Sir

How to adjust IGST, CGST, SGST

As per the existing set off the following rules apply –

Payment for First set off from Then set off from
SGST SGST IGST
CGST CGST IGST
IGST IGST CGST and SGST


As per rules effective 1st February 2019, the following rules will apply for any tax payments made –

Payment for First set off Then set off
SGST IGST SGST
CGST IGST CGST
IGST IGST CGST and SGST

Please advise

Our company is engaged in Infra business and it was a startup few years back.In the Assessment year 2016-17, we paid Rs.10L for bid registration and claimed as business expenditure in IT , as we didn't have any income during the year it turned out be loss and we carry forwarded to coming years. In AY 2017-18, this registration fee(Rs.10L) was refunded due to unsuccessful bidding, our accountant erroneously considered it as income from other sources. During AY 2017-18 we have some business expenditure of Rs. 15L and no corresponding income so it turned out to be Business loss and we have set off this business loss against income from other sources and carry forwarded remaining loss of Rs.5L to coming years.
So total Business Loss Carry forwarded
AY 2016-17-Rs.10L
AY 2017-18 Rs. 5L

now Dept.. has picked AY 17-18 file for scrutiny.
They have Considered Business loss of Rs.2L after disallowing expenditure of Rs.13L
They have set off Rs.2L against Rs.10L(Income from Other sources)
and they demanding tax on remaining Rs.8 L as they cant set off carry forward business loss of Rs.10L of AY 16-17.
now we have filed rectification on ground that we have mistakenly shown it as IFOS but it was business income as it was a refund of previous year business expenditure.
This AO reluctant to rectify.

Any views on this
Thanks in Advance

Sir
Need to know any capital gain tax liability on following condition:
My parents purchased the property in 1987 for 1.58 Lac. They made the WILL in my name in 2012. I sold the property in May 2019 amounting 92 lac and purchased the new property amounting 82 lac.

Thanks

Dear Sir
Kindly inform whether the salary of March-19 received in April-19 to be taken in the year 2018-19 or in current financial year with relevant rule provisions( if any.)

Thank you in advance

Purchase mobile phone for employees is this fixed assets, or not.

whether section 44ADA is optional or mandatory for specified professional , so if one who dont want to opt 44ADA , in this case no question of 50% profit, in that case that person can show profit under normal business, simply by making profit loss account , and books if GR is 150000 is preceeding 3 f.y??
plz guide

Respected Sir, i would like to know that , while calculating income of 44AE , gross vehicle weight would be taken in other than trailor, truck, Tractor, kindly guide how we will calculate gross vvehicle weight ?? as in RC book of goods vehicle only Laden and Unladen weight is mentioned, so we have to take total of both or only should take laden weight as gross weight , to determined heavy goods vehicle and income calculation perspect . plz guide us

1. WE HAVE RECEIVED 2 SHOPS IN VARSAI FROM OUR FATHER (LEASE HOLD 99 YEARS) @ RS. 15000.00, 50% IN EACH BROTHER'S A/C (7500 + 7500)

2. IN 2008 50% PART OF ONE BROTHER PURCHASE BY ANOTHER @ 200,000.00 FOR EACH SHOP

3. I HAVE PURCHASE ANOTHER SHOP ONE MONTH BEFORE SALE OF TWO SHOPS IN 2018 @ 1600,000.00

4. IN 2018 I SALE TWO SHOPS @ 3000,000.00, AT WHICH RATE SHOULD I COMPUTE LTCG (I.E. AT VARSAI TRANSFER RATE OR RATE AS PER REGISTRY DONE IN 2008)

5. CAN I GET LTCG BENEFIT FROM PURCHASE OF NEW SHOP AGAINST SALE OF TWO SHOPS

THANKS FOR YOUR REPLY IN ADVANCE

sir,i completed my graduation ,now want to do CA so i joined in a firm i filled my articleship form 103 in that i made a mistake of termination period i didn't mention in that form, can i edit the form again.
also can i terminate after one year from my articleship

DEAR SIR,

ONE OF MY CLIENT DOING LATHE MACHINE WORK MEANS METAL CUTTING, DRILLING, ETC. SO MY QUESTION IS CAN FILE INCOME TAX RETURN U/S 44ADA PROFESSIONAL INCOME OR INCOME FROM OTHERS SOURCES.

REGARDS