Dear Sir,

I am a Govt. servant & I have sold immovable properties in multiple parts which were inherited to me by my mother after her death, earlier which had been shown by her in her ITRs as a business income u/s 44AD. I want to show the sale proceeds arising out of sale of immovable properties as a business income instead of showing it as capital gain but showing it as business income instead of capital gain does not have any impact on my Govt. job & this activity is also not that kind of business which involves purchase & sale with the intention of earning profits since these immovable properties had not been purchased by me, these were inherited to me after the death of my mother and I am left with no option rather than selling it.

Kindly help me in this matter whether I can show this as business income instead of capital gain without having any impact on my Govt. job.

IS IT MANDATORY TO TO USE INPUT TAX CREDIT OF CGST FIRST AND THAN SUBSEQUENTLY SGST WHEN THERE ARE IGST PAYABLE AND THERE ARE EXCESS INPUT TAX CREDIT OF BOTH CGST AND SGST.
CAN SGST AND CGST INPUT TAX CREDIT USED IN EQUAL PROPORTION WHEN IGST TO BE PAID?[WHEN IGST HAVE LIABILITY AND CGST AND SGST HAVE EXCESS BALANCE]

Dear Sir,

I have applied for new GST registration for Proprietorship. During apply, i had uploaded Property Tax receipt for the ownership proof of principal place of business. Now department has sent a notice to provide another proof of ownership for the principal place of business. Once i am replying towards clarification of that notice and trying to upload new address proof (property registration doc), i am not able to do that, as TYPE is not highlighted and can not select from the drop box. Please advise.

With best regards,

Vijay

I am working with a partner to start a retail company to sell goods in the USA, sourcing them mainly from China. The goods will not land in India and will be shipped to the USA directly from China. I am not sure how GST works here. Does the income come under zero-rated supply for exports? Any advice will be appreciated. Thank you in advance.

My client turnover crossed 10Cr in Feb-2022

should be deducted TDS on purchase U/s194Q for March-2022 (month purchase) or should be started TDS from April (next financial year) onwards.

Please tell me

Sir,
One of the it person maintained three banks 1. sb account balance rs:24,568/-
2.bank sb account balance rs:56,356/-
3.bank sb account balance rs: 89,455/-
As on dt: 31-03-22.
Question:
Assessess above mentioned all banks
accounts information transaction data AIS show compulsory.

Hello to all the members of caclubindia.
I am CA Final Student and have cleared my PCC in May 2010 then i got married so due to family responsibilities I was unable to clear my Ca final but now after a long gap I want to complete my CA. I have also registered for the new course. I really need ur help if u all can guide my about the way how can i start as i am totally new for the new course.

Kindly advise my what is the reference books that I can follow and how to start my studies.

HI,
In October 2021, I converted my Sole Proprietorship business to a Private Limited Company.
Queries :
1. Whether I have to file 2 Income tax returns for FY 2021-22 i.e for Sole proprietor as well as company? If 1 return is to be filed, whether income from sole proprietorship business to be reflected in Books of Accounts of the Company?
2. I was using my Old GST number till February 2022. Will that have any penalty?
3. Please explain the accounting treatment in both entity's books

An employee has left the company in april 2022.The salary was not given for the month of April 2022 to the employee but PF was duly deposited in his account.
Now the company is asking for this PF amount from the employee...what is the remedy of this? The company can directly ask the EPFO department to receive back this amount instead of employee?

One of my clients is a individual who is paying a good amount towards of transportation of household goods. I want to whether he needs to deduct tds on amount payable to Packers and movers ( who isPvt Ltd co).
He doesn't have TAN no .
Request you to throw light on above with respective provision