Dear All
At present , we are using revenue stamp for all cash transaction above Rs 5000/- for West Bengal.

Is there any latest update in Stamp Act regarding this limit ?

Regards

I filed income tax return ITR-4 for the AY 2023-24 on 26.03.2024 by paying Rs 1000 as late fee but want to revise the return now. Is it possible to revise.
Plz advise

Dear Experts,
Can a Limited company give unsecured loan? if yes
Can it give loan to Individuals / Pvt. Ltd. Companies / Directors ?

dear Expert , In one of my case AO has made addition in Interest receivable @ rate of 9% as difference in market rate from own family members quoting interest charge is lower rate from interest in Market rate without invoking any provision of Incometax Act, simply made addition of 9%. whereas about 3-4 percent interest paying on the loan take from his own family members. Pl suggest me without invoking any provision of section 28 or 56 can he does that on estimate basis

Hello Team,
If agreement value is of 19364480 and there are 2 buyers(66% & 34% ratio) and 1 seller.
So what should be the values in below 3 fields in each form 26qb?

If i give below values in each form 26qb ,it is giving me error "Warning : Please enter proportionate share of Stamp Duty Value." Also the 1% TDS Amount is not coming automatically for me, so i do need to manually enter and move ahead?

Total Value of Consideration (Property Value) * 12815960
Amount paid/credited currently (B) * 12815960
Total stamp duty value of the property (C) * 12815960

Total Value of Consideration (Property Value) * 6548520
Amount paid/credited currently (B) * 6548520
Total stamp duty value of the property (C) * 6548520

Which is the correct values? Can anyone please guide?

Dear Experts,
1 A company is availing the house keeping from its service provider.
2 The Service pervider is GST registered person,also he falls within the turnover limit of Rs 10 cr to Rs 20 cr.
3 So he shall have the responsibility to raise the e-invoice from 01-Oct-2022
4 This company is availing the service since from Oct 2023
5 But the service provider did not issue the e-invoice.
6 Now the query us
Whether this service providers is able to raised the e-invoice for back date that is for Oct 2023 invoice
7 Pls clarify

As per section 54, one can sell old property either two years before or one year after purchase of a new residential house for the tax benefit. But for construction of the same new residential house, it mentions only of sell of old property three years prior to construction of new house? Do I have one year time after construction of the new house to sell the old property like in the case of purchase of the house? If not, why such step-motherly treatment in case of construction of house? It is common sense that one must build the new house before he can dispose of the old one. As per the funding, one can take home loan and then pre-pay the loan from the proceeds of the sale of old property, thus utilizing the sale towards newly constructed house only. Is Income tax department to stringent on the wording of the missing clause (not allowing reasonable time after construction of properly for selling) in the section 54 which just seems like stupid omission by the law makers?

when we apply for GST registration, we have an option to select HSN code for top 5 goods and services. But, when doing regular business , whether we can supply other goods or services having HSN which are not in already selected top 5 goods and services.

if we can select other HSN, whether the other HSN is relating to the top 5 goods and services?

Sir,

We received a purchase invoice containing cost of spare parts (HSN- 8471) and cost of service charges (SAC 9987) to get repaired one of our plant & machinery using in business.

While recording this purchase invoice in books of accounts under the Head "Repairs & Maintenance (P&M) A/c ", do we need to mention only SAC-9987
for the entire invoice value? Or do we need to mention SAC and HSN both with separate bifurcation?

Please clarify...

Thanks in advance...

When content and paper supplied by the recipient in case of a printing contract whether it constitute job work or not even if the recipient is not registered under GST. Please provide GST rate and SAC code.