Dear Experts,

Suppose in Assessment year 2018-19 the profit was calculated under normal provisions of IT Act and resulted in a loss of 1,00,000 which was carried forward. (this did not have any unabsorbed depreciation - only normal business loss)
In the next year (Assessment year 2019-20) the assessee opted for presumptive taxation u/s 44AD and this resulted in a deemed profit of 1,20,000.
The question is, can the last year loss of 1,00,000 be set-off against the current year deemed profit (under section 44AD) of 1,20,000.
Thanks in advance for your guidance

1.4.19 To 31.3.2020
Pay 734014
DA 75108
TA 4200
HRA 54624
DA Arre 22618
Total 890564
PF 2500
ST Deduction 16 A 50000
Gross Total Income 838064
80 C 150000
Gross Salary 688064
Limit Slap 500000
Taxable Income 188064
Rat Slap 20 % 37612
UP To 500000 Tax 12500
Taxable 50112
Educ ess 2004
Total Tax Accumalated 52116
Tds Paid 6000
Tax Payable 46116
Tax Descress Solution ?????????

For the Asst. Year 2019-20 due date for filing the tax audit case 31th Oct 2019 extended from 31th September 2019...Therefore, what is the delay in months for calculation of Interest U/s 234 A whether from 30th September 2019 or 31st Oct 2019?
Ex. if the date of filing is 31st Dec 2019 ...interest U/s 234 A calculated 2 months or 3 months?

Sir,

We as our annual turnover is less than 1.5 crores, we are filing GSTR 1 on quarterly basis.
Now, for the 3rd quarter ( Oct to Dec 19 ) can we file the GSTR 1 before 31.01.19 without late
fee ? Pls. clarify.

My client registered in GST as a composition dealer is paying rent 8500 of his shop to shop owner (unregistered ) .is my client have to pay 18 % GST on rent ?
Please give details.
9805884007
Himachal Pradesh

If a trust not taken Registration u/s 12AA or 80G but registered under only Rajasthan Act No.28,1958. we file income tax return but notice u/s 143(1)(a) issued by department and not allowed expenditure incurred by the trust and proceed the return without giving exemption of expenditure and raise demand.
Kindly give us proper solution how to remove demand and proceed the return

Respected Sir,

If the shipments are the effected through the port of Andhra Pradesh, the expenses related with the shipments should also be claimed on Andhra Pradesh GST Number then only then ITC can b claimed.

& if by the way inadvertently bills of the expenses related with the above shipments drawn by the shipping lines or by the shipping are issued to us on Maharashtra GST Number, ITC can not be claimed.

Please guide me & oblige.

DEAR ALL,

CAN A TRADER OF GOLD/SILVER ORNAMENTS CLAIM ITC ON PURCHASE OF CAR FOR HIS BUSINESS PURPOSE UNDER GST?

THANKS & REGARDS
NIRMAL DAVE

DEAR SIR,
MY CLIENT PURCHASE GOODS IN THE MONTH OF AUG 2017 FROM UNREGISTERED DEALER BUT HE HAS NOT PAID RCM TILL TODAY SO WHILE FILING GSTR 9 9C CAN WE MAKE THE PAYMENT UNDER RCM AS WELL AS CAN WE CLAIM INPUT CREDIT UNDER RCM
NEARLY THE TAX AMOUNT IS 1000000

Hello

We are a GSTN registered company paying our monthly lease rent for the premises to a non-GST individual where he does not claim any GST. Is there any way we can pay on RCM (on rent) and claim later the same as a input credit from the GST authority?

Please share your advice.