Dear Experts,

I have kept some business assets ( Furniture, Electrical installation, Tools & equipment and cars) in my books of account, now i want to closed my business and sold above assets, Above assets purchase before GST regime and claimed MVat & central excise and as per tax audit block of above assets is nill. I have purchase furniture in FY-10-11 and till date wdv is-1.36 lakh as per books & as per income tax, and electrical installation & car purchase in FY 10-11 and wdv as per books is 5.55 lakh but as per Income tax wdv is nill, Tools & Equipment purhcase in FY-12-13 and wdv is-1.95 lakh as per books and as per it wdv is nill. I want to sale above assets, so how i can calculate GST payable on above assets, In case of Car I have not taken Central excise & M Vat credit.

Thanks & Regards

MY CLIENT IS AN LIC AGENT. HE GETS COMMISSION FROM LIC. THERE ARE ALSO DEDUCTED SOME TDS . NOW HIS RETURN WILL FILE IN ITR 3 . I SELECTED HIS NATURE OF INCOME AS BUSINESS & PROFESSION AND HIS TDS TYPE AS OTHERS SOURCE.
NOW MY QUESTION IS,
1)WHAT IS HIS NATURE OF INCOME WILL APPLY HERE? BUSINESS AND PROFESSION OR OTHERS SOURCE?
2) WHAT IS HIS TDS TYPE WILL APPLY HERE?BUSINESS AND PROFESSION OR OTHERS SOURCE?

Dear experts
a partnership firm has been closed the business by slump sale. A new partnership firm has taken over the business.
How do we file ITR of old partner ship firm? There is no balance sheet on after slump sale? Then how can we file ITR without BS?

What is the procedure to surrender PAN?

Can you please help to me to resolve it?

The Assessee filed ITR and claimed deduction u/s 54 instead of 54F. Assessee submitted letter with request to consider deduction u/s 54F instead of 54 during the course of Scrutiny. Whether Assessing Officer is obliged to apply as per legality that is to consider it under 54F or can we consider the request of the assessee.

sec 73, 74 details of gst

Dear Expert

As per Notification No:20/2019 dt:30.09.19 GST rate has been reduced from 18 to 12.

We are Register manufacturer and sending Job work to other Register Job Worker for doing Job Work.

Kindly advise in CBIC site they have mentioned both 12% and 18% rate as per below

HSN SERVICE CATAGORY RATE
9988
INPUTS OWNED BY OTHERS SERVICES BY WAY OF JOB WORK 12%

9988
INPUTS OWNED BY OTHER MANUFACTURING SERVICE physical 18%

Kindly confirm which % tax to be charged
inputs owned by others

Dear Sir,
in tally while making purchase entry if i would to add (e.g. custom duty or freight payable to shipping line) cost payable to third party and not to give credit to supplier .. how to do that?

helo,
I am likely to join my PPF & ESIC, so my query is that when i am joining these both security schemes i am a resident of india, but later within the maturity period if i become a NRI, can i deposit the monthly amount and withdraw after the maturity period being a NRI after joining.

can a newly formed company appoint a company asits directors

Mr.A. is a Salaried Employee (in X pvt. ltd) as well as partner in partnership firm (yz & co.,) had Remuneration and share in profits.

Yz & co., accounts are covered under tax audit..
If Mr.A accounts not covered under tax audit.

What is the due date filing IT Return of Mr.A?
If Mr.A covered under tax audit, is there any change in your answer?