I have LTCG for Current Year (Sale of Property) and also have BFL & CY Losses (Sale of Debt Funds) i.e Short Term Loss & Long Term Loss which are adjusted from above CY LTCG.

Also i have LTCG for previous year.
After adjusting CY STCG (Loss) & LTCG (Loss) there is balance in CY LTCG which will be charged @ 20%.

I just want to confirm whether Previous yrs LTCG is to be deducted from CY LTCG or from total head wise income.?

Say my CY LTCG after adjusting STCL & LTCL is Rs 5000/- & Other Income is Rs 10,000/- and my Previous yrs LTCL is Rs 2000/-. From where Rs 2000/- can be adjusted. Either from 5000 or from 10,000/-

1. Is credit note is deducted by purchases in gst or added to gst?

Sir

Mr A is running health club(Herbalife).He make members and charge monthly fee for shake/food suppliment.

Two Modes are provided to serve the member:

1.Member may visit to club and consume shake/diet at club itself.

2.Member may provide home address where ingredients are delivered for shake/food suppliment.

Club is charging GST @18% from members and claiming ITC on inputs on both of above.

A-Do the club following correct rates and ITC as per GST ?

B-Can club be treated as restaurant and should charge 5% GST without ITC ?

Thanks In Advance

we are required Interest Rates Perquisite Calculation sheet so please share sir,

We have newly set up our subsidiary in form of LLP in Gift City, Gandhinagar.

In Gift City, we have operated both USD and SNRR Bank accounts.

In this regard, for accounting purpose as we need to create both USD & INR Company’s separate in Tally ERP?

Thanks & regards,

Sir/mam,

Recently New pancard applied and received.

Now my doubt New pan No. link to adharcard in Incometaxsite is mandatory.

It is applicable penalty Rs. 1000/- ?

Please clarify my doubts.

Thanking you,

I have bought an old car for 700000. How to do journal entry in audit firm?Have to pay from current account, have paid 2 lakh please advise experts

What is the hsn code for Sale of residential flats, 5% category and occupancy certificate received flat sale hsn code

Sir,
A registered composite scheme dealer sales of goods turnover rs:25 lacs as per books quarter for October to December -22
But sales turnover rs:20 lacs show in CMP -08 return quarter of October to December -22.
Question:
Dealer difference turnover rs:5 lacs through on drc-03 challan pay or next quarter or annual return Gstr-4 show correct procedure.
2.dealer drc-03 challan pay tax and turnover show column no. in annual return Gstr-4 22-23.

I have a CA Proprietorship firm in the name of my name now i want to admit a CA as a working partner in my firm. Can appointment be made from back date if I want to admit him/her from 01/01/2023. What should be the appointment letter format to be upload.