One of of our client facing financial problem and has not paid GST since Jan 2019.

In accounts sales are recorded at net value. GST collected is shown as liability and same is not included in turnover.

What will be the tax implications if he does not pay the same before the due date of tax audit ??

for Calculation of Capital Gains on sale of Land, which date is to be considered as date of acquisition in the below mention dates

1. Date of Agreement 31/03/2010
2. Date of Registration 08/04/2010

kindly let us know

30% deduction u/s 80JJAA is for every 3 assessment year (30%+30%+30%) OR 30% in total means(10% +10% +10%). Please clarify??

Hi Expert,

I had filed my income tax return(Interest income on FD) ITR-1 as on 07.10.19, but i have not remember to check or Chose Return filed u/s 139(4) i.e. belated return. and my ITR filed by default u/s 139(1) i.e. on/before return.

Now i am trying to file the same return with u/s 139(4), but it is not taking.

Please suggest is there any problems came or is there any other options to correct it

Thanks

I have charged wrong GST 12% instead of 5% in tax invoice and a have generated e-way bill as well. Invoice date 4/10/2019.
So now sir, What should I do for change Tax rate in invoice.

Thank You Sir.

My client is retired from BMC on 30.09.18 and BMC deduct Rs.1200/-as P.tax. and while filing return mention in pensioner coloum . now received notIce U/S.143(1)a(ii). mention that Professional Tax u/s.16(iii) is not allowed for pensioner.
Rs,1200/- for april to sept 18.

Please advice me in this regards.
Thanks.

Sir,

Proprietor has book train ticket, hotel, cab and make the payment from Current account.
how to adjust the same in books of account.
Can we debit Capital account or any other method
Please guide

Dear Sir

Partner has been paid home electricity bill from his current account please advise how to adjust the same in books of accounts.

WE HAVE REGISTERED U/S 12A AND DURING THE YEAR WE HAVE TAXABLE INCOME OF RS. 54 LACS U/S 11(3) FOR THE AY 2019-20, WHAT WILL BE OUR TAX LIABILITY i.e. AT WHAT RATE WE HAVE TO PAY INCOME TAX .

K M GOYAL

DEAR SIR/MAM
THIS IS TO INFORM YOU THAT DUE TO THE LACK OF KNOWLEDGE WE SELECT THE OPTION OF (AJP). BUT THIS IS A GURUDWARA SAHIB WHICH COMES UNDER THE STATUS OF (TRUST).
IN THE FORM OF CORRECTION THEIR IS NO OPTION AVAILABLE TO CHANGE THE STATUS.



YOU ARE REQUESTED TO GUIDE US ABOUT THE PROCEDURE TO CHANGE THE STATUS.