An Insurance agent received commission from an insurance company. He has lot of expenses. like fuel Expenses, Rent expenses, Conference expenses, Gift Expenses etc. But , Now in ITR -3 his commission Income has Automatically reflected in Other Sources Income Table , But there are no option to show above said expenses. So , My Question is , Can I show his commission income in commission head as credit profit and show expenses as debit losses in Profit Loss Table in ITR-3 (column no. 16-61 Book ..
TCS NOT CLAIMED IN PREVIOUS YEAR, BECAUSE TCS AMOUNT WAS NOT UPDATED IN 26 AS AT THE OF FILED RETURN . BUT NOW THE TCS AMOUNT HAS UPDATED IN A.Y. 21-22 AND SHOWING IN 26 AS (A.y. 21-22 26AS) ON DATED 13/05/22 (TRANSLATION DATE WAS 01/02/21). A.Y. 21-22 HAS FILED WITHOUT TCS CLAIM. SO , NOW HOW TO CLAIM THE ABOVE SAID TCS AMOUNT ?..
Sir/Madam, When The commission income amount of a DTH recharge voucher saler/retailer is the Gross Turn over in income tax, Then what is the Turn over in GST ? A Recharge voucher saler retailer purchases recharge voucher from a company,then he sales as B2C ,he shows the total sale amount of recharge voucher in GSTR1 at B2C table and He shows the commission amount Bill of sale recharge voucher in B2B (Commission claims to company) .So his Annual turnover as per GST return is very high than Income..
The landlord paid 18% Gst (Rs.90000/-) on rental Income (Rs.500000/-)but the tenant did not pay any amount to him. What is the treatment from the Landlord's point of view - Can avail refund?..
Sir. Let's me know due date of income from business ,rent and salary. Please advise. With regards Binu ..
I have received a SCN from GST for disallowing ITC. I have been asked to pay the ITC amount as filling my GSTR 3B was delayed. Nov17, Dec17, Jan18, Feb18 & Mar 18 was late filled in May19. The amount is very huge 39L. I have closed my business in Mar 2020 and closed my GST in Apr 2021. SCN was issued on Oct 2020. What should I do, please guide me? Is there any notification that I could take shelter. Is there any case study you could refer. ..
Dear Sir/Madam, I want to know whether we can apply for Vivaad se Vishwaas Scheme now ? please also tell me the last date to apply for this scheme. As i went through various articles i came to know that the registration process got over by 31st march 2021. Is there any chance of being my appeal being registered under the scheme as i want waive the interest chargeable under section 220...
*We availed term loan of 1Cr from Axis Bank in March 2019 for expansion of our chemical plant. *We made an application for 15 Lakh Central Investment subsidy in March 2020. *We also completed our expansion during this period. *In June 2020,we paid entire loan from the earnings of company. *Recently Axis bank rejected our subsidy claim on the ground that the loan should not have been paid before 3 years. *Our argument is that it is subsidy on Plant & machineries & it has nothing to do wit..
Dear Sir/Madam, Kindly confirm the Turnover Limit for GSTR 9 and GSTR 9C for F.Y. 2020-21? As i am having doubts regarding the information gathered via my colleagues and in google also they have not provided the information properly. Kindly clarify it and also please provide a reliable website where i can check any updates regarding GST. Thanks in Advance. ..
Hi. I am writing this on behalf of my mother. My mother is a pensioner and she purchased one property in the year 2011 without my knowledge. That property was based upon power of attorney and full cash payment 11.50 lacs approx. Frankly speaking it was some fraudster who cheated her and sold some very bad property in very bad location in Delhi at very high price. Some how i came to know later and we could not sold the property for 10 years. Now recently again i came to know that the property was..
Please tell me, If I make books of business of proprietor and Personal separately, Treatment of business balance sheet (net transactions) in personal balance sheet of proprietor so that balance sheet total matched...
A property dealer who are not register any where and he is receiving brokerage . Can I show his income from brokerage. As a commission..
Dear Sir, We have purchased 2 Plots from Riico in Year 2002. In the Fy 2017-18 we have sold one plot on agreement and offered the proceeds to tax. Now in the Fy 2021-22 the registry of plot is being done. Now the RIICO is saying that there was a change in partnership firm during the year 2006 so you will be charged with stamp duty which will be collected by sub registrar Rs 18.50 Lacs. My query is can be claim it as revenue expenditure. We can not claim it as tranfer expenses as the proceeds ..
Dear Sir We purchase a material from Mumbai and direct supplied to Tamilnadu but now tamilnadu vendor refused to make the payment in this month. He gives the payment in next month. Now decided we will purchase the material from Mumbai party and take a warehouse on rent in Mumbai to store material after that when Tamilnadu vendor will done the payment we release the materiel to him. We can not understand how to make billing process for this, please help..
Dear sir, we are in the business of transportation of goods by road, all the GST on freight is paid on RCM basis. We are selling two trucks one is purchased before GST regeim and one in June 2018. We have not taken any itc of it,. And claiming depreciation. Will we be liable for GST on sale of both trucks. Will we be liable for margin i.e above WDV or not. We have not taken any GST registration and sale value of both trucks is below. 20 lacs. But if combined with freight amount it comes to 2 cr..
Dear Sir, One of our client is in the business of Erection of Pre Fabricated Steel Structure. We have got and purchase order from a Company registered in Maharastra and has given us contract to construct plant at Jaipur Rajasthan. The Plant at Rajasthan does not have GST Number and the company has given us GST number of Maharastra. Kindly guide us which Tax to Charge CGST or IGST..
Respected Memebrs, We are a newly set up landscaping firm, kindly help on my first purchase entry. We have got a contract to supply and installation of Soil and Palm trees to a plant. The contract includes BOQ to supply and install 120 bags of soil, 22 trees, and Grass for land. Now we have purchased Soil 10 Bags of 20 @ 200 Rs each and purchased 5 trees @ 2250 Rs.each We have purchased this in cash. Can you tell me how to pass this entry in the tally? At the end of the month, we wil..
please help me with format for capital infusion certificate by CA for buillder project loan ..
Dear Sir, For example, I am a ltd company. i have deducted ESI from employees side rs. 2,250 and employer side of rs.9750 and i have deducted TDS from suppliers and employees totalling of rs. 50.000. Please note that, When i file income tax return at end, can i take anything from the above mentioned as deduction from the income tax payable? Please can you explain me briefly...
I FILLED 10 E TODAY 16/4/21 FOR AY 20-21. BUT SOME CALCULATION MISTAKE HOW I RECTIFY THE SAME NEW FORM 10 E IS NOT ACCEPTING ON ONLINE..
ITR 1 and ITR 4
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