I have long term capital gains in equity for FY 20-21 of Rs 3 lakh.
I have brought forward equity long term losses from previous year of Rs 5 lakhs.
Question- For filing returns of FY 20-21, do I have to first setoff capital losses against capital gains? Or can I first take LTCG exemption of Rs 1 lakh and then setoff remaining 2 lakhs gains against prev year losses?
If I first setoff losses against gains, then I am not able to take advantage of LTCG exemption of Rs 1 lakh.
Please guide.

How to edit form 112 in ssp portal?

My articleship registration approval is still pending with RO beacause of form 112 .

Is there any option to edit the form 112 ?
Or any option to delete my application and begin with another !?

Dividend earned from Shares or Mutual funds--or any more
Interest earned from Loans, Bonds or debentures or any more-

In Case of Reversal of ITC under Rule 37 due to non-Payment to supplier in 180 Days whether the Reversal of ITC is added in Output tax liability or In Reversal (Others)

We have a section 8 company with share capital. Its member are willing to transfer its share to another resident individual at fair market value, which is higher than the share par value. How this will be taxable in Income Tax? Is there any exemptions or another exclusions for share transfer of section 8 company. Do you have any judgement for share transfer of section 8 companies.

Dear Sir / Madam,

Form 10 IC was filed for AY 2020-21. Is it required to file Form 10 IC again in subsequent AYs?

Regards,
Suraj

My wife inherited my mothers gold and diamond jwellery after her death. How will she show in income tax return? How jwellery will be shown in balance sheet? Please advise? Will we need to keep any documents?

Hello
I am a yoga teacher, teaching in the space in our big house.
I have a Msc in yoga.
For the income i get should I file ITr1 by considering the whole income minus expenses.... or can i file ITR4 by considering 50% as income under Presumtive taxation.
In ITR4 i dont find yoga as a profession. Only Ayurveda siddha kind of professions are listed.
Please reply.
LivingYogaCentre

Our company (which is in India) provided a loan to the American subsidiary for a period of three years. The interest we are charging on monthly basis.

For adjusting loss/gain against exchange rate, against interest amount we are making necessary provision against unpaid amount.

The loan period is for 3 years, whether yearly we have to disclose the impact of currency fluctuation on the principal amount in our financials?
Also request to confirm procedure followed against interest income is correct?

Sir
My one client is registered contractor with PWD . He is engage in road works contract. For that works contract He has taken GST Registration under regular scheme. So he has to pay GST at 12 % . Now he want to start private labour supply work & for that he is going to open new
another proprietor firm.

I have question that,
1) can he opt new another GST Registration for new another proprietor firm under service providers composition scheme u/s 10(1) of CGST Act ?
2) he will eligible for 6% GST Rate ?
3) Any effect on or of regular GST registration ?

Sir please reply. I am waiting for your valuable reply.