Hello Sir,
Kindly inform that I(First holder) and my wife(second holder) hold joint savings acct. If I give gift from this joint account to my real sister then any tax implications on my sister as it is joint account with my wife. Can I execute gift deed and state that this gift exclusively made from my fund. Please guide. Thanks in advance.

Dear Sir

We have purchased Ebike for business purpose. Can we Claim ITC on ebike
Please suggest

Hello Experts, I am facing an issue, while replying to a notice on Compliance Insight Portal, i have filled all the mandatory fields like Response/Remarks, uploaded needed documents, when i click on Submit button, I get a pop-up window says Info "undefined", only button available in this window is "Ok" button, as soon as we click on ok, we are back to Response Submission page. Apart from not able to submit response , nothing happens. Already opened Grievances & tickets on Compliance & Income tax portals but nothing helped till date. Its already couple of days gone with same error msg.

After clicking on generate jason file , the ITR4 UTILITY for fy 2021-22 is showing that the file is saved in a folder , but the filder is not showing that file.
Please guide

Notification No. 78/2020 – Central Tax dated 15th October 2020 introduced new HSN disclosure norms with effect from 01st April 2021 as follows—

Aggregate Turnover in the preceding Financial Year

No of Digits of HSN Code

Below Rs 5 crores 4 (Not required for B2C invoices)

Above Rs 5 crores 6

Taxpayers whose turnover is less than Rs. 1.5 crore are also required to mention HSN code in invoice issued w.e.f. 01.04.2021. However as per proviso of notification No.12/2017–Central Tax] Dated: June 28, 2017 quoting of HSN code is not required in case of B2C invoice.

HSN requirement is applicable on issuance of Tax invoice only. Therefore, in case of composition dealers and sale of exempted goods, there is no requirement of mentioning HSN code as bill of supply is issued in these cases instead of Tax invoice.

1. We have generated Tax Invoice last month
for Renting of Machinery i.e Oct
2022. However our main business is Sale of
Bolt, nuts, belt, and wallet etc. In this case
do we need to generate E-Invoice for 'rent of
Machinery' too.
2. In case of yes, we have already filed
GSTR-1 returns for Month of Oct 2022 in
Before due date only, by adding those 2
invoices related to Rent of machinery by
manually in returs.

what are the options I have in 2nd case, kindly guide me.

Dear Sir,

With respect to above mentioned subject line request you to kindly let me know whether to which kind of Income Tax & GST returns shall an Accountant needs to be filled for an entity on regular basis. Also, request you to kindly let me know the difference between E-Way Bill and E-Invoicing are both mandatory for GSTN holders.

Warm Regards

Sir,
A registered composite dealer purchase of goods from another registered dealer value rs:35,000/- dt:10-7-22 rs:28500/- dt:12-06-22 show in dealer gst portal.but dealer original invoices not received.
Question:
Dealer above two invoices transactions show in books compulsory or not compulsory

Hi please send the Cement and steel trading project report format..

At New Web Portal a demand of AY: 2006-07 is being shown all of sudden under showing details such as--
03-Feb-2009 Date of Demand Raised
Section Code : 143(1)
Rectification Rights :
Mode of Service :

Such information was not being displayed before on Old Web Site.
In this case no notice/order/information was ever given by ITO/Department. No Rectification Rights and mode of Service are also being shown.

Now the problem is that no record (Account Books, Copy of ITR Filed, Copy of ITR filed Acknowledgement etc.) is available. Being this a very old case.

It is requested to kindly guide how to solve the matter and take up it with Income Tax Department.