Dear Experts,

Suppose a person is filing his IT return for the first time and he has made a withdrawal of PF in the Previous year exceeding Rs. 50,000 /- and TDS @ 10% has been deducted at withdrawal.

Can he actually claim the amount of TDS as refund by including the EPF employer's share and both the parties interest as income and excluding the contribution made by him as he has not filed his income before and there is no way he would have claimed exemption U/S 80C?

Thank you

I have a client who is non resident for AY 2019-20. I want to know what do we out jurisdiction of resident as he has resident visa of qatar. So juridiction will be qatar or UAE? The second what is TIN of the residence. Were will i get that? Please help

We have wrongly availed ITC Rs. 87050 in the m/o July-2017 as IGST instead of CGST & SGST.
And the same is not rectified till today. Should we rectified this transaction in GSTR-9 or any
other correct way to rectify.

Kindly guide me how to treat this wrong transaction.

Regards,

Rakesh Sharma

Dear Sir/Madam,

We have issued some credit notes including CGST,SGST to dealers in 2017-18.For Example taxable value 5000, CGST 300+SGST 300, but we have issued credit note for 5600/-. Where we have to show the same in GSTR9.
Please advise.

Thanks in advance

Dear Sir/Madam,
We have received expiry goods from our dealer in August19 and we have to pass a credit note for the same now my doubt is whether we have to pass credit note for full amount of 11,200 or for instance goods returned by a dealer taxable value10000+CGST 600, SGST 600; please explain with example.

Thanks inadvance,
Gururaj M

I have work 3 months in UK for FY 2018-19 and 9 month in india . in UK income is Tax free or need to pay tax in india .in UK tax deducted as per rule of UK income tax . please assist .

DEAR SIR KINDLY HELP ON THIS
MY CLIENT INCOME FROM
1.SALARY IS 1200000.
2.CAPITAL GAIN FROM STOCK MARKET.

SPECULATIVE EQUITY GAIN = 40220
SHORT TERM EQUITY LOSS = -290280
LONG TERM EQUITY GAIN = 110552
SO TOTAL LOSS IN STOCK EXCHANGE IS 139508..

ON THE OTHER HAND
HE RECEIVED DIVIDEN FROM EQUITY TRADING AS ABOVE IS 110520
AND FROM MUTUAL FUND IS 296600.

NOW QUESTION IS

1. AS PER READING SPECULATIVE GAIN ON INTRA DAY WILL BE REPORTING IN BUSINESS INCOME AFTER DEDUCTING EXPENSES RELATED TO.ITS BUSINESS INCOME?
2.SHORT TERM AND LONG TERM GAIN LOSS IS EQUAL TO -179728..(-290280+110552).. UNDER CAPITAL GAINS.
3.AND DIVIDEND FROM TRADING OF SHARES AND MUTUAL FUND IS 407120.IS EXEMPT FROM TAX?

The Business in general pays expenses like 1)Telephone 2)Bank Charges 3)Certain Municipal Expenses 4) Services etc. This expenses are under GST and bill for the same is charges with GST. This expenses are not taken and are not elegible as input tax credit.

I want to know whether the paid bill should shown as gross amount in P&L and payable amount in Current liability as Net amount+ GST separately? or Paid Net Amount +GST in P&L and payabale amount in Current Liability as Net amount+GST?

Wanted to know more about Excise duty when it was applicable;
for a product which was bought and sold with my own Tradename and Logo in the year 2010-2017.
and the product was exciseable
1.Is Excise duty was applicable from very first sales .
2.Goods were purchased and sold by own tradename.
3.If i was not paid excise duty after a sales turnover more than 1.6 cr in a particular year.
than what will happen.

I had wrongly taken itc in f.y.2017-18 but later on reversed and corrected it in GSTR 3B in F.Y.2018-19.
However, while filing GSTR 9 of F.Y. 2017-18 where is it required to be reported i.e. in TABLE 7 or in TABLE 12 and how to tally TABLE 8. please reply at the earliest.