A gst composite scheme dealer sales of medicines every quarter cmp-08 composite return filed . dealer another exempted income from clinic rs15 lacs.
Question:
Dealer composite return taxable turnover only or exempted turnover rs15 lacs both turnover shown in composite return.

briefly explain me about "Balances with Revenue Authority" in Income Tax Return.

there is income tax payable for year ending 31.03.2021 is 4657850/. on which i have to pay surcharges +cess..
my query is weather i have to compute surcharges at 25% on entire amount or 15% up to 2 crores and on balance @25%
kindly explain. as it is urgent please give your valuable subjection.
thanks in advance
K.B.Nagesha rao
9448826793

The Assessee is an NRI and buying a property in India.

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I am holder of equity shares of Atlas Copco India Limited.

The shares of the company are delisted few years back. Recently company has redeemed the shares. The sale proceeds received by me has been treated by the company as deemed dividend in terms of Section 2(22) (d) of the income tax Act.

I will have to show this deemed div.as income from other sources.

What about the cost of share purchased by me. can I claim it as deduction from the other income in my income tax return ?

Please advise.

Cs Pankaj Ajmera.

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SIR
Mr.X who is an unregistered dealer buys the products from a Private Company and sells to the party Mr.Y (i.e) the end user. The turnover during the year may result below the exemption limit of Rs.40,00,000/-p.a.

My doubts are,

1] Mr.X receives invoice with GST from Company and bills to Mr.Y without charging tax but with his margin.
Can he do it ?

2] Mr.X has to issue e-way bill on sales to be made to Mr.Y ?

3] Mr.X ,not a registered dealer, is covered under the cash transaction limit of Rs.2,00,000/- for a bill?

4] Mr.X should file ITR1?

5] Can Mr.X do his business at home itself without any further place of business?

6] In case Mr.X pays freight on outwards, how gst provisions are applicable on that freight?

7] In case Mr.X closes his business in the middle of the year, should he inform to any dept.?

guide me plz
thanks in adv