Hi,
One of my client has earned gains from sell of equity shares in short term and reinvested the same to purchase more shares which are yet unsold. But don't want to show the gains earned in ITR. Is there any way from which I can confirm that such income was earned by the assessee since it was not reflected in Format AS nor in bank accounts.

Is Profit of Partnership Firm to be distributed in the current year or in the Next Year?
Is the Profit of Firm is to be added to the capital of Current year? or distributed in the next financial year so that the capital increase.

Dear Sir,

We are having gratuity fund account with LIC of india.
My question is our SAP is showing different balance whereas fund balance is different in LIC of india

As per our system fund balacne is 58410309
whereas as LIC of india fund balance is 43783530

Is it correct or we need to pass necessary entries for who are claimed that means left employees amount

Please give me suggestion

Thanks

AN ASSESSEE HAS BOUGHT A CAR WORTH RS 13 LAKH AND HAS PAID TCS ON THE SAME AT 1 PERCENT. THENAFTER HE GIFTED THIS CAR TO HIS SISTER. WHAT SHALL BE THE TAX TREATMENT OF THIS AND WHERE IS IT TO BE SHOWN IN ASSESSEES ITR?

The below is screen shot of Auto Drafted GSTR 2A from the GST portal. Can anyone tell what does it mean by Counter Party Submit Status as "YES" and :No"

Supplier Details Supplier Name Counter Party Submit Status
18AAIFR8489C1ZP M/S. RELIANCE DIESEL YES
18AAZPT1322P1ZS M/S Ellen Engineering Enterprises NO
18ABMPA9159P1ZV M/S Tayal Enterprise. YES
18ABMPA9160G1ZL M/S. Durga Machinery Stores. YES
18ABSFS8472M1Z0 SATYAM PLASTTO TECH YES

i have salary income Rs.150000/- PA
and I got Rs. 150000/- winning prize from Dream11 - after deduction tds of Rs. 46350/- I have received Rs.103650/-

Total My income is Rs. 300000/- PA. can i claim full tds amount

Respected all, If we want to give the product at free of cost but we are billing the same at 1 RS then whether we have to reverse the credit taken on such product??

if goods are delivered directly to job worker then how to comply with itc 04 and e way bill. As there is no actual goods movement from my premises to jobworker, shud i generate delivery challan.. & if delivery challan is generated, eway bill is also to be generated.... please clarify the scenario & share the reference of section of the act. Thanx in advance

What is the treatment of Capital Goods under GST? Whether ITC of 100% can be availed or it should be write off for 5 years.Kindly suggest the treatment of ITC on Capital goods.

Dear Sir,

We are manufacturing company and we also provide service to our customer, .

We have service tax registration for the same. While filling service tax return we have shown all our details of Service (Provider) but we have not shown any details against service tax paid on RCM. (Receipt) ie GTA & Manpower supply.

Now Service tax officer asking why your have not show the same in service return

Please help us how to handle the same.