HOW CAN I GET FMV AS ON 2001 TO CALCULATE CAPITAL GAIN TAX. OR PROPERTY READY RECKNOR RATE FOR A PARTICULAR PROPERTY.

Financial statements were finalised and uploaded with Tax Audit Report. There has been an error in the value of closing stock. What recourse is available for correction of the same. Can one revise the profit and loss account and balance sheet and tax audit report ? Please guide. Thanks

One of my client is registered under gst and main business is food supply, for this he is under 5% slab, collecting gst from customers and remitting.

Is he eligible to claim ITC on carry bags, which he uses it for packing the food.

Note: The supplier charges 18% GST on carry bags.


Please clarify with link.

I HAVE ONE QUREY IN TDS RETURN PLEASE HELP TO SOLVE IT I MADE A PAYMENT TO PARTY AFTER DEDUCTING 1% TDS FROM HIS BILL AMOUNT AND PAID TO I TAX BUT LATER I COME TO KNOW THAT INSTEAD OF 2% I DEDUCT 1% TDS THEN I PAY BALANCE 1% TDS WITH SEPARATE CHALLANS NOW HOW I MENTION CHALLAN SERIAL NO IN TDS RETURN IN LINE OF PARTY PAYMENT DEDUCTEE SHEET THERE IS 2 SR NOS IN CHALLAN SHEET IE 2 & 4 PLEASE LET ME KNOW

Hi,

I need help in filing reply to service tax show cause cum demand notice received for FY 2015-16. I hve all the documents ready from FY2015-16 to June 2017. Need to find a reply in proper format.

Looking for expert in south Mumbai.

A section 8 company was formed in FY 2019-20. Donations received ( Under CSR) from other entity Rs. 15 lakhs. Company Spent as per object clause Rs. 7 lakhs during FY 2019.20. Company had agreed (in FY 2019-20) to other charitable trust to give donation of Rs. 4 lakhs which was paid in FY 2020.21. The company is not registered u/s 12AA hence exemption u/s 11 is not available. ITR6 need to be filed.
Query 1. - Can the company make provision for the said agreed donation of Rs. 4 lakhs.
Query 2. - Whether the income to be shown as Income from Business or Profession?
Query 3. - Can the company opt for 115BAA i.e. 22% tax?

Which of following be the correct procedure
A) I show credit note and debit note in gstr1 and then in next return of March, it will automatically show reduced/increased sales and corresponding tax and ITC. I don't do anything in GSTR3B
Or
B) I give credit note and debit note effect in sales amount and tax amount and ITC amount in gstr3b- but which column I don't know - please guide
And show in GSTR1.
OR any other procedure which is correct
Request for your guidance.
Regards,

The Turnover is Rs 1.40 Crores and 95% of the transactions are done through bank. The profit percentage declared is 4.22%. ( They have not opted for 44AD section ) Whether 3cb-3cd Tax audit is applicable for fy 2019-20

as per Section 9(3) of the CGST Act, Purchases of Raw Cotton Subject to RCM.
my Doubt is Can a registered person Apply for Refund, the reason for asking this doubt is the RP paying every purchases made Raw Cotton as well other purchases which resulting into paying more GST and Out put GST tax liability was Less Compared to the ITC Available ( resulting from RCM paid and ITC Availed) this Resulting in to Blocking of working Capital in ITC Ledger ,

Is it Possible for Apply For Refund of ITC ??

One of client as recieved notice for payment of service tax, but he was not registered under service tax.

So how can now I registered him for service tax and make payment of service tax.


Thanking in advance