Dear Expert,
We are running Partnership firm(Franchisee of Dr. Lal Path Lab) from last 4 years, in last FY our Turnover was around 6.50 Lakh and we decided to closed the same and we had closed the same firm in mid of the last year.
we had run our business on Rental premises and having some Fixed assets, some Debtors , some Loan & Advances, now after sale of the same business, we got one fixed amt (without valuation of any Net assets, debtors, etc).

Please suggest how to close our books of accounts and do final, we need to Make other accounts ? (except Balance Sheet, Profit & Loss account) or pls provide Formats

It's urgent

Thanks

I got RSU(Stock) in 2016(March) from my company that shares got Vested in 2019(Feb). I haven't sold that share yet. As per my understanding I should filled ITR 2 for last year (AY2019-20) and need to delclared Vested shared information in foreign Assert sectiin. But that time i haven't much Idea so I filled ITR1 and not declared the that in foreign Assert.

Shall I need to filled revised ITR2 from for AY 2019-20 with mentioning foreign Assert or U can show that in this year ITR2 ?

My Sister is Makeup Artist and she is doing Makeup on Booking Basis in Marriaege for Bride and aso she is taking clients from online app "Urban Clap" and giving home service through this app.

which section is applied for her ITR.

i earned ₹620495 Capital gain from sale of residential property and i have no other income.can you tell me how much is my tax liability??. and can i avail basic exemption limit.

FIRST OF ALL MY REGARDS TO ALL OF YOU

FOR BELOW 5 CRORES JUNE 20 GSTR-3-B FILING DUE DATE IS 23-09-20. WHETHER GST PAYMENT DATE IS ALSO THE SAME AS 23-09-20 ?

PLEASE GUIDE ME AND OBLIGE.

Sir

In a salary slip from which amount should the PF deducted. Is it 12% of Basic salary or Is it
12% of Gross salary. In our Company we calculate as follows:
Gross minus HRA* 12% if Gross amount is less than Rs 15000. If Gross is more than or equal to 15000 Rs 1800 is deducted. But in many companies payslip I find that PF is calculated on Basic salary.
Which one is correct. Thanks in advance.

Hi,

My company has 2 ex employees who is supporting the company for business after retirement. I need to pay them around 30000 per month for which they will not provide any bill. Kindly suggest me that in which expenses head i have to account the same.

Consultancy Fess Bill Amt Rs.15,00,000/- but amt received F.Y - Rs.3,00,000/- .
how many amount show in ITR Return.
E1 Gross Turnover or Gross Receipts
(a) Through a/c payee cheque or a/c payee bank draft or bank electronic clearing system or prescribed electronic modes received before specified date

Respected sir,
I receive rent on on factory, ( less than 5 lac ). The TDS is also shown & filed. I have no other income. Last accounting year I filed in ITR FORM 2.
In MARCH 2020 I had sold a plot & had LTCG for 39 lac . I had already paid the taxes for the same .
Now I could not fill ITR 1 ( in other sources of income ) as I have to fill LTCG.I could not fill ITR 2 as it takes AMT - UNDER SEC 115J or the income is less than 50 lac. For ITR 3 - I am not running a business etc , & how do I fill it/
Pl guide me sir.

Thanking you very much

Kumar

Is there any turnover limit in GST law or rules for maintenance of stock register? Is it mandatory for all the registered persons to maintain such record alongwith other prescribed records irrespective of turnover limit? Please clarify.