In partnership firm there are three partners and theirs profit sharing ratio are
A-50%
B-40%
C-10%
and
TDS Receivable for FY 2020-21 Rs 40,00,000
TCS Receivable For FY 2020-21 Rs. 10,00,000
Advance tax Paid For FY 2020-21 Rs, 20,00,000
Total Rs. 70,00.000
Now my question is that i can pass journal entry on dated 31.03.2021
as bellows
A capital Account Dr-35,00,000
B Capital Account Dr-28,00,000
C Capital Account Dr.-7,00,000
TO TDS Receivable Rs. 40,00,000
To TCS Receivable Rs,.-10,00,000
To Advance Tax -20,00,00
are journal entry passed are true or false.
Please reply

We are doing export under advance license without payment of IGST. Our product produce 10-15 item in which 40% items are import under advance license without payment of IGST.
Can we gate file GSTR01A IGST refund export under advance license without payment of IGST.

Please suggest

My brother works in one of the US MNCs in India. He holds some US stocks given by the organization he works as part of his CTC. He has earned some money from dividents on these stocks. He wants to transfer ten thousand USD this year as a gift to my US bank or trade account in US so that i can start investing in US Stocks. Both of us are residents and citizens of india staying in bangalore.

1. Now do i need to pay any tax in india as it is a gift from him. (even though the transactions are in USA).
2. is it legal to transfer money to him in india while he transfers equivalent money in USA

Thanks in advance for your help

I have observed an demand unattended for AY 2010-11, demand was due as TDS has nor been considered in 143(1), wrongly by I.T. Department. Further most likely my consultant has not paid due attention to 143(1), and not filed Rectification U/s154. Now time limit for 154 is 4 yrs and my case is more than 10 yrs old. I have in my possession 26 AS showing TDS which has not been considered by department. Presently Income tax site not showing AY 2010-11 in "View Filed Return".
What should I do to rectify mismatch and avoid penalty and interest.
Your suggestion is solicited.

Dear Sir/Madam

1. Service Provider - Registered person (gives GTA services)
2. Service Receiver - Registered person (receives GTA services)

Question:
1. In this transaction who is liable for GST ?
2. Whether this transaction exempted by virtue of Notification No. 12/2017- Central Tax (Rate), dated 28th June, 2017 ?

Please provide us the valuation opinion

Thank in Advance.

While uploading MGT-7A form I made a error , Paidup capital of my company is 200000 but unfortunately in form MGT-7A I interned 2000000
So after filling MGT-7A my company's Paidup capital is showing as 2000000

Please guide me to correct it.

The assessee got a notice u/s 139 (9) on 12/11/2019 for asst year 2019-20. Response due date 31/03/2021. But reply not filed by the assessee. Now it is mentioned as defective return.
Now the assessee wants to file rectification. Can the experts kindly guide me to rectifify this defective return please

WE CLAIM INPUT 120 IN 3B (2020-21) LATER WE KNOW WE CLAIM EXCESS RS 20 (AS PER OUR BOOK INPUT IS 100) ITC AND WE REVERSE THE SAME IN MAY 2021 (2021-22). NOW AT THE TIME OF ANNUAL RETURN TABLE 6b HOW MUCH AMOUNT I FILL 120 OR 100. I ALSO DECLARE THAT 20 RUPEE IN TABLE 13
PLZ SUUGEST TABLE 6B AMOUNT 120 OR 100

PARTICULARS IGST SGST CGST
OP. ITC 0.00 0.00 0.00
ITC JAN'22 600000 23000 23000
TOTAL ITC =====> 600000 23000 23000

OUTWARD ITC 110000 280000 280000

IF TELL ME HOW MUCH I HAVE PAY IN THE ABOVE CASE ON AN URGENT BASIS

What is the due date for filing Form 10IE for assessees having business income?

Can it be filed now for the asst year 2021-22?

Can the experts explain please..