we are planning to sale our old machines to local dealer. Please advise whether the purchaser can avail GST credits on the machine we are planning to sell. Do we need to raise Tax Invoice? please advise

Return of income for the Asst. year 2016-17 carry loss of Rs. 10lakh , which was filed after due date of filing return of income U/S. 139. Also Next asst. year return of income this loss was not b/f due to late filing of return.
In scrutiny case no any addition made but loss not c/f as per return filed late (considering section 80 as well as u/s 139(3)) and levied penalty u/S. 271(1) (c) for incorrect information of loss c/f .
My question is officer is correct in his view
Or merely making a claim, which is not sustainable in law, by itself, will not amount to furnishing of inaccurate particulars regarding the income of the assessee.& no penalty can be levied on the same.
If possible share your view & case laws of such situation.

Dear Friends,

My Mother in Law has gifted me her 75 shares in a private ltd company.

1. should there be a consideration since the value of shares is 0 by virtue of it being a gift
2. I have the signed share transfer deed , do I also need to take a gift deed , what is the format and do I have to take it on any stamp paper

Kindly Advise

Dear Sir/Madam

Please guide me for TDS on purchase of property from NRI, whether I am liable to deduct TDS on such purchase of property from NRI & I does not have TAN no for deduction of TDS & if liable to deduct TDS than under which section within how much time I have to deduct & which returns to be filed for it. Kindly guide me full procedure in detail.

Dear Experts,

I am a passenger bus service provider. I am providing bus services to a company. while providing services I took 2 buses from some other person. The company has paid me money after deducting TDS. Do I also have to deduct TDS while paying the money of the vendors from whom I took the buses?

Thanx in advance for your reply..

If GTA Registered under GST ACT.And Transport service provided to PVT LIMITED Company(Logistic company).
In this case who is responsible to pay GST.

AND What are obligation from GTA POint of view
And What are obligation from PVT LIMITED Cpmpany point of view.

plz quote any sections and notifications issued under GST ACT.

Dear Member(s)
a clients dealing in agriculture
He has purchases potato and sold it , please suggest me this income is covered under which head .
this is agriculture income or business income.
and he has earned income from agriculture land, this income is covered under which head.


Thank

sir,
We have raised Tax invoice for goods sold. we have added Transport in Tax invoice & gst @ 18% is charged on transport. Now buyer asking GST code for transport. What code we have to put on transport in Tax invoice . And if we pur SAC code for transport then what rate we have to charges GST on transport. Pl clarify

We are the statutory auditor of a company X Pvt Ltd and the same company has acquired loan for the purpose of acquisition of shares of the other company say Y Pvt Ltd. These both companies are private company.The X Pvt Ltd has acquired 51% shares in following company. Now my question is whether the X Pvt Ltd will get benefit of deduction of interest paid on such loan u/s 36(1)(iii) of Income Tax act 1961. Please give your comment.

Thank you.

RESPECTED SIR

MY NAME IS PURUSHOTTAM KAUSHIK AND I BELONG TO MEERUT UTTARPRADESH. SIR I AM WORKING AS AN ACCOUNTANT AT MEDICINE WHOLE SALE DISTRIBUTOR, SIR I HAVE GST PRACTITIONER ENROLLMENT NUMBER ALSO AND SUBMIT OUR FIRM GSTR-1 AND 3B. SIR I BELONG TO LOWER MIDDLE CLASS FAMILY AND MY WHOLE FAMILY DEPENDING ON MY SALARY AND MY SALARY IS NOT ENOUGH FOR MY FAMILY.

SIR I WANT TO INCREASE MY INCOME AND WANT TO WORK INDEPENDENTLY AS A GST PRACTITIONER BUT DUE TO FINANCIAL PROBLEM I AM NOT STARTING OUR WORK THAN HOW I INCREASE MY INCOME.