If I forget to open capital gain account scheme within 1 yr before the due date of filling return, can I invest it in capital gain account scheme after this? Or shall I have to pay capital gain tax inspite of my purchasing property within 2 yrs as I did not invest in capital gain account scheme?

Sale of potatoes and onion vegetables on commission should required to register under GST registration

How many times one email ID with different phone numbers can be used for registration at income tax e-filing site ?

Sir
My brother had deposited total Rs. 2,14,000 in two of his bank accounts (Rs. 200000 in one account and Rs. 14000 in another account of different bank) during demonetization. The money he deposited was borrowed from friends and relatives for meeting expenses of his daughter's ensuing marriage. He does not have taxable income as he runs small shop of petty things.

Please advice whether deposit of Rs. 214000 in bank during the period of demonetization entails in compulsory filing of ITR? He does not want to file ITR as he does not have taxable income and he assumes that if once filed, there would be a liability of filing ITR every year despite not falling in taxable income group.

Please provide your valuable opinion in this regard.

Regards

I have 2 new proprietorship businesses (one trading of goods and other offering services) and applied as new registrant for GST under 1 PAN. While I had put a trade name at time of registration, the legal name of business reflecting in my profile on the GST portal is my individual name only as shown on PANcard. I have 2 queries

1- How do I issue invoices and purchase goods for the 2 businesses - in legal name i.e. individual name ? or trade name? considering my trade names are not reflecting in GST profile.

2- How do I add trade names of my 2 businesses for this GST number on GST portal

I am running a medical shop business... Turn over below Rs.75 lakhs. but i provide mobile recharge service also. Recharge of mobile phones under service category and exempt from tax under old service tax and now gst also i think. I have single rc or two separate rc for medical shop business and mobile recharge business. my question is shall i opt composition scheme in gst for medical shop business in both the following situations :

Situation 1 : Only one rc for medical shop and mobile recharge business

Situation 2 : separate rc for each business

Kindly clarify it

if a partnership firm falls under tax audit, will the due date of 30 Sept also be applicable to the active partner in the partnership firm

As a mutual fund distributor dealing with AMC's located out of my state, is it mandatory to register for GST. The annual income from this stream is less than 20 lakhs.
As per my understanding, the AMCs will deduct the applicable GST for unregistered distributors.
To avoid the compliance shackles, can I allow the AMCs to deduct the GST and forego the ITC credit.
My query is "Will I be liable for any action for not registering for GST" considering the fact that the GST on my income is being paid by the AMC under RCM.

Good evening sir,

I am little bit confused about interest on housing loan where property is not in the name of the assessee, but the repayment is made out of his account. Let me ask you with help of an example

Mr. A. has taken a housing loan in the name of his spouse. Whereas his spouse is the owner of the house property and Mr. A. is paying monthly EMI from his account and from his source since his spouse is a housewife.

Can Mr. A. claim interest and principle on housing loan in his return of income ?

If answer is no, then Mr. A claim the interest and principle after transferring the property in his name ?

Sir main gst mein composition scheme lena chahata hoon main vat mein bhi composition dealer tha aur mera gst mein opening stock 400000.00 ka hai jis par vat rate 5% tha ab gst mein tax rate 18% hai to mujhe gst composition mein opening stock par kitana tax jama karna hoga