Sections 147 and 271F have both been issued.
Dear Sir,
I received a notice under Section 147 about a year ago for the 2015-2016 fiscal year for not filing my returns, but I did not respond for an entire year. They sent multiple reminders, but I ignored them based on advice from some people.
Meanwhile, I received the latest proceeding under Section 147 with some penalties a month ago, asking me to submit a response.
Yesterday, I received a notice under Section 271F with a penalty of Rs. 5000/-.
My question is, do I need to pay the amount as per the Section 147 proceedings or the Section 271F notice penalty? In the Income Tax outstanding demand section, I see notices with different amounts.
Please advise.
Thank you.
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can ITC available of insurance for shed as Business Property ??
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Sir/s, Namaste
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Suppose X purchased a plot in the year 2008 for Rs 8 Lakh and converted it into stock in trade of his business of Real Estate in the year f.y. 2011-12. Such Plot after conversion is sold in the year f.y. 2023-24. and purchase a new residential house. 54F is applicable from the date of conversion i.e. from 2011-12 or from the date of sale of stock i.e. from 2023-24?
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While creating sales B2B e invoice by mistake "Supply attract reverse charge" box was ticked
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The deed of partnership has this clause:
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Loan or expense
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Resolved and deleted.
Amendment b2c to b2b allowed in gst portal
Sir,
A registered regular dealer f.y.19-20-20-21 years b2b transaction b2c report in gstr-1.
Question:
Dealer b2c transaction b2b transaction amendment allowed in gst portal
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