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| GST ITC | |
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| Excerpt of query: | Sir, in our case supplier is not filed by GSTR-1 in time for the financial year 2020-21 but buyer clime the GST ITC based on tax invoice, the same point is raised department issued a notice required a clarification of excess declared GST ITC between the GSTR-3B vs GSTR-2B . The above difference GST ITC is payable complosory ? if any judgement declared by courts please forward judgement |
| 55A vs 50D | |
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| Excerpt of query: | which prevails? |
| 50D | |
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| Excerpt of query: | can AO reduce share valuation of unquoted shares sod u/s 50D vis a vi s one adopted by Assessee and deny 54F to that extent ? |
| 45[3] vs 50c | |
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| Excerpt of query: | which prevails over the other , 50c or 45[3]? |
| Deduction of education of director | |
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| Excerpt of query: | Sir, If the company pays expenses for education of the whole time director in a university, is it deductible expense? Also, is tds applicable on the same? Pl clarify |
| filing in ITAT | |
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| Excerpt of query: | w e f which date online filing is mandatory ? |
| faceless | |
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| Excerpt of query: | Is ITAT going to be faceless ? when ? What exactly would it imply ? |
| Show cause notice | |
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| Excerpt of query: | I got appointed on 11-03-2020 . the CID report on character reviced on 28-12-2020 as involve in criminal case still subjudice. I got acquitted on 28-11-2022.the acquittal order copy submitted the department also no appeal pending report regarding this matter also submitted on department 27-05-2023. Now the department serve show cause notice against me on 17-06-2023 regarding CID report and may me to reply in week, s how can i reply it |
| Tapping of phone records | |
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| Excerpt of query: | Sir, Does the income tax authorities have a right to listen to the phone conversations? If so, under which provision can they do so? Please clarify. |
| Amended Law /TWIN (Old and New) TABLES for COST INFLATION INDEX | |
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| Excerpt of query: | Land purchased in 1990, for Rs 1,00,000, has been sold in FYE 31-03-2022 (AY 2023-24) for Rs 25,00,000. As per valuation report obtained from an Authorized Valuer, the FMV as on 1-4-2001 is Rs 7,00,000. In the New Form 2 for AY 2023-24, under the Schedule for Computation of “Long Term Capital Gains’’, in two of the relevant columns, taxpayer is required to fill-in, – “Cost of Acquisition” and “Cost of Acquisition with Indexation”. Expert is requested to kindly advise as to how to fill-in the mentioned two columns having regard to the stated facts? |