I am salaried person opted for 115BAC while submitting return, however i received 143(1) notice not granting 115BAC and I received demand of 87k.
I showed 303k loss in equity but it is showing as business loss in return file.
please guide

May I use my individual current account for daily domestic needs payments( like vegetables clothes ration purchases)including my business transactions? I am a small business owner in a small town .

Sir,
An individual resident is to purchase foreign currency dollars worth Rs 150000 for meeting his foreign trip expenses while abroad .

Subsequently thereafter he is required to send dollars worth Rs 700000 to his ' close relative ' abroad for his maintenance etc. in same financial year

Hence following queries:-

1. Will these two transactions will be treated different for TCS purpose ?

2. Will he liable for TCS for transaction of Rs 700000 as he has crossed limit of Rs 700000 during a financial year by purchasing foreign exchange of more than Rs 700000 i.e (Rs 1.50 Lacs + Rs. 7 Lacs )

3. Will the first transaction of Rs 1.50 Lacs need to be filled in application form for sending dollars of second transaction of Rs 7 .Lacs to his ' close relative '

Pls guide

I have query regarding requirement of AICITSS as I passed out in recent result and I had already completed my ITT and GMCS training as I am registered under old course of CPT/PCC/Final scheme and later I was converted to New Course.
I will be glad to receive valuable guidance regarding above isssue.

my HUF pan is AAAHI1301N
UNABLE TO REGISTER AS ERROR IS COMING THRO DATE OF BIRTH AND GENDER COLUMNS
HUF PAN CARD NAME IS -IMMADI BHIMESWARA RAO.
PL ADVISE

Hello Members,

Last week of Dec there were quiet few SMS received from Income Tax asking to confirm certain high Value transactions.
My Query is
In case of negative confirmation - Transaction not relating to us - we needed to respond,
In case the transaction is right - do we still need to confirm the same. What would be the implication if the same is not confirmed?
Thanks

Mr.A is in the business of providing machinery on hire. The receipient pays tax under RCM on such services. Mr.A also providing loading unloading services on which Mr.A pays tax under FCM. Can Mr.A opt for both mechanisms under one registration number. Mr.A is not GTA

Mr.A paid GST laibility of 300000 through ITC in F.Y.2022-23. However Mr.A amended such bills and made it zero in september-2023.
Can we get refund of such ITC of Rs.300000 ? If yes, within how much time can mr.A claim refund of Such ITC ?

If no, Can Mr.A can set off his laibility in next year F.Y.2023-24

partnership firm is there which are converting into Limited Liability partnership reason is to upgrade entity for marketable point of view.
but question arised , in this change in entity PAN number could have change or not? becasue we need change in PAN as general thinking. is it correct.

also development agreement had executed in firm by paid stamp duty for property development, by conversion fo entity , shall there need to pay again stamp duty as per transfer of property act, registration act and so on.

pls experts opinion . with kind regards.

Is it necessary to sign the APL-01 form (submitted via EVC) obtained from the GST portal before submitting it to the Appellate Authority?