ONE OF OUR CLIENT UNDERTAKING CIVIL CONTRACT WITH GOVERNMENT BUILDINGS. THEY HAVE NOT REPORTED THE TURNOVER IN THE GST DUE TO INCOMPLETION THE PROJECT FOR THE FY 2018-19. PAYMENT RECEIVED ONLY BASED ON THE M BOOK. STILL THE PROJECT IS UNDER PROCESS. BUT TDS DEDCUTED BY THE GOVERNMENT DEPARTMENT AT THE TIME OF MAKING THE PAYMENT. HENCE, PLEASE LET ME KNOW HOW TO FILE THE INCOME TAX, WHICH FORM TO BE FILED. KINDLY CLARIFY. THE FY 2018-19 AY IS 2019-20

IN CASE OF COMPANY IN LOSS AS PER COMPANY ACT AND INCOME TAX ACT ALSO. THEN WHETHER CREATION OF DEFERRED TAX ASSET/ LIABILITY IS MANDATORY ON TIMING DIFFERENCES OR NOT.?????

Drawing and disbursing authority has deducted income tax from salary .But the salary disbursing Govt treasury did not filed the relevant forms to the CBDT .The case is relate to 2012-2013.CBDT has been constantly demanding the same amount form the employee.What is the solution as far as the employee is concerned?

SIR
We are tea manufacturer. Our Tea garden is in assam. We transfer Black Tea to our Branch office at Mumbai.
Sir , To transfer Tea from Assam to Mumbai under GST, whether we are required to Issue GST Invoice and charge GST. Plz explain Branch transfer rule under GST.

I raise the service invoice today, customer takes 1 month to certify it and from thereon 1 more month to pay it.
I need to pay the Output GST tax in the current month.
Is there any way to post date / postpone raising the invoice by a month

Situation:One of our proposed client is planning to start one hospital..which is more beneficial structure - Pvt. Company or partnership?Pls guide from tax and all other benefits perspective.Majority question:1. Limitation on paying remuneration to partner or director 2. Withdrawal of capital 3. Payment of profit share

Hi,

My husband is providing services to the client outside India. He is having his own website. So people come to his website and they take subscription form the website i.e they buy hours according to their requirement. So every client pays money through Paypal. Paypal charges fees for the conversion and transfers the amount to my husband's bank. As clients are buying hours through the website my husband doesn't issue any invoice to the clients as the services are provided only when the payment has been received.
For example
Josh bought 29 hours @ 5USD. Paypal will convert this 145 USD, for this they charge 8USD and convert the 137 USD using exchange rate less than prevailing in the market. So the amount will be Rs. 9366/-

Now my query is:
1) What Journal entries he needs to do for the receipts?
2) Do he need to consider PayPal fee as well?
3) Is it mandatory that he should issue invoice to the client separately?
4) Will the journal entries make any difference if he is using quickboos instead of Tally?


Can anybody please help me? I will highly appreciate the help.

Dear sir
can you explain more about this topic
no partnership cab be made between husband and wife in eyes of laws unless some other person is also included as other partner
Read more at: https://www.caclubindia.com/forum/re-partnership-firm-formed-with-husband-amp-wife-379934.asp
scpmani@yahoo,com
regards
manickam

Sir/Madam,

In September 2019 I had intended to issue a GST B-B Invoice to ABCD Company LTD - Kollam District - Kerala with their GSTIN.
But I wrongly isuued GST B-B Invoice to ABCD Company LTD - Eranakulam District - Kerala. I already filed my GSTR1 & GSTR3B. Can I rectify this mistake to anyway?

Dear Experts

I have only lorry income. have filed the return u/s 44ae at 15,000 per month based on the 15MT capcity amounting to Rs 180,000. But some TDS has been deducted on the gross receipts of Rs 10 lakhs which is reflecting in Form 26AS, return got rejected u/ s 139(9). Reason : Gross receitps not dislcosed in the return.

How to proceed.