Respected sir,
I receive rent on on factory, ( less than 5 lac ). The TDS is also shown & filed. I have no other income. Last accounting year I filed in ITR FORM 2.
In MARCH 2020 I had sold a plot & had LTCG for 39 lac . I had already paid the taxes for the same .
Now I could not fill ITR 1 ( in other sources of income ) as I have to fill LTCG.I could not fill ITR 2 as it takes AMT - UNDER SEC 115J or the income is less than 50 lac. For ITR 3 - I am not running a business etc , & how do I fill it/
Pl guide me sir.

Thanking you very much

Kumar

Dear Experts,
Pls clarify:- pls let me know as per GST Act. Rule, Notification, Circular, what are the acceptable documents for GST registration,

Pls spicify the relevant Section, Rule Notification, circular containing the acceptable documents,

Thanks & Regards
Nikhil sharma

I have query related ITC Claim
suppose in June as per our books ITC is Rs. 120/- but in GSTR2A shows only Rs. 100/-, so we claim entire Rs. 120/- or we have to claim only Rs. 100/- shown in GSTR2A?

Please guide experts

ONE OF MY FRIEND IS IN PROCESS OF PURCHASING UNDER CONSRUTION PROERTY IN MUMBAI. AGREEMENT VALUE OF THE PROPERTY IS RS.5500000/- . AS PER BUILDER HE IS LIABLE TO PAY GST @ 8% i.e. Rs. Rs.440000 AND TDS ON SALE OF PROPERTY @0.75% i.e. RS. 41250 ON AGREEMENT VALUE. NOW MY QUESTION IS IF I AM PAYING AN AMOUNT OF RS. 41250 AS A TDS ON SALE DO I NEED TO PAY GST ON RS. 41250/- ALSO ?
I THINK THAT I HAVE TO PAY 8% GST ON 5500000-41250=5454600
5454600 X 8% = 436368

I REQUEST YOU TO KINDLY ADVICE ME IN THIS MATTER PLEASE.

Assess gst registered regular scheme dealer. Assess some material purchases goods invoices missed in f.y.2017-2018 and f.y .2018-2019 and f Y.2019-2020 itc not claimed. Assess annual turnover below 1 crore.
Question:
Assess missed invoices above mentioned years itc claim eligible in gstr3b return for july-2020.

While filing ITR-2, if the interest of the individual in the property is 50%, then details of rental income, interest and principal paid on housing loan is to be mentioned 100% or only 50% for each individual

In ITR a new column regarding 7th proviso of section 139(1), if a assessee income below 2.50 lac but TDS deducted, then new column regarding 7th proviso will be yes or no and other regarding (i) cash deposit in C/A more than 1 crore (ii) foreign expenditure more than 2 lac (iii) Electricity bill payment more than one lac all three are no.

I have filed GST cancellation application form 16 in June.
I have already filed all returns till June and no GST liability is due. All the tax is paid in March.
No business transaction occurs in April, may and june.
I have received some clarification notice from department on my cancellation application.
Below is the query:
Tax Details: Others (Please specify) - ADMISSIBLE TAX ON PROFIT WILL NOT
DEPOSIT IN CASH SET OFF
Can anyone please tell me what does it mean and what to reply on this.
All the business stock is nil and no tax liability at the time of applying cancellation application.
Reason of cancellation was closure of business.

Hello,
My Clint raise a bill to tenant for rent, but due to Covid -19 the tenant is not able to pay the same and he is demanding for waiver from rent bill. please tell me what are the implication under GST and is there waiver of GST laibility to my client. Thanks in Advance.

If a sub transporter who is owning less than 10 heavy goods vehicle, but is getting his accounts audited u/s 44AA and 44AB runs his trucks under a transporter. Does that transporter need to deduct TDS u/s 194C for the sub transporter even when he is owning less than 10 trucks and has certificate for non deduction of TDS ??