Dear Experts

For AY 2022-23 I had b/f LTC loss of 50000
In AY 2022-23, I had LTCG of Rs 14000 and Speculative loss of 2500
So erroneous, I Adjusted the same and took set off of LTCG of rs 11500, which was available for set off against b/f loss

Now ITDpt , disallowed Specualative loss adjustment of Rs 2500, so they took LTCG of 14000 , but allowed set off of Rs 11500 b/f Capital loss , since adding 2500 to my income

I filed rectification return , taking set off of rs 14000 ( as was available b/f LTC loss )

But Income tax dpt replied
Under Section 154 of Income Tax Act 1961, rectification application can be filed only tocorrect mistakes apparent from records. In this case, fresh claims of BFLA is being made inthe rectification application, which is not a mistake apparent from records. Hence yourrectification request cannot be entertained.

How to explain Department that set off could be taken to extent of available capital gain.In fact they should have allowed in 1431A , full set off as they were aware of B/f capital loss

Thanks & regards
Yashesh Gala

How to add Warehouse details on DGFT PORTAL?

Dear Experts,
1 A company is purchasing the drinking water in three types.
a. Type 1 : As a tanker lorry load.
b. Type 2 : As s unpacked cans.
c. Type 3 : As a packed cans
2 Query:
GST implications on these types?

Dear Sir,

We have hired 6 seater car for our company for Rs 2000/- including fuel from unregister person.
This Car is used for our auditors.

My Question is how much minimum reverse charge we can pay for this hiring. Is it possible to pay 5% Reverse charge and in this rate of reverse charge cenvat credit is allowable?
Pls advise.
Regards
Motilal

Dear Experts,

1 A company purchases a car for buisness purposes, which sale value is more than Rs 36.00 L.
2 This sale consideration consists of Ex Show Room Price, Road Tax,Insurance, handling charges etc.
3 Dealer collects 1% TCS from EX-showroom price.
4 Query is:
Whether the dealer needs to collect the TCS at 1 % on Ex-sowroom price or inclusive of all the charges as mentioned above

Respected Sir/madam, I have received security service from a unregister organization, Should i pay RCM on Paid of Security amount. Kindly Suggest.

HI
How the income received from trading of shares is calculated and taxed for income tax.in both cases short term as well as long term capital gain. What is the tax rate applicable in both cases

CAN COMPANY TAKE ITC ON EVENT BILL FOR BUSINESS PROMATION.

Dear Expert,

I request yourself to provide me the GST rate applicable on Air Freight in Export and Import shipments and type of GST i.e CGST + SGST or IGST.

Thanking you,

I HAVE FILED PTM 03 FOR RE-CREDIT OF DISALLOWED REFFUND , HOW TO CHECK STATUS OF SAID BALANCE.