For AY 2016-17, I have made a profit of Rs.2,00,000/- and suffered a loss of Rs.4,00,000/-, in all net loss of Rs.2,00,000/ on intra day share trading. I have filed before the AO, unaudited P&L Statement issued by my Broker .
AO is saying that he will impose tax on the profit component of Rs.2,00,000/- and will not recognise the loss of Rs.4,00,000/-. Is this correct? Can he selectively take only the profit portion and ignore the loss portion in the same P&L Statement?

Expert opinion is solicited.

Am i eligible to write CA Final in May 2018, if i Pass my IPCC IInd Group in Nov 2018 (I completed 2.5 Years of articleship)?

Dear Experts,

Oversea customer place order in india to supply material within India. Payment for supply will remitted by overses customer in USD.

Please guide gst on the above transaction.

Regards
Ashish

Hi All,

Have a query in context of GST. Thanks in advance.

1. Which class of DSC is required to validate GST invoice ?

2. If in the footer of the invoice we provide a statement "" invoice is computer generated ,signature is not required". Then will this suffice the requirement or company's seal will still be required ?

3. Will point 2 hold good for inter state gst billing also , as the transporters carry invoice so shouldn't be stopped at the check points.

Thanks again !

ASSESSEE-REGISTERD PERSON HAS FILED GSTR 3B AND GSTR 1 REGULARLY TILL OCTOBER 2018, NOW DURING GST AUDIT -AUDITOR INSISTED TO PAY RCM ON TRANSPORT FREIGHT BY GTA FOR THE YEAR JULY-17 TO MARCH-18 AMOUNTS Rs.45000/- CGST Rs.45000/- SGST AND Rs. 60000/- IGST. IF REGISTERED PERSON PAYS WITH INTEREST @ 18 % IN NOVEMBER GSTR-3B WILL REGISTERED PERSON GET ITC CREDIT DURING NOV-2018 ON WARDS FOR RCM ? REGISTERED PERSON HAS MADE MISTAKE TILL OCTOBER 2018. WHAT WILL BE THE CONSEQUENCIES FOR THIS.

Dear Experts,

payment of a contractor is stopped due to some dispute between the employer and the contractor for a period of 16 years form 2002 to 2018 now since the court have ordered the employer to make the payment is it legal to deduct GST on the amount which has been accumulated in the form of interest for the period of 16 years?

Kindly give your valuable suggestions.

Thanks in advance.

I am filling qtly return under composit rate of tax GSTR 4 and GSTR 3B showing sales . Now in GSTR 9A whether we shoul file purchase also in GSTR 9A. Pl carify the same since purchase has not been filled in GSTR 4

If a charitable trust/society purchases a land from a company (Pvt Ltd) at a price less than the circle rate, then :
Will the difference amount (price at circle rate – actual consideration paid) be added to the “Income from other sources” of the society / trust ? Or is there any exemption to societies/ trusts ?

Under which section Of Income tax Act is such exemption?

Hie, I had come to a query from a Co-operative Society with Banking License.
They asked where and how to report Co-operative Bank's Current/Savings/FD Deposits in the ITR-7?
Previously since last three years, they were reporting it under :Unsecured Loans" Column, but thereafter, every year, they are subject to limited scrutiny for Huge amount of Unsecured Loans, which they are reply that it is their Current, Savings and Fixed Deposits.
So if anybody knows where to report Co-operative Bank's Current/Savings/FD Deposits other than above in the ITR-7, please reply.
Thanks.

Are GSTR-9 forms notified yet or not? When it will be notified coz due date to file it is 31st december, 2018??