Vishal Gupta
20 December 2018 at 11:33

Job in big 4 firms

I have applied many times in ey,deloitte & kpmg by online and direct careers@in.ey.com, But I do not get call for interview. I do not have any reference in these firms . Please provide some solution to get job in big 4 firms and to get interview call.


Ankit
20 December 2018 at 11:01

Gold ornament (for porsonal use)

how to enter gold purchase bill in tally for personal use. Ledger create which under group than calculate GST for ITC. Plz help me....


Petchimani
20 December 2018 at 10:35

80c

Sir, I Have LIC premium paid to my son, I have claimed 80C, In Lic agreement nominee name my wife, who is clamimed 80C? above case advance thanks for your reply



Anonymous
20 December 2018 at 09:13

Income tax

AN EDUCATIONAL TRUST GETS LOAN FROM "BANK A" AND CONSTRUCTS A BUILDING AND LATER FINDS THAT THE INTEREST IS HIGH AND GETS LOAN FROM "BANK B" AND SETTLES THE LOAN FROM "BANK A" AND CLAIMS THE COST OF THE LOAN THAT IS USED FOR BUILDING CONSTRUCTION AS CAPITAL EXPENDITURE...MY QUESTION IS IT ALLOWABLE AS PER INCOME TAX ACT,1961???


Nithija
20 December 2018 at 09:01

For an education trust

An education trust gets a loan and constructs a building and buys furniture & fittings and later claims the cost of the loan(Principle+int) as capital expenditure ....Is the Capital Expenditure Allowable as per IT Act?



Anonymous
20 December 2018 at 01:25

Refund of igst

We are private limited company in dairy business. We had purchased machine for milk packing from china. For the same machine we had paid Rs. 2.59 lakh as IGST on import. Our product is milk only which is not subjected to GST while selling. Can we claim the refund on the IGST paid?



Anonymous

My father passed away in 2016 and later we came to know that had entered into registered sale agreements with 4 agriculture land owners during 2011 to 2015 on a land aggregator role on behalf of a land development company through an unregistered "assignment agreement to purchase land" in 2011 under the conditions that the company has/will pay for cost of acquiring these lands.

Now, the company has approached my family (as legal heirs of the agreement) to execute a Cancellation Agreement forfeiting all the advances paid by my father (i.e. on behalf of the company) towards acquisition of land. All agreements are Registered have a 4 month limitation and no forfeiture clause thus seeming to be open-ended.

What are the tax implications on my family if we went ahead for Cancellation of Agreement by forfeiting the advances paid? Does forfeiting the advances amount to capital gains or income from other sources and why?

Any help from the experts is highly appreciated.


shweta jangra
19 December 2018 at 22:35

Itr 2017-18

Is there any way to file return for the AY 2017-18 if assesse has amt refundable???


rajeev

my son is doctor and by mistake his first name was written in ITR as Dr.Himanshu instead of Himanshu as in PAN CARD.. PAN CARD number is correct. His return for AY 2018-19 is still not processed. Should his ITR be revised or rectified to correct the first name. Will there be a problem in TAX mismatch. Your expert advise is appreciated.


Amiit Gupta

Dear All,
Hope all are doing well !

My query is as under :

1. Invoice No. 1 of Rs. 112 (i.e Taxable Value Rs. 100 & GST (12%) Rs. 12) raised in Oct-18 - Return filed and liability paid.
2. After filing of GSTR1 & 3B of the above month, it came to notice that same invoice (i.e. No. 1) was revised in Nov-18 and revised invoice value is Rs.168 (i.e. Taxable Rs. 150 & GST (12%) Rs. 18).
3. GSTR-1 for the m/o Nov-18 filed (detail of above revised invoice also mentioned therein).
4. Diff of point no. 2 & 1 w.r.t Taxable Value is Rs. 50 (150-100) & GST Rs. 6 (18-12).
5. Now, at the time filing GSTR-3B for Nov-18- In the field of details of outward supplies/RCM supplies- I have shown the differential taxable amount(i.e. Rs. 50) and GST liability (i.e. Rs. 6) and paid the liability.

Pls go thru the case and do suggest me whether am i right in this approach?
If not, then pls suggest me the right way.

Thanks in advance.






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