DEAR SIR,

ONE OF MYS CLIENT SOLD 500 SHARES THIS YEAR AUGUST 2018, BUT SHARES PURCHASED YEAR 1997
NOW MY DOUBT IS THERE IS NO LONG CAPITAL GAIN LIABILITY TO HIM. AND HE WANTS TRANSFER WHOLE AMOUNT TO HIS SON TO PURCHASE A NEW PLOT IN BANGALORE. SO CAN TRANSFER ENTIRE AMOUNT HIS SON ?

REGARDS

Allotment of equity shares made at share premium in excess of fair market value - but share premium amount not recovered/ recoverable at all - just a book entry. whether to be treated as Income U/s 56 of the I.T Act.

Dear Sir,
मशीन निर्माता द्वारा रिपेयर जॉबवर्क भी किया जाता है | क्या वह मशीन निर्माण के लिए ख़रीदे कच्चे माल का itc, रिपेयर जॉबवर्क के बिल के विरुद्ध समायोजित किया जा सकता है ?

One of my client filed IT return for a.y 2018-19 before due date but failed to send the itr V to cpc for verification purpose & not verified through e-verification also . but after 6 months he send the same to cpc for verification , departement rejected her return because not verified within 120 days . the client as refund amount for the same return (a.y 18-19). now can we file revised return for same or any suggestions

Penalty on Late filing of GST return is allowed as Business Expenditure or not ?

Experts,
In case of Bill To Ship To We received material from a Supplier. Sir in purchase invoice mention
following
1-Bill to = A ( Buyer)
2-Ship To = B(Goods received in Factory)
Sir in above case material received by us but Bill to another party . Sir can we tale itc in that case as per section 16 ( Amended from feb 2019)

Dear Sir
I have a few demands raised by IT Department against Late filing of TDS Return, Short Deduction etc in the F.Y 2012-13 to 2018-19 in different Quarters and I have already paid the levied amount and the ready for attach the challans in the statement.

Would you please help me for the procedure for made the Correction in the Traces Portal to offset the demand ?

Waiting for your valued advice.

Regards

Hello All,

i want to know that for the quarter ending in September sale bill of one of the parties have wrongly updated on gst number of other party having same name , so i amend the above mentioned bill in next quarter, but the problem is Firm gst get cancelled in November and i amend the gstr-1 in dec ,

Now counter party is asking me that bill are not showing ,

can any one help me this regard , or what will be possible solution

I filed my ITR for 2018-19. CPC sent me a notice u/s 143(1)(a) for a minor error and adjustment in tax refund and asking to respond within 30 days, failing which necessary adjustment will be done with out further opportunity. Unfortunately I could not respond with in 30 days. I am willing to agree for the adjustment and not contesting the same. Now 60 days are over from date of notice, but my Return is not processed and refund is stuck. I can not respond to Notice on the portal as the button to respond is disabled after lapse of 30 days. What should I do? Should I file revised return to take care of the discrepancy pointed out, without reference to notice u/s 143(1)(a)?

I had got LLP name approval. Now I have to file FILLIP Form within 90 days.

1. Please confirm Form 3 and 4 has to be filed within 30 days of filing FILLIP form...?

2. Form 3 and 4 is to be filed together...?

3. Attachments to attached in FILLIP, Form 3 and 4 ...?