Dear Experts.
Pls clarify my following query:-
1) do we need to submit LUT once in year perior to export or it will be submitted on every export sale.
2) we have export the goods to Nepal under LUT without payment of IGST however the transportation of goods was done by road not ship & air hence we don't have shipping bill & port code thereof. But we want to claim the refund of unutilised credit of GST paid on purchase of raw materials. Pls let me know should I file RFD 01 form online do I need to produce the proof of export if yes In absence of shipping bill & port code what other documents we can produce as export proof.

Pls clarify....

Thanks In Advance
Karen Kumar

Kindly advise
Aggregate short term Equity Hybrid Loss. Rs27113
Long Term Equity Growth Gain Rs 31603
Long term Debt fund Gain Rs24949

Whether ST loss be offset against aggregate Equity LT Gain and Debt fund LT Gain
If so the non taxable LTCG limit of 1 lac applicable
What ITR FORM 1 or 2 to be filed
Thanks

Sir,

In a commission agent who sold the crops to purchaser on the behalf of farmers. Many times commission agent paid advance to farmers for their home need.
In a balance sheet Some farmers,s value show in credit and some farmers , value shows debit
For example Sohan Singh Dr. Rs. 50000
Mohan Singh Dr. Rs. 50000
In which group I have to show in both values Please advise

Dear sir,
my query is
we are filing tds return for 4th quarter 24Q. and we are gotten errors after processing of return and while filing the correction statement we are given original RRR NUMBER AND previous RRR number will be the same.and it is processed.
now we are filing the tds return for 1st quarter 2019-20. and we are given previous correction statement RRR number for 1st quarter.
unfortunately some mistakes we are again going to correction for 4th quarter 2018-19.
while filing the correction statement what is the original RRR number and Previous RRR number.
please reply me as soon as possible


thanks in advance
Regards,
Bheema Reddy.

After superannuation from the services of Krishak Bharati Cooperative Ltd., Noida, I have been getting Rs.1880/- PM pension from Employees Provident Fund Organisation. My submission is:
1) Where we have to show the total amount of pension i.e. Rs.22560/- ( 1880X12) in ITR. In salary column or Income from other sources- Family pension column.

2) If in salary column, then Standard Deduction will be applicable or not.

Sir My company engaged in power supply.we offer nod for infrastructure developments in power sector.some agencies build infrastructure of power under the supervision of our company & we charge supervision charges @ 1.3% for the same.
now,agency has deducted 10% tds on supervision charges.whether it is right to deduct TDS even though its supervision charges & not supervision fees?
please guide.

As per the Section 10(10D) of the Income Tax Act, any amount received from life insurance companies including sum allocated as bonus is exempt subject to certain conditions.

Whether the amount referred to is the amount credited or the amount received less premium paid? Please advise which amount would be shown under the above said section.

Rent paid is INR 40,000.00 p.m. Landlord is an individual and the tenant is a Charitable Trust. Whether GST is applicable on rent in this case? Whether TDS provisions under GST applicable here? Please suggest me the compliance w.r.t. Income Tax Act and GST Act for both the landlord and the tenant.

sir,
I have a land whose stamp duty value is worth Rs. 50,00,000 and i have documents which agrees with builder to construct 6 house on that land and to hand me over 4 house and 2 will be sold by the constructor. Now should i account for capital gains or other sources? Since no cash payment is involved in this transaction i cannot opt under 54F nor there is amount to transfer to Capital Gain Savings Account Scheme.
What is the treatment for this transaction?

While registering myself as a Practicing Professional on MCA, the following message is coming up:

'Income tax pan details do not exist in the system'

What does it mean?