Hello Sir/Madam,
Vehicle fancy number can be capitalized or it can be considered as fixed assets in the books of account , please guide me.

Thanks
Rocky

I am a NRI and getting salary from foreign employer in that country which is taxfree. Now i am sending the money from Foreign Country to my NRE account at India and making online FD from NRE Account. The NRE FD is showing in SFT Transaction in Form 26AS.

Whether I need to show the transferred amount to NRI account as exempt income or no need to show the same in Income tax Return.

I am working for a hospital which is trust and its turnover is 150 cr. As per the GST rule from 1st January 2021 who's total turnover above 100 cr need to do E invoicing. I have bellow doubts kindly please clarify me with proper steps.

1.Hospital service is exempted services and only we are paying GST for the pharmacy sales only hence is it required to do E INVOICING?

2. Hospital services will be provided to end user only hence is it required E invoicing?

3. IF E invoicing is required to me implement is it required for both Exempted and taxable services ?

Kindly please clarify the above and help me

Dear expert
suppose seller sold the goods to party last month and within one week party refused to take goods more. then seller transferred the stock to his nearby 2nd party same day. he showed credit notes of 1st party divided in parts (due to e-way bill ) and generate sale invoices to 2nd party of same stock in last month. is it right procedure for this situation ?? what if 1st party give him debit note for the same in current month as he showed sale return in last month.?? please give your suggestion. thanks in advance.

In a Pvt. Ltd. Say in FY 2019-20 director remuneration is paid Rs.1800000 annually and there is contract with director that he will be paid variable pay of 1% of profit greater than Rs.3.00 cr.

Now Profit came Rs.4.00 Cr for FY 2019-20 and Rs.100000 paid to director as a variable pay.

Now question is Rs.100000 provision to be done on 31/03/2020 and to be shown in Form 16 of Director for FY 2019-20 or it will be part of salary of FY 2020-21.

A gst registered regular scheme dealer gstr3b sales turnover details mentioned below
Sales as per books Rs:65,00,300/-
Sales as per 26as Rs:63,00,500/-
Question:
Assess sales turnover amount rs:65,00,300/- or Rs:63,00,500/- show in i.t.returns.

In Assessment Year 2017-18, first time I incurred a long term capital loss and showed it by filing ITR-3. In the next AY i.e. 2018-19, i filed ITR 3 but missed to show the loss of previous year as "to be carried forward"

In AY 2019-20, due to change in nature of income, i filed ITR-1 and once again forgot about carry forward of the long term capital loss.

In AY 2020-21, I want to set off this long term loss against a long term capital gain. Can i still go ahead and file ITR 2 directly? (even though previous two years i did not show the carry forward)

A gst registered composite scheme dealer purchases and sales transaction details mentioned below in 19-20.
Opening stock value rs:10 lacs
Purchases value in the year 19-20 Rs:15 lacs
Sales value in the year 19-20 Rs:28 lacs
Closing Stock value rs:nil
Gross profit Rs:3 lacs
Question:
Dealer closing stock value maintained nil in trade and purchases value small amount any problems future in gst act.

hello, for fy 2018-19 annual return in gst, portal asking aggregate turnover of previous fy , when, registration was taken in fy 18-19. There was not business in fy 17-18. What amount to feed in said column. Valuable opinion is highly appreciated. Thanks

Dear All,
I am receiving the commission for receiving the payment for Currency Exchange.
The mechanism works like I received the money in bank account from agencies like Western Union etc and then through cash distribute the money to the customer.

for tax audit purpose how is the turnover should be calculated?