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Raghav Arora   03 March 2020 at 20:07

Tax paid, still being pinged

Tax Paid, still being pinged by Govt officials

Anonymous   23 February 2020 at 18:41

Cash balance negative rectify options for i.t.

Sir,
One I.t. individual person purchases of site ( assest) value.Rs10,00,000/-.if a person cash on hand balance as per books Rs.6, 00,000/- avalibale.
My question:
A person Remaining cash balance received below mentioned options is correct method.
1. Cash loan received from huf status
2. Cash loan received from different persons.
3. Cash gift received from family members.

Rajkumar Gutti   05 February 2020 at 13:17

Gujarat high court deceision on ocean import freight rcm gst

ON 23.01.2020, GUJRAT HIGH COURT GIVEN DECISION REGARDING GST ON IMPORT OCEAN FREIGHT IN THE CASE OF –MOHIT MINERALS V/S UNION OF INDIA. ON 23.01.2020. HON. HIGH COURT DECLARED THAT NOTIFICATION NO.8/2017 INTEGRATED TAX ( RATE ) DT.28.06.17 & THE ENTRY NO.10 OF NOTIFICATION NO.10/2017 , INTEGRATED TAX ( RATE ) ARE BY ULTRA VIRES.

MR. NIRZAR DESAI THE LEARNED STANDING COUNSEL APPEARING FOR THE UNION OF INDIA ,MADE A REQUEST TO STAY THE OPERATION ,IMPLEMENTATION, & EXECUTION OF THE JUDGMENT.
HAVING TAKEN THE VIEW THAT THE IMPUGEND NOTIFICATION & THE ENTRY NO.10 THERE IN ARE ULTRA VIRES THE IGST ACT 2017. THE HON. GUJRAT HIGH COURT
DECLINE TO STAY THE OPERATION OF JUDGMENT,

HON.JUDGE- 1) J.R.PARDIWALA
2) A.G. RAO

DATE-: 23.01.2020

MY QUESTION IS RCM GST ON IMPORT OCEAN FREIGHT IS IS TO BE PAY OR NOT PAY

PLEASE GIVE EXACT ANSWER.


REGARDS

RAJKUMAR GUTTI

Rajkumar Gutti   30 January 2020 at 16:59

Gujarat high court deceision on ocean import freight rcm gst

Stay order for paying Rcm Gst on import ocean freight has been granted by Gujrath High court on 23.01.20. ( Mohit minerals V/s UOI ) In above case Rcm gst is paying or not on Import ocean freight. Please guide elborately

santosh   19 January 2020 at 14:40

Can ito levy penalty u/s 234f in revise income tax return?

thank you sir for your answer

Anonymous   16 January 2020 at 20:05

Cash deposit limit in bank sb and current a/c

A person limit on cash deposits and withdrawals in bank sb and current account as per income tax act.

santosh   16 January 2020 at 14:10

Can itc claim of f.y.-2018-19 in gstr-3b up to sept'2019

Can ITC Claim of F.Y.-2018-19 in GSTR-3B up to September'2019 ? one of my client itc of nov'2018 not claimed till the GSTR-3B of Feb'2019. I wants to know can he Claim such ITC in GSTR-3B from March'2019 to Sep'2019 as his GSTR-3B not filed from Feb'2019. Please reply. Thanks & Regards

Anonymous   16 January 2020 at 08:55

Cash gift

Sir,
One I t.person (son) cash gift received from another person( Mather) Rs.150000/- * 3 times different dates total Rs.450000/- received one finicial year allowed in income tax act.

santosh   15 January 2020 at 14:35

Can ito levy penalty u/s 234f in revise income tax return?

I have asked to CA he said that ito can not levy Penalty U/S 234F if my original return is filed in due time and there is no provision of penalty u/s 234F in Revised Return. then now what i to do?
Thanks & Regards

Anonymous   15 January 2020 at 12:56

Limit on cash on hand

Sir,
One I.t. individual person and one I.t. business person maximum cash on hand limit show in balance sheet at the end of the finicial year under income tax act