fixed assets write off amount debited in P&L account and assessee tax computed under MAT so we have required Book profit for computing MAT tax amount.
So my question is when we calculate book profit then fixed assets write off amount added back in book profit or not for MAT calculation.

Dear Sir/ Ma'am

Our Company has a Transitional Credit on Cenvat of Rs.14,00,000 as on 1st July 2017. While filing the GSTR 3B of July 2017, as it was the very first return, we were in the notion that that Tran credit will automatically get reflected as Input Tax Credit in GSTR 3B. As it was not getting reflected as Input credit, we thought of claiming that as Input credit in GSTR3B. However while entering the ITC in the return, we have wrongly entered it in IGST Column instead of CGST. It was only after submission of return did we realize that Tran Credit is actually coming in Electronic Credit ledger. As we have the Zero Rated Supplies with payment of GST, the website has adjusted IGST Credit against the output IGST Payable of Rs.3,00,000. It means we have taken the Tran Credit twice (Once in the return by directly entering the amount as IGST Input in GSTR 3B of July 2017 and once again as CGST Tran Credit that came directly to Electronic Credit Ledger).
As we have excess IGST Credit balance in July 2017, we have no option but to use the same for payment of Outward IGST even in the months of August, September and October.As the schema does not allow us to set off CGST Credit against Zero Rated Supplies with payment of Tax.Later in the month of November 2017, we got LUT. We have also made a point not to use the Tran Credit sitting in the electronic Credit Ledger under the head CGST. Still that amount of Rs.14,00,000 is reflecting in our Electronic Credit Ledger.

Now we need to know how to apply for the refund of that Rs.14,00,000.Even If we reverse the Credit of Rs.14 lacs in GSTR 9, the department may come and ask us for payment of that amount and we are not sure if they can actually understand the situation.

Please let us know if there is any other alternative so that we can get our refund.

dear sir,

Plaese advice I am a salaried person and have taken a personal loan and house loan also,
and want to show in our ITR A.Y 2019-20
so advice me where can I show my loan amount in form ITR-1
and also advice if any provision regarding this.

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During the financial year 2017-18 Return of Income of Firm was filed according to the provisions of sec 44AD by admitting 8% income on Gross Receipts. Now in the financial year 2018-19 the Firm got Net Loss. 1. can return of income be filed by Tax Audit or without tax audit. 2. Since return of income had already filed PY u/s 44AD this year also should be filed u/s 44AD or can switch over to tax audit.

we are not registered on TRACES and it was our first return by mistakenly wrong assessment year selected and also wrong major head challan date 06/06/2019 how to rectify this challan . i have read we can rectify this challan through assessing officer what is the procedure what kind of documents we have to submit.

( 1 ) Can LTCG on jointly owned property sale be split and paid by Husband and wife in two separate returns . Buy and sale transaction done thru same joint s/b bank account . Sale consideration received as single amount
(2) Is concessional tax rate of 10% allowed if CII adjustment is not done for Cost of acquisition

( 3 ) House is purchased in 1995 . Can CII for base year of 1981 used till 2001 and then CII for Base year 2000 for further adjustment for inflation till 2019(year of sale ) ?

Will I have to continue with 4s for further few years or again i can change the form next year depending on my income

LAST YEAR I HAD FILED ITR-3 AS I HAD SALARY AND CONSULTING INCOME. THIS YEAR I AM FILING ITR 4S AS I HAVE NO SALARY INCOME BUT ONLY CONSULTING INCOME. IS IT OK TO DO SO.?
Will I have to continue with 4s for further few years or again i can change the form next year depending on my income

Respected experts kindly help me to know the tax rate applicable on the service described below.
A person is charging freight on his invoice for transporting goods through rail (that is he collects good from client arrange for its transportation through train and finally deliver it to the buyer) what rate of tax he should charge whether 5% or 18%. And if 5% is charged can he claim itc on the input services.