In case of F&O turnover is sum of negatives and positives i.e. in one case I have 50000 profit and in other case 10000 loss then turnover is Rs.60000/- for the purpose of tax audit. However the question rises in my mind is whether this figure is to be shown in P & L account of ITR-3 (old ITR-4) and if this figures is to be shown as turnover in P & L then how we can reach the actual profit from F& O which only Rs.40000/-. Please guide

Thanks

Please elaborate the provision if any regarding whether a corporate can give loan to another corporate?

Dear sir,I have filed SPICe Form, but my bad luck they have rejected my form two more times, now my question is whether can I claim refund from MCA which I paid of Rs 80k at time of filling If yes please tell me what is procedure?

Suppose if I send goods amounting rs 30000 in a transport to m/s A Pvt LTD company. And another firm sends goods amounting to rs 30000 in that same transport to m/s A Pvt LTD company, which gets loaded in the same truck. So do we both have to issue eway bill. ?
Also is what eway bill needed for distance less then 10 km.

Dear Experts,
I had issued a Two Tax Invoice Nos. 1 & 2 of Service on Feb, 2018 to the Party. I had also deposited GST against these Tax Invoices but still I have not received any amount from the party.
Now, Party said that they did not considered my Tax Invoice No. 1 in their books and also not shown in their GST Return, due to some reason. Party want New Tax Invoice in current date.
now, what options I have to rectify this issue?
Pl. clear this issue.
Thanks in Advance.

Dear Members,

My Company has to make a professional fees payment to an individual unregistered person inter state.
my query is whether we are liable for RCM in that case. please reply.
thanking you

Dear Member,

Please let me know the consequences if Invoices issued has been signed by the person other than authorized signatory.

Thanks

Hi,

There are Four Partners A, B, C and D in the firm, Each have the share of 25%. now A and X enter into arrangements in which 25% of A will be shared between A and X. and if any capital contribution arises X will give to A and A will invest in the firm. in the firm partnership deed, only A is shown as partner, not X.

my question is an agreement between A and X is legally valid or not and what type of agreement its called partnership or joint venture??

Advances received in the month of March 2018 have erroneously been shown under B2C Invoices in GSTR-1 filed for March 2018. How do I rectify it?

Sir,
We have private limited company, in this company we are having 55 branches.
My query is:
Can we pay the professional tax for each branch???
Or
Can we pay the professional tax for directors

Please suggest me