Respected Sir,

Our Organisation is Govt PSU and GFR 2017 Rule 155 we have constituted local purchase committee to purchase some items costing below 250000 but after GST the total cost exceeds 250000 as mentioned in GFR Rule 2017.

My query is that the limit prescribed in GFR 2017 against LPC is excluding taxes or not. If Yes. Plz provide some written document to satisfy the Auditors also.
Thanks,
Himanshu

The purchase amount last year was debited by 100 and payment was also made for the same.
Later in this FY we got to know purchases where actually for 80 and party also agreed to reimburse the same.
so, in my Accounts in profit and loss where do i show the same , as purchase cannot be adjusted as it pertains to last year and it has been finalised.

we missed to file return as time was past 12 pm on 31.3.19 for ay 18-19.but we hv taxable income and TDS has been deducted.we shall get refund if our return would have been filed.how can wesinmit return now with penalty.

sir,

Experts can any body tell about company public interest or company public not interest.

FOR AY 2015-2016 , UNABLE TO REVISE A BELATED RETURN U/S 139(5) .
Query ?
Original income tax return filed on 29/03/2017 for AY 2015-2016 ( ITR 4S ) , BUT I WANT TO REVISE THAT RETURN 139(5) AND THAT'S WHY When i am trying to file that revised return , but an error msg has been shown
" due date has been expired under which section original return filed " i.e, belated return cannot be revised ,
So at present i cannot revise or rectify that return , but i want to change that return AY 2015-2016 as early as possible .

how is it possible and under which section ?

( NOTE : ONLY QUALIFIED CA CAN REPLY THIS QUERY )

Regards.

An NRI is earning income from business in India during the FY 2018-19 & his turnover from business is about Rs. 45 Lakh.

Now,
1) Is he liable to get his accounts audited u/s 44AB of IT Acit, 1961?
OR
2) Is he file an IT return for AY 2019-20 u/s 44AD
OR
3) He is liable to maintain accounts only and file IT return without getting his BOA audited u/s 44 AB of IT act, 1961.

Please Help.

Regards

Hello..One of my relative have not filed Income Tax return for last 4 years. He is NRI. Now he wants to file returns, but he forgot his Login Password. Trying to recover password, but only option to recover password is OTP on phone.
Now the problem is the mobile was of India, which is currently unactive.
What should I do?

MY CLIENT FILED I T RETURN ASSESSMENT 2017-2018 AND ACKNOWLEDGMENT NOT SEND TO CPC NOW THE RETURN NOT PROCESS BY THE CPC NOW WHAT SHOULD I DO NOW PLEASE GUIDE ME

Dear Sir,

Cash payment to Transporter is limit Rs.35000/-

Is Limit for per Transpoter or per day payment ??

Thanking You

Sir, a demand arose for my revise return as i only e verified my revised return which was filed after the due date....now sir i paid the challan 5 days ago....what is to be fone now....i cant file a revised return with the challan cause 31st march has passed but i had paid the challan on 29th march....please guide me what to do cause it is still showing the amount as pending in demands..