Dear Experts,

We are manufacturers and getting job work also. Now we have to file ITC-04. We are sending material for further processing over DC by mentioning value (for Ex. Rs. 67 per component which includes raw material cost also) and the same is entered in ITC4 Mfg to_JW also.

Job worker will process components and send back the components with invoice. In their invoice, they charge only labour charges,per component (for Ex. Rs. 15/-) basis. Same is declared in ITC 04 JW-MFG

Since amount will not tally between out DC and Job workers invoice/dc, is there any problem for us ?

Dear sir,
Land is purchased before the year 2000 and land is regularised under Land Regularisation act by paying development charges to govt in 2010. Whether development charges and fees paid will be treated as cost of improvement or deducted under income from house property as municipal taxes under IT Act 1961. Hence a clarification is required where such expenses should be shown?

Is Rs.50000.00 exemption inclusive of GST or without it? Means if Taxable Value is less than 50K but it exceeds 50K including GST do one needs to generate E-way bill.

There are 10 Private Limited Companies registered in Delhi in which father, Mother and daughter are Directors and shareholders. Father and mother wants to transfer around 10,000 shares to their daughter. They want to transfer shares via Gift deed (consideration is nil) 1. Is stamp duty 0.25 % of total consideration will be payable on Share transfer deed..? 2. What amount of stamp paper is required for making gift deed..? 3. Is we have to calculate FMV as per income tax act..? {Fair market value of 10000 shares to be transferred in all 10 companies as per income tax is coming around 40 crore} 4. Is Registration of gift deed is mandatory ...? 5. Is stamp duty is payable for gift made to relatives as per 56(2)(vii) of I-T act ...? Thanks in advance.

My friend filed income tax return for AY 2017-18 online within due date but forgot to send ITR-V to Income Tax - CPC within prescribed time limit of 120 days. Hence, his return got rejected by income tax department.

On the other hand another person's case is a bit different. The assessee didn't file his ITR in due date and failed to send ITR-V in due course because of which his return rejected by income tax department.

Pl advise in both the cases what to do now.

Hello sir/mam
My query is:
Preference shares are issued to whom?
Can preference shares be issued to existing equity shareholders?
Is the financial institution only the mediator between company and investor?
Can preference share be directly issued to public?
Thank you

I received an SMS alert that returns for AY 2016-17 have not been filed and it is to be filed at the earliest. My income is within the tax ceiling, so my filing would be a nil tax filing. But since the deadline has been crossed, would this filing have to be done manually? How would I have to go about this?
Thank you.

Whether services provided to schools and educational institutions in nature of architecture and other repair and maintenance service will attract gst ???
As such schools are exempt from gst then whether schools should be charged with gst or not ??

How many goods or services, credit on which distributed by Input Service Distributor...???

Sir

Dob as per pan is 28-02-1957 but as per aadhaar year birth is 1950. In such case Aadhar has to be rectified. What is the on line procedure to get the aadhar rectified ? Whether could be done on-line only or I will have to go to Aadhar Card Office. Someone has advised me to go to Aadhar Card Office. I belong to Mumbai. How to trace the location and address of the Aadhar Card Office. I am quite helpless. Please help me.