-9 AND GSTR-9C RELATED

GSTR-9 is optional for whose turnover upto 2 crore or less than 2 crore and GSTR-9C applicable for whose turnover is 2 crore or exceed 2 crore. Is it Aggregate turnover criteria applicable for Private limited and LLP also?