Dear Sir,
Can we claim ITC on Purchase of misc. goods for Free distribution to our distributors?

Dear Sirs,
If we rise Residential unit invoice with rcm we have to pay the tax or we have to rise simple invoice with all details with narration with reverse charge applicable.
Thanks in advance,
K.B.Nagesha Rao.

Dear All,
The state jurisdiction was wrongly selected while taking GST registration. The error appeared after the GST approval. Can I rectify this mistake and change the state jurisdiction now?
please guide me in this matter,
Thnaks

A property in possession of 1997 of Rs. 49 L sold on Mar 22 at Rs. 51.50 L arising a LTCL of Rs. 5.60L ( as per indexation available). Assessee further bought another property in Mar 22 (same month after the date of sale) at Rs.66 L. How to show the property purchased in income tax return (as it is appearing in TIS of income tax authority) as there is no capital gain which is reinvested. Please advice. Thanks in advance

X is a SALARIED PERSON. He does F&O Trading whose T.O. is around Rs. 10 lakh only during his free time.

For FY 2021-22 he got loss of around Rs 1 lakh due to F&O Trading.

He has 2 options, to the best of my knowledge -
Option 1 : Disclose his F&O Trading result of net loss and get himself tax audited so that he can carry forward it.
Option 2 : Choose presumptive taxation and declare 6% as income.

Is there an Option 3 wherein does not disclose anything about his F&O Trading since it is a loss anyway?

Our company has received goods from US, with terms of custom duty paid by exporter.
Please confirm that in this case Bill of entry not issued/required by customs.

My relatives(Wife & Husband) having Joint Bank Account and they have Fixed Deposit in that Bank Account, In case of Joint Bank Account Interest on Fixed Deposit and Saving Deposit should be shown as income from other sources in Wife's ITR or Husband's ITR or in both the Income tax return. Please help

The assessee has depoisted an amount of in Capital Gain account he has purchased a plot and the amount of paid out of Capital gain account, now he has completed the construction from his own funds and has not withdrawn the funds from capital gain account for construction

My Query is do we have to mention the amount utilized from Capital gain Account in coming years for construction of house in Income Tax Return.
Was there any extention for time for Utilization of Funds from Capital Gain Account due to Covid

If one has income from both normal business profit >8% of T/O and also F&O profit >6% of T/O. How to show them in ITR3 under presumptive income. Also note the normal business is under composition scheme of GST. Also what is to be selected for Trade name in case of F&O trade.

I am working in a private company and can claim 1200 under CEA.
My wife is working in Delhi government and is entitled to claim tuition fee reimbursement of 27,000 (total tuition fee of 45,000) under CEA.

Can we both claim CEA for same child? I am in private claim 1200 per year and my wife working in Delhi government can claim 27000? (total tuition fee paid is 45,000 for year)