Assessee is a Trust, running school whose gross receipt falls under Rs. 5cr.

For the a.y. 23-24 the assessee trust filed it's ITR u/s 139(4C) belatedly on 30.10.23 and claimed exemption u/s 10(23c)(iiiad).

In Schedule IE-4, following details were filled :
Annual gross receipt - 50L
Amount applied for objective - 48L
Balance accumulated - 2L

In Part B2 of Part B - TI : exemption amount claimed u/s 10(23C)(iiiad) - 2L

Now, the assessee has received adjustment notice u/s 143(1)(a)(ii), which says :
"Income due to disallowance of exemption under clauses of Section 10 entered at Sl No. 3 of Schedule OS is less than the difference between the "Gross receipts " in Sl. No. 3 of Schedule IE-4 & exemption claimed in Part B2 of Part B - TI.
Hence the amount mentioned at Sl. No. 1(e) " Income due to disallowance of exemption under clauses of Section 10" in Schedule OS is recomputed accordingly.

Kindly suggest if the return filed by assessee is correct?
Also what shall be done further in this case?

Sir,
please suggest a person invested Rs. 3 Lacs in Mutual fund and stocks also. can he face notice from IT department. someone told if any body invest more then Rs. 2 Lacs fifty thousand in one Financial year he she face notice from IT department Mutual fund company report to IT department through SFT please suggest it's any myth or reality.

I am regular Filed ITR from FY 2020-21 2021-22 2022-23

The supplier's failure to submit the GSTR-1 for November but filed after due date , has led to my inability to file GSTR-3B, thus hindering my November ITC acquisition. If I submit the November GSTR-3B by January 15th, am I eligible to claim the ITC reflected in December's GSTR-2B?

Sir,
please suggest a person invested Rs. 3 Lacs in Mutual fund and stocks also in FY 2022-23 . can he face notice from IT department. someone told if any body invest more then Rs. 2 Lacs fifty thousand In one Financial Year he she face notice from IT department please suggest it's any myth or reality

I am Regular Filed ITR from FY 2020-21, 2021-22 2022-23

In Joint Development Agreement While calculating capital gain is stamp duty value or market value i.e. Agreement value of similar office/shop sold by the Developer to be taken into consideration while computing Landowner capital gain tax.

If the above answer is stamp duty value than should the Stamp Duty Value be calculated on general unit or our specific unit and while calculating Stamp Duty Value of the landowners unit will they get the deduction from the stamp authorities for the value of land.

Please clarify the below query with regard to Table 6B of GST ITC:

Total ITC as per books is X amount, but claimed during the financial year in GSTR-3B is lesser than X amount but subsequently claimed in the next financial year within the specified period. Now, the query is what ITC amount to mention in Table 6B:

1. If X amount is mentioned, the difference appearing in Table 8D is incorrect

2. If ITC claimed in the GSTR-3B during the financial year is mentioned, then it will not match with Financials & there will be difference in ITC reconciliation in GSTR-9C

Thanks

sir,
our sir purchase car around 20 lakhs. Input cgst and sgst reflected in gst2B. Can we claim this input. If not how to show in 3B This amount
Please advise
Binu

Can I file multiple form 10E in the same year, If arrear of multiple financial years received in current year.

SIR

MY CLIENT IS A GST HOLDER , AND HE IS RUNNING A STONE CRUSHER IN STONE CRUSHER GST ATTRACT 5% OF JELLY AND M SAND. BUT HE HAS OWN 3 LORRY FOR SUPPLYING JELLY AND M SAND. SOME TIMES HE GIVES LORRY HIRE FOR RESIDENTIAL HOUSE CONSTRUCTION PURPOSE CAN ATTRACT GST OF LORRY HIRE CHARGES FOR RESIDENTIAL PURPOSE OR NOT

THANKING YOU

sir maine gst3 b ka cancellation date tak late fee dal kar rerurn update krke revication kiya but department ne quaries raise kiya hai ki pls specify late fee not paid for late filling gstr1.pls pay the same .mai iska kya reply du pls. help me sir