Anonymous

if anyone has not filed his ITR by any reason whatsoever for the AY 2017-18..can he file the same under section 148 voluntarily??



Anonymous

Hi

In case, there is some recoverable from an employee at the time of Full and Final Settlement, what should be the accounting entry?

Is there any Accounting standard governing this?

Thanks in advance!



Anonymous
13 June 2018 at 16:20

Itr-1 or itr-4

I interned (as a student) for about 2 months in one company and about 2 more months in another company in India. I was paid stipend at both these companies. But, in one company, the stipend paid was reported as salary income (under 192) with 0 TDS whereas in other company, the stipend paid is shown as fee for professional & technical services (under 194J) with TDS @ 10%. I do not have any other income except for the meager S/B interest in my bank account which too is combined from the deposit that I was having from the money given by my parent's for expenses and from the deposit that I received from the said stipends. These incomes combined does not fall under taxable category. Now, if I want take the refund, which ITR (1 or 4) I need to file. If ITR-1, then can I combine both the stipend as report is as salary income or only income (under 192) will qualify as salary. Then where will the income (under 194J) will go in ITR-1. If ITR-4, then where will the income (under 194J) will go in ITR-4. Do I need to report S/B interest in 80TTA which is much less than 10000/-, but a part of it is not from my stiend income but from my parent's money. Can I afford not to file ITR at all if I am ready to sacrifice the TDS amount which is very less.


CA Mayur Todmal
13 June 2018 at 15:58

Bill to ship

Dear All,
I am registered under GST in Maharashtra. I have an order from dealer from Delhi to ship material to Canada.
I am going to buy material in question from USA.
Now my query is whether GST is applicable in this transaction? As it does not constitute as import. But according to place of supply is it taxable ?


R.SRINIVASA SIVA

Respected sir,

WE ARE DOING DELIVERY OF DIFFERENT PRODUCT BUSINESS HOW SHALL I ACCOUNT AND I HAVE TO RAISE CONSIGNMENT AGREEMENT TO THE CUSTOMER OR HOW TO ACCOUNT THE INCOME WHICH IS RECEIVED IN OUR ACCOUNT. GST IS APPLICABLE . PLEASE GUIDE ME


CA Antriksh Mishra

Dear Member,
Please suggest the treatment of Prepaid and outstanding expenses under GST.

Thank,
Antriksh Mishra


viswanath

dear Sir,

Please let me know, whether the sale proceeds of an export consignment can be received from various countries. One of our client is having company with same in various countries and he is willing to transfer the funds partly from various countries against same export consignment. can we accept it.



Anonymous
13 June 2018 at 14:27

Business codes

HELLO, PL LET ME KNOW THE BUSINESS CODE FOR COMMISSION INCOME AND GENERAL COMMISSION AND DALALI INCOME



Anonymous
13 June 2018 at 13:47

Gstr-1

Good afternoon Dear experts

Please Clarify My Query

In the previous month, what we amendment some party invoice Numbers those invoices numbers are showing as “No action taken on item” in the present filing GSTR1
Error report as “ No Action Taken On Item”
How to rectify this error in the present filing GSTR1

Thanks & Regards
Siva


Dipankar Chakraborty

Dear Sir/Madam,

There is a requirement for making a IT file for me by showing Rs. 4,00,000 /- as taxable income. I have no IT file till now. For loan purpose this return is needed. I have a small stationery shop. No books of accounts I have maintained. I have p.tax enrollment, Trade Licence only. My query is -

a). Which ITR I will file for a.y 2018-19.





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