I have purchased a Land 2 year ago for 30 Lakh. Now I have given contract for construction of 4 flats on my land to the third party for 30 lakh + GST.

Now I have sold the four flats for 75 lakh.

Will GST be applicable on me as an individual.

In Column 12 of GSTR-1, I have the following problems.
1.Same entry is shown as Processed and Pending. When the duplicate entry in pending is cancelled it appears again
2.In spite of several reentries duly saved the entry is not saved.
3. I have totally 12 Invoices. I spent three hours in vain in preparing HSN wise summary
Please guide me

SIR
AS WE KNOW THAT WE CAN AVAIL ITC OF CAPITAL GOODS( THAT ARE USE FOR BUSINESS PURPOSE ) IN 5 subsequent YEAR

SO IF I PURCHASE AN CAPITAL GOODS WITH CHARGED RS. 100000 GST IN JUNE 2018-19

SO PLEASE TELL ME THAT HOW CAN I AVAIL ITS ITC IN JUNE GSTR 3B

OPTION 1 - CLAIM WHOLE RS. 100000 IN GSTR 3B AND POST THAT ITC IN CREDIT LEDGER AND USE ONLY RS. 20000 IN 2018-19

OPTION 2- CLAIM RS. 100000 IN 3B AND REVERSE RS. 80000 IN REVERSE COLUMN ( BUT PROBLEM IS THAT HOW CAN THIS RS. 80000 IN NEXT subsequent YEAR )

OPTION 3 - CLAIM ONLY RS. 20000 IN 2018-19 ( BUT PROBLEM IS THAT HOW CAN THIS RS. 80000 IN NEXT subsequent YEAR )

Sir,
I have to pay two LIC premium ( yearly ) for my son . The cheques of premium are issued on my signature from a Joint Savings Bank A/C in the names of my wife and me ( 1st name is wife ) . Can I claim IT rebate against LIC Premium ? Please advise me .

With regard ,

Sudhir Saha

मेरी दो फर्म है A और B, दोनों का GST NO. अलग अलग है . दोनों फर्म में परचेस एक ही पार्टी C से की गयी थी. जिस पार्टी से परचेस की गयी थी उसने गलती से बिल में मेरी फर्म A का नाम लिखा और GST NO. B का लिख दिया. फर्म A ने भी परचेस अपने खाते में ले ली और पार्टी C को पेमेंट भी कर दिया. इस इस्तिथी में फर्म A को क्या करना चाहिए, अगर वो अपनी परचेस को कम करती है तो नेट प्रॉफिट बढ़ जायेगा और उसने अब तक जो ITC CLAIM किया है उसका क्या होगा.

Please solve this problem at your earliest.

Thanking you.

For AY 2018-19 wanted to confirm a few items mentioned below-
1) Which ITR to be filed - ITR 3 right
2) As she does not maintain proper records so in BS & PL so her details fall under NO ACCOUNT CASE. On what basis she can claim expenses since in the past she was getting 50% deduction of new insurances and 15% for renewal policies.
3) Apart from that she has invested in share market. Do i need to disclose worth of shares she is holding? Also do we need to disclose dividend income, if yes where?

In the Clarifications given by Income Tax Department regarding Tax on Presumptive basis, following are mentioned
at link https://www.incometaxindia.gov.in/tutorials/13.%20tax%20on%20presumptive%20basis%20in%20case%20of%20certain%20eligible%20businesses.pdf


One

A person who is engaged in any profession as prescribed under section 44AA(1) cannot adopt
the presumptive taxation scheme of section 44AD.


As per Section 44(1)mentioned at one above, such professions are legal, medical, engineering or architectural profession or the profession of accountancy or technical consultancy or interior decoration or any other profession as is notified by the Board in the Official Gazette


Two

:The presumptive taxation scheme of section 44ADA is designed to give relief to small taxpayers
engaged in specified profession.

Three

A person resident in India engaged in following professions can take advantage of presumptive
taxation scheme of section 44ADA:-
1) Legal
2) Medical
3) Engineering or architectural
4) Accountancy
5) Technical consultancy
6) Interior decoration
7) Any other profession as notified by CBDT


NOW THESE PROFESSIONS ARE SAME AS MENTIONED IN SECTION 44(1)

SO KINDLY CLARIFY AS TO WHY iNCOME tAX dEPARTMENT has said, as mentioned in one above that

"A person who is engaged in any profession as prescribed under section 44AA(1) cannot adopt the presumptive taxation scheme of section 44AD".


HERE REFERENCE OF SECTION 44AD IS GIVEN FOR PROFESSION WHEREAS FOR PROFESSION SECTION 44ADA HAS BEEN ADDED.


PLEASE CLARIFY

A INDIVIDUAL BUILDER CONSTRCT BUILDING AND SAME SELL AFTER COMPLETION. WHETHER GST REGISTRATION REQUIRED.

I am an nri and has not filed returns for the FY 2014-15, 2015-16, 2016-17, however the tax return for the FY 2017-18 has been filed during June 2018.
1) Can i file late returns for the previous FY as stated above
2) Would there be penalty for late filing, if yes, what is the amount
3) I have TDS claim for the deduction on my NRO account though there is no other income except small interest on my NRO account approx INR.11000/- per annum.
4) During the FY 2018-19 i have rented out my 1BHK apartment in mumbai for annual rent of INR 240,000/- during July 2018
a) is the tenant required to deduct TDS , if yes what is the percentage.
b) what deduction can be claimed while filing return during next year for the FY 2018-19.

ADDITIONAL INFORMATION:
Other source of income are the dividends which are declared by the companies from time to time approx. which are tax exempted .

As i am paying premium Insurance INR.4K, Medical Insurance for my family approx. INR .17k, Home insuranace INR. 18K which can be used to claim deduction u/s 80

My overseas earning are tax free as the country where i am earning don't have income tax on employees.

Please advise on the above and guide on the Income tax details which i should be knowing.

Thanks

Plz help me I am getting following error in TRACES " Error in establishing connection with TRACES Websocket Esigner. Please ensure that WebSigner Setup is installed and service is running on your machine and there are no proxies enabled on the browser while doing DSC activities"