Dear Sir,

In a form 16, Rs 77014 is mentioned under section 80C. Rs 125906 is mentioned under section 80CCD. The total amount of Rs 202920/- has been deducted from the gross total income.

While efiling the IT Return, it is not allowing the entire amount of Rs 202920/- to be deducted from the gross total income. It is taking only upto Rs 1,50,000/-.

Can we split the NPS contribution amount of Rs 125906/- in 80CCD(1) & 80CCD(1b) and e-file the IT Return?
(i.e.,can we show the amount exceeding Rs 1.5Lakh under section 80CCD(1b))

i am a registered tax payer i have received my GSTIN . As I do not plan to take any input credits, is it ok for me to not upload my purchases made from a registered supplier and restrict myself to record purchases made from only the unregistered suppliers . Subsequently can i declare myself to be a consumer as regards purchases from registered suppliers are concerned??? would it be in the framework of GST LAWS to ask my vendors to to consider my status in B2C rather than B2B to avoid reconciliation Hassles.???
PLEASE ADVICE
Thank You

what is the hsn code of tour operators

Hi,

I have noticed outstanding demand amount in my dad's IT account in the IT website for the AY 2003-04,2004-05,2006-07,2007-08.2008-09.
The problem is we never received any notice from the department to the registered address.It There is no way that we could have missed the notices sent to the address for all the years. And we have also paid taxes during those years. I was alarmed when I saw the notice in the website.
1)Pls guide me as to what am i supposed to do. I do not have the calculation sheet of the department since we never received the notice.
2) Does the outstanding demand include the tax amount already paid or the entire outstanding amount is payable??

Sir,

A man is doing wholesale business for last one year i.e april 2016 but does not have any vat or service tax number.now in gst there have to fill commencement of business date and libiality to register .So i am confuse which date to show april 2016 or can show recent one.Plz guide

what if i have not linked pan card with my saving account

if i have not provided my gst no to my service provider can i take a input for the gst( i am a registered dealer) eg. we have purchased food from a abc hotel as a staff welfare i not provided my gstin in this case can i claim input tax...he ll be not my regular supplier

Dear Sir/madam,

I have sold my flat in jul17 for 52 lakh, the total cost of the flat was 39 lakh, i got the possession an year back, however i booked the flat in 2010 and its was delayed at builder end and finally i got it in 2017, please let me know how the tax is calculated for it, will it fall under short term capital gain, but in that case will cost of acquisition apply as per my payments year on year from 2010 to 2017, so though i paid 39 lakh the cost of acquisition will be much higher.
How are what are my options to invest if i want to save tax.

Thanks

Dear Sir/Madam,

I need your assistance in finalizing Value of Supply of service Liable to levy GST

Mr. X is an Independent Insurance Surveyor and Loss assessorhold COP in ISSLA ( (Promoted by IRDA) .
He is getting professional fees for preparing assessment report in claims settlement .

SAC- Insurance auxiliary .

Under service tax regime he was charging ST on the Fees and Reimbursement both together.
Following items are usually showed in Fees bill ( Illustrative purpose only)

1. Professional Fees (calculated as per the slab rate given by concern authority on Estimated/Assessed Loss against each policy)

Re-Imbursements:

2. Local Conveyance
3. Digital Photo Charges
4. CD/DVD Charges
5. Courier Expenses
6. Travelling & Outstation Expenses
7. Miscellaneous expenses

Now Mr. X has been instructed by a “General insurance company” to charge GST only on the Professional fees portion and to not charge GST on Reimbursement.

Usually GIC’s will deduct TDS u/s 194J on the Total Value (Fees+ Reimbursement), and many times GIC’s has deducted TDS on (Fees+ Reimbursement+ Service tax). If Mr. X charges GST only on professional Fees but at the end of the Financial year 26AS will show the total amount credit including Reimbursement . There would be huge difference between amount reported in GST returns and 26AS. I assume Mr.X have to pay the GST on the Re-imbursement portion with Interest and Penalty.

Query: Is it correct not to charge GST on Reimbursement expenses. Give me any references if GST not to be charged on Re-imbursements.

just join a private school as a accountant, they didn't have maintained computerised accounting but they have tally software. i know tally working but due to no current backup and working system this is hard to me for maintain it. many types of monthly fee many many expenses daily basis.. please suggest any way of maintain everything..