shashank sahu

One of my client failed to file ITR for a particular year, now i want to send a condonation application u/s 119. I want to know whether there is any online process to submit the condonation application or we have to submit it through manual process only.
if any draft application is available please share it with me


Ashish Jha

Real account are the accounts which relate to tangible or intangible assets of the firm. So how could a reserve be treated as a real account.


Anshu Rustagi
10 April 2019 at 15:26

Cpc income tax refund

What is the normal timeline which CPC takes to process the refund of around 2.5 lakhs after sending the intimation u/s 143(1)? It has been 2.5 months but clients are not getting the refunds.


Shiv Karwa
10 April 2019 at 12:35

Bill to ship to ewaybill

we purchse goods from our supplier and instruct him to ship directly to my party.
my supplier issued ewaybill bill to me and ship to third party.
now i issued invoce to my party. is there any requirment to issue ewaybill from me?


manisha
10 April 2019 at 12:13

Sale of property tax

Dear Sir

I have purchase a flat in the year 2012 with Rs.600000/- and now I want to sell the same at Rs.4600000/-
But the flat was mortgaged with bank ( I have taken education loan from Bank for my child)

My Query is if i pay the bank loan from profit of sale of property is taxable in my hand or not.

Please help me


Harikrishnan

Sir/Madam,
We have a manufacturing company and Insured its Building, Plant & Machinery etc under "The New India Assurance Company Limited". In March 2019 I had renewed my policy and received a GST Invoice with my GSTIN and clearly mentioned Insurance amount, CGST and SGST, can I take Input of this invoice.


CA jignesh daiyapro badge

Respected sir
we have developed app for payment & discount purpose for that we have incorporated business in dec month
we have appointed it team of 7 person & paid salary for oct & nov month
i want to know whether salary for oct & nov month will be allowed as deduction as preliminary exp or it will not be allowed in income tax


thanks & regards
jignesh daiya


Shivendra Singh
09 April 2019 at 21:58

Money gift from grand mother

Dear sir, My grand mother is going to sell her rural agricultural land by which she will gain 40 lakh.
Now my grand mother will gift me 40 lakh by cheque via banking system. I do earn 25 lakh per annum. And If I will get this 40 lakh gift from my grand mother.
I am deeply worried about any sort of tax liability of gift on me. I want to be perfectly sure about the event of any tax before selling agricultural land so as there would be no fear after receiving the gift.
Please sir specify the clause of Tax Laws
1- What is tax liability on me ?
2- what is tax liability on my grand mother ?
Thanks in advance


Sanket Galande
09 April 2019 at 20:45

Gst on gta services

If transport service provided by an GTA to an unregistered personal, then GST is applicable or not?

& if GTA provides transportation service to a Registered Dealer for transportation of Non GST Goods(liquor) then what is the GST implication on it? 


Aru
09 April 2019 at 20:30

Gst

One of my client undertaken a building construction work for a Trust, the trust is registered under 12AA registration.
My client is raising bill on the Trust for the work without GST as per the instruction of the Trust management.
Is it the correct procedure raising bill without GST ?






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