Hello Experts,

I have received rejection (Sales Return) for original invoice number of FY 2018-19, my query is that how can i issue Credit Note against invoice for FY 2018-19.

I WANT ADVISE FOR LIKE, IF AN INDIVIDUAL SHOPKEEPER (ABROAD) WANTS REMITTANCE AMOUNT AROUND 40 LAKHS INR , THROUGH HIS BANK ACCOUNT TO SOME ONE BANK ACCOUNT IN INDIA, WHAT IS THE LAW OR CIRCUMSTANCES ON THE SAME MATTER / ANY TAX LAIBILITY

I HAVE PURCHASED AN IMMOVABLE PROPERTY FOR RS.90 LACS FROM A SINGLE PERSON AND TWO SALE DEEDS FOR RS.45 LACS EACH ARE TO BE EXECUTED ON DIFFERENT DATES FOR THE SAME PROPERTY.

SHOULD I DEDUCT TDS U/S 194IA @ 0.75% ON THESE TWO SALE DEEDS OR NOT TO DEDUCT AS THE VALUE OF EACH SALE DEED IS LESS THAN RS.50 LACS.

Hi all, ABC Private Limited is dealing only real estate business like only purchase and sale of land without doing any construction activity just like intermediary. After amendment of GST on 01/04/2019 on real estate sector, Is the GST is applicable to this company ?

How can I entered RCM entries.
I have recd a goods through interstate registered transporter and cash paid to his local office which includes delivery charges
Transportation charges 1115-00 + delivery charges 155-00
My GSTR 2A shows two different entries one for interstate and one for local can I entered delivery charges as a exempt purchase under RCM due it is less than 750-00

Dear Sir,

I have made mistake in calculating depreciation while filing with revised ITR for FY 2017-18. and I have intimation u/s 143(1) in which incorrect depreciation is disallowed on 22/05/2019.
I come to notice this while I got notice u/s 245 for proposed adjustment of refund due for FY 2018-19 on 18/09/2020
Kindly guide me how can I rectified FY 2017-18 return and how to stop proposed adjustment in FY 2018-19 against refund.

Interest and remuneration paid monthly to partners allowed in I.t. act by a partnership firm.

We are registered Transporter (GTA). We transport mainly Cement. We carry Cement from Manufacture Factory (Our Client) to Dealer. We make Transport Invoice without GST. The Manufacture paid GST on our behalf on RCM Basis.
Now Our Clint (Cement Manufacturer) orders us for Loading/ Unloading work separately. They asked us to charge GST on our Sell Invoice (Forward Charge).
Our local Lawyer said it is possible they said “if Loading/Unloading Services are included in GTA services and not provided as independent activities, then they are also covered under GTA .If Loading/Unloading Services provide independent activities then they are not fall GTA services”
Now Question is:
1. Whether we charge Tax in our sell Invoice for loading /unloading Services?
2. If yes then what is the Tax Rate and HSN code?
3. Is A GTA can make two kind of Invoice in same financial year – 1.Forward Charge (Loading/Unloading Services) or 2.Reverse Charge (Transportation of Goods by Road)

Sir,

I have a flat (Construction is in Process), I want to sell this flat to my Mother with regular consideration, but in the sale agreement seller is myself self and the purchaser are two one is my mother and the second myself. Now my quarry is whether the consideration amount is applicable for CAPITAL GAIN TAX.

Hi,
My query is as under:

Mr.ABC had mortgaged his residence in Mumbai to a Bank. Upon default the bank took possession and has Auctioned his property by public auction.

Value of the residence as per Ready Reckoner: Rs.3.50 cr
However the bank auctioned the property at much lower value of: Rs.2.75 cr

It is clear to Mr.ABC that he will have to pay LT Capital Gain on this sale. However the Sale consideration for the purpose of Capital Gain should be taken as RR vale (3.50 cr)or Auction value (Rs.2.75 cr).

If Auction value is acceptable, under what provision can he claim this reduction in sale value.

Please advise.

Thank You