A trust has not been registered u/s 12AA with IT department. Hence the Tax Returns has been filed under ITR-5 that of AOP. It has not been registered for the second subsequent year. Can the Trust indefinitely get filed under AOP for the purpose of Income Tax Returns? Is there a time limit by which the Trust should get itself registered?

Hi Everyone,

Question for the day.

Basically, our company is a railway infrastructure co., where we undertake railway contracts, before we receive the contract we need to pay 10% of contract value as a deposit, out of that 2% will be paid by us & balance 8% will be deducted by railways at the time of generating invoice, now my question is that 8% is to be considered as sales or it should be treated as deposit only?

On 27-3-19, Notice u/s 148 was received for AY 2012-13 on mail.
On the e-proceedings tab, there was only option to upload the ITR either original/revised or in response to Notice.

On inquiring reasons recorded for issuing notice from the AO, he said first file the itr online.

Is this correct to refuse to give reasons before filing itr u/s 148.

Can someone please provide a format of Affidavit to be made by a Chartered Accountant to ROC to submit documents on behalf of Client?

Can P.Tax for the month of March be shown as Liability in Balance Sheet?

We have Filed GSTR-1 for the Month of April-18 with B2C Sales &There is no B2b Sales.
In the Feb-19 GSTR-1 we have made a B2C amendment for April-18 due to differences in the sales figure compared to books, while amending details we have made a clerical mistake while amending B2c taxable value figures instead of Lakh it wrongly entered in crores. Now we have already submitted the Feb-19 GSTR-1, now how to rectify the exact taxable value in B2c for the month of April-18

Hello ,

I have received notice u/s 143(1a) for AY 2018-19 for Assessee who is a Trust. The Notice says that Assessee is not registered u/s 10(23C)(vi) or 10(23C)(v) or 10(23C)(vi) or 10(23C)(via)" but is claiming exemption under section 10(23C)(vi) or 10(23C)(v) or 10(23C)(vi) or 10(23C)(via)"i.e. Sl. No. 4i to 4viii (as applicable) in Schedule Part B-TI

Whereas Assessee Trust is registered u/s 12AA and the expenses are incurred for meeting objects of the Trust.

What should be the next course of Action ? Please Help ?

Dear Sir/madam,
we have excess of GST ITC in our firm and we have discontinued the business(other units are running), should we apply for gst refund before applying for cancellation of gst or will balance in electronic cash or credit ledger will automatically transsferred to our account on applying for cancellation of registration

EXPERTS,
WHAT IS THE PROCEDURE FOR CLOSING ANY AOP/BOI IN WHICH THE SHARES OF MEMBERS ARE NOT KNOWN .

Application for registration under GST was submitted by my client.But he recieved mail stating constitution of business is not as per PAN. So the registration was made pending . What will be the reason for this?How to rrectify this?Please help me to resolve this?