Sir/ Madam,

My GST sales is Twenty Six Lakhs but my Bank transactions is more than One Crore how to show the balance of bank transactions in my Income Tax Returns for the year of 2018-19.

Sir,

ITR - 2 their is a column Gross Salary - Salary as per section 17 (1) under there are various option available my doubt is Bonus received during the financial year 2018-19 which option shall i select to correct the return.

Kindly solve my above query.

Thanks & Regards.

Dear All

We have not filed in Trans -01, FY 2017-18.
if possible to Trans-1 claim Form GSTR -9 Annual Return?

Thanks
Santhosh

I have to file GSTR1 what is cess amount of b2b sheet.

Sir

9(4) reverse charge was suspended up to september. whether composition dealer has to pay reverse charge for purchase from unregistered dealer.Please reply

Thanks in advance

Dear Sirs,
Sec-34 of GST restrict to issue credit note to the customer against sales return not later than September following the end of the financial year in which such supply was made, or the date of furnishing of the relevant annual return. We are in trading activity and some times get return of goods from customer even after 2 years. GST is silent on this case. during VAT regime we use to take back material without reversing VAT/CST amount. can you please suggest how to take the material back and how to disclose these material in GST return.

IF A LOCAL AUTHORITY MAKES A CONTRACT FOR CONSTRUCTION CONTRACT FROM A DEALER WHO IS REGISTERED UNDER COMPOSITION DEALER THEN
1 ON WHICH AMOUNT TDS IS DEDUCTIBLE BECAUSE COMPOSITION DEALER CAN NOT MAKES INVOICE SHOWING TAXABLE VALUE AND GST AND TDS IS DEDUCTED ON TAXABLE VALUE
2 HE IS REQUIRED TO PAY 1% TAX THEN WHAT IS THE LOGIC OF 2% TDS AND HOW THIS 1% EXTRA TDS IS ADJUSTABLE

We have private limited company and we have taken Rent Godown from Food Corporation of India ( FCI ) and also paid rent 99000/- per month Rent so TDS is Applicable or Not Applicable , Kindly Clarify

Thanking you .

Dear Respected member,
Kindly help me in following query

Can a Pvt. Ltd company pay Professional fee instead of salary to its director, director having professional qualification.

`A’ has constructed an office building (on a self owned Plot) comprising of Ground + 5 floors. `A’ has shown the said Land & Building as Fixed Asset in his Balance Sheet. The said presentation has been accepted by the Income Tax Department. At present `A’ is using the entire Building for his Office purpose for himself, his sister concerns and for the Ltd. Companies in which he is a Director. `A’ now wishes to give a part of his Fixed Asset on Leave and License basis. The said Building has not received an Occupation Certificate from The Municipal Corporation of Greater Mumbai.Queries:

1. Will the said income generated be treated by the Income Tax Department under the head of Business Income or Income from House property?

2. Will the rest of the Fixed Asset be charged Notional Rent by the Income Tax Department in view of the letting out of the part of the Fixed Asset.