DEAR MEMBERS, TIMBER PURCHASED 25LACS AND TCS COLLECTED BY SELLER. SALE IS 21 LACS. U/S 44AD ITR WAS FILED. DEPARTMENT SAYS 25 LACS TURNOVER AND ITR WAS DECLARED DEFECTIVE.BUT ACTUAL SALE IS 21 LACS. HOW TO REPLY MENTIONING/COVERING I T SECTION FOR TIMBER PURCHASE. KINDLY GIVE YOUR OPION.

Hi

I am an insurance agent and hence gst is applicable on rcm basis. hences not registered under gst till date.

but now commission is exceeding 20 lakhs. whehther registration applicable now

Sir my client paid LIC premium in A.Y. 2018-19 Rs 194860 With sum assured as receivable as on 28/06/2026 Rs 200000. and client do not avail any deduction of any amount. But due to some reason client surrender LIC in A.Y. 2019-20 and receive amount Rs 180735 and TDS U/S 194DA deducted Rs 1807. how to show in income tax return and what option select for head of income in TDS shown in ITR.

Sir, Does this include Pvt Companies as well?


This has reference to The Companies (Amendment) Act, 2019 promulgated on July 31, 2019.
Section 7 of The Companies (Amendment) Act, 2019 states as under:
7. In section 29 of the principal Act,—

(i) in sub-section (1), in clause (b), the word “public” shall be omitted;

(ii) after sub-section (1), the following sub-section shall be inserted, namely:—

“(1A) In case of such class or classes of unlisted companies as may be prescribed, the securities shall be held or transferred only in dematerialised form in the manner laid down in the Depositories Act, 1996 and the regulations made thereunder.”.

Dear Experts,

Amount Deposited in the Capital Gains Depisit Account in the FY 2017-18 and claimed Sec 54Deduction.for AY 2018-19.
Amount Utilised for purchase of new residential Property in the FY 2018-19 by withdrawing the amount from Capital Gains Deposit Account.

Is there any requirement to show the amount utlised out of Capital Gains Deposit Account in the ITR for AY 2019-20?

Practical Aspects : application of income meaing of  Application of amount may be of revenue or capital nature.

Example 

Preparing Receipts and Payment 

Total Receipt excluding opening balance of cash and bank and receipt including loan amount . The considering application of income of trust 

CAN ANY ONE SHARE AUDIT REPORT FORMAT OF RELIGIOUS TRUST UNDER TRUST ACT

1. In GSTR-9 Bank Saving a/c and Fixed Deposit Interest recd. during the year is require to fill under exempt outward supply or not. and
2. In GSTR-9 column No. 16A Supplies recd. from Composition taxpayer- We have to fill supply recd. from Composition dealer only or total figure of supply recd. "from a supplier under composition scheme, Exempt and Nil rated supply" as per filled in Table No. 5 of GSTR-3B. pls reply.

Hi dear
How are you
1. My question that one bill generate 10000
Party name Subham tiwari and same time after Cheque give Rohit name when to bill generate subham name how jarnal entry

Respected sir,
We are engaged in business of milk sales which is exempt under gst, and turnover of which is apx 3.5 cr and we also have commission income amounting 65000 whether we are liable to take gst registration reason for that is when we refer definition of turnover it includes turnover of exempt sales. please clarify the same. if you provide with section it will be much helpful.