A person built a resort and claimed itc on the building materials, toilet fittings , furnitures, electric fittings etc towards the gst payable on room rent collections. Is he allowed to claim itc against his gst payable. I Kindly request the experts to clarify the gst provisions

"Whether assessee is declaring income only under section 44AE/44B/44BB/44AD/44ADA/44BBA"
Should I answer yes or no? I am showing professional income of INR 23000 before a 50% discount. I am showing income from FD+SAVINGS interest, STCG, and LTCG in equity. +DIVIDEND INCOME.Total income Rs 4.52 lakhs. I GET 87A REBATE IF I SAY YES AND NO REBATE IF I SAY NO.THIS IS FOR FY24-25

short term loss is 70000 & LTCG is 670000 please calcullatee tax

AIS portal shows LTCG on mutual fund selling of one of my client. While my client denies any such sale of mutual fund. What should be done ?

CA Laxmi Mittal
Vapi

Sir!

We are getting error in I.T. dept's ITR-4 utility version 1.1.1 on validating as " In name of Bank-Minimum 1 cgaracters required"
The Bank account of the assessee is already validated by the Bank
We have tried online also but the same error.
Any suffestion pl

Thanks!

Laxmi Mittal
lnmittal@rediffmail.com

Do we need to put HSN details in Table 12 of GSTR-1 if annual turnover is less than ₹1 crore.

I have filed ITR2 thru Java utility for a number of years in the past after removing Salary schedule from the list as it is not applicable to me. Now I am trying AY25-26 excel utility in the same manner without Schedule S. Surprisingly the validation process checks the Salary schedule and shows error asking to fill all the data. How to fix this issue, can any one help.

Dear All,

am a salaried employee

During Apr24 informed to company to deduct TDS as per Old regime, but while IT return shall change as New regime and file return

Due to above change is any question will be raised from department

Please advice.

Thanks

SIR.,
THERE IS LOSS IN SHORT TERM on sale of securities. so i am filing in itr2. but, while entering figures in SHORT TERM CAPITAL GAIN/LOSS tile, it's not accepting the LOSS amt.

it pops up a error" balance should not be less than 0:"

how the loss should be booked

pls guide

thanks

Our client is registered monthly GSt filing and his vendor gave the credit of April month in IFF on time in may month but he filed GSTR-3B in July month bcz vendor opted QRMP scheme.So CAN our client consider ITC of April month in may month if vendor filed GSTR-3B return in July month(apr-june)?.