A trust having 12 A registration.
The main object of the trust is running a special school for differently abled children.

how we have to incorporate the receipts and expenses of this school in trust accounts.
Whether the expenses are shown in application of income on Revenue account ?

my friend has paid igst on freight charges paid to goods transport agency can he claim itc .

It is a organisation mostly funded by govt for public welfare activities. we have already issued the audit reports BS & R&P a/c but they are not published for public yet. Now we want to put a qualification on the audit report on some issue which has been clearly mentioned in ML.

What is the procedure, whether the audit report will be revised or re-issued , in case it is to be re-issued or revised, i have following doubts

- whether audit report date will be changed
- whether UDIN will be applicable since the at the time of issue UDIN was not mandatory
- whether the issue lead to qualification should be mentioned in the management letter apart from written in revised audit report.

Sir, I have a staff working in my Company in Kolkata , Please let me know the bonus which I have to pay? Is The Salary I paid him in the financial year 2018-19. Or as per the current salary of financial year 2019-20 which has now been increased.

My Client has Turnover of 40 Lakhs in last year, and he is doing Profession Business,

Do we Need To deduct TDS in Current Year as last Year We have audited the Financials??, OR We have To see the Limit of 50 Lakhs in as given in Section 44AB for Deduction of TDS?

Hello frnds,
I want to ask if there is a branch transfer of goods or capital items from one state to another state .whether GST applicable on this transfer .

1) If goods are transnferred. Not for further supply is gst applicable

2)If goods are transffered for further supply is gst applicable

And

3)if capital items are transffered to interstate is gst applicable

Would also like to know that the mode of transport used in above cases. Is gst applicable on this means of transport

As per Notification of GOI Depreciation rate for vehicles (Including Cars,Truck) is applicable only to Transport Business or it may be any Business entity.That Mean A company Purchased Car for its Director,Purchased Trucks for outward supply of Material.

XYZ is having a shop cum restaurant. In the restaurant area they are giving e.g. one plate pani puri free on purchase of one plate biryani. In my view, they will be required to pay GST only on biryani and for pani puri given free, they need to reverse proportionate ITC for common credit. Is my understanding correct sir?

Hello Experts,

Our company Import Material China and Japan. We have Appointed a Forwarding Agent whom we pay money and Clear our Imports and Send us the Material to our Factory. Now the question is are we requried to deduct TDS on the Sea Freight/ ocean Freight and Freight and Forwarding Charges paid.

We have received compensation received from government for use of land to underground pipeline of rs 600000(Approx). Whether taxable or not ? Under income tax ? If it is taxable then which head of income is to be considered and under which section ?