DEAR SIR,

ONE OF MY CLIENTS PURCHASED GOODS FROM MAIN DEALER, HE HAS NOT PAID PAYMENTS IN DUE DATE NOW THEY WANTS CLOSE THE BUSINESS AND CLEAR ALL DUE BALANCES NOW THE DEALER DEMANDING CLEAR THE BALANCES INCLUDING CREDIT NOTES RAISED BY THEM. FOR THE DELAY IN PAYMENTS THEY HAVE RAISED DEBIT NOTES ALSO.

1.NOW MY DOUBT IS MY CLIENT HAS TO CLEAR THE BALANCES INCLUDING THE CREDIT NOTES RAISED BY DEALER IF YES
2.THEY HAVE TO LESS THE DEBIT NOTES RAISED BY THEM WHILE CLEARING THE DUE PAYMENTS.

3. I HAVE THOUGHT THAT ITC CAN NOT BE CLAIMED IF THEY HAVE NOT CLEARED PAYMENTS IN DUE DATE. SO IN THIS REGARD THEY DEMANDING THE PAYMENTS ALONG WITH CREDIT NOTES BECAUSE THEY HAVE PAID GST ON THAT.

PLEASE CLEAR MY DOUBTS WAITING FOR YOUR SUGGESTIONS

REGARDS

PLEASE

Please give the forms to be filed and the due dates for public charitable trusts for the assessment year 24-25

Joint property mere aur meri wife ke nam he us per rent mere account me aa raha he. kaya me yeh rent 80% apni return me aur 20% anpni wife ke return me yaa pura rent apni return me dikha sakta hun.
DP Kapoor
9810600330

Hello, I have always had business income (ITR 3). Last year, I'd filled Form 10IE to file under the new tax regime. If I want to continue under the new tax regime this year as well, I don't need to fill any form this time, right?

This year, the new tax regime is in any case the default one, so this would also mean I don't need to fill any form, right?

Thank you.

T_FV_6351 Applicable and Mandatory For Financial Year 202324 onwards 'Other special allowances under section 10(14)'.

we had paid GST for security services under RCM category can we claim this ITC against our flat sale 5% GST payable.
Example: received Rs.10,00,000 against sale of flat+ Rs.50,000 GST(5%) payable Rs.50,000/-
we had paid RCM for security charges Rs.2,00,000+36,000 RCM(18%) deposited by us in GOVT.Treasury.
Now can we sett off above Rs.36,000 against our liability of Rs.50,000 and pay balance Rs.14,000/-?Please advise
with regards,
Manoj Nagdev
Mob 9323498800
email:Nagdevmanoj@gmail.com

HELLO SIR,
ONE OF MY CLIENT FROM MP HAVING HOUSE PROPERTY (COMMERCIAL) INCOME AND BUSSINESS INCOME BOTH SO WHAT WOULD BE GST THRESHHOLD LIMIT (40 LAKH OR 20 LAKH). PLEASE SUGGEST.

I understand profit from buyback of shares needs to be shown under "Exempt Income" in ITR.
However under "Exempt Income" there is no option of section 10(34A) to be selected. How to show?

Dear Experts,

If an individual gifts property to wife or children without any consideration, then that transfer will not be subject to any tax.

However rental income from that property will be taxable in whose hands? transferor or person receiving the gift? Will these attract clubbing provisions?

Sir, Madam.
I have a Mediclaim policy provided my employer, can I claim the amount of this Policy under section 80D in my income tax return.?

Thank You..
Regards
Rakesh Yadav