Dear Sir,

when the recipient is liable to pay GST on RCM basis. Should the service provider include GST component separately in the invoice.

Our entity nature is Partnership Firm.
Service recipient is Company

Regads
Ashok

I am a retired person having income from pension and bank interest only. If I want to make some cash gift from my savings to my wife who is a housewife, is that permissible under law? If yes, is there any specific procedure for it and what is that? Is there any upper limit per year of such cash gift?

Do a company intending to go for preferential allotment needs to comply with provisions of private placement also.???

I have bought a flat 2 years back and currently paying housing loan on the same. I want to sell my shop and from the money received will repay the loan of my flat which was bought 2 years back. In this situation would I have to pay any Capital gain tax or will get exemption u/s 54F?

We have charged GST 18% instead of 28% month for the Dec,2018 and in the NEXT MONTH we have raised DEBIT NOTE only for the differential (TAX) amount (i.e. 28%-18%= 10%) Now this month we are not able to update the this type of details in the GSTR 1 return (9B. Debit Note /Credit Note ). Can anyone suggest about how to SOLVE THIS PROBLEM

I have acquired a property by inheritance in Bangalore from my father in Sep 2018 by Khatha transfer after my father expired in in Apr 2018.

The property was acquired by my father in the year 2000.

I have subsequently sold the property this year in Jan 2019.

Can I avail indexation benefit for the computation on Long terms capital gains?
Is there any bearing of the calculation of ltcg on the term of my holding the property?

Hi,
Today I received notice dept by email saying that:

Your return for the above mentioned assessment year will henceforth be rectified by your Assessing Officer MUM/W/312/2 . You are requested to contact your Jurisdictional assessing officer for any rectification related issues. You may also log on to https://incometaxindiaefiling.gov.in and click on "Know your Jurisdictional AO" under "SERVICES" menu for further details."

Pls help me what to do in this case. Why they have sent me this email. Do I need to go to IT office or i have to do submit somthing online.

I have not filed any rectification.

Thanks

Hi...,
I have checked there is manual demand created by AO on the traces Portal of Total Rs.3,33,300 for the For FY.2009-10, 2010-11 & 2012-13.

While i visited to the ITO Nirman Vihar, Delhi, found clarification from the AO that It was created u/s 272A(2)(K) which for delay furnishing of TDS return. although i have filed those TDS statement within the time prescribed on due date.

I have filed rectification u/s 154 dated January 30,2019, but AO is not considering my application stating that time(4 years) for rectification is expired.

Now what recourse/ remedy is available to rectify those mistake which are apparent from the record of the tax authorities.

Thanks
Your valuable suggestion will be highly appreciable

AY FOR WHICH LOSS IS CLAIMED 2013 = DUE DATE OF FILING OF THE PREVIOUS YEAR RETURN AS PER CPC RECORDS 05TH AUG.2013=AMOUNT OF LOSS PROPOSED TO BE DISALLOWED 8635/-.
NOW THE FACT IS ITR AY 2013-2014 WAS FILED ON 10TH JUNE 2013 AGAINST ACKNOWLEDGEMENT FROM IT OFFICE= MEANS RETURN FILED IN TIME , BEFORE DUE DATE. THUS ABOVE ADJUSTMENT NOT ACCEPTABLE TO ME. HOWEVER THE PORTAL OF REPLY ONLINE IS TIME BARED NOW AND IT OFFICE ADVISED TO FILE REVISE RETURN FOR AY 2018-19 . HERE ALSO NEED NOT TO DO SO AS THE COMMUNICATION U/S 143[1][a] IS INCORRECT. HOWEVER IF I FILE REVISE RETURN [AS ORIGINAL ONE ] THEN UNDER WHICH SECTION , BECAUSE THERE IS NO MENTION OF U/S 143[1][a] IN THE FORM. NOT ONLY THAT WHAT WILL BE THE IMPACT OF IT ON MY RETURN FOR AY 2018-19? NEED GUIDANCE SINCE THERE MAY BE LAST DATE FOR FILING REVISE RETURN ALSO. Please guide / help.

While filling ITR for Fy 18-19, i did mistake by entering wrong income, now i got outstanding demand for tax which is actually due to incorrect ITR, what i have to do now, do i have to pay late payment under 234 F, please reply ASAP