Ramaswamy Thiyagarajan

My wife is a Retired School Teacher. She holds partnership in a recently started firm doing Software and IT related Service Business. Her pension for the FY 2018-19 is Rs.3.40L. Her profit share in partnership firm is 0.40.She is not liable tax. Just to get a refund of Rs.700/- deducted for Bank Deposits she needs to file Return. I provided all details including the name of the firm, PAN and Profit Share in Return. But while going for verification the system asks to provide at lease one business code in schedule nature or in Point 61,62 or 63 in Schedule P&L A/c. She is not running any Proprietorship Business to declare P&L. Have I to enter code of the business in which she is a partner. For a small refund we could not go to a tax consultant. Please guide.- With thanks, Ramaswamy.T


AviGan
26 August 2019 at 18:03

Appointment of director

Sir/Madam,

What is procedure to appoint a Director in a Company Limited by Guarantee not having Share Capital u/s 8 Of Companies Act 2013. Company already has 3 Directors since its incorporation.

Thanks in advance for your Guidance.


Syed
26 August 2019 at 16:13

Which itr to file 4 or 3?

One of assessee filed ITR 4 from the AY 2013-14 to AY 2017-18. For the AY 2018-19 he filed ITR3. Now can he file ITR4 for the AY2019-20? Please guide.


Sheik Mohamed
26 August 2019 at 15:36

Whether credit note can be raised?

Mr.A supplies job working service to Mr.B. The Taxable Value is Rs 1,00,000 and GST - 9000+9000
So, Invoice Value is Rs. 1,18,000.

Now, Mr.B discounts this Invoice with the Bank and Bank makes a payment to Mr.A after deducting discounting charges of Rs.500.
Net Amount Received by Mr.A on account of Mr.B is Rs. 1,17,500.

Can Mr.A raise a Credit Note for a value of Rs.500?
What is the amount of Tax to be paid by Mr.A on GST portal : Rs.18000 or [Rs.18000 - (500*18%/1.18%)] = Rs.17,924


Anshuman Basu
26 August 2019 at 15:31

Itc claim wrong

Please helps the following problem in GSTR 9

As per ITC shown in GSTR 2A
IGST = Rs 23947/-
CGST = Rs 163545/-
SGST = Rs 163545/-

We have claim ITC in GSTR3B
IGST = Rs 27619/-
CGST = Rs 168290/-
SGST = Rs 168290/-

Actual ITC shown in our Books of Account (Tally)
IGST = Rs 17176/-
CGST = Rs 174634/-
SGST = Rs 174634/-
Sir we are very much confused which figure we show in which column in GSTR 9
Pl guide us

Anshuman


Ramesh Sharma

Sir,
I applied for GST Practitioner Registration Certificate on 24/07/2019 and I was issued the 'ARN No. AA240719064210E' but the GST Practioner Registration Certificate is yet to be issued by the GSTN. On confirmation from the status of the application, it is said that' It is pending for processing'. Please help and guide.
With Regards,
Ramesh Sharma,
Surat (Gujarat)


SURABHI GUPTA

what is the last date of completing audit of private limited companies and when ITR is to be filled for this ?


Namit
26 August 2019 at 14:06

Gstr 9 reversal of itc

I HAD REVERSED ITC AVAILED DURING 2017-18 ,DURING F.Y.2018-19 AND PAID IT ALONGWITH TAX AND INTEREST DUE THEREON. HOWEVER WHILE FILING GSTR 9 SHOULD IT BE ENTERED IN TABLE 7 AS WELL AS TABLE 12? WHETHER TO SHOW DIFFERENTIAL TAX AND INTEREST IN TABLE 14 BECAUSE TABLE 14 TALKS ABOUT ONLY "Differential tax paid on account of declaration in table no. 10 & 11" AND NOT ABOUT TABLE 12 OR 13? PLEASE GUIDE ME


G.Sridhar
26 August 2019 at 13:53

Mutual funds on capital gain

I Purchase Mutual Funds - Debt Funds on 25.03.2014 of Rs. 5,00,000/-, and surendered on 28.03.2019. total received amount of Rs. 680556/- how much capital gain will pay, please advise

thank you


DHANANJAY S KULKARNI

In case NRI purchase land in India below Stamp Duty valuation while calculating income tax u/s 56(2)(x) whether Stamp duty & Registration Charges & commission paid are added to purchasing price (cost of acquisition )

Whether actual purchase price plus above mentioned expenses are deducted from Stamp Duty Valuation and resultant to be considered as income from other sources or not please explain





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