The finance minister has introduced the TCS on FX remitttances under LRS and advised all the FX dealers to act and deduct 7% beyond Rs.7 lacs.

In this connection kindly clarify whether if the sale proceeds of a property is duly accounted and filed ITR thus claiming Capital Loss on the property sold. Subsequently if the proceeds are to remitted will attract TCS as there are no tax dues and any liability to the government.

Here the amount to be remittted is tax free amount.

Sir,
It assess friend rs:15 lacs amount transferred my (assess ) bank account credited.if some days after assess rs:15 lacs amount withdrawal pay to friend through on bank mode.
Friend rs:15 lacs amount used for site purchase purposes.
Question:
Assess above mentioned transactions treated in books.

In our NGO we are in planning to procure some fixed assets from overseas. We also arranged one sponsor for it. Our sponsor wanna make direct payment to the vendor but our vendor is not agreeing to issue invoice in sponsor name as he is giving us some discount as we are an NGO.

Kindly advise

Sir,

Please help to share the strategy used by those cleared new course

Dear Sir,
Greetings of the day

In GSTR3B filling for exports with igst payment should we have to mention any shipping bill number or port code and other details. If yes where can i mention it which box. Can we use input credit available in the gst in our gstin no and claim the refund . Kindly guide me.

Regards
Renuka

Hi,

I joined a company in June 2019 and got joining bonus of Rs 2,00,000 with conditional rider of empoyment with the company for 1 year. TDS got deducted for this amount.

I left the company in November 2019. The company adjusted JB with F&F but it still shows in Form 16.

While filing ITR, I reduced the amount of JB from my total salary. I got response from CPC for defective return asking me the reason for TDS refund demand. I replied with information regarding my case with JB.

Now, I got 143(1) asking for tax demand. What should I do?

Sir,
A composite dealer gstr4 annual return f.y.20-21 table 6 tax rate wise outward supplies details not reported mistake filed.amount of tax paid amount f.y.20-21 show in negative liability statement reflecting.if dealer cmp-08 f.y.21-22 first quarter(April to June-21) pay tax amount adjustment from negative ledger instead of cash ledger.(create challan options not enable)
Question:
How to problem receifty procedure

Respected Sir,

ANNEXURE B FOR GST REFUND
===========================
CONVERSION FROM ERP 9 TO EXCEL
==============================
When the ERP 9 data is converted into excel, all types of purchases and expenses reflect as exact as per Tally ERP 9 data but in ANNEXURE B all the Taxable Values are required in one column irrespective of nature of transaction. What to do now?

Pl give GST % HSN 84293120 PSA oxygen plant for hospital

A bearer cheque for Rs. 95000 is issued to an employee of a college for a flood relief programme organised by the institution's teching and non-teaching staff. It is the sum of money they promised to contribute, which would be deducted from their next month's salary. How does the transaction would be recorded in the books of accounts of the college?