Dear Experts,

Are there excel forms available in new Income tax website which were available in old website. There were used to fill data offline and upload XML files.

Please advice

Regards,

Dear Expert,
Whether TCS Credit will be denied if I charge TCS on sale bill to buyer, if declaration is given by buyer. Please explain Section 194Q.

Respected Sir,

We have a valid LUT Number. Ours is 100% export unit and we are filing GSTR-1 without payment of tax. We are not paying any IGST on export sales and whatever GST (ITC) we have paid on packing material and other services related with export is refundable within two years from the date of export. There are certain annexures to be filed for GST Refund. Can anyone send me the format of the annexures on my mobile number 982 1630 130 or on my email id trconsulttax@gmail.com.

Tks with kindest regards

Paid Rs. 1 Lakh advance against Supply & Installation Works, as per PI Rs. 100000 to be paid for supply and 15000 for Installation

Is TDS to be deducted on the same, this could be the first and last transaction with vendor and threshold not crossed

Sir / Mam

We are GTA . We are paying for bio- diesel on behalf of sub-contractors and adjusting it against their payments and not for own use.

How ever, the supplier of bio-diesel issues invoices in our name.
In our software, the daily consumption can only be accounted from supplier to sub-contractor.
We can see only the outstanding liability to supplier and the payments to be adjusted from sub-contractors.

As we are not eligible for availing gst inputs, We are not accounting the stock and not showing the expenses in books but We are accounting the supplier as creditor.

Kindly advise us whether this system of accounts is correct or not.

Thanks in adv

Is Good will of a company is considered in calculating the net worth of a company?

How a Good will is calculated?

If a company's net worth is 1 crore, how banks give loan worth of 10 crore?

Hi Sir,

This is Indrakumar KS , I have a client they are doing exporers of garments.
My question is they have taken LUT, They have purchased raw material, Services, With GST. once they used for manufacture they used to send this material Through Nominated Courier to Foreign,

Now unutilized ITC is there we need to go for a refund . But GST Officer telling he need Shipping Bill No, Date, mandatory. for courier / Air shipments where we will get this detail.
We have only AWB details we dont have Shipping Bill No / Date.

How to get required data to officer please do help sir.

Paid Rs. 1 Lakh advance against Supply & Installation Works, as per PI Rs. 100000 to be paid for supply and 15000 for Installation

Is TDS to be deducted on the same, this could be the first and last transaction with vendor

I am trying to file my income tax. I am on this exercise, now for almost about three weeks. I find that the prefilled data with respect to the prefilled TDS in JSON is not at all updating with the my latest 26AS, even with about 3 weeks time lapse in between. Not only that - the company names are not there at all in the prefilled TDS data. Are these not necessary in the new system?

Frustratingly, I am unable to edit any of the existing data. The only option is to painfully enter each and every line item, afresh. In the old system one can enter details/data with minimum effort as the whole page is available in front of you. With the new system this is not so; one has to go by the irritating promptings at each and every step, consuming awfully more time and effort.

Any help / advise will be highly appreciated, from the body of very respected chartered accountants, as I am really frustrated with this new system. I strongly pray to God that the Imcome Tax Department switch back to the old system, as appelaed by CAAS.

A Senior Citizen (age 74) & Retd. Engineer

Respected Sir,
I have to apply for GST Refund for the financial year 2019-20. Application shall be filed yearly or shall be filed quarterly. Please let me know the method of filing. The whole financial year is totally NIL filing because there is NIL sale during the whole financial year 2019-20.