Deepak Kumar Mohata
614 posts

Deepak Kumar Mohata
@DeepakMohata
A practising Chartered Accountant and an ex-banker by profession, a thinker by hobby and sometimes a poet at heart








Dear @IncomeTaxIndia there is no defect in the ITR5 of my client firm but still got defective notice. Have responded as below. The taxpayer has not offered any income u/s 44AD and even filled the BS & PL in the ITR filed on 30.7.24. Audit is NA. Totally incorrect processing byCPC


hate being 21 and unemployed how do people have it in them to study until 25

To make it competitive, this team has to time travel and play Australia in 2003!

#BigProblem In FY 2017-18 there was so much confusion over the various provisions of GST. Due to that, in many cases, CGST+SGST has been paid as IGST or Vice-Versa Another: ITC was of IGST, claimed as CGST-SGST and adjusted against CGST+SGST Liability or vice-versa. Now there are Demands against these, and the Department is saying to deposit the correct tax and claim the refund. I agree that their view is right and legal, but considering teething problems at initial stage of GST, the Government should come with relaxation in these cases and provide relief as neither there was malafide intention nor there is loss of Revenue. Such transactions are Revenue Neutral and amount can be adjusted between State and Centre due to such corrections. What is your view, friends? Whether relaxation is needed or not? Do you support this view?

Negative impact of amendment in sec 43B where payment to 'micro' or 'small' vendor registered under MSME Act, is not made within 45 days, the expense from MSME shall not be allowed under Income tax. Now small businesses loosing business @FinMinIndia pl. Clarify the purpose


