Sunil Kumar
26 December 2023 at 20:57

Hsn quantity

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


limn limn
26 December 2023 at 18:18

E-Campaign - High Value transaction

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


Smrity pro badge
26 December 2023 at 18:00

TDS on purchase of land

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.


NiJPo

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


Dipen
26 December 2023 at 17:29

Capital Gain on sale of joint property

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,


Pushpendra Kushwaha

When calculating CSR expenditure under Section 198, should the government grant received for capital expenditure be treated as part of the profit? If so, is it the entire amount received during the year, or should it be based on the amortization amount reflected in the statement of profit and loss for the year?


Suresh S. Tejwani
26 December 2023 at 16:25

Regarding ITC in case of purchase from SEZ

Mr. A has purchased goods from SEZ. ITC of such goods is not reflecting in 2B and 8A. Whether he is eligible to claim ITC of such goods?


K SRIDHAR
26 December 2023 at 16:09

Proposed Adjustement u/s 143(1)(A)

Income due to disallowance of exemption under clauses of section 10 entered at Sl. No. 1(e) of Schedule OS is less than the difference between the "Gross receipts" in Sl. No. 3 of Schedule IE-4 and exemption claimed in Part B2 of Part B TI. Hence, the amount mentioned at Sl. No. 1(e). 'Income due to disallowance of exemption under clauses of Section 10' in Schedule OS is recomputed accordingly.


Shalini RN

We reversed ITC of Rs.4050/- under TABLE 4(B)(2) of GSTR3B during Oct-23 as we had not received the Original bill for the said ITC which was reflected in 2B. Now we have received original documents hence, we need to reclaim that. How to show this in Dec-23 3B so that we can avail the reversed ITC


CA Parul Saxena
26 December 2023 at 15:31

How to show reversal of ITC in GSTR 9C

A car was purchased and cess of Rs.2Lakhs was there in default 3B and by mistake i availed it. Then in next month return i show reversal of cess and this automatically shown as cess liability in payment section.
My question is now in GSTR9C whether to show this Rs.2Lakhs as liability in 9Q?






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