This Query has 2 replies
Sir, I have query kindly resolve this, for Example Mr. A GST Registered Taxpayer has sold Open plots to buyers which is exempt as per GST. But, My query here is, May I need to show that Exempted Sales in GSTR 1 or Not ?
This Query has 1 replies
I am having Income from Business & so i am filing ITR 3 for FY 2023-24
My Tax Liability under both Old and New Regime is Nil
But ITR form is showing New Tax Regime as default regime. For Opting out of new regime, i have to file form 10-IEA ?
In all earlier years i have filed return under Old regime.
If I file return for FY 2023-24 under New regime , Can i Switch to Old Tax Regime in future Financial Years. ?
This Query has 3 replies
Can any body tell me what is the tax payable in this situation I don't know how to set off on the portal tax payable cgst - 29795 sgst - 29795 igst - 0
Itc opening balance - igst 4223
Current month itc - igst - 24949 cgst - 3210 sgst - 3210 please tell me and solve it
This Query has 1 replies
I'm a professional doctor. I'm not employed anywhere. I had PPF account in which my PPF interest is above 3.5 lakh p.a. Is this interest taxable or not?
This Query has 3 replies
Dear sir/s,
Can 115BAC opt for updated return of employee where as in original return not opted ITR Form 1
This Query has 1 replies
Sir,
What is the meaning of crore banking system
This Query has 3 replies
We an Indian Company have awarded a contract to an Indian Resident company for a project outside India. We have deducted Tax at source from the bills of the Indian company as per the extant rules of the foreign country. However, we are making the net payment against the bill in INR to the Indian resident company from India to their Indian account.
Are we liable to deduct IT TDS again from such remittance as per the rules of Income Tax of India?
This Query has 2 replies
Dear Sir,
We have advance from Sundry debtor in Credit Side in Balance Sheet. While Filling ITR-3 i dont find anything where i can show Please suggest Can we show under Sundry Creditor
Please advise
This Query has 9 replies
DEAR SIR,
MY CLIENT OWNED HEAVY GOODS VEHICLE (16WHEELS) AND ATTATCHED TO THE COMAPNY. THE COMPANY DID NOT DEDUCT TDS U/S 194C BUT IN FORM 26AS SHOWING BUSINESS RECEIPT OF RS 64300. BUT AS PER SECTION TDS SHOULD DEDUCTED IF THE CONTRACT BETWEEN THE CLIENT AND COMPANY. IS THERE ANY PROBLEM TO CLIENT OR NOT
MY CLIENT ALSO DOING OTHER MAIN BUSINESS PHOTOGRPHY AND VIDEOGRAPHY.
THE INCOME FROM CONTRACT HIRED FROM THE COMPANY SHOULD BE DECLARED IN OTHER SOURCE OR BUSINESS INCOME.
PLEASE GUIDE ME
This Query has 1 replies
Sir,
Proprieties have 3 Term Loan and 2 CC Loan account Interest from All Loan account FY 2023-24 is Rs.991000/- Where 661000/- Interest as Term loan. Proprietor have taken term loan from shop and home proprietor but he used Loan amount for Business purpose. In FY 2023-24 Net profit is around Rs.43500/- according to owner we should show NP around Rs.600000/- So can we Charge Term Loan Interest Rs.661000/- to owner,s Capital account and Rs. 330000/- CC Interest to PNL Account
Please advise Sir,
"Live Course on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
GST on Open Plot Sale