I have collected pre-publication charges and issued receipts to the customers. No invoice has been issued yet. Since the book cost is reduced, I have to refund the excess amount collected.
Kindly let me know whether I have to issue a refund bill and how the transaction is accounted in the books

A Pvt Ltd company is still in R & D and Prototyping phaze, so capitalising it's all expenses but in same phaze company received an order and ready to pay 100 % against PI,and sale is not yet done or booked (sale invoice), in this case can company still continue capitalsing expenses? And at exactly what stage company should stop capitalising R & D expenses i.e. when received PO, company raises PI, received money from customer, raises sales invoice or when actual sales, please guide 

let x ltd is the business engaged in bus travelers and their tickets are booked through online platforms y ltd like redbus or Abhibus etc here Ticket price is 1000+5% GST charged to the customer will be received by y ltd. y ltd will deduct their platform commission of 10% which comes to 100+18% gst = 118
here y ltd will collect 1050 and remit 932 to x ltd (1050-118)
from the above case y ltd should disclose its income as 100 +18% gst but if in case y ltd has not disclosed the full amount 100+gst instead, they disclosed 50+gst in their GST returns
In this case, how does govt have a track that the income is leaking here and there is no control ( specifically by notification tds u/s 194h is not applicable in this case )
how can govt track a case like this or what are the possibilities to track this leakage.

I just want to know time barring date for assessment of individual for FY 2020-21,21-22 and 22-23 along with extract of relevant sections.

Dear All,

The Assessment Unit of the Income Tax Department made an assessment for the Assessment Year 2018-19 under section 147 read with section 144B on 14.02.2024 and a Demand of Rs 1,62,256 is raised. The demand is raised without giving credit of the self assessment tax paid on 07.04.2023 at the time of Filing Return of Income U/s 148 i.e. Rs. 60,917.

Rectification petition for credit of Rs. 60,917 has been filed with the Jurisdictional Assessing Officer and is pending for processing.

Balance Demand Rs. 1,01,339 (1,62,256 – 60,917) paid within 30 days of demand raised. Now, I am unable to file the application U/s 270AA (Form 68- Immunity from Imposition of Penalty).

In Point 8 of Form 68--- “Details of amounts paid”, since the date of amount paid as self assessment tax at the time of Filing Return of Income U/s 148 is before the date of service of order so an error message is displayed as “Error: Please enter valid date of deposit and it cannot be before date of service of order”

What course of action should one take in such a case so that the Form 68 is successfully filed for grant of Immunity from Imposition of Penalty?

One of the options I feel is to wait for the processing of rectification filed with the Jurisdictional Assessing Officer so that the demand gets reduced and the credit of Self Assessment Tax is given.

What are the other options available?

Please suggest.

Sir.
We have an export transaction during Nov 23. We try to file Gstr 1 this transaction in export invoice with payment of tax.
While filling Gsrt1 follows email received.
" invoice not transmitted to Ice gate because of negative ledger balance ".
What next step taken .
Please advise.
Binu

I have filled TAN Application and made due payment of Application through Net Banking. However I could not generate the Acknowledgement Receipt as there was some error in the website. I have received the e-mail regarding generation of Acknowledgment Receipt. However I am unable to generate Acknowledgement Receipt which I require to print in hard-copy and send it to defined address in Gurgaon . Kindly guide me how to generate Acknowledgement Receipt of TAN Application??

DURING 2010 A PARTNERSHIP FIRM CONVERTED INTO PRIVATE LIMITED COMPANY.IN THIS PROCESS SOME IMMOVABLE PROPERTY TITLES HAS NOT BEEN CHANGED.AFTER 12 YEARS ALSO THIS PROPERTY DOCUMENTS IS SHOWING PARTNERSHIP FIRM NAME.BUT ALL THESE YEARS PRIVATE LIMITED COMPANYWAS PAYING MUNICIPLE TAX AND CLAMING DEPRICIATION.NOW PLS SUGGEST,WHAT IS THE PROCESS TO FOLLOW TO CHANGE THE NAME IN PROPERTY DOCUMENTS OF THIS ASSETS FROM PARTNERSHIP FIRM NAME TO PRIVATE LIMITED COMPANY'S NAME?.

Dear Experts, as you know that last year income tax site was not working properly, hence we had submitted Form 15CA Part-D manually in the bank.
Now I am trying to file online Form 15CA Part-D for the previous dates but after filing its shows "The proposed date of remittance cannot be before the date of submission of this Form".
How to submit old Forms online as the status has shown "Failure" and showing the above reason.
Income Tax helpline numbers are not responding.
Thanks in advance

MCA Website not working properly for DSC Registration or DSC Updation for many daya. Complaint section also not working. 15th March 2022 is the last date of filing of eform AOC 4 without late fee.

Already emailed to these email id's of MCA Customer Care and other official.

appl.helpdesk@mca.gov.in
crc.escalation@mca.gov.in
ddegov@mca.gov.in
iepf@mca.gov.in
dgcoa@mca.gov.in

Please suggest what to do next??