Hello experts,

My query is related to my previous query!!!!!

This time the unsecured loan is not repaid by Father to his 'Son', Son Dies and unsecured loan repayment not being paid by father to his son.

There's is no 'WILL' and 'Legal Heir' were made to conclude the same.

What will be the treatment of unsecured loan in the Father Balance sheet?

Shall I capitalized it or treat it as an income and pay tax on the same?

Dear Sir,

While validating Form 704, I am getting an unknown error as "Please check the data which you have entered". I have validated all my sheets individually but there is no error showing. But when I am trying to generate the file I am getting the above error which I could not understand. I called the helpline number too but they are taking time to resolve my query.

My return is from April - June, 2017 since from July GST was applicable.

Please help me, if someone has gone through the same issue. It is urgent.

Regards,
Divyesh Jain

sir there was a return filed on 02/07/2018 after that we get an intimation that such return was defective for that we have already filed response against it but the same is under the processing period. the amount of refund is handsome we have already filed a grivience for the same. so what is the alternative procedure for the same. please let me know.

thank you

Dear Experts, Please let me know MSME certificate is District wise applicable or is it applicable for whole enterprise?
Actually our company is registered as SMALL under MSME Act but certificate has issued DISTRICT INDUSTRIES CENTRE , AHMEDABAD Government of Gujarat as our factory is at Gujarat and company's registered address is Mumbai, Maharastra. So, please guide me may I use the MSME certificate for the Mumbai customer.

Respected Experts,

Good evening

Please provide clarification.

We are dealers of supply of coal .we rise invoice like this.

1.Basic value =1000
GST5% =50
CESS = 400
SubTOTAL =1450
TCS as IT act 1% =15
Total invoice value =1465

Some other people says like below
2..Basic value =1000
TCS as IT act 1% =10
GST5% on 1010 =51
CESS = 400

Total invoice value =1461

Which is correct 1 or 2 ?? Or any other please suggest me
plzzzz

Dear Experts,

I have registered for Gujarat State only but I have Works Contracts projects in other states. I am going to purchase Material from Gujarat for other state's site (e.g. Maharashtra). How's the supplier will generate e-way bill for delivery in Maharashtra? He will issue bill with CGST&SGST but please guide on e-way bill issue.

AS PER RULE 6(5) OF VALUATION RULES Value of supply for used goods shall be the difference between the selling price and purchase price. AND section 2(6) says the aggregate value of taxable supply is aggregate turnover.
Does it interpret that turnover of used goods is selling price- purchase price?
If I am registered under composition scheme will this be considered as a turnover? (selling price- purchase price).

Sir,
Actually My Grand Father had started a partnership firm in 1987, that time he had applied for pan card through a Advocate he got a pan card (No:- AAAAJXXXXX), he had done Firm registration from Bihar Firm Registrar Under 1932 Act 58(1) till there no issue.
But last year when i had changed my Bank, and applied for other current account then came to know that My Pan is registered under AOP (Association of Person) and i having partnership firm registration certificate.
Now we are puzzled what to do, we can't change pan card because of Balance Sheet. Please provide me advise.

PROPRIETOR PERSON HAVING BUSINESS INCOME BEYOND 20 LAKH ALSO EARN COMMERCIAL RENT INCOME BELOW 20 LAKH IN A YEAR BUT NOT CHARGE GST ON RENT INCOME CAN HE APPLICABLE TO CHARGE OR NOT

I have received a notice from department stating that there is defect in the ITR filed for AY18-19. I had filed ITR-3 for lic agent having some agricultural income .I had filed the return with sale of goods, agricultural income and some petty expenses with TDS ( tax refundable). Error Description - Taxpayer having income under the head “Profits and gains of Business or Profession” but has not filled Balance Sheet and Profit and Loss Account as required in explanation (f) under section 139(9) read with section 44AA. Probable Solution - The Part B of the Profit and loss account and Part B of the Balance Sheet (i.e No Account Case Section) should be entered in the corrected return without which the return filed earlier is liable to be treated as invalid. Please let me know what correction I need to do?