Dear Sir, I am a manpower supplier (recruitment vendor) to companies. My clients pay me after deducting TDS under section 194A @ 10%.
can I file ITR4 (for presumptive income from Business & Profession) for F.Y. 2017-18 (A.Y. 2018-19)?
Also, what business code I need to mention? (last year I had mentioned 0607). Further, I receive all my payments through RTGS (elctronic clearing system / bank transfer). Then shall I declare presumptive income under section 44AD @ 6% of the total annual receipts which are less than 20 Lakhs?

Dear Expert,

I work in a proprietorship concern engaged in providing transport service. But our company don't own any vehicle. We hire transporter from the market and they raise invoices in our name and we raise our invoices to our clients after adding some profit. We are registered in GST regime as a GTA. While providing our invoices to our client, we clearly mention that GST should be paid by client under RCM @ 5%.

My query is that whether the invoices received from transporter in the name of our company, we should pay GST under RCM @ 5% or not. IF yes then the amount paid in RCM by us is eligible for Input or not.

We also provide Clearing & Forwarding services which are subject to tax @ 18%. Can we use the above input to set off the GST liability against Clearing & Forwarding Services.


Thanking you in advance.

Dear Sir,
a transporter issue monthly bill for transport service given to us.
amount of bill is 7450.00
but in this bill amount of some gr/builty is 450, 780, 1050 etc,

my question is should we pay gst under rcm on 7450.00 whole bill amount or we should pay on gr/builty exceeding 750.00

kindly clear my doubt.

An individual has started business on his own PAN card, he didn't apply for new PAN Card for his business and now he wants to get TAN registration.

1) In Online TAN Registration should he select individual or branch of individual of business (sole Proprietorship) ?
2) In Form where he would mentioned his company name because in form there is no column for Trade Name?
3) If he deducts TDS on job work and file TDS return , will the Purchase party able to see his company name in 26 AS or Proprietor name on it ?

Plz give reply fast i am totally confused on it?

Dear Sir,
I was under regular GST up to 31-03-2018 and from 01-04-2018 i have converted in to composition scheme. Now i have to file composition GST Return in GSTR-4 for the period from April 2018 to June 2018. However, with the regard to the stock held on 31-03-2018 on which i have already utilized the input tax credit with the month of March 2018 GST Return itself, but the stock was sold after 01-04-2018 under composition. Now what are the computation and permitations are to be taken care. Kindly advice.

Respected Learned Members,

As per Section 181 of the Companies Act, 2013, the Board may contribute to bona fide charitable and other funds provided that prior permission of the Company in a general meeting is obtained for making contributions the aggregate of which, in any financial year, exceeds five percent of the average net profits of the Company for the three immediately preceding financial years.

My query is if average net profits of the Company for the three immediately preceding financial years is NEGATIVE, whether board may contribute to bona fide charitable and other funds or loss making company can contribute to charitable fund.

Awaiting for reply

WHETHER LAB TECHNICIAN COVERED U/S 44AD OR 44 ADA

we have a manufac. unit in delhi and doing a job work of a harayana party
is e way bill required while we dispatched ready material to haryana from local tempo and material value less than 20 k

Please guide...

If a Salaried person perform frequent future & options transaction and incurred some loss as a whole. Also turnover is less than 1 crore.
please suggest the following:
1. If Tax audit is compulsorily required for carry forward of losses in the transaction?
2. Is it a speculative business or non speculative business?

Sir, in ITR-3 where the assessee is a partner in a firm and getting remuneration, interest and SOP. it is asking for B/s and P&L a/c. also the nature of business which is compulsorily mentioned ... if assessee is not maintaining any accounts how to fill this form.?