Dear Sir,
Assessee being asked to pay interest on delayed payment of tax. suppose I have filed my 3B on 22nd day then they are asking interest on my output tax liability whereas I have adjusted my all output tax liability from available itc. Please advise me how to reply them ?

Thanks in advance.

Dear Sir,
I have taken registration GST on November 2019(as a courier agent). And in November i have raised 2 invoice amounting Rs. 50,000/- Gst Rs.2500/-.
Now i want to know it it compulsory to submit GSTR3b monthly basis from November-19 on words.

Please suggest me proper accounting entry for long term captital gain in company. for example building sold Rs. 90 and cost is 35 so what should be entry of capital gain in books of account of rs. 55.

Dear sirs,

Can I take ITC on building materials used (cement, steel, other hardware) on construction of own building. After completion of construction, I am going to either let out the rooms/building or open own shops/super market therein. Please advise me on this.

Thanks in advance

Hi Sir,

I got the following intimation on my capital gain tax.

Communication of proposed adjustment u/s 143(1)(a) of Income Tax Act, 1961.

what should I do now as am not sure about the variance of the amount on capital gain tax, I have calculated from broker website both long and short term capital gain and based on the
adjustments I have return my tax and paid for the Capital gain from my calculation.

Now would like to know how they come across the value from Amount as computed just curious on the difference, how to check and validate with that amount.

If am not responding within 30 days as mentioned in the letter, they will file and again need to pay additional tax?

Please advise.

Thanks
PPkumar

What is the procedure for making an application to Assessing Officer(AO) as required under section 281 of Income Tax Act,1961 ? Is there any way to file the application online?
And whether we are required to apply to AO if there are no pending proceedings against the assessee for any of the previous years ?

If Restaurant registered under regular Scheme to charge 5% GST without claim ITC

So Please advise Should they charge 5% GST on Cold Drink & Chips

If No, then how they will show sale of Cold Drink & Chips (packed food sale on MRP) under GST Return or they will Claim ITC for Packed Food.

Hello Experts,
I would like to know the Scope of CMA course,Career stability and growth.What are the job opportunities in India and out of India too? Is it worth doing?
Please share your views.

I am receiving HRA and I am purchasing one flat in same city......Can I claim HRA exemption and Interest deduction for let out of owned house while being in same city?

Dear Members!
Notification 47/2019 CT dated 09/10/2019 has the GSTR 9/C optional for those tax payers whose turnover in FY 2017-18 & 2018-19 is up to 2 CR. However circular No. 124/43/2019 which stated that after expire of due date the common portal shall not permit to file GSTR-9

Pls let me know what would be appropriate for such small tax payers whose ITC was claimed up to 31/3/2019 in absence of filing how the department ascertain the difference hence if we don't file than department may also issue summon to clarify the difference!

Pls clarify.....

Thanks & Regards.
Karan Kumar