Anonymous
23 May 2018 at 11:04

Operating lease

We have lease agreement with Landlord from Jan 2016 to Dec 2020 having rent of 192,000 from Jan 16 to Dec 16 then 202,000 from Jan 17 to Dec 17 then 212,000 from Jan 18 to Dec 18 then 222,000 from Jan 19 to Dec 19 then 232,000 from Jan 20 to Dec 20.
Total Rent payable for 60 months is Rs.1,27,20,000/-
Average monthly rent is Rs.212,000/-
In F.Y.16-17, Rent equalization reserve was created of Rs.210,000/-
So my question is do i need to create this reserve every year and what is the purpose of creating as i am not giving any advance to lessor i am making monthly payment.
If i have to create reserve this year then will it be Rs.90,000 reserve.
Please let me know wehther it is correct and what accounting entry will i pass .


simranjit singh
23 May 2018 at 10:39

Section 119(2)(b)

what is to be mentioned in order number and order date while filing return using sec 119(2)(b), is that first i have to submit documents to CIT then he will pass order and that order number and date to be mentioned???
Please advise it's urgent


shubham agrawal

Hi Experts,

I am working in a MNC at Pune. My employer is showing 4.81% of my basic salary as contribution to gratuity.
I want to know is it a right practice?
Because gratuity is employers responsibility and they are showing it in CTC just to make the CTC more attractive.
Although that amount is no use for me if I left the company before 5 years.
Please let me know if it is legal/allowed by law.
If not, can I approach the HR and request them to make necessary changes to my CTC structure by excluding gratuity??



Anonymous

purchased material in march 18 but invoice received in may 18, dated 01/03/2018. can we take ITC in may gstr 3b.
is there any problem due to change in financial year, bill shifted to fy 2018-19



Anonymous

I had registered for bcom af during my articleship from ignou correspondence scheme offered by icai and ignou. But I had appeared for that exam only after completion of articleship. Was it required to send form 112 at that time of registration into ignou.
Please help as they have sent me the letter for breach of the regulations and to send the form 112 with delay fee of Rs. 11800.



Anonymous
23 May 2018 at 03:18

Articleship stipend

Experts - Just wanted to get your thoughts on this matter -- I've referred a friend of mine to a CA firm for doing his articleship and he got enrolled with that firm. 2-3 months passed by and the principal hasn't been paying stipend to the candidate and gives all "bs" excuses when asked for it. I suggested him to have a conversation which he did and I was shocked to hear that, the principal negotiates that he would pay 200 Rs every month in the form of stipend. Totally ridiculous!! It's a shame on their part and their profession to exploit the article students and not pay the "minimum" stipend amount fixed by ICAI. I have extremely high regards for all CAs and this esteemed profession, but I can't believe we have people like this as well!! I am really upset about this although I know there isn't much I can do here. However, I don't mind escalating this matter to ICAI if required. Before I do anything further, can you please advise if he can safely transfer his articleship to a different firm? I heard the Institute tightened the rules around the transfer. If you can please share your thoughts, that would be appreciated. Thank you!


Shyamohan Kurup

Hi, I need help on the payment option I have selected after filling form 26qb. After filling form 26qb and mentioning the 1% Tax on my new home instalment payment made, I selected my bank and entered the amount against fee instead of Income Tax. Income Tax0.00 Surcharge 0.00 Education cess 0.00 Fee (Form 26QB) 92000 Total 92000 .Then after reading FAQ's in tin-nsdl, I realized that I was supposed to enter the amount in Income Tax as below FAQ is mentioned in it. https://www.tin-nsdl.com/tds/TDS-FAQ.php I have entered tax amount in Fee, I am unable to generate Form 16B from TRACES website? The TDS amount as per Form 26QB should be entered in the field ‘Basic Tax’ (Income Tax) on the Bank’s web-portal as TDS certificate (Form 16B) will be based on ‘Basic Tax’ (Income Tax) only." what do I need to do now. They have not given any solution in FAQ. Won't I get my form 16b. I called my bank but no one is sure what needs to be done and the tin-nsdl customer number is always coming busy .

What is the way out? How to get this sorted?


Kalpesh
22 May 2018 at 22:37

Annual gst return

Hello. When will annual gst return take place ? and what to do if my supplier has omitted the sale bill by mistake in his gstr1 ? And another supplier has failed to file gstr1 since September 2017 and the supply had occurred in October 2017.


Sumit Jain

Is it mandatory to display the GST number in the sign board, and the GST registration certificate in the premises of business. Also it is compulsory that only Authorized person can sign the invoice bill.


Dheeraj Bhai Audichya
22 May 2018 at 21:23

Cash receipt over 10000/-

DEAR ALL,

I HAVE ONE MORE QUESTION.
I HAVE RAISED GST TAX INVOICE FOR RS. 209000/-. PARTY PAID 190000/- BY BANK TRANSFER AND REST 19000/- IN CASH IN TWO INSTALMENTS. IN THIS CASE WHAT WILL BE SCENARIO U/S 269ST.





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