One firm has not paid RCM pertaining to the financial year 2018 - 2019, How to solve this?
Party will pay the RCM. I wanted to file GSTR9, GSTR9C is not applicable as the taxable value is less than Five Crores

R S Sai Kumar
9246881884

I donated Sum Of Rs.5,000/- in chief minister relief fund assam for previous year .
where to claim deduction
1. 100% without any qualifying amount
2. 100% qualifying amount
3. 50% without any qualifying amount
4. 50% with qualifiying amount

I am having a problem regarding GST applicable for in the scenario of old gold exchange with new ornaments.
Example
A gave 12 grms of old gold say the value is 30000.
A purchased 20 grms of new ornaments of Rs 60000
How the GST should be calculated 20 grm -12 gm =8 GRM =(14000+making chg 4000)*3%
or
The GST will be charged on the total value of 20 grms

kindly reply

On what date is the import bill accounted in books? Is it to be accounted on the date of commercial invoice/ date of bill of lading/ date of bill of entry and accordingly which exchange rate to be recorded? No advance payment has been made against the same. Capital item is purchased and CIF Contract was there

In my case, the date of commercial invoice falls in one accounting year and the date of bill of entry falls in another accounting year? In which year do I account for the capital item purchased?

MY FRIEND HAD THREE PROPERTIES (TWO HOUSE AND ONE SHOP).FIRST ONE IS IN WHICH HE IS LIVING WITH HIS FAMILY, SECOND ONE WHICH IS VACANT AND THIRD ONE IS SHOP WHICH IS LET OUT.NOW AS PER NEW RULE WE CAN DECLARE TWO PROPERTIES AS SELF OCCUPIED PROPERTY.SO MY QUESTION IS

1.IS THERE IS ANY NEED OF SHOWING THESE TWO HOUSE PROPERTIES IN INCOME TAX AS THERE IS NOT ANY TYPE OF LOAN ON THESE PROPERTIES?
2.IF SHOP IS LET OUT ,WE CAN SHOW IT UNDER HEAD "INCOME FROM HOUSE PROPERTY " OR SOME OTHER OPTION IN ITR?

Skipping an attempt counted or not???

Need expert help regarding the matter.

I completed 5 years with a company and joined new company. Got the PF transferred to new firm. My question is:

1) Can I partially withdraw the PF amount for renovation work?
2) Will it be or shall be treated as PF loan and has to be repaid?
3) What is modus operandi for the same.

Any help will be greatly appreciated. Waiting for responses from the experts.

Good evening.

I purchased a house which is under construction. I availed home loan from bank and paying EMIs. There are some posts on the site but are not clear enough to me. Hence, posting the question.

My question is:

1) Can I claim the benefit of "Interest payable on borrowed capital/Loss from house property"?
2) What is Section 24 of the act? Does it say that I can claim the benefit only if the possession of the flat is received within 3 or 5 years from the end of year in which home loan was taken?

Please clarify. Any help will be greatly appreciated.

Dear sir,
I have small doubt about cash transaction limit on sales & purchase , receipt, payment

Is cash receipt limit upto 200000/-???
what is cash purchase limit ???


Thanks in Advance

madhu M

Dear Sir

In order to save capital gain tax on sale of residential property, do we need to reinvest entire sales consideration or only the capital gain amount of the sale value to buy another already constructed residential property within 2 years of sale. Pl advise. Thanks..