One of my client filed his GSTR-1 for the month of August 2021 within due date showing tax liability.  There were on tax credit to be claimed ... Read Full Issue

In case of one of my client income for the A Y 2006-07 has been estimated @ 8% although his turnover exceeded Rs. 40 Lacs.  Moreover for the A Y ... Read Full Issue

My client has provided faraskhana services as well as computers, tables, chairs, and other items required by election commission to hold the General ... Read Full Issue

I HAVE TWO CLIENTS. BOTH ARE HUSBAND AND WIFE AND MEDICAL PROFESSIONALS. BOTH ARE FILING THEIR INCOME TAX RETURN IN INDIVIDUAL CAPACITY. THEY HAVE ... Read Full Issue

One of my client, a civil contractor, paying labour charges on cash basis ( payments do not violate the provision of Section 40A(3). But the ... Read Full Issue

One of my client is shown sales and purchase in the profit & loss account net of the VAT and VAT is shown in the balance sheet as liability. If ... Read Full Issue

One of my client is dealing in shares. However, he is doing his share transactions on delivery basis, intraday basis and f&O basis. So, for the ... Read Full Issue

A person has two residential houses. In one house he is residing while the other house is vacate and there on any kind of income of rent from the ... Read Full Issue

While purchasing petrol or diesel from the oil companies, the oil compnies are charging cess on the value of petrol or diesel after charing Value ... Read Full Issue

During the financial year 2008-09 ( A Y 2009-10) a motor car ( i.e. Light Motor Vehicle) purhcased between the period 1.1.2009 to 31.3.2009. There ... Read Full Issue

The addition u/s. 40A(2)(b) was made by disallowing 10% of labour charges to relatives on estimated basis. The AO did not have any finding regarding ... Read Full Issue

One of my client filed his GSTR-1 for the month of August 2021 within due date showing tax liability.  There were on tax credit to be claimed ... Read Full Issue