Submission of GSTR 3B monthly return for the months of February 2020, March 2020, April 2020

Ujjwal Mukhopadhyay -
Return Annual turnover in the previous Financial Year Months relating to Original due date Last date without late fee or interest, as applicable GSTR – 3B (Monthly) Less than Rs.1.5 crore February 2020 22nd# or 24th of next month## 30th Jun 2020^ March 2020 3rd Jul 2020^ April 2020 6th Jul 2020^ From Rs.1.5 crore to Rs.5 crore February 2020 22nd# or 24th of next month## 29th Jun 2020^ March 2020 29th Jun 2020^ April 2020 29th Jun 2020^ More than Rs.5 crore February 2020 20th Mar 2020 24th J...
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Recent Changes from Financial Year 2018-19 in computationof Long Term Capital Gain on Equity and Equity oriented and Equity oriented fund

Ujjwal Mukhopadhyay -

The cost of acquisitions of equity  and equity oriented fund acquired by the taxpayer before 1st February 2018, shall be deemed to be the higher of following:

 a)  The actual cost of acquisition of such asset; or

 b)  Fair market value or actual sales consideration whichever is lower.

The Fair market value of equity share shall mean its highest price quoted on the stock exchange on January 31, 2018. 

While in case of units which are not listed on recognized stock exchange, the net asset value of such units as on January 31, 2018 shall be deemed to be its FMV.

 some examples.

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Submission of GSTR 3B monthly return for the months of February 2020, March 2020, April 2020

Ujjwal Mukhopadhyay -
Return Annual turnover in the previous Financial Year Months relating to Original due date Last date without late fee or interest, as applicable GSTR – 3B (Monthly) Less than Rs.1.5 crore February 2020 22nd# or 24th of next month## 30th Jun 2020^ March 2020 3rd Jul 2020^ April 2020 6th Jul 2020^ From Rs.1.5 crore to Rs.5 crore February 2020 22nd# or 24th of next month## 29th Jun 2020^ March 2020 29th Jun 2020^ April 2020 29th Jun 2020^ More than Rs.5 crore February 2020 20th Mar 2020 24th J...
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Why should I make more SIP investment when my existing SIP investment is making loss?

Ujjwal Mukhopadhyay -
1. What is the specified period of loss here? 1.1. Let us take the specified period is December 2007 to March 2009. 2. Why this is loss making period? Since the NAV is falling, in the taken period the NAV has fallen from ₹ 301 to ₹ 117. 3. Why this period is significant for investment? 3.1. In a falling market SIP manages to receive more units. 3.2. For example SIP of ₹ 5,000.00 in 12 December 2007 was allotted 16.59 units, when the NAV was ₹ 301.24 3.3  On the other hand the same SIP of ₹ 5,000 was managed to receive 42.67 units, when the NAV was ₹ 117.16 as on 22 March 2009. 3.4. Hence more units were received on 22 March 2009 on same amount of SIP investment of ₹ 5,000.00 than that of received in 12 December 2007. 4. How we can manage to get more return on investment in a falling market? 4.1. In a falling market if we decided to stop SIP we can manage our valuation as follows: 4.1.1. We stopped SIP after 12 December 2007, and hence as on February 2020, our investment ...
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