Ritika Kapoor
15 September 2020 at 12:58

APOB place of business in a different state

Hello, I am a seller on Flipkart from Delhi (Gst is also registered from Delhi) and wish to send my products to Flipkart's warehouse in Bangalore and Kolkata ( since I'm eligible to send products to these Warehouses). However, I'm unable to list these Warehouses in my gst portal. Can you please help me as to how should I proceed?


Sagar kaushal
14 September 2020 at 19:22

Is Tax Audit required

I have loss on f/o trading (non -speculative) loss of Rs 2,80,000
and
1.speculative profit Rs 2,110

.short term profit on shares Rs 25000

.salary income 450000

.capital gain on property selling
Rs 20lakh

bank interest on s/a
Rs 51000
how I set off non speculative loss and with whom?????
##I got answer that it can set off with any other income except salary income
But
For non speculative loss means (loss in f/o trading) Rs280000
audit. is compulsory?????
sir turn over is not exceeds 1crore, but loss in f/o trading, loss means less than 6per.. income, that's why my question is audit is compulsory ,what to do plz clarify


M.M.SURANA
14 September 2020 at 19:12

Charitable Trust

A charitable Trust recently registered u/s 12AA and for exemption u/s 80 G , during the financial year 2019-20, it has received donation of Rs 5000/- and spent for charitable purpose more than donation received, is it necessary to file Audit report for the claim of exempted income


VIPIN GUPTA
14 September 2020 at 19:09

Purchase of immovable property in cash

Dear Sir,

one of our client has purchased the property in cash of Rs 6.90 Lacs in F/y 2014-15. Is there any restriction on purchase in F/y 204-15 property in cash. If there is penalty in which section.


Rahul Katole
14 September 2020 at 18:22

FOR GST TAX PAY

R/sir,
One of my client is regular tax payer and he is work contractor taking gov. contracts like zilla parishad. he is tax deductor and filed GSTR-7.
My question is how can i show Gst @12% tax to zilla parishad in GSTR-1.
Thank you so much in Advance.


Kollipara Sundaraiah
14 September 2020 at 18:05

Inventory accounting in gst act

Inventory accounting records is compulsory for 1.5cr below turnover limit for composite dealer and regular scheme both type of Dealers in gst act.


swati yadav
14 September 2020 at 15:56

Foreign company

Can a newly established foreign company open a liasion office in india.


Pushkar Joshi

My agricultural land satisfies the conditions as specified for the rural agricultural land i.e land is situated at a distance of more than 8 km from the municipal corporation and population less than 10000. But I wanted to know if whether sale of this land would be taxable if some development was done before the land could have been sold to the purchaser.


JAYANTA KUMAR BANDYOPADHYAY
14 September 2020 at 14:51

TCS

The recent TCS (Tax Collection at Source) provisions will be applicable on purchases (other than Coal (not used for trading & Form 27C) & Import of goods) exceeding Rs 50 lakh from any vendor wherein they will recover TCS from the buyers and buyers need to account for the same as TCS credit similar to TDS credit. Kindly enlighten on this.
Regards,
Jayanta Bandyopadhyay
Howrah
14/9/2020


Neha Anand Dhakorkar

Immovable property having Market Value Rs. 33,00,000 and Stamp Duty above Rs. 50000 is received as gift from relative (Father's Sister and Her Husband) , is it Taxable under Income tax?





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