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

Sir,
I am a salaried person. I was not filed my return from A.y 2010-11, to 2016-17 whereas the tds had deducted by employer. ITD has issued a notice u/s 271(1)(c) and imposed the demand.In his order as the reason The assessee did not file his Income Tax Return for the A.Y. 2010-11. The proceedings u/s 147 of the I.T. Act was initiated after recording proper reasons and obtaining prior approval of the worthy Pr. Commissioner of Income Tax- 2, Jaipur on 24.03.2017. Notice u/s 148 of the Income Tax Act, 1961 issued on 27.03.2017 on the basis of following reasons:not filed his Income Tax return.
“As per 26AS data it is seen that during the F.Y. 2009-10 relevant to A.Y. 2010-11 the assessee has received salary amounting to Rs. 5,24,349/- and on this amount TDS amounting to Rs. 1,08,325/- has been deducted by the deductor/employer. On perusal of records of the assessee it is seen that assessee has not filed his income tax return for the A.Y. 2010-11. In the absence of ITR, the salary received amounting to Rs. 5,24,349/- is not verifiable. Therefore, I have reason to believe that income of assessee to the tune of Rs. 5,24,349/- has escaped assessment.“
1. Further, the assessee has not e-filed his return of income in response to the notice u/s 148 of the IT Act, 1961. The assessee has also not complied with the statutory notices 148 & 142(1) of the IT Act, 1961. Thereafter, the assessee was issued two show cause notices but the assessee did not attend the assessment proceedings nor submitted any written submission. Therefore the AO completed the assessment proceedings u/s 144 r.w.s. 147 of the IT Act, 1961 on 21.11.2017. During the assessment proceedings, on the basis of information available on the record the AO found that the assessee had received salary income amounting to Rs. 5,24,349/- and on this amount total TDS amounting to Rs. 1,08,325/- had been deducted by the deductor. Since the assessee had neither filed his return of income for the A.Y. 2010-11 nor co-operated in the assessment proceedings despite provided the more and sufficient opportunities. Thereafter, the assessment proceedings 144 r.w.s. u/s 147 of the I.T. Act was completed on 21.11.2017 at assessed income of Rs. 5,24,349/-, on account of salary received which was held as undisclosed income of the assessee and also attributable to concealment of income. Therefore, the penalty proceedings u/s 271(1)(c) has been initiated by issuing notice u/s 271(1)(c) read with section 274 of the IT Act, 1961 on 21.11.2017. Thereafter a show cause notice u/s 271(1)(c) has been issued on 08.05.2017. In response, neither the assessee.
Now what i have to do in this matter , kindly suggest me.
Thanks for your help

Hi

I Had applied for TAN in the month of March 2018, thereafter submitted the required payment proof but still I have not received my TAN number, I had called TIN call centre more than 15 times but getting same answer like they have escalated the issue to concern and i have to wait ... can someone tell me any other option to get my TAN number or whats happing

thanks

Facts of the case,

1. Sales of Materials from Karnataka to Andhra Pradesh - GST applicable
2. Holding company(HC) located in Korea & subsidiary company (SC) is in India
3. Invoiced in USD/ payment will be from HC/ Supply of Materials to SC
4. Since delivery is with in India we need to pay GST
5. but SC is insisting for Input credit -

The issue, can we show the place of supply as SC even if payment received from HC ? if yes, any other issues with the bank for realising the payments?

Sir i have paid car insurance of rs 74918 on 13.04.2017, how much amount will be prepaid as 31.3.2018 and also solve accounting entries..

How to follow invoice numbers , my invoice number as on 31-3-2017 is 111 .whether i have to follow 112 or 1 as on 1-4-18.

Please give probable answer?

Hi, We have been exporting goods under LUT, however the LUT is going to expire on 2nd April, the documents
for renewal of LUT are already submitted with the excise authorities on 26th March, 15. I have the following
queries in relation to the same :
1) Is there any stipulated time within which the renewed LUT will be received by us ?
2) What if the renewed LUT document is not received before 2nd April ?
3) Will we have to pay duty on export if renewed LUT is not received before 2nd April ?
4) Can a extension of the existing LUT be requested with the range office or Division office till the renewal of
LUT ?
Please reply on urgent basis. Very IMP