The Individual person drawing Gross Salary of Rs.795000/- Including HRA & Transport Allowance. He is residing in his own house.
Can he eligible to claim deduction in ITR of House Rent allowance u/s.10 (13A) & Transport Allowance u/s.10(14)(ii)

Can a Company redeem its Optionally Convertible Preference Shares (OCPS) at Discount, if so what procedures need to be followed and what are its requirements and limitations.

Please advice me
i have reverse some amount in gstr-3b in others due to excess claimed of input in same year
where to show this amount in gstr-9.should i reduce amount in gstr-9 in input claimed in gstr-3b
with thanks

What is the HSN Code and GST Rate of Paddy?

Brand : Unregistered
Weight : 100 Kg bags
Nature : Purchase from agriculturist and Sales to Rice Mills

Hi

I am running my own individual firm as a proprietor and taken tan no first time in my personal name in fy 2021 and now i wanna to put salary to myself because of running my firm without any employee and now i wanna to show my salary of myself as an expenses in my firm balance sheet.Kindly guide can i do like this ? what will be the provision of tds for salary I crossed exemption limit of income tax slab rate and what is procedure to file tds return for first time after taking registration in tds and tan ? Do i need to file nil return for fy 2021-22 as first time registration with nil tds liability in fy 2021-22?

One of My clients has a balance in Mutual Fund-OTHERS M.V. around 50 Lakh, as on 31st March 2022-short term, purchase month March 2022 & sale month May 2022, Where i should declare this Investment in BS ended 31st March 2022? in Investment or other Asset of the Asset side of BS?

Client missed mentioning GST number on the 6 invoice raised in the month of May 22 as such the sales get reported under B2C. This came to light when the customer complianed that he did not get ITC for those 6 invoices. How do I reverse this so that the customer of my client gets ITC. Return for may june have been filed on time

Respected Sir,

Can we claim interest on housing loan on account of income from house and property even after the due date as the 31st July has gone? Whether still there is a chance to avail the benefit of the negative income?

PLEASE GUIDE ME AND OBLIGE.

Sir,
My client being an NRI has closed his PPF a/c and has transferred that amount to his NRO a/c . Now he intend to repatriate this amount which is more than Rs 15 Lacs from his NRO a/c to his own bank a/c in USA. Following query arise.
1. Is any TDS/TCS is applicable on repatriation under 1 million dollar scheme.
2. Will he be required to Fill Part D of Form 15CA.
3. Can he repatriate this amount without Form 15CA being under a listed item of Rule 37BB specified item code S -1301-Remittance by non-residents towards family maintenance and savings.
4. Is this amount is covered under Rule 37BB-(3) Notwithstanding anything contained in sub-rule (2), no information is required to be furnished for any sum which is not chargeable under the provisions of the Act, if,—
(i) the remittance is made by an individual and it does not require prior approval of Reserve Bank of India as per the provisions of section 5 of the Foreign Exchange Management Act, 1999 (42 of 1999) read with Schedule III to the Foreign Exchange (Current Account Transaction) Rules, 2000;

Please Guide on above pointwise .

Need advise for raising Credit Note as mention below is right & for HSN
We supply goods to parties after charging GST & that party pay against that invoice & if they pay within 30days we offer 10% discount so do we have to raise credit note to adjust the difference between GST sales Invoice & payment received & what is the HSN for Discount
Taxable Value: 100
GST : 18
Invoice Value: 118
Payment Received after deducting 10% discount on 118 i.e. 118 Less 12 = 106
so do we need to raise Credit Note as below
Taxable Value: 11
GST : 1
Credit Note Val: 12

Please advise