Hie,

I want to reply a income tax notice for non filing of ITR.

One Transaction was that I sold a rural agricultural land.Since it is not a capital asset it is not taxable as capital gain.
But the Market value is Rs.2 crore and agreement value is Rs.90 lakhs.

Is there any issue in above since difference between Market value and Agreement value is high.

Hi,

I Have taken long term from one of my friend with a certain rate of interest per year and I am planing to make the payment after 3 years. how could i make the journal entry for outstanding interest for Current year and how it balance in balance sheet.

Outstanding interest i can take liabilities side in Balance sheet but how it match to my assets.

Dear Experts,
Please clear on Notification no 01/2019 of CGST as per notification Registered person has to be follow the Notification No 08/2017 CGST to Pay RCM on Unregistered purchase.
Kindly clear on the same.

registration application cancel vide order in reg 05 as per rule 9(4) on the ground that the query remained unresolved (no submission in response to scn in form reg 3)

now what remedy available
1. file appeal or
2. again go for registration as a fresh

EXPERTS,
ANY TYPE SERVICE WHETHER LEGAL OR PROFESSIONAL RECEIVED FROM ADVOCATE WILL FALL UNDER RCM UNDER GST ?

can I consider the rebate under section 87a before arriving at the total income for the purpose of form 15h for the financial year 2019-20. If I consider the rebate my tax liability is nil. If I don't the liability is Rs.2500. In other words am I eligible to submit form 15 h ? I am a senior citizen aged 70 years. Thanks

Dear Sir,
We purchase raw stone from x with Y form no other invoice submited by X.what is the provision against Y form in gst. will we take revurse charge against purchase or not.

I have filed appeal form 35 in respect of individual and I have paid appeal filing fees in challan 280 in minor head 400 as other payments. I am not sure about which minor head should be selected minor head 300 or 400?????

Dear Expert,
I have 2 queries, regarding if Employer given Gift i.e. one month Salary Chq (Rs.45000/-) to his one employee on his Marriage i need following clarification:
1) This amt received by Employee will be treat as income and need to be add in his computation of income or this will be exempt under any section ?
2) This amt given by Employer will be book under P& L Expense a/c and is there any things need to be do by company?
Please suggest
Thanks

Dear Sirs

I am running an Ayurvedic dealership of a prominent Ayurvedic company. I will get a commission of 22% on MRP. At the time of billing, my parent company will bill us for a price 22% from the MRP. For example, for a product with MRP of Rs.105/-, they will show the bill like, this, . Product cost-Rs.100,Less: Discount Rs.23.10 CGST2.5% Rs.1.95 and SGST@2.5%-Rs. 1.95. My doubt is, do I need to pay GST on Rs.23.10 which I am getting as discount. The parent company is showing the discount amount on all purchase bills. Kindly reply and help.