Hai Dear Friends Good Evening.
One Of My Client Who Is working as consultant In an MNC.Now While filing his income tax Returns In Form 26as we find out that SFT Transaction Of Approx 13lakhs For Credit card Payment.
Kindly Share Your Valuable Advise Weather Is It Disclosed While Filing Income tax Return Or Any Special Treatment For the above mentioned Transaction.
If Need to be Disclose under which Transaction It show?
Kindly Guide Me For Further Process.
Pls Elaborate If Possible Regarding SFT Transaction.
Thanking You All.

We have given our plant and machinery on lease for a period of three years as per lease agreement. The amount paid by renter to our company is being shown as rent paid in the books of accounts of the renter but in our books of accounts is being shown as COMPENSATION. Whether is allowable by the income tax department to shown rent received as COMPENSATION.

we going to file the income tax return partnership firm For the FY-19-20.

total turnover. 1,12,00,000
profit @7%. 7,84,000
remunatration 3lakh per partner. 5,60,400
total income. 2,23,600
30% tax. 67,080
4% cess. 2,683
tax payable. 69,763.

please tell me how to save the income tax

A gst registered regular scheme dealer purchases of goods april-2020 Input credit claimed shown in gstr3b .but selling supplier goods shown in gstr1 July -2020 upload.
Question:
Dealer input credit claimed shown in April-2020 gstr3b eligible in gst act.

how much rent paid is tds free

My question are
My Company registered under GST In Delhi and my company employees go to Mumbai can Avail input for the following expenses . please reply according to section.
(1) GST charges for Cab service services.
(2) GST Charges on air flight Ticket.
(3) GST on room rent paid
(4) GST on fooding
Please reply this question.
( 2)

Hello All,

I am incorporating a Pvt. Ltd. in which one of the directors in NRI (having PAN).

Please help me with documents to be obtained and process to be followed.

Thanks in advance.

Dear Sir/Madam,
As in my tally having a rs.10000 in dr. But as per GST portal having rs.5000dr. as 1st april 2019 so difference amount of rs. 5000 how can i adjust as the audit report has been submitted by our CA. plz advice me for rs. 5000excess amount in tally.

Our company has been awarded a contract to Supply, Install, Test and Commission (SITC) Audio and Video (AV) equipment at a club.
Since it is related to immovable property and involves provision of both goods and services, it will fall under Works Contract which is treated as supply of service as per Schedule II.
However will it be a continuous supply of service?
“Continuous supply of services” means a supply of services which is provided, or agreed to be provided, continuously or on recurrent basis, under a contract, for a period exceeding three months with periodic payment obligations.
Our service is under contract and it will take more than three months to supply and install all the AV equipment. Payment is also split being; 50% advance, 25% on installation and 25% after final commissioning.
However, service is not recurring. Will it be considered to be provided continuously?
Whether or not it is “Continuous supply of services” will help us to determine when to raise invoices.
Thus, is SITC “continuous supply of service” under GST?

Hi I have purchased a flat in Feb 2019 for 31lacs paid stamp duty & registration fee Rs 2.43 and sold the same flat in April 2019 for 64 lacs. Please help me in calculating the capital gain