Hi All,

Request your suggestion for the following

In order to claim capital gain exemption u/s 54, assessee has purchased new property. However, by mistake, exemption for wrong property which was also eligible was taken. Later on this new property on which exemption has been claimed is sold in 2.5 years i.e before 3 years lock in period under section 54.
Suggestion required- Should the assessee rectify the earlier return and claim exemption for correct new house property or wait for any notice, if any received, post filing of income tax return showing details of sale of new property sold within 3 years.

Thanks in advance

sir,
Experts there is a invoice that is belongs to Telephone expenses of our One director personal home could i make data entry in our company if no why? if yes how could we these expenses and claim input of Telephone expenses.

I received certain amount after my retirement(PSU employee) and from that amount I made FD for 5 years in the name of my major son. Five years period is over . Now I want to take back that amount and want to make FD in the name of my wife. I want to know that whether this FD amount will be clubbed in my income or not

in our company claimed input tax credit on fixed asset as per internal auditor . but unfortunately wrong claimed depreciation on same fixed asset in as per income tax act . and filed income tax return . now what i do?
what is the clear provision for claim ITC and depreciation for fixed asset . how much limit for 1st year and 2nd year as per the GST??????

Dear All,
We have provided the commercial vehicles to various companies on monthly basis. however we are not having transport company....being individual all companies are deducting 1% TDS on payment. Pls let me know is GST applicable in this case whereas the receipt are above 50 Lacs. If yes whether we have to charge GST in invoice if yes how much percent and what would be it's HSN code......or does this service falls in the RCM..

Pls guide.....

Thanks
Karan

Dear Experts,

Please suggest we have paid Rs.11814/-Under Reverse Charges mechanism. How to pass the entry in busy ?

We shall be thankful to you for this.

For the Ay 2019-20 we have to file income tax return of one of the directors for a pvt ltd company. The director is being paid a sum of Rs 4,50,000 only per annum on account of Remuneration to directors. Please let me know for the ay 2019-20 as of which ITR shall be filed and whether in such case Rebate u/s 87-A can be claimed.

WE HAVE RECORDED SALES INVOICE IN JULY 17 IN BOOKS AND SHOWN IN GSTR 1 OF FY 17 18 BUT FORGOT TO ADD IN GSTR 3B SHOW WE ADD THAT INVOICE IN APR 18 GSTR 3B

NOW HOW TO GET EFFECT IN GSTR 9?

If an Assessee is a citizen of USA and a non resident of India and during the year he had sold his property in India and had paid taxes in India for the sale made..Can he claim the taxes paid in India as an Allowance for the tax he should pay in USA... as there is a DTAA between India and USA???

Dear all,
when should be discount given?
before gst
or
after gst