Dear Sir, one of client is a builder , he sell normally each flat for RS 17,50,000, how ever in one case he sale the flat for rs 17,50,000 flat sale value, how ever he collected Rs 21,00,000 by way of account payment to her bank account i.e. my firm current account the excess amount is for interior designs & other works. previous accountant shows Rs 17,50,000 in GSTR-1 & GSTR-3B, kindly confirm how to proceed in the annual return OR I can show excess amount in June 2019 month GSTR-3B & GSTR-1,

Transaction related 2017-18 fY, SO WHICH ONE IS BETTER WHETHER TO SHOW IN ANNUAL RETURN OR TO SHOW IN FUTURE 3B PERIOD .
which one is better and safe, kindly please guide us in a brief manner

Sir

How is the double pay calculated for a person who has worked on a National holiday.
Suppose the salary of an employee is Rs 30000. His double pay to be paid is Rs 2000
or 1000. The doubt I have is if he is paid Rs 2000 will it not be triple pay as he is already paid Rs 30000 as his normal wages which includes 30 days pay.

Thanks

Dear Sir,
My mother-in-law want to sell the land purchased in the year 1983 with a cost around Rs.25000, the present Registered value of the land is Rs.40 lakhs, Brokerage of Rs.100000 on sale to be paid, she is a senior citizen, she had paid stamp duty and Maintenance charges,EC Charges etc. for the property around Rs. 25000, Kindly guide which on is beneficial to her whether With Indexation or without Indexation. Kindly guide how much capital gain tax she has to pay under both the categories and also guide for tax savings by any investments.

Sir/madam,
if a individual assessee sold the plot in February 2019 (sale deed executed in February 2019) but assessee en-cashed the cheque in April 2019, then in which financial year assessee considers the sale proceeds of plot in ITR because assessee not yet invested that money for claiming exemption??

One of the biggest and most ignored issues in the profession is recovery of fees. The old tactics of withholding books and passwords don't work anymore due to digitisation. The concept that another CA won't accept the client's file due to non payment of previous CAs dues, has become redundant due to entry of a lot many professionals.

What a practicing CA should do in when the client refuses to pay the full amount even after services are provided?

Dear Sir,
One among my friends is doing CA IPCC. But now his status in the site shown as required for revalidation..Now I would like to know that how I will help him....Kindly give me the procedure&link for Re validation

Dear sir,

I have sold my flat and its attracts Capital gain, so I want to avoid tax on capital gain so i am planning to purchase room in chawl system. Is it taxable or Exempted

Nandkishor

Dear All,
I have paid TDS after due date and forgot to pay interest in the same challan. I prepared a separate challan for interest payment. How can i show the challan in the return? under what column should it go?

One of our clients who is a seafarer has resided in India for PY 2018-19 for 154 days and for preceding 4 PYs for 679. What is his residential status. And does all his income would be taxable if he is ROR.

I have heard from an Income Tax expert on all India TV show that you cannot gift to your wife.
My question is suppose I have Fifty Lakhs in Bank. I have other taxable incomes and to save tax if I transfer this amount to my wife, who has PAN card, and my wife makes F.D. from that amount and pay tax on interest she will earn from it or utilises exemption limit of Rs. Five Lakhs income available to her and I show this transfer as loan . Is this transaction permissible under I T. Act ?