S MADE MISTAKE IN FY 2020-21 & CLAIMED....ITC....NOW PAYABLE 3 LAC + INT -PENALTY-2 LAC....NOW I CAN PAY 5 LAC......HOW MUCH REFUNABLE IN FY 2024-25...... AS ITC CLAIM IN JULY-2020....BILL REFLACTED IN JAN-2021.....SO NO CLAIM OR SET-OFF ??? IN FY 2020-21.... AS I AM PAYING 5 LAC WITH FOR NO-ITC + INT + PENALTIES.....THEN ACTUAL MY ...ITC...WHEN REFUNDED,,,,,,AS SHOWS IN GSTR-2A + GSTR 3B IN ...NEXT FOLLOWING MONTHS.... AS SO CASE IN....RCM ON RENT ...I WILL PAY FOR FY-2020-21...TODAY.....WILL IT REFUNDED IN FY-2024-25...AS I AM PAYING ..NOW FOR FY 2020-21...RCM ON RENT.... LOOK4U@REDIFFMAIL.COM

i am selling an apartment purchased in 2018 im my wife's name. i have furnished the same for 15 lakhs (bill in my name). now when i sell the property can i take the cost of the furnishing separately from the buyer in my name? also can i sell it for a higher consideration?

Hello!

Me and my wife purchased an under construction property on September 7 2024 and are paying installments

So far, the installments have been for
September ( TDS paid )
October ( TDS not paid )
November ( TDS not paid )

On November 17, we registered our property

I'm paying the TDS for October today. In that case, what should I enter in the date of booking/agreement while submitting the Form 26QB?

Prior to registration, I have been using the Booking date of September 7

Secondly, since there are multiple buyers involved, what should be the value in the Total sale consideration value? The property is for 1.6cr, so should it be 1.6cr each or 80L each? I have been getting different responses from different CA's

what Adjustment entry should passed on 31st March while finalisastion books of accounts of individual and HUF,.

Sir,
Registered composition scheme dealer stock difference found rs:4 lacs visiting by gst officer in dealer principal place
Question:
Dealer stock difference value rs:4 lacs tax applicable on composite rate (1 precentage) or normal rate (5 precentage) for gst act

Credit profit and loss account in case of bonus share received by firm or LLP
entry is
purchase of shares .01
To Profit and loss account .01
is correct entry.

How to determine cost of acquisition of shares on merger or de-merger.
Please reply.

WHICH ACCOUNTS ARE CREDITED WHILE DEBITING INVENTORY(finished goods and work in progress)ACCOUNTS.

Furthermore in the credited accounts the expenses towards inventory will get reduced the why is the need to show change in inventory of finished goods and work in progress in P&L

Query resolved and deleted?

Hello everyone,

can a partnership firm registered under partnership act become partner in a LLP ?