I have an income from Salary with Private Organisation

A part from Salaried income, i have taken Tax Saver Mutual funds which are subject to tax liable under 80C section on 1-Jan-2017.

I also have Shares which are brought in 2012 for a worth of amount xxK and is now of worth xK (shares are in loss) where i haven't sold the shares till date. Can i show the share's under Capital Gains as loss (Note : I haven't sold the shares)

Please guide me on IT Returns form to be filed.
Under which section of ITR, i have to file the Captial Gains (Loss) .

Thanks in Advance

We do Purchase Fabric @ 5 % GST as a Raw Material, then our workforce work on it to make it complete Saree. The prices of Finished Saree are in between Rs. 500/- to Rs. 3000/-

In our GST Return we claims ITC of GST paid on Fabric Purchase

We did study that what would be the tax rate on our finished output i.e. Saree.

In one article it was written that GST @ 5% shall be charged on Saree price below Rs. 1000/- and GST @ 12% shall be charged on Saree price on or above Rs. 1,000/-.

In another article it was written that if GST @ 5% is charged on Saree then the Seller can not claim ITC of GST paid on raw material (Fabrics).

In another article it was written that Saree is considered as Fabrics only and hence, all sarees shall be levied GST @ 5% only.

We are very confused. Hence, We request the Experts to put some light on above issue and please clarify the GST Rate.

We asked the above query at CBIC Helpline number, but they didn't respond.

Sir i have a question , What will happen if Turnover shown in ITR 3 or ITR 4 (44AD case ) with Turnover shown in GSTR is Differ.

1. 139 (9) Defective Return.
2. Demand Notice us 141 (3) for Difference Turnover.(if Turnover shown to IT is less than Turnover shown in GSTR )
3. Notice From GST authority (if Turnover shown in GSTR is less than Turnover shown to IT departments)

Can a partner become the CEO of the Same partnership firm and draw additional salary for the role.?
Is the salary as CEO liable for the calculation under Section 40(b).

Dear all

There is a charitable trust in Kerala promoting education is intended to accept some funds for its working. A non resident is willing to deposit an amount to the trust.

Please let me know the procedures required to complete if the receipt is in other than Indian Rupee. Also please enlight whether there any compliance required if the receipt is in Indian Rupee itself.

Thanks all for the valuable time and support in advance.

Sir,

Our nidhi company was incorporated on 20/12/2017.I want to know what all annual compliance to be followed and what all forms to be filed ,due dates of the same.

Dear Sir

Will GST Tax Collected on sales be included in Total Turnover or Gross Receipts u/s 44 AD ??

Please advice

HI Expert,

I am Salary person as well as getting partner remuneration, which ITR is applicable to me FY 2017-18, I had used ITR-3, but there was not any details for Partner remuneration.
Kindly suggest me which ITR applicable and in which sheet i have fill remuneration details.

Thanks

Can a subsidiary become party to the agreement if it is not a signatory to the Master Agreement entered by its Parent company? Language used in Master Agreement is 'ABC Inc and its affiliates' and signatory to the Master Agreement is ABC Inc (i.e Parent Company). Will the subsidiary company will become party to the agreement in this situation as the parent entity has used a language as 'ABC Inc and its affiliates'?

Can you please give document reference as well?

Dear Sir
Final product manufactured by Assessee is exempt from VAT & CST.
Department argued that government is losing revenue if assessee applies for C Form.
This is because at the time of purchase of material against C Form assessee pays 2% CST whereas after the same material uses in manufacture of Final product , assessee do not pay any tax since it is exempt.
Had assessee purchases the same material from the state it would have paid 14.5% VAT. Thus there is loss of revenue of 12.5%.
Hence , assessee cannot apply C Form.
Is the view of the Department correct.