Dear Experts
At the time of filing income tax return it was observed that 2 lakhs sales was not included in GST returns for FY 2020-21. But the same has been included as Nov 2021 turnover by Mistake and the GST was also paid

How to rectify the GST figured for both the years?By GSTR 9? Should we pay any additional amount again?

Dear Sir/Madam,
In 2020-21 my turnover was below 2 Crores. Is compulsory to file GSTR9? Please guide me.
Thanking you
D.Ravichandran

Sir,
One of the it person cash withdrawal family expenses and hand loans to friends rs:8 lacs payments through on bank mode account (Google pay and phone pay and imps modes ) pay one financial year.
Question:
A person family expenses rs:3 lacs remaining balance amount rs:5 lacs cash withdrawal transactions cash in books treatment account entry passed in books accepted .

Dear Sir

Our company is registered under the ESIC & PF ACT in maharashtra
We have taken work for Electricity Earthing in our factory, for the this work we have received bill from contractor labour + material cost including.

whether we have to pay the ESIC on his bills or not.



Please help to understand the same

Dear Sir/Madam
We are running palm oil plantation, manufactures of Crude palm oil and our CHA agent cum Transporter raised CHA Service bill with IGST for Imported Sprouts , which the product is exempted under GST.
Can we eligible to take input for the above case.

Sir /madam.Actually i registered my articleship on 11th march 2020 .but I actually started my articleship on Feb 9th 2021.i actually served only 11months.Now I want to discontinue ca course due to financial problems.But my principal is not signing form 109.so please help me with your knowledge in this regard.

Hi, I need a clarity on incometax calculation query ?
NaveeN is a resident individual investing in equity shares . He invested 1 lakh each in 5 diffrent equity stocks. After 1 years he sold all the stocks with 50 thousand profits in each stock sold.
Stock A - 50000 profit
Stock B - 50000 profit
Stock C - 50000 profit
Stock D - 50000 profit
Stock E - 50000 profit

Question 1 : Whether he should need to pay LTCG tax, because in each stock he got profits 50k, not exceeding 1 lakh?

Question 2 : If he need to pay LTCG on total Profits means , first 1 lakh profit is tax free ? 1.5 lakh is eligible for LTCGT?

Question 3: His net salary annual income is 6 lakhs. After paying 10 % LTCG tax on profits ( 15000 tax on l.5 lakh profit) remaining 1.35 lakh profit income should be included in other income? He needs to pay income tax for 6 lakhs or 7.35 lakhs ?

Question 4: what is the net tax he needs to pay?

HOW TO CONVERT TALLY 7.2 TO TALLY ERP 9 PRIME
=======================================
How to convert Tally 7.2 Data into Tally ERP 9 PRIME

PLEASE GUIDE ME AND OBLIGE.

Dear Sir / Madam
Assessee is Partner in Partnership firm and having Income Partnership firm and other Interest Income. During the FY 2020-21 Assessee had Debit Capital Balance in Firm so assessee has Interest exp which is more than salary received to firm and salary and profit from partnership firm. Due to this Assessee has Business Loss which is set off against other income in computation. But while filing the Return error comes " Tax payer has loss from business and no P&L and BS not filed in Part A and has not got books of account audited.
But Assessee has no business other than Share of Income from Partnership Firm only.

Sir,
Suppose we intend to sell I(One) office Rera Carpet Area 31.26 sq mtr [ 336.48 sq ft]
to Mr.Z for Rs 1,00,00,000/-.
Besides the above agreement, we collect the following amounts before giving possession
of the said office
1) Legal charges for preparing/endorsing the agri etc ........ Rs 20,000/-
2) SocietyApplication & Share Money...................................Rs 1,000/-
3)Soc Formation chgs...........................................................Rs 20,000/-
4) Electric & water Meter Deposit .........................................Rs 20,000/-
5) Advance Maintenance (336.48 x15x12) ...........................Rs 60,566/-
6) Advance Property Tax (336.48x 21x12)............................Rs 84,793/-
7) GST 18% on item No. 1 to 5 ............................................Rs 21,882/-
8) Betterment charges (336.48 x 25) ....................................Rs 8,412/-
----------------
Total Rs 2,36,653/-
==========
PS: Adv Maint (Item No.5) & Adv Prop Tax (Item No.6) will be adjusted in future
Soc Maintenance charges Bills.

He (Mr Z) has paid the following payments to us without TDS (since we are paying TDS on his behalf)
1) Advance ....... Rs 40,00,000/-
2) GST 12% .......Rs 4,80,000/-

Clarification required on foll pts.
1) Whether TDS on Property is to be calculated on Agri Val Rs 1 Cr or Rs 1,00,82,882/-
(Agri Amt + Item No. 1to 3 & Item No. 8)
2) Before registering the agreement if TDS on property on Bal Rs 60 lacs ( ie Rs 60,000/-) is paid on
behalf of Mr. Z & debited to his a/c, is GST payable on TDS Rs 60,000/- debited to Mr Z A/c (ie Rs 7,200/-)
Kindly give your advice.