Respected Sir,
I want to know regarding Income Tax provisions for the Purchase of Agriculture Land in Cash for the FY 2011-12. we have made payment of Rs. 1600000 in cash for the purchase of Agriculture land . can we show this for income tax assessment case.Please advise w.r.t. buyer and seller perspective.

Dear Sir,

Please share me Daily stock maintenance party wise reports require with using of highly for formed formulas

Der sar / medam
If cash received limit multiples invoices credit sales and purchase ?

I need to take new GST for my proprietary business. My grandfather will provide an office for my business at free of cost. what should I have to select the nature of possession of building at the time of GST Registration?

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In one of my Clint A.O. passed order u/s. 144 r.w.s. 147 for cash deposit in saving bank account of Rs.14,97,270/- in F.Y.2011-12.
The assessee had not filed the return for the said period.
The above cash deposit transaction is nothing but withdrawing from business account of assessee and depositing in the saving bank account.
Help me in this case as soon as possible.

A local authority (nagar Nigam) registered under gst is receiving services from contractors for making roads, buildings or receiving services of garbage and sanitation etc. Whether the said local authority is eligible to take ITC on services received from the contractors.The said local authority also have taxable outward supplies in respect of rent received etc.

My psu paid Rs. 1,17,85,239/- as loss on settlement of award. Is it an allowable expenditure in Income Tax

Dear sir/madam please kindly guide me through your knowledge of accounts and my question is We paid the payment sister's company behalf of them to the party of rs.15000/- and 10000/- paid My company's purchase expenses to the party in one single payment by bank transaction process, so how can I claim this transaction if 15000 is considered as loan and advances head.

Dear ALL
I have a query where the interest on loan paid against rental property wrongly claimed under other sources.
Kindly help me about the case laws where there is no loss to department on account expense claimed under wrong head as there is same amount.

Thanks in Adavance