Our client is a cooperative society engaged in manufacturing tea from bought leaf and then selling the finished product.
1.Is it eligible to take deduction under section 80P?
2.If the cooperative society incurr loss, then how to apply section 80P?

I HAVE FAILED TO FILL B2C DETAILS IN GSTR 1 FOR THE PERIOD 2019-20 OF WHOLE YEAR. WHAT SHOULD I DO TO CORRECT THAT ERROR, PLEASE HELP.

Sir,
How much amount capital and cash on hand introduced shown in balance sheet first time I.t. return filing under I.t. act for proprietory concern.

A LLP has taken loan from 2 partners. Now the business is not working and LLP needs to be shut down.
But there is no money to pay back partner loan. The loan amount was capitalized over the years.
Can LLP close without paying back partner loan?
Can LLP write off partner loan and then close?
What is the process in such a scenario?

Dear Sir,
I want to know that at the time of filling GSTR1, Does HSN Code include value of advance receipt ? For Example, I sold material for Rs. 1,00,000/- under HSN 1234 and from a new party I received advance for Rs. 10,000/- under same HSN.
So what value will be filled in HSN code detail, will it be Rs. 1,00,000/- (Actual sale of material) or Rs. 1,10,000/- (amount including advance) ?
Please make it clear.

Hi, I Have a Question
A partner purchase Car And their Emi Paid in Company Account Interest Entry pass or not ?? Any Partner Reimbursed Interest Exp in their personal Income Tax return?? If Interest entry does not passbook of account ledger not match please give Suggestion for that.

Thanks In advance

Dear Sir/Mam,
Please make me clear that under which section Income from commission from sale of property will be taxable ?
Further, If I want to file return under presumptive taxation, then will it be taxable under 44AD or 44ADA ?

[18/06, 09:18] Kamalmrin: Goodmorning sir.. Need your guidance. One of my client is engaged in the business of manufacturing socks. He bought yarn @12% and output was taxed @5%. For FY 2017-18 and 2018-19, I applied for refund under inverted tax structure in January 2020 and refund was issued by GST deptt in Feb 2020. Last evening, I got call from gst officer that refund upto JUN 2018 was issued by deptt erroneously coz as per below notification refund from JUL 2018 onwards in allowed on knitted fabrics. Pls could you guide me how to proceed here.
: Your guidance will help me proceed further as it could be difficult to explain the same to client and reverse the same by making payment to deptt

Dear Expert,

1. An individual takes personal gold loan of Rs. 10 Lacs. The bank transfers the gold loan money in his savings account.
2. Now he incorporates a OPC with paid up capital of Rs. 5 Lacs.
3. He transfers Rs. 5 Lacs from his saving account to company current account for paid up share capital.
Query: Is there any restriction on this source of share capital?

Dear sir/madam i want to file a request for correction for the FY 2013-14. in that my challans status are as follows
challan tax paid Tax claimed status
1 229275 142275 matched
2 112000 56000 unmatched this is wrong challan entered (only 2 challans in that quarter)
3 200075 200075 matched

i want to move deductee from challan no 2 to challan no 1. it say there is no challan having available balance to move dedutee.

thank you...