Displaying all posts within 1 days
Posted On : 30 December 2024
Eligibility with regards to DTVSV – 24 Scheme of Income Tax
Assessing officer has finalized the assessment for the A.Y.2016-17 and imposed a demand of Rs.17,63,712/- (including interest).Mr.A has filed the appeal against the order and paid the Tax amount of Rs. 6,34,480/- as on dated 10th april 2024. Whether Mr.A is eligible for the DTVSV – 24 Scheme of Income Tax to waive interest ?
Posted On : 30 December 2024
In Reply To :
Negative points in ( Feature Reward Points) in Credit card
Negative points can occur when a cardholder's account is debited with points, resulting in a reduction of their overall reward points balance. This can happen due to various reasons, such as: If a cardholder returns a purchase or receives a refund, the reward points earned on that transaction may be deducted from their account.
Posted On : 30 December 2024
In Reply To :
REVISED RETURN OLD SCHEME
Yes
Posted On : 30 December 2024
Ineligible ITC reverse - Reg.
Dear Sir, I have reversed ineligible ITC (which is not claimed/utilized) for the Fy.2023-24. GST dept. asked us to reverse the ineligible ITC and the same is reversed in the month of November'24 GSTR-3B. Do we have to pay Interest on this.
Posted On : 30 December 2024
Negative points in ( Feature Reward Points) in Credit card
what is its meaning .is refund made by a company from which i have buy some article.
Posted On : 30 December 2024
REVISED RETURN OLD SCHEME
IF WE HAVE FILED RETURN IN OLD SCHEME THEN CAN WE REVISE IT NOW?
Posted On : 30 December 2024
In Reply To :
Method of calculation IGST On imported goods
It is levied on the value of imported goods + any customs duty chargeable on the goods. Hence, IGST must be calculated after adding the applicable customs duty to the value of imported goods.
Posted On : 30 December 2024
Method of calculation IGST On imported goods
how to calculate IGST on Imported Goods.Whether Aeessable value includes (CIF) =
Basic Customs Duty =
total vaue
Is IGST to be calculated on Total value.
Posted On : 30 December 2024
In Reply To :
Regarding TDS on sale of property
The deducted TDS must be deposited using Form 26QB within 30 days from the end of November. Therefore, the deadline for filing would be December 30, 2024.If the TDS is not deposited by this deadline, penalties may apply, including interest on the unpaid amount and a flat fee of ₹200 per day for late filing, up to the total TDS amount.
Posted On : 30 December 2024
In Reply To :
Transfer of ITC from one state to another state
No. The GST law explicitly restricts the transfer of ITC between different states. Each state’s GSTIN operates as a distinct entity, and ITC can only be utilized within the same state. Therefore, any accumulated ITC in your Gujarat GSTIN cannot be transferred to your Maharashtra GSTIN
Posted On : 30 December 2024
In Reply To :
Revise ITR after 31.12.2024
As such no, unless the date gets extended (likely to get extended by 15 days).
Posted On : 30 December 2024
In Reply To :
LTCG on House Property 2024
You can claim exemption u/s. 54 IT act provided you get possession of any flat on or before Dec. 2026 with registration.
Posted On : 30 December 2024
In Reply To :
LTCG on House Property 2024
Respected Sir, Can you kindly elaborate on your response to have clarity and depth on the matter ? Let me know if I need to provide any other facts to get the best guidance.Regards
Posted On : 30 December 2024
Revise ITR after 31.12.2024
I have filed ITR for AY 2024-25 of one of my client but could not e verify it. E verification will be done only after 31.12.24. Whether I will be able to file revise ITR of it after 31.12.2024 ?
Posted On : 30 December 2024
Which software to use for IT and GST practice
Hi Eminent professionals,I am in a fix for which practicing software should I use for Income tax & GST filings?
I practice in Real estate and litigations. Clients range from MSMEs to some big corporations. mainly using Tally as BOA.
Currently I am contemplating whether to use:
-Computax
-Genius
-TaxCoudIndia
-ClearTax
-Have used Computax, but thinking of switching as recently have learned a lot of issues, but may continue if responses in this thread are in favour.
-Genius is good, however I dont really like the dashboard setup. I just think that they can massively improve the UI/UX
-Tax cloud India...someone suggested, I dont have a clue.
-Clear Tax- I found limited reviews but very good reviews, very costly, however, would definitely consider despite cost.
Would love if you guys could suggest any good software and also include your experience and suggestions re the above softwares.
I am also open to another software not in the list, as long as it has no migration issues and gets the job done effectively.
Thanks a Lot!! _/\_
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