Dear Expert,

Our Auditing concern team paying the tds amount and Corporate affairs amount through by their bank and they send the receipt itself

And we are paying the amount that particular amount through by our bank to the auditor

How can we book expenses entry for that

Please advise

Hello sir/Madam,

Can anyone explain me the treatment of availing input tax credit in case of capital goods used for business purpose ?
And ITC on useful life will be taken as 5 years is applicable to me in case Capital Goods used for normal sales.

Thanks...

GSTIN holder having sales only through Amazon having b2b & b2c transactions,
Whether they have to file GSTR 3B & GST 1 or GSTR 8 ?

We got a GTA invoice without charging GST under RCM.
But GTA has paid 5% GST and the said bill is reflecting in our GSTR2A with GST.
Can we take the said GST which was paid by GTA as an ITC?
Please advice.

Can software designer and web site designer take gst registraion under composition scheme?

Dear Expert,

Loading and Unloading charges we paid above 50000 through bank whether we have to deduct TDS or not ?

And please if tds for Loading and unloading charges let me know the percentage

Kindly help us to resolve the issue

Gross receipt ( Job Work Receipt ) Rs 8,85,455
Net Profit Rs 1,07,757 @ 12.17%

If we file ITR-4 for the Ay 19-20 u/s 44-AD while taking the effect of the above data, whether shall be levied any penalty u/s 234-F of Rs 10,000

Actually what is the slab of 234-F Penalty for the Ay 2019-20

With kindest regards

If a proprietor sells its fixed assets at a profit, Example profit before Capital Gain Rs. 5,50,000 after depreciation.Net Profit after Capital Gain is Rs. 5,55,0000. Capital gain computed as follows; WDV Rs.10,000 Less Assets sold Rs.15,000, Capital Gain Rs.5,000.at the same time Block of assets method no capital gain, WDV of the block Rs.20,000 Less 15,000, this block include two more items.
Tax Computed as follows
Net Profit 5,55,000
Less Capital Gain 5,000
Taxable Income 5,50,000
My query is how the profit from sale of fixed assets add back in Winman Income tax filing Software
Please give answer

In case of tour operator ,he purchase hotel from any where,transport from any transporter,sightseeing from another person and after consolidating make one invoice to his client charging gst @5%.In this scenario,hotel/transporter/sightseeing agency will issue invoice to whom I.e to the tour operator or to the actual client?

Dear Sir,

I am having a Private Limited company in which I am having a bank balance of Rs 9 lacs. I have already given Director remuneration to all directors.

How can I use this money for my personal use. What are the options available with me as I don't want to keep so much of bank balance in my company books.

Regards,
Divyesh Jain