Respected SIr / Madam

As we are manufacturing coke. and we are generating power (electricity) free of cost and what ever we exp made to generating power we are not claiming input.so than no any amount should i reverse. because whatever exp made for manufacturing coke we are claiming input. plez confirm me.

Can we tax realized gain/loss on derivatives while squaring off instead of offering notional gain/loss to tax every year?

RESPECTED EXPERTS. I WANT TO KNOW ABOUT THE BYMISTAKE UNDISCLOSED SALE BILL IN A.Y.2019-20 FOR AUDITED FIRM. SO PLEASE TELL ME HOW CAN I SLOVE THIS QYERY. INCOME TAX AS WELL IN GST ALSO.
THANK YOU.

Dear Sir/Madam,

Is there gst applicable on CFS charges. if yes then on which rate?

pls share your valuable advise.

what would be deemed rent when property purchased say on 31st july i.e notional rent for whole year or part year?

Hi,

We are having an Alternate Investment Fund (AIF) registered under Indian Trust Act, 1882. I need to know which accounting norms /standard applicable to it?

Dear Sir,
We have given composite contract for 'providing & applying Thermoplastic paint" , and the contractor has given us the composite invoice with no bifurcation of materiel & labor. Just want to know whether sec. 194C will be applicable.......?
Kindly advice

Thanks

Team,

Here is the news from ET 23rd Dec.

https://m.economictimes.com/news/economy/finance/glitches-in-itr-processing-lead-to-bloated-tax-liability-on-capital-gains/amp_articleshow/72931397.cms

This is the case for me too, what should be the action item from our side and also Department side.

Please share your suggestion.

Advance Thanks
Palani

One of our Client, having status of Private Limited Co., doing business of online balance transfer to the venders. The company first received Cash/Bank from their all vender party and in turn the company transfer the balance in wallet of the vender A/c.

Quary..
1.Should the Cash/Bank amount received from vender be considered as a turnover in P & L A/c?
2.or only commission received from the wallet company is to be treated as direct income and not to shown the cash turnover in p& L A/c?
3.Since company is liable to to pay GST only on commission invoice issued to wallet company, now if we show the turnover of Cash/Bank (which is not liable to GST) department may raised the quary, that your turnover is more in p&l A/c compair to 3B??

A proprietor engaged in Trading business and he receives LIC commission.LIC commission is Taxable supply or exempted supply to file GSTR-1 and GSTR-3B. Please clarify my doubt