Dear Sir/Madam,

My Query....

A Partnership firm with Engineers opting for Presumptive Taxation u/s 44ADA. Can Partners of the firm in their individual capacity also opt for Presumptive Taxation u/s 44ADA as Partners remuneration from firm is taxable as Business/Profession receipts in the hands of Partners.


Thanks in Advance

Arun Kumar Yemula

An individual wants to invest Rs. 1,50,000 under sec. 80(C), in any Mutual Fund Company's ELSS scheme,
to reduce his tax liability.

But, Is it compulsory to invest the whole amount of Rs.1,50,000 in any one ELSS scheme only ?
I mean,
Cannot he divide the total investment amount between 2 or 3 Mutual Fund Companies ?

He does not want to keep all the investment in one ELSS scheme.

So, if he distributes his total investment of Rs. 1,50,000
Into 3 different ELSS schemes of 3 different Mutual Fund companies, (each Rs. 50,000)
OR
into 2 ELSS schemes of 2 different Mutual Fund companies (each Rs.75,000),

then,
will he be eligible for getting the full deduction of Total Amount (Rs.1,50,000), under sec.80 (C) ?

Please, guide.

DEAR SIR OUR FIRM RECEIVES SPONSORSHIP FEE WE ARE REGISTERED UNDER GST AND PARTY GIVING US SPONSORSHIP FEE ALSO REGISTERED UNDER GST. NOW THE PARTY SAYS THAT THEY WILL PAY GST UNDER RCM, IN SUCH A SITUATION WHAT DETAILS SHOULD I GIVE IN GSTR1 GSTR3B OR GSTR 2 ?

Dear Sir,
I have registered under GST for my professional charges. I have purchased agriculture land in 2013.
now i am selling the same, is GST Liable on such transaction?
if yes than but is gst rate if no is it NON GST Supply?

Dear Experts,

I am having a public charitable trust for which we have never applied for 80G & 12AA. There;s no registration with any gov't body at all.

do we have to file ITR 7 or ITR-5 in this case?

also please suggest does it need to undergo any kind of Audit?

Regards,

Hello...
What is the current situation of RCM ? IS it applicable to all or is deferred till 30th Sept 2019 ?? My client is Rent a cab service provider with GST no.. Will Rcm applicable to him ??

Thanks

ONE OF OUR CLIENT FILED INCOME TAX RETURN FOR AY 17-18 ON 28.02.18. UNFORTUNATELY INCOME SHOWN IS 2700000 INSTEAD OF 270000. THERE ARISE A TAX PAYABLE OF RS.800000. HE FILED THE RETURN SHOWING TAX PAYABLE 800000/-. HE DID NOT RESPOND TO INTIMATION U/S 143(1). AFTER THAT NOW HE HAS RECEIVED NOTICE FROM THE INCOME TAX ASSESSING OFFICER. WHEN WE ARE TRYING TO FILE RECTIFICATION OR REVISED RETURN ONLINE, WE GOT A MESSAGE THAT AS THE GROSS TOTAL INCOME VARIES, WE ARE NOT ABLE TO FILE RECTIFICATION. AS PER ASSESSING OFFICER, HE IS NOT ABLE TO RECTIFY THE RETURN AND FORWARD IT TO COMMISSIONER. KINDLY ADVISE ME TO FILE RECTIFICATION TO THE COMMISSIONER

I VOLUNTERY GOT GST NO ( ASK ME TO GET NO ..MANDATORY BY...PRACTIONER)...FROM JUL-17......

AFTER THAT TILL DATE...I HAD NOT ISSUED ANY GST INV....IN FECT...I HAD NOT YET...PRINTED BILL-BOOK......MY ANNUAL TOT-- 6-LAC

BUT...PRACTIONER......DIRECTION....I HAD PAID GST-18% ON ...D J SERVICES.....ON CHQ/CASH RECD BY ME...AFTER MAY-19.....WITHOUT ISSING....GST INV............BECAUSE .... I HAD RECD,,,,NOTICE FROM DEPT...IN DEC-18.....I HAD DEPOSITED 1 LAC.....

.BUT DUE TO PENALTY & INT.....UPTO DEC-18 RTN FILED.....THEN DEPT...CANCELLED MY GST NO IN JAN-19

MAIN QUESTOPN

I HAD ....STILL CASH BAL OF RS-67000 WITH DEPT,,,,,,,,CAN I GOT REFUND AS IHAD NOT ISSUED ANY....GST INV.......MY TOT IS RS-6 LAC.....

.CAN I GOT FULL REFUND....WHAT I HAD PAID EARLIER

AS DEP HAS CANCELLED MY GST NO...FROM JAN-19.......CAN I HAD LIABLITY TILL DATE ON RECD CHQ...RILL DATE....NO GST BILL ISSUED EML...

.LOOK4U@REDIFFMAIL.COM

I AM DOING.....LABOUR JOB WORK ON....ELECTONICS ASSEMBY......MY ANNUAL TOT- 3 LAC

IS IT...MANDATORY...TO HAVE GST NO

IF NOT ....IMPACT ON URD BILL ON BUYER.......

THEY HAD TO GST OR RCM ON....MY URD BILL

EML-- LOOK4U@REDIFFMAIL.COM

IN GSTR 9 - ITC VARIANCE IN FORM 2A & FORM 3B

HOW TO RECTIFY THE ITC VARIANCE TAKEN BY FORM 2A &FORM 3B.
(i.e.,(1)my supplier taken me as b to c invoice of Rs.730
(2)march purchase bill ITC not yet claimed by me in Mar 2018 GSTR 3B whereas it claimed in Apr 2018 GSTR 3B.)
the above variance which column of form GSTR 9 to be shown. .

SUGGEST SIR.,