Proprietor having a business of Construction.
He owns other assets like House, land, other shares investments. My Questions is when preparing balance sheet all these assets are shown or only that particular business. and if we do not show these assets any tax consequences?

I have involved in tax exempt goods ex. Garlic, onion n our goods supply {sales }state n out of state can we cancel GST registration

Sir/Mam
I have received a notice for non filing of return and on the basis of some credit card transaction but my income is below Gross taxable income and my Credit Card is used by friend for purchase of expensive mobile as cash back benefit was available some jewellery and other personal exp. so how should i give response to this.

1.I have been asked to submit consent letter from owner,please let me know Noc on plain paper will be sufficient or notary or stamp paper is required?
2.I have submitted electricity bill during application for Gst registration whether I have to re submit electricity bill with show cause notice?

is there any limitation of time to get the benefit balance of GST input .

I have filed my GSTR3B return on 14th June first and then I noticed that GSTr1 filing date was June 10, as the internet connection was not available (because of rains). Then I filed GSTR1 on 14th June only.
Will I be charged late fees?
If yes, how much?
How do I pay it now?

FATHER IS A PENSIONER
HE IS A RETD GOVT STAFF


PENSION FOR THE FY IS INR 362619 AND INTEREST EARNED OF SAVINGS ACCOUNT IS INR 1673.
SO THE TOTAL INCOME COME TO 364292 .
AFTER 80TTA DEDUCTION TAX PAYABLE IS AROUND 3100.

IS THERE ANY DEDUCTION ELIGIBLE AS HE IS A SENOIR CITIZEN

THANKS...

Dear Madam/ sir
I would like to know that indirect expense of GST / non gst Goods and service like diesal for generator or services of amc and telephone bill would be shown in gstr3b for both below 5000/- limit or above 5000/-?

no one explaining about non maintaining books of accounts & about column E15,E19,E20,E22. as per ITR form 4 it is said this are mandatory , and please enter other if available, i cant understand if other column not to be feed if books not maintained then why E17 & E25 kept there to match the balance sheet figures, (those who maintaining books, the asset and liability figures will matched) , i want to ask, is there a possibility of communication from income tax dept. about the error if the balance not matching (in non book keeping case). or if we feed only E15,E19,E20,E22. (the return get validate with E15,E19,E20,E22 this figures too)

Hi,

A lot of people are in the confusion if the revaluation of Inter-company loan should be performed or not if the both entities are in the home country.

Scenario:
An Uk central entity called 'ABC' paid some cost of USD 1,000 (in GBP 800pound) on behalf its UK based Subsidiary company.

1.the both entities are UK based.
2.both have GBP bank account only
3.both do inter-company payments in GBP only

Should ABC entity rebill to its Subsidiary company in USD1,000 or GBP 800?

In my case ABC has rebilled to its Subsidiary company mentioning both currencies USD1000 (GBP 800).

Do the Subsidiary company need to revalue the USD 1000 in GBP at the time of inter-company payment and then pay in GBP?