Hi we have a case where Good’s are imported from country A and sent to country B but invoicing is from India. There is no physical movement of goods in India. Is this permitted under FEMA and what are the relevant FEMA regulations to be referred?

TDS Deducted to my client U/S.194IB and same updated in 26AS.

my query is, Which ITR form is required to file income tax return.

Sir,

Can anyone tell me that Gift received from Jethani is taxable under income tax act or not?

Dear Sir ,
We are given by a contrctor of our's a certificate u/s 197(1) duly certified by the ITO for lower deduction of TDS . To deduct TDS @ .75% upto Rs.12000000 instead 2% .

Now my question is what are the formalities on our part in this case . Would we be questioned in future for lower deduction of TDS or would we face problem in filing our TDS return??

Please Clarify the below query

one of our client, having a income of fixed deposit interest from syndicate bank, and this income is attracted to TDS. But the bank TDS has not been deducted.
so my question is what would be the consequences if we shown this income while filing of return.

I have filed return for my company after due date. I am having a business loss of Rs.56255/- during the AY 2017-18. Due to late filing of return i can not able to carried forward the above loss. But at the time of filing of income tax return the loss carried forward to the the next year was automatically displayed in my return. I cannot able to make correction in the field. Now i am received a notice u/s 143(1)(a) of the Income tax act with error descripttion "In schedule Part BTI, Taxpayer is carrying forward current year loss which is not allowable as the return is filed after the due date Rs.56,255/-" Please suggest me where to disallow the loss in ITR for not carried forward

Dear Sir ,
We are given by a contrctor of our's a certificate u/s 197(1) duly certified by the ITO for lower deduction of TDS . To deduct TDS @ .75% upto Rs.12000000 instead 2% .

Now my question is what are the formalities on our part in this case . Would we be questioned in future for lower deduction of TDS or would we face problem in filing our TDS return??

Cold storage is considered as P&M to get excluded from 17(5) of CGST Act?
whether input tax credit is allowed on cold storage under GST?

My friend who is a salaried person, received IT notice for non Filing of IT RETURN for FY 2015-16. His TDS is deducted from FY 10-11 till date, and still he hasn't filed even a single Tax Return.
What are the consequences and solution?

Dear All,

In case of a FSD registered under Excise Act, passes accounting Entries in his Books of Accounts on Filling Transition-1 for booking credit under GST Regime.