I have normal business income as well as Fno income...so if i report both in business income u/s 44ad then my GST turnover and income tax turnover will be mismatch..

I have to combine turnover of normal business and Option trading while reporting in 44AD..What to do..? How to report..?

Sir, I filed income tax return for AY 20-21 in Dec 20
Still i have not received refund for the same.
i checked the online portal of nsdl and it showed a message that the refund has not been credited to the refund banker by AO.

kindly mention the procedure on how to escalate the issue.

thanks in advanace

Dear Experts

Kindly advise we have given the Corporate guarantee to our Sister concern company for getting loan.

The GST on the above transaction is applicable and if applicable how to calculate taxable value and rate.

How to do accounting of Investment in PMS?

How to calculate tax in case of partial withdrawal from PMS?

Can Society ask for money during the pandemic. they have ended up burdening themselves with lift repair,

now they want to get a new water supply line and the are asking each member to pay 12500. But as it is a pandemic situation it is difficult for people to pay.

What needs to be done

•Relaxation in the interest rate is provided for March & April 2021 GSTR-3B Returns. Kindly refer the table below:

Taxpayer having T/o more than Rs. 5Cr in FY 19-209% for first 15 days and 18 % thereafter from the due date.
Taxpayer having T/o upto Rs. 5Cr in FY 19-20 Nil for the first 15 days, 9% for next 15 days and 18% thereafter from due date.
Taxpayers who are liable to furnish return under composition scheme / QRMP scheme.Nil for the first 15 days, 9% for next 15 days and 18% thereafter from due date.

•No late fees to be levied for filing GSTR 3B for March & April 2021 GSTR-3B Returns. Kindly refer the table below:

Taxpayer having T/o more than Rs. 5Cr in FY 19-20.15 days from the due date of furnishing return
Taxpayer having T/o upto Rs. 5Cr in FY 19-20 or opted for QRMP scheme.30 days from the due date of furnishing return

•CBIC extends due date for filing GSTR 4 (Annual Return for person opted for Composition Scheme) for FY 2020-21 till 31st May, 2021.

•CBIC extends due date for filing GST ITC-04 for the period January to March 2021 till 31st May, 2021.

•GSTR-1 due date for the period April 2021 extended to 26th May 2021.

•IFF due date for the period April 2021 extended to 28th May 2021.

•Rule 36(4) shall apply cumulatively for April and May, 2021 in GSTR-3B Return for May, 2021.

•Companies incorporated between 27/04/2021 to 31/05/2021 are allowed to file GSTR-1 / GSTR-3B / IFF through electronic verification code (EVC).

•Return Calendar facility has been enabled on the dashboard of GST Portal wherein one can see the filing status of last return period.

•Rate of Tax Tab has been enabled in Table No. 12 (HSN Wise Summary) in GSTR 1 Return.

Sir,
Sec 68,69a,69c override the provision under section 44ad of the it act.

Can a son of Proprietor continue GST registration in case of death of a Proprietor

Dt: 07 May, 2021

Dear Sir,
I have a query relating an E way bill.
My question is that is e way bill mendatory to generate if we sell good to inter-state recipients where bill amount is less than Rs. 50,000 ?

(2) My second question relating an e way bill is that is e way bill mendatory to generate if total invoice value is less than Rs. 50,000 and total distance is more than 50 Km. ?

I hope my query will be solved soon.
Thank you for providing as such valuable knowledge.

Hello experts
I have appeared in CA final January 21 exam
And applied for soft copy of answer sheet under RTI act.

I have applied on 5th April 2021..And still I have not received my answer sheet copy...
It's more than 30 days so what I have to do now?
Guide me as soon as possible so I can take further steps to get my ans sheet.

Thank you in advance.