Dear All,

If In GSTR sale has been shown NIL while filing return from the date of obtaining gst number (in this case Sep 17). But while filing income tax return us 44AD for fy17-18 can he show business income? I am bit confused because in gstr no sale is shown and directly while filing income tax return sale is shown.
Please help advise me.

INCOME OF A TRUST REGISTERED U/S 12A IS RS 20 LAKHS. TRUST HAS TO UTILIZE 85% OF THE INCOME ( 17LAKHS) FOR ITS OBJECTS.
HOWEVER TRUST UTILISED RS 27 LAKHS ( EXCESS BY 10 LAKHS) DURING THE ACCOUNTING YEAR. NOW CAN THE EXCESS UTILISATION BE CARRIED FORWARD AND SHOWED AS UITILISATION IN THE NEXT ACCOUNTING YEAR.

PLEASE HELP

Three companies (Key management person are same ) are working under one roof ( same Flat) ......
One of the company is bearing all the expenses such as
1.Electricity charges.
2.Pooja exp.
3.Rent on Flat - No Bill ( owner not register)
4.Internet Charges.
5.office maintenance.
6. Lunch exp.
7. printing and Stationery.
8.Books and Periodical.
9. Maintenance charges to Building given to owner.
10 Salary to office boys
11. Kirana Exp.
Now company wants to divide these exp in to 3 parts and planning to give debit note to other two companies.
My Question is that whether the company should add GST in Debit note?
if yes what is the percentage of GST and can other two companies can take ITC for the same debit note?
urgent

Suppose i am dong business of Kirana .....
My annual turnover goes around 70 lakh....
and profit % is 1%....
so i can not go for 44AD ...otherwise i would have unnecessary tax liability.....
so whether audit is mandatory for me ????
OR I can go for any other option ??????

I filled an ITR of an LIC Insurance Agent on 08/06/2018 as per his Form 26AS downloaded from TRACES showing TDS of 18060 & total commission of 360000.
now he received form 16a from LIC citing his income and TDS more than what was mentioned in Form 26AS.
total commission 401678 and TDS of 20094.
now the data on TRACES website also changed as per form 16a
what should i do now....

Sources of income are as follows:
Salary form pvt ltd company
Share of profit from partnership firm
Capital gain
Assessee is not holding any proprietary concern
But in nature of business ITR-3 is asking name of the proprietary concern
What to do such case?
Can we file ITR-2 in such case ?

I HAVE OFSETTED THE LIABILITY OF GST 3B AND SUBMITTED THE WRONG RETURN.HOW CAN I REVISE THE RETURN NOW.

Dear,
I am filing today 13.07.2018, GSTR-3B of September month in which RCM liability of 20000 exist, which have been paid by today.
Now i am filing GSTR-3B of October month. can i avail ITC of RCM paid of September in October return.One of my friend saying that it can be avail in July return because it is paid in july month.
Please resolve.

Is the following structure of LLP okay
Designated partner 3
Partner 0

Since the Act says:
Every limited liability partnership shall have at least two partners.

If at any time the number of partners of a limited liability partnership is reduced below two and the limited liability partnership carries on business for more than six months while the number is so reduced, the person, who is the only partner of the limited liability partnership during the time that it so carries on business after those six months and has the knowledge of the fact that it is carrying on business with him alone, shall be liable personally for the obligations of the limited liability partnership incurred during that period.

Dear Experts,

For AY 2018-19 deduction u/s 80G is being calculated at 5% of Adjusted Gross total income as compared to 10% prescribed in the Act. I dont see any change in law. Please let us know if this an error in the utility or is there any specific reason for the same.

Regards,
Shruthi