A Trader who is dealing in cooking masala powder paying tax under compounding system and paying1%. During 2020-21 his turnover exceeeded the basic limit of Rs. 1.50 crore to Rs. 1.53 crore. Enforcement wing officials visited the place of business and collected 5% GST on the excess turnover of Rs. 3 lakhs. But now the assessing officer issued notice in DRC01A proposing to levy tax at 18% GST on the entire turnover of Rs. 1.53 crore. Can the experts throw some light how to respond to this Notice.....

Since which date Late fee u/s 234E for late filing of etds returns is applicable ?
Is there any circular to that effect ?

Sir,
We booked invoice on 20/03/2023(F Y 22 23), ITC Credit was taken in same month. In October 23 we reversed the ITC due to non payment to vendor.

we have paid the vendor in March 24. we forgot the take recredit of itc reversed.

can we take the recredit today in the month of December 2024.

My wife is a senior citizen. Her income is as below -

LTCG 210000
STCG. 10000
Income from other sources 190000

Exemption as below -
80C 120000
80TTB 30000

Is she eligible to submit 15H?

1) if assessee required to get their books of account audited u/s 44AB, Can we opt 44AD for F&O transaction if nature of business is whole sale and retail trade?
2) In case of net loss (Sale amount - buy amount) in F&O transaction, then 44AD will be applicable?

hello

can any one solve below mentioned query

there is partnership firm and only two partner has carried out the business , one partner died in FY 22-23 I have filed ITR of the firm till the date of the died partner after that I have not filed ITR FY 2023-24 due to automatic conversion into proprietor concern and there was no income in that partnership for the FY 2023-24 .Now I have received message from income tax department you have not filed ITR for the Fy 2023-24

how Shall file ITR even if I have no income in that partnership firm and now Partnership firm does not exist.
how to close the above matter ?should I cancel the PAN no of the partnership how to inform income tax department due to non filing of ITR

1) if assessee required to get their books of account audited u/s 44AB, Can we opt 44AD for F&O transaction if nature of business is whole sale and retail trade?
2) In case of net loss (Sale amount - buy amount) in F&O transaction, then 44AD will be applicable?

if a individual person having income from LIC agency commission, general insurance and nbfc companies connector code(commission) and turnover is less than 20 lac yearly
Is he required to register under GST???
please guide

Sir, I have a question My Turnover for FY 2022-25 was above 2 cr. hence I filed GSTR9 but this year my Turnover reduced to 1.20 cr. is filing GSTR9 mandatory for this year ?

Delivery,
Future and Options,
Intraday and
Equity.
and
CTT rate also