The assessee company had commercial properties which is given on Lease.
The properties is eligible to get deduction under 80 IA(iv)
1.Whether it should Rent Income in IFHP or IFB ?
2.Commercial Properties where to be show in Balance sheet under Fixed assets or investment ?

Option I
The assessee company intent to show as IFHP and show assets under investment.

Or

Option II
The assessee company intent to show as IFB and show assets under investment.(Asstes can be show as investment even if income from that properties show as IFB.)
please give your command on each of option.

Dear Sir,

We have one co. in India with 2 directors and we are providing services to a co. outside india ( foreign co. have one same director as that in Indian co.) .

We are raising invoice for foreign co. and receiving money in foreign currency, we have showed our invoices as export of services in GST portal for FY 2017-18. We have some accumulated ITC for FY 17-18 for that we have applied for GST Refund.

Department persons are telling that it is distinct persons and we cannot show the services provided as exports and pay the GST.

Please help on this sir?

Sir

One of my client has Wrongly taken the Output Tax into G S T Return(G S T R 1 & 3 B) in the month of March 2018 for the F Y 2017 - 18, hence his total Input Tax has reduced from actual credit.
What is the solution for rectification in this problem??.

Sir, I gave five lakhs as gift to my deemed daughter at the time of her marriage and it was exempted from Gift Tax. But unfortunately she got divorced. Now in case she marry again with someone, can I gift her again on her marriage and will the gift will be exempted from Gift Tax. Please advise me. My mail ID is sagsha_51@yahoo.co.in.

We generate a tax invoice to our client in the month of November 2018 and according we paid GST tax amount @18% to government.
Now our client by mistake paid @5% RCM on our invoice and tax amount deposit to Government.
My client admitted the fault but they are not ready to rectify.
Now Question how we solve the Problem?
We already huge amount as a tax to pay govt. even we are not pressure to them because they is big once.
My GST consultant advice us to issue credit note to our client. If we issued credit not then where we put the figure of (GSTR 3B) excess Tax amount. We have no sale in December even we expect our sales figure will be slow in coming month.
Please advice where we put the figure so that we Get show In our Electronic Credit Ledger

I have missed a B2C Invoice in GSTR-1 of December 2018. Should I rectify it and show my true liability in GSTR-3B and make the payment? (in this case my output liability will not match with GSTR-1) or should I show it in next return and later make the payment? please help

Hai Sir,
I have doubt in Income from House property topic. whether the assessee have a right to claim the interest and principal portion of housing loan he bought for 2nd or 3rd house?

A Private Limited Co fails to file Cost Audit Report for the Financial Year 12-13. The Cost Auditor who has done the cost audit is also absconding to do his duties. Hence, co is in the adverse situation whether to file 23D or CRA-4 to file Cost Audit Report for 12-13.

Also co has tried to file CRA-4 but repeatedly the file is unable to upload with some how with comments. May times token has been raised in MCA but no results.

Kindly guide in this matter.

DEAR SIR,

1. IF TDS DEMAND BY DEPARTMENT WAS MANUALLY CORRECTED BY ONLINE CORRECTION OF TDS STATEMENT.

2. AND TDS CHALLAN WAS NOT TAGGED

DOES TDS DEMAND WILL BE CLOSED IN THAT CASE??

THANKS

One of my client( Registered in Maharashtra) is organising an Exhibition( In Maharashtra) next Month and they have raised invoices for Sponsorship, while issuing invoices they charged C Gst + S Gst to those sponsorer who are registered in Maharashtra and charged IGST to the Sponsoerer who are registered outside Maharashtra.
As the Exhibition is going to be held in Maharashtra, the place of supply is Maharashtra i advised them not to charge IGST to the outside Maharashtra Dealers and rectify the Bills by charging S GST and C GST.
One of the Sponsoerer objected to this and insisting on charging IGST in the bill so that he could avail the ITC, and also asked explanation from us that why we should not charge IGST,
Hope you will guide me on what is correct...
Thanking you in advance