I am a resident individual and declared my income from restaurant under Section 44AD for the A.Y. 2014-15. Case is under Scrutiny. And the AO send me notice U/s 143(2) to submit supporting documents regarding business income declared.

Please suggest me what documents he can ask me though the return has been submitted U/s 44AD as there is no requirement of maintaining books of account..

For example
A company doesn’t have a policy of offering cash discounts to the customers at the time of payment, however, has supplied goods worth Rs. 100 to a customer who didn’t pay his debts. If this company now offers the customer a 10 percent discount in order to encourage the customer to clear all his debts, but the discount wasn’t agreed before or at the time of supply, and can’t be linked to a particular invoice, this discount will be added in the value of the taxable supply.

Example:

A m

supplier buyer

A offering to M 10% discount for getting prompt payment at the year end:

1.No prior period agreement

2.Can not trace bill wise.

For this at the year end, A issues to M a credit note( without charging GST).

Query 1: This discount amount is taxable income from the part of 'M'.

2: If its income, How can pay the tax by 'M'.

Kindly give reply in detail...thanks in advance

HI,

We have trading unit in delhi and going to open manufacturing branch in haryana also.
Is Separate GST Regn. is required for haryana branch. All operation will be done from haryana directly.

Please reply.

Thanks & Regards,

Seema

We are Pvt.Ltd.company & having trading business & paying GST regularly.
We have incurring charity expenses, like as, paying donation, poor needy person
hospitalization, temple , mosque construction, repair works, exp. on garland,flowers,
prasad distribution, grain exp. to poor people., etc.

These above exp. are incurring from us and we debiting these exp. to donation in
profit & loss account. Exp. are from unregistered suppliers.

Now GST registered person purchase from unregistered person are not taxable
under RCM till 30.06.18.( suspended )

My query is after 30.06.18 can above exp. are taxable under RCM


You are requested to please give guidance . Pl. this matter is most urgent.


Regards

Rajkumar Gutti

Case1: salary earned(Basic+DA) Rs 850000 p.a

HRA received 98000 p.a
staying in hyderabad.

Paying rent is Rs 25000 pm * 12=300000 p.a
Can I show such Higher rent in the return.
What i need to produce in such case.Please clarify.Thank you

Dear Experts

Assessee buying an immovable property ( Building) from a nationalised bank in an auction for Rs 60 lakhs. Whether 1% TDS has to be deducted when the payment is being made to the Bank.

Please Reply

Hi,

We have Automotive Repairing Business. We have raise an Invoice of Rs 58000/- to Insurance Company and Insurance Company have paid settlement amount Rs.35000/- .

In this case we have raised Original invoice of Rs. 58000/-. But we got full and final settlement amount 35000/- .
On which amount we will pay gst?
and what about difference amount ?
how we can adjust it ?

Kindly suggest me.

Hello

I work in a bank and here we have a gold appraiser he gets commission & his annual income within 400,000-450000/-. Which form should I file for him? Itr 3/ itr 4? In itr 3 there are fields like nature of business. And I found nothing matching but "other services" . And I checked itr 4 also. & I could find "general commission agents". 44ada. Please help me on selecting proper itr form

An assessee has served professional services to a hospital for part of the year and hence her tds was deducted u/s 194J. Another part of the year she has earned salary income. She has also been an insurance agent for which her tds was again deducted u/s 194J. My query is which itr is she suppose to file? And can she show her professional income u/s 44ADA?

If taxpayer is a salaried person having one residential house property and taking HRA from employer,He purchased that house by taking loan.can he allow 1. HRA deduction from salary and 2. showing loss for payment of interest component in House property head.I mean both HRA deduction and loss on payment of interest can be show at a time.Please clarify.