Sir / Mam
The following message has been received from IT department.
Purpose of this message is only for paying advance tax or any other purpose?
Generally, this message has come to all assessees.
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Attention ABC TRADING COMPANY (Partnership firm) (PAN XXXXX4760X )
Income Tax Department has received information about certain significant financial transactions relating to FY 2021-22 (AY 2022-23). Please view transactions under e-Campaign tab on Compliance Portal and remember to pay appropriate Advance Tax. You can access Compliance Portal by login to the e-filing Portal (https://www.incometax.gov.in), and clicking Annual Information Statement (AIS) available under Services tab. On Compliance Portal, click e-Campaign tab. Campaign Type - Significant Transactions. - ITD

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Kindly advise plz
thanks in adv

Sir, one of my client is running shop of Glass which use in fitting in window. he has a worker to install the glasses. He purchase glass and fit it with window. he takes charges for this work done. my question is how he will make bill in this case. he is register with Gst department. GST number he has. In point of view he will raise bill of labour charges for fitting the glass . but he has given glass also . that has been consumed in fitting the window. you are requested to kindly clarify he has to make another bill for sale of glass. kindly give answer in detail .

Sir,
Please guide me i want to find out my electronic credit ledger balance for the month of 1st April 2021.
how to find the figure .

Dear Experts,
I have a monthly SIP for 2 Years. That is just expired. I want to understand how to calculate Capital Gain on the same as out of 24 Instalments, 13 have period more than 1 year and rest have period less that or equal to 1 year.
Should I have to calculate NAV difference of each buy NAV with last NAV (Redeem NAV) and multiply with monthly alloted NAV and then distibute the same into long term or short tem.
Please guide and is there any short way to calculate the same ?

Sir,
What is The difference and eligible person
Udyog aadhar vs udyam vs msme registration.

Sir,

One of my friend is running a Restaurant. It is a Proprietary concern with GST registration under Regular scheme with 5% GST and without ITC claim.

He is supplying food through Swiggy, Zomato, etc. Will this amount to E-Commerce / Online Sales ? If so, what are the procedures to be adopted ? Is he entitled for online sales under " 5% GST without ITC " scheme.

At present, he is filing monthly GSTR1 and GSTR 3B returns.

Pls. advice.

Has anyone filed revised tax audit recently. We are getting error as invalid json even after using latest utility and filing fresh form. Please suggest.

Hello ,
Clarification on HRA exemption .

As per act the exemption of HRA is
1) HRA received.
2) HRA Paid less 1/10 of basic .

Suppose HRA paid is for 5 months only ( due to work from home) then 1/10 of basic be calculated on 5 months salary only or entire 12 months ?
HRA Received --- 23000 x12=276000
HRA Paid --- 20000 x5=100000
Basic 150000x12=1800000

If 1/10 is calculated on entire 12 months salary the exemption comes negative ... So will not allowed.
Please clarify ..

Hi sir,
This is my query regarding itr filing of commission income from Jan Seva Kendra. There is Income from sources PAN card apply, passport applies, money transfer to client account and cash received , money withdrawal by biometrics from the account, dish tv recharge, mobile recharges, etc.

Please help me regarding itr form number and income tax code

Thanks & Regards,
Mohd Nasruddin

Dear Experts,

We are winding up a partnership firm doing jewellery business. The firm is not having money to pay to its partners.
Jewellery stock value : 1.11 Cr. (Business Stock)
Partners capital payable: 1.26 Cr.

The partners are ready to accept payment in goods form (Jewellery Stock).

In such case, it is not sale. It is drawing of capital by Partners in form of goods.

Is GST payable on such closing stock, being given to partners for returning their capital?

Does GST department raise any objection for doing so? (Business stock drawn by partners as drawings)

Please advise.

Best Regards,

Vijay Kumar