Hi,

I have a building, and the building is under repair and maintenance for this I have been charged some money.
the maintenance and construction work has been doing by local laborers.
Here my question is the cost whatever I incur to renovate the building must be shown in P&L or in Balance sheet as a Asset or as a Expenditure?.

Dear Professions,

If any trader is importing e-journal service say Rs. 100 now he has to pay Rs. 18 as IGST on RCM (Total Purchase cost Rs. 118/-)
now, he supplied this service to the college which is exempt from this service. Now he supplied this Service for Rs. 100/-

Means sale of Rs. 100
purchase cost Rs. 118 (incl RCM)
as he has to RCM from his pocket? or there are any provisions on this service. and RCM is not allowable as a refund. Please clarify this situation.

What is maximum allowable limit of 80CCD(2) (Employer contribution of NPS) deduction from Salary as per Income Tax Provision. if it added in salary first and then claim for deduction in sec 80.

Due to various reason i have neiher filed GST return sinc 2017 nor any business trancation. On 14.02.20 received a order for Suo Moto cancellation of GST w.e.f. 31.12.2017. There is order for payment without mentioning amount. Should i ignore it?

Q1) If I buy Diary for distribute client as gift and expenses booked in my books as marketing expenses. In this case I am liable to deduct TDS if invoice value is more then 35000????

Dear All,

Can we file Income tax return for A Y 2017-18 ..any possibilities...????

SIR'
WHEN A PARTNERSHIP FIRM BOOK OF ACCOUNTS AND TURNOVER OF THE FIRM IS BLEOW ONE CRORE AND PROFIT IS BELOW 8%(INCLUDING PARTNER SALARY AND INTEREST)
SALES RS.70.00 LAKS
SALARY & INTEREST RS.3.80 LAKS
NETP PROFIT RS. 10,000/-
IF APPLICABLE U.D 44AB OR 44AD
THANKS

Is there any liability of TDS on payment of processing charges by a residential company to Export import (EXIM) Bank. Is EXIM Bank regulated by Banking Regulation Act?

Dear Expert,

Expenses booked last year but payment not made and tds also not deducted

So i can i book tds entry this year ?

SIR'
WHEN A PARTNERSHIP FIRM BOOK OF ACCOUNTS AND TURNOVER OF THE FIRM IS BLEOW ONE CRORE AND PROFIT IS BELOW 8%(INCLUDING PARTNER SALARY AND INTEREST)
SALES RS.70.00 LAKS
SALARY & INTEREST RS.3.80 LAKS
NETP PROFIT RS. 10,000/-
IF APPLICABLE U.D 44AB OR 44AD
THANKS