Hi,

I Have taken long term from one of my friend with a certain rate of interest per year and I am planing to make the payment after 3 years. how could i make the journal entry for outstanding interest for Current year and how it balance in balance sheet.

Outstanding interest i can take liabilities side in Balance sheet but how it match to my assets.

Dear Experts,
Please clear on Notification no 01/2019 of CGST as per notification Registered person has to be follow the Notification No 08/2017 CGST to Pay RCM on Unregistered purchase.
Kindly clear on the same.

registration application cancel vide order in reg 05 as per rule 9(4) on the ground that the query remained unresolved (no submission in response to scn in form reg 3)

now what remedy available
1. file appeal or
2. again go for registration as a fresh

EXPERTS,
ANY TYPE SERVICE WHETHER LEGAL OR PROFESSIONAL RECEIVED FROM ADVOCATE WILL FALL UNDER RCM UNDER GST ?

can I consider the rebate under section 87a before arriving at the total income for the purpose of form 15h for the financial year 2019-20. If I consider the rebate my tax liability is nil. If I don't the liability is Rs.2500. In other words am I eligible to submit form 15 h ? I am a senior citizen aged 70 years. Thanks

I have filed appeal form 35 in respect of individual and I have paid appeal filing fees in challan 280 in minor head 400 as other payments. I am not sure about which minor head should be selected minor head 300 or 400?????

Dear Expert,
I have 2 queries, regarding if Employer given Gift i.e. one month Salary Chq (Rs.45000/-) to his one employee on his Marriage i need following clarification:
1) This amt received by Employee will be treat as income and need to be add in his computation of income or this will be exempt under any section ?
2) This amt given by Employer will be book under P& L Expense a/c and is there any things need to be do by company?
Please suggest
Thanks

Dear Sirs

I am running an Ayurvedic dealership of a prominent Ayurvedic company. I will get a commission of 22% on MRP. At the time of billing, my parent company will bill us for a price 22% from the MRP. For example, for a product with MRP of Rs.105/-, they will show the bill like, this, . Product cost-Rs.100,Less: Discount Rs.23.10 CGST2.5% Rs.1.95 and SGST@2.5%-Rs. 1.95. My doubt is, do I need to pay GST on Rs.23.10 which I am getting as discount. The parent company is showing the discount amount on all purchase bills. Kindly reply and help.

Sir,

Please emergency reply,

-One my client received Rs.75 Lakh against sale of share to other person
- When share purchase then valued was Rs.30 Lakh
- Difference of Value Rs.45 Lakh
Please provide any best option for investment of 45 lakh towards saving 20% IT (Capital Gains)

-I studied section 54 EC * Home-actual 4 Home names of my client

Please provide best/safety option for investment the same

Please reply

Hai Friends,

I have file my original return for AY 2017-18 well within time and I received a intimation u/s 143(1) and then I came to know that TDS for one month was not taken in my ITR. I rectified the mistake and file a rectified return (by giving TDS credit mismatch only under that tab by giving the actual details). The Department issued 154 order without taking that credit and a demand was determined. What is the possible remedy for me as of now?

Can i revise my original return and show the correct amount of TDS?

Thank You and Regards,

Sarath