FOR FY 17-18 I AM PAYING TAX ALONG WITH INTEREST AND PENALTY FOR RCM ON OCEAN FREIGHT.CAN I TAKE INPUT NOW AFTER PAYMENT

This is regarding the export of Wheat and Wheat Flour to Dubai, Singapore and Malaysia in (2013-2015) but unfortunately some of the buyer (importer) has not cleared their bills and their outstanding still remains in our books (exports were done in 2013 and 2014). The total outstanding amount is Rs. 1.9 crores.We had appointed MHA/MNS International Recovery agent for the recovery purpose but unfortunately after trying for several months through all possible means they had closed all our recovery cases and subsequently filed their closure reports. We had taken insurance coverage on three parties ( importers) through ECGC, out of three claims made, one claim in the name of M/s Pecuniary Marketing Sdn Bhd was approved and remaining two M/s Dragon Asian Bhd and M/s Ahmned Alslami Trdaing and Contracting L.L.C. were rejected. We had tried to recover the pending exports amount through all the possible means but were unsuccessful.

We had returned the entire export duty drawback claimed on the pending export bills along with the said interest.
We want to self write off the pending export bills as Bad Debts, as we had not made any exports after the 2016 so we are not in the position of writing export dues against the proceeds. We want to write off 25% exports as bad debts each year and write off it fully in 4 years and submitt the CA ceritificate to the bank stating the same , can we do that.
Also note,we had routed all the export documents directly to the buyer (importer) and hence were not routed through the bank but we had submitted all the export related documents to the Allahabad Bank within 20 days from the exports made.

Sir

one of our client registered under GST (composition dealer), he has some rental income from let out commercial property. whether this rental income attract GST at 1% (total rental income below 5 lacks)

Is TDS Covered under section 43B (a) any tax ,duty .is tds covered in Clause 26 of form 3 CD FOR REPORTING PURPOSE. PLEASE ADVISE

I have rcvd remuneration for Head Examiner for copy correction by CBSE. Will this is to be shown as income in ITR file, or can be exempted under any head? Please suggest...?

If in FORM 16 school fees in not included. can we add it while final return filling? If yes, under which head can we show school fees. Pls suggest.

Sir
In the march 2018, I take the wrong credit, I have to utilisation IGST but Taken CGST AND SGST in GSTR 3B and adjust the liability and remaing amount paid by CASH ledger and settled our output liability Now when we are filling GSTR 9, mismatch INPUT CREDIT, NOW HOW CAN RECTIFY WITHOUT PAYMENT, IF WE PAY THEN MY JOB WILL LOSS.

FY 18-19
GST registered 'individual' dealer
Sale about 30 lakh pa
GP 7-8% NP- Rs 60000/ i.e 2%
Sir my query is whether it is mandatory to File IT return.
Whether Audit is required
No IT return filed for last few years as business was in loss. Pl advice
Thanking you Anil

Dear Tax expert team
For the last a few years activity do stock transaction (BSE/NSE) and I have Long term capital gains from same BSE/NSE transactions.
I purchased house in 2014 (pre - construction ) and registered the house in FY19 on home loan and I paid some amount towards home loan.

Can file 54F to use capital gains for the paid home and avail tax exemption for capital gains.

thanks
Sekhar

Hello Sir, I urgently required ur advice. our company was formed in 2016 & thereafter no annual return compliance was done. As a result of such failure Rs 160000 fine is imposed on company. my que is can we do annual compliance for FY 16-17 & 17-18 now without paying fine. because we are in short of such huge money as on date & to stop Rs 200 per day fine can we do so...??? or fine is required to be paid before filing. Pls Advice