Dear Sir,

One of my client has earned income through capital gain from American stock market. What is the way of computing Taxable income as per Indian law for capital gain from abroad.

Please help me in this matter.

Regards,
Divyesh Jain

Dear Expert,
We made a sale to a party belonging to Chennai of Rs 2lac and according made an e- way bill and we despatch the material to party and currently the material is in transit.Further we notice that we mistakenly punched wrong rate and invoice should be of Rs 3.5 lac. now what should we do for 1.5lac whose material has been despatch?
Can we do this?
For 1.5 lac can we raise debit note so that party will be debited for total 3 lakh and no need to issue E-way bil against debit note as material has already been despatch?
Is it legally right?
Please reply it's urgent.

Anybody can clarify what is the difference between DIR-12 and MR-1 under Companies act 2013

Goods were supplied to a party in 2018-2019 but payment still not received. Can ITC of party be reversed by gst Department? What is the process for reversal?

Bonds on which STT is not paid held for long term period are taxable @ 20% with indexation benefit

However in ITR 2 under capital gains "Bonds or debenture (other than capital indexed bonds issued by Government" cost of acquisition without indexation is specified.

My question is how to show Cost of Acquisition with indexation ?

Hi,
I want to start with POD business on teespring and redbubble. Both these platforms are based outside India. As a seller, I will upload my artwork on these platforms, will create a virtual listing of products & set selling price for each product. Customers(who are also from outside India) visit and place order with these platforms.These platforms manufacture and deliver orders to customers and after deducting a base price for manufacturing from selling price, the remaining amount will be paid by platform to seller i.e. me by payout through PayPal.
After a lot of hassle, I came to know that this will be the export of services( zero rated supply) and all transactions need to be shown under GST.
I am just receiving payout (showing profit earned by me) from these platforms through PayPal
I am not issuing or not receiving any invoice. Even customer details are not shared with me.
So my questions are
1.How to show this profit under gst as I have only payouts showing profit earned by me (i.e. selling price minus base price) from those platforms?
2. I don't have any invoices but in gstr1 Invoice details need to be filled. How to address this issue?
It would be of great help if you could answer query.
Thank you

Bonds of EdelWeiss Finvest Pvt Ltd w/o STT held for long term period will attract Long Term Capital Gains Tax @ which rate ?

All figures even though given correct as well as are tallying still I get error 50 hence cannot submit ITR2. can anyone help as its frustrating experience. I suspect this error is thrown as income tax site yet not stable has internal logical errors . error message is Sum of income u/s 111A or section 115AD(1)(ii)- Proviso (STCG on shares/equity oriented MF on which STT paid) & Pass Through Income in the nature of Short Term Capital Gain chargeable @ 15% in schedule SI should be equal to corresponding income as per schedule BFLA

Sir,

we have to receive inadmissable refund amount from department , debited amount to credit in our credit ledger. they are tried lot of times but it is showing error, they informed pmt03 undertaking in refund column to upload.

what is pmt 03 undertaking , how to upload in GST Site.

Kindly guide and explain me

Thanking you

Respected Sir,

26-AS of an individual is showing section 206CQ related with TCS collected and TCS deposited as per 16-AS total amount paid is as of Rs 2,23,223.

How to locate this entry in the books of account of the individual.

Please guide me and oblige.