Is No Objection Certificate is required to be issued by director if his premises is taken on lease for using address of registered office of the Company. Can anyone please provide me the format.
Sir / madam,
Is there any tax implementation for depositing more than Rs. 10 lacs in saving banks per financial year
Please guide regarding how to recover old password or procedure of changing old password at ROF site in Maharashtra
Dear Sir, One of our client is a partnership firm having gross receipts from training center of Rs 850000/- for the financial year 2017-18. Net profit before partner remuneration & interest on capital is 89653/-, partner remuneration is 70000 and interest on capital is 16340/- after that profit is 3313/- in that case audit is applicable or not, plz suggest
urgently.
One of my client, he is dealing with online business.
He is not associated with any online business operators .
He is in online trading of garments. He is from Kerala and he has link with garment maufactures in Gujarath & Maharashtra
He is canvasaing customers through social media and personal contacts. No shop for him.
After confirming the orders customers transferring the amount to his account. Thereafter he is informing it to the manufactures and they are sending to the customers directly from their shop.. It includes all over India and abroad.
all this money including courier charges credited to his account and he is transferring the money to manufactures after taking his margin.
Whether he is come under GST ? If yes whats the procedures
If a person has net income of Rs.160000/- from all sources and STCG u/s 111A of rs.5000/-, is he liable to pay tax? can he utilise the unexhausted basic exemption towards STCG u/s 111A? since his total income will be rs.165000/-, he is exempted from payment of taxes?
My father who is an ex employee of a Central PSU. He has retired in 2017. They have medical expenses reimbursement scheme under the 'Post Retirement Medical Benefits Scheme' from their company after retirement. Hence, he has not taken any medical/health insurance.
Now I would like to seek your kind clarification whether my father is eligible income tax exemption for the medical expense reimbursement upto Rs. 15000.00 which was reimbursed by their company.
Please guide me, Sir, at the earliest.
Thanking you, Sir.
regards
raman k
By mistake Purchase figures were entered in the place Sales figures and Sales figures entered in the place of Purchase figures . Mostly IGST Purchases. Only realised after filing the return.
What's the solution.
Kindly advice.
Reversal of ITC is applicable even for free supply of services?
As per my knowledge, Section 17(5)(h) covers only goods supplied as free samples.
Further, supply of services to unrelated customers is not a supply. The same cannot be considered as exempted supply as well to attract Section 17(2) of CGST Act.
Provide your views on the same.
Noc