Traders and Service Providers were urged to file Annual Return for the year 2017-18 within a short span of time from the date of provision of
"Online Return filing facility" in GST Portal. Now for the year 2018-19, time limit to file Annual Return is 31.03.2020.
I thought of starting analysis to file GSTR-9 for 2018-19 for a Service Provider somewhat early but was astonished to find that GST Portal is not permitting/ moving to sub menus to prepare GSTR-9 online for the year 2018-19. I could not digest the hardships GST Department is giving to medium and small level merchants and service providers.
Experts have to convey such things to the GST Department.
-Ramaswamy.T

Hai dear Ones Good evening.
My cousin is going to sell his property(Land) which approx value of 45 lakhs which bought at 10 years ago for 5 lakhs.He will utilize the money for constructing of a building which land is on his wife name.
His son is having a building which bought with 18lakhs loan and 12 lakhs his own fund.
Can the father said that profit of the sold property is cleared his son Loan for tax deduction.
Pls guide me n suggest me how much of capital gain tax(maximum) may be impose with the above Values.
Thanking You All.

Hi

For Resident Individual below 60years of Age , if Income for FY 2019-20 is below Rs 5 Lakhs but above Rs 2.5 Lakhs ( Including Short Term Capital Gains from Sale of Equity Shares & Mutual Funds u/s 111A )

Will there still be any Tax Liablity as income u/s 111A is taxed at special rates.

Dear Sir
My client is builder having business of construction work.In addition to this business also doing share trading business through Brokers. in the financial year 2019-20 my client suffer loss of 2.36 cr due to fraud of employee & Brokers.They sold shares and transfer sale proceed in to a bank account fraudly opened in joint name of client and other person in one of the cooperative bank.In this year the client having Short term capital gain income and interest income on income tax refund.
my question is whether my client can set off the loss suffered 2.36 cr against interest income , business income and short term capital gain income.This loss is incidental in nature due to fraud. it is not a trading loss.
please give the expert opinion .

WE ARE PARTNERSHIP FIRM, AND WE DONT HAVE ANY TRANSACTION FOR AST. YR. 19-20, BUT WE HAVE TDS U/S.194LA, , TOTAL AMOUNT CREDITED - 975128.00 AND TDS-97513.00 BY SPECIAL LAND ACQUISITION OFFICER (RAILWAY HAVE TAKEN OUR LAND)
I HAVE CLAIMED THIS AS REFUND BUT NOW DEPARTMENT HAVE ISSUED ME DEFECTIVE NOTICE AND THE REASON IS 'THE GROSS RECEIPT ON WHICH TAX HAS BEEN DEDUCTED ARE TO BE ENTERED IN SCHEDULES UNDER THE RESPECTIVE HEADS OF INCOME AS THEY ARE ASSESSABLE IN THE YEAR IN WHICH THE CREDITS FOR THE TDS IS BEING CLAIMED'
PLEASE HELP ME IN THIS REGARDS ALSO LET ME UNDER WHICH SCHEDULE THIS FIGURE SHOULD BE MENTIONED

I want to donate fund from my propriator account
Have need to pay any income tax on donated amount?

Sir,

One of my friend is running a Proprietory concern and his annual turnover for the year 2017 -18
( Jul 17 to Mar 18 ) was less than Rs. 1 crore. As such, he says, he has not filed the GSTR 9 -
annual return, since it is optional to file annual return, if the annual turnover is less than Rs. 1.50
crores for the FY 2017 - 18. Is there any such option? Kindly let me know the section under which
such option has been granted.
If not, what is the corrective measure for him ?

Pls. advice.

Respected Sir / Mam

If my gross total income before all deduction in 9,20,000/= how could I save tax to make my taxable income upto Rs.500000/-

Profession tax 2500
Std Deduction 50000
80C 150000
Home Loan Int. 200000
total 402500

what else deduction would i get?

Hi,

I wanted to understand, which is less income tax deduction, Consultancy services or On role job services ?

For eg. I have been paid Rs.50,000 (plus GST) as consultancy charges to me as a consultant or a job holder ?
Since for a given eg above, for consultancy services TDS may be 10% while for job it is in 3 slabs of 10, 20 and 30% and benefits of tax savings is also separate for both.

Please give me a general and approx. ways and which is more beneficial ?

Thanks and Regards
- Hari

There is company which obtains raw materials from outside India (Country A) and exports the finished products to other countries (Country C).

In between, the company sends finished products to country B for testing purpose and gets them back to India after testing.

Now the doubt is, what is the treatment for this re-importation of tested finished products ?

What are the applicable Customs provisions ? Is the import duty required to pay ?