Sir,
Is possession of assets constitute disproportionate to known source of income even if the assets acquired through legal means.If someone did not intimate to his department to some of his assets but the assets one's posses is legal then can someone be found guilty in court of law?

Hi Team,
Our company brought a car on which I have paid TCS, I have included this TCS in Fixed asset ledger. Whether I can claim TCS paid on these purchased item in companys net tax liability? This TCS is showing in companys 26 AS statement .Also provide the entry to be recorded.

One registered regular dealer trading kirana business.total turnover 2017_18 rs.70 lakes.but I.t return not filed.recent notice received nonfiling of returns (nms) sft code 003 from I.t department.
1) notice reply submit only.
2)I.t. return filed compulsory.

our client entered into partnership in 2014 with 3 partners. but due to some reason we did not filed deed for registrar of firm mumbai. now one partner is death 2018 december and they want to draft reconstitution deed which they want to register to ROF Bandra. now my query is how to submit new deed of reconstitution even old one is not registered in rof. what is procedure to complete this task .

Dear CA Club Expert Members,
I have query regarding GST on restaurant business,
There is entity which is in restaurant business. Its Head office is located in Delhi. There is central purchases and all the purchases are made in the Delhi Head office. Now the goods purchases are distributed to its registered branches located in another state in two ways

Some of the goods are distributed as it is without any processing and some of the goods are distributed with some processing like converting the stock into gravy form (Liquid form) and then sending the goods to branch
Now I want to know whether GST need to be paid when goods are sent by restaurant to its branch located in another state and it so at what rate.
Here sale is not made to end consumer by to another entity registered under GST.
As per the GST council decision restaurant will charge 5% GST without any ITC So if we charge GST Will the another branch paying GST will get credit for the GST paid on its purchases ?
Also tell Whether the Head office that is selling goods to another branch can it deduct the tax paid on its purchases from the tax collected on selling goods to its registered branch ?

Expenses incurred for repair of concrete road to pevar within the Petrol Pump are of capital or Revenue nature??

we get transport facility from several transporter all having more than 10 vehicles but its bill amount not more than 30k and aggregated 75k than we are liable to deduct TDS from his bill amount. plz calrify .
and what if they have less than 10 vehicle.
Thanks

Please respond :
1.the complete payment to a vendor is made against which invoice?
2.when the advance payment is being released to the vendor?
3.when tax is being received - after complete payment has been made or before making complete payment?

Assessee is a salaried individual who is also involved in share trading. He has accumulated losses in intra day trading (speculation) as well as short term capital gains. Please guide on the following
Which ITR form he has to file?
How can he claim speculative loss in return if he is not maintaining books of accounts?
For how many years the loss be carried forward?
Whether tax audit needs to be done for claiming losses if turnover does not exceed 2 crores
Thanks

Dear Sir,

I am filing a return of December 2018 and want to claim input tax credit of January 2019. The date of filing of December 2018 return is 8th February, 2019. I have the credit of January month at this date. My question is whether such credit is allowed taking into consideration the above dates.

Regards,
Divyesh Jain