In sep 2023 gst rerurn R-1 I filled wrong hsn quantity as I need to file 540710 Hsn quantity 6108 but wrongly entered, 610880 can any solution or in gst law there is penality or interest for it
I had purchased a under construction property jointly with my wife and which will be fully financed by me. I have paid the TDS on the booking amount paid to the builder. Now my wife has received an e-campaign notification asking a feedback on this SFT entry of property purchase. She has already filed and ITR and it's processed. What should be the feedback that should be selected?
1. Information is partially correct and select the transaction amount as zero
OR
2. Information belongs to another PAN and give my PAN details and put the complete transaction amount on me
Please guide
Hello ,
Our company has purchased a land, and the builder himself has paid the TDS.
It is reflecting in our 26 AS , so we have taken credit of it.
We have now received intimation u/s 143(1), they have reduced the credit to that effect.
please advice.
Hi All,
I have let out a flat. The flat is co-owned by me and my wife. I also have Home Loan and Top Up Home Loan on this property.
Till March 2023, I have paid all the EMIs from my bank account since my wife was not working. She has recently started working. However, the EMIs are deducted from my account (That's the arrangement between us).
For the let out property, Rent is credited to a joint account but the rental agreement is done in my wife's name.
Here are my question.
1. Can we divide rental income equally or the rental income must be considered into my income since I have paid all EMIs till now.
2. Home Loan and Top Up Home Loan interest deductions would be applicable to both of us?
Thanks,
N
Dear Experts,
One joint property is sold in FY 2022-23. Accordingly in ITR of individual owners only 50% respective share is shown under Full consideration and cost of acquistion.
However in AIS, entire sale amount is showed for both the owners.
Now there is SMS received from Income tax regarding high value transaction reporting whether the same is correct or not. Please advice whether ITR was correctly filled in this case? If yes/no , what further compliance needs to be done
Regards,
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Hsn quantity