When Owner enter JDA and received Cash & Flat both as consideration as per agreements, and if he resold those flats, what would be the cost of acquisition for the flats?

Dear Sir ,
For single owner frenchisee in investment advisory which type of entity is better for protection and benefiting tax and liabilities. Please advise and guide

Dear Members,

In one of the Assessment Proceedings for the Assessment Year 2018-19, The Faceless Assessment Unit has considered Income from Intra day Trading in Equity and Income from Trading in Futures & options as Short Term Capital Gain.

The Assessee has considered Income from Intra day Trading in Equity as Speculative Business Income and Income from Trading in Futures & options as Normal Business Income which in my opinion is correct.

Whether the below noted contention of the Assessment Unit is correct ?

Contention :"Since the assessee is an Employee of a PSU, the Profit from Intra day Trading in Equity and Income from Trading in Futures & options is considered as Short Term Capital Gain and hence the same is calculated accordingly"

Hi All,

I submitted ITR 2 FOR financial year 22-23 and got a refund in Aug. Now I have realised that I have shown higher FD Interest income in my filing. So I believe I have to file a revise ITR 2 and claim for a refund.

Just want to understand how I have to show the refund in my revised filing which I received earlier. Whall All things I have to take care of in my revised filing

Please suggest.

Regards,

Dear Experts,
Please guide me on below mentioned method of availing ITC in GSTR 3B as per GSTR 2B.

Total auto populated in 4(A)(5) Rs. 100000/-. On matching 2B, I find that Invoices not received to accounts Department for ITC Rs. 5000/-.

Here, I am claiming full ITC under 4(A)(5) which is Rs. 1 Lakh and Ra. 5000/- is being reversed under 4(B)(2).

And in next month, I receive missing Invoices having ITC Rs. 5000/-. Then, In next month's return I am adding this amount under 4(A)(5) and the same amount is being showing 4(D)(1).

Am I doing right?

Sir/mam,

We have dowloading Format A from Einvoice Portal and filling details and uploading Einvoice.

We are exporting and sale invoice raised in consignee name Mr. y( Sale Invoice raised and Good delivered ) and Buyer Mr. Z (as per PO issued in the name of Mr.Z in his terms and conditions he informed to raised invoice and delivered good to Mr. Y )

Now my doubt in Format A Einvoice buyer Place which name i had to mention Mr. Y and Mr. Z

Shipping Bill details not mentioned in Format A at the time Einvoice

When Filing GSTR1 We have entered Shipping Bill details after that einvoice refnumber not showing it is correct or not

Thanking you,

I had filed my tax returns on 13/07/2023 and the refund with the assessment order was received on 26/07/2023. I had income from renting office space and my tenant
had deducted the TDS amount but had not paid the TDS to the Govt. When I saw the AS 26 as updated till 07/06/2023,the amount of Rs 9,000 paid by my tenant as TDS was not reflected. So I paid my taxes accordingly. In December 2023 when I told my Tenant to vacate after the lease period was over, I could see in his statement of accounts that he has paid the TDS for AY23-24 to the Govt , When I checked AS 26 for AY23-24,,this amount was reflected now. How Do I claim my Tax refund of Rs 9,000?

if received NON-Fillers message from ITD should file ITR ? if yes what to do with compliance portal, no transaction trace do not have any business

Hi,
We have deposited the TDS of Rs. 30,00,000/- under section "195" for the AY 2023-24, but TDS could be adjusted only 15,00,000/- against this challan. Now here is the query that, can this excess balance of Rs. 15 lakh be claimed with other sections' TDS liability, like section 192-B, 194J etc. in current AY 2024-25? Please clarify.

Mr. A having GST Registration in UP and got road repairs contract in MP from XYZ Pvt Ltd having registration in MP. Mr. A ask Mr. P who is registered in MP to supply labour services for the said work. Place of supply for MR. P would be as per section

12(1) - general rule - location of receipient i.e. UP

or

12(3) - place where immovable property situated i.e. MP

Location of Supplier (Mr.P) is MP.

If place of supply becomes UP then Mr.P will charge IGST. Credit will be available to Mr.A

If place of supply becomes MP then Mr. P will charge CGST + MPGST. Credit will not be available to Mr.A as it will fall under restricted credit due place of supply provision.