Respected Sir,

We are having one Partnership Firm client, for claim Partner Remuneration U/s 40(b) from Book profit Audit from Chartered Account is Mandatory or not. Our Client Having turnover only 6,50,000. if he Declare profit without partner remuneration he will pay Rs.15600 plus Cess. Is there any solution for claim Partner remuneration without Audit

Hi friends,

One of my friend is a trader of goods. He is a registered dealer and paying tax on supply of those goods. In addition to that he also had a comercial property on which he is earning rental income..

Turnover from Trading is Rs. 20 Crores
Rental Income is Rs.96000/-
My doubt is whether gst is leviable on rental income? Since rental income is not earned in the furtherance of business?

dear sir,
we have a pvt ltd company,engaged in import from China.
sir, in year 2015 we import product via two commercial invoices
under one BOE, one invoice cleared but another are pending because
of the payment made to sister company and invoice was made by group company.
there was a deference between shipper and payment receiver.
now can we made correction in BOE wide entering the name of payment receiver
in BOE (but the BOE already submitted with first invoice,there was no problem)
sir, please suggest how we resolve this problem?
my e mail : mk.sharma24678@gmail.com

Dear Expert,

A pvt ltd assessee has milk chilling plant. It collects milk from farmers and preserve it for chilling . After chilling it sells to dairy. No any other process carries on except chilling.

My question is whether milk chilling process is liabile to GST ?

If not kindly quote the notification number

Thanks

Dear Experts,
Pls clarify:- section 16(2) of cgst act. And rule 37 State that if No payment is made to the supplier within the 180 days the ITC taken shall be added back to the output liability. Pls tell me if anyone has not paid within the stipulated deadline than how the ITC shall be add back to the output liability! Pls clarify with an example if possible....

Thanks In Advance
Karan

Hello dear Expert We got DIC and CLCSS subsidy that amount is taxable or exempt if not then that amount invest in any government bond scheme for deductions under income tax

Hi,

I want to know if challan serial no wrongly quoted while filling return ,then what is the process to rectify.

How do i revise correct challan no if already TDS return filled.

Thanks

What is the basic difference between GSTR-9 and GSTR-9-C ? Please guide me and oblige sir,

Hello Sir,

I am doing swing trading in cash ( ie I hold shares for 3-5 days ) and sell it. I am having a small loss.No trading has been done in F&O and intraday. Only in equity cash segment.
I also work in an IT company and tax slab is 10%.

Do I need to have tax audit if I need to carry loss for 8 years?And does it come in non- speculative income.

How will it be taxed and which ITR form should I fill.

Please help.

Regards.
Pranav

FY 2017-18 turnover Rs.1.31 core individual return of income was filed by tax audit due to net profit less than 8% ( 44ad case ). FY 2018-19 turnover Rs.50.00 lakhs net profit Rs.5.00 lakhs which is more than 8% if return of income filed u/s 44AD five years blocked to file u/s 44AD. FY 2019-20 turnover will be estimated Rs.1.25 core but net profit will be less than 8% to be tax audited. (i) can we file return of income FY 2018-19 without tax audit in ITR 3 with profit and loss account and balance sheet instead of filing ITR 4 u/s 44AD (ii) can we file return of income FY 2019-20 by tax audit without block period or it will be filed compulsory u/s 44AD by adopting income more than 8%