A is facilitator to procure material 100000+5000 = 105000 ( 5% GST ) from B and delivered to us. A has raised invoice to us with charging markup 7000 ( 7% ). We have doubts in this scenario.
1. They have charged GST 19260 ( 18% of 100000 + 18% of 7000 ). Is this right.?
2. They have charged GST 6260 ( 5% of 100000 + 18% of 7000 ). Is this right.?

Kindly let me know, which option is right. option 01 or option 02.

Dear All

I have a query relating to TDS on Provision of exp ( audit Fee)

We have to provide audit fee for the F.Y.17-18 but amount is not known ( may be below Rs.30000/- or may be more than Rs.30000/-)

As we know that last date of TDS payment for march,18 is 30.04.18

If we don't make the TDS payment on the basis that amount will be less than 30000/- but actually bill received more than 30000/-after 30.04.18

what will be the consequences ???

RESPECTED SIR,
CAN A SERVICE PROVIDER ISSUE TAX INVOICES IN TWO DIFFERENT SERIES FOR CONTROL PURPOSES i.e.ONE FOR REGISTERED PERSON AND ANOTHER FOR UNREGISTERED PERSON
PLEASE GUIDE ME,

WITH REGARDS

WHEN THE MAT APPLICABLE AND TAX CALCULATE AS PER BOOK PROFIT @18.50%.
BUT THE SHORT TERM CAPITAL LOSS (SHARES & MF UNIT) 45 LACS AND
LONG TERM CAPITAL GAIN (LAND SALES & MF UNITS) 4 CRORES.

MY QUERY IS SHORT TERM CAPITAL LOSS SET OFF WITH LONG TERM CAPITAL GAIN.
BUT SHORT TERM CAPITAL LOSS 45 LACS CAN BE CARRIED FORWARD FOR FUTURE YEARS.

PLEASE ADVISE THE SAME.

THANKS & REGARDS

NK

A PERSON IS HAVING INCOME IN INDIA FOR RS.2500000/- DURING THE FINANCIAL YEAR 2017-18 AND INCOME OF 42000 AUSTRALIAN DOLLARS IN THIS YEAR WHAT IS THE POSITION OF TAX IN INDIA ON BOTH INCOMES.

A tax audit client got notice under sec148 of The IT Act.Now we are filing return against the notice u/s 148.Is it necessary to file Form 3CB& 3CD again?If so how to file? (i.e revised)

Dear Experts,
I filled ITR 4S for AY 2016-17 on 31.3.2018,
While efilling, I e-paid tax amount. Now I got notice under section139(9)
Error discription " Tax liability is shown as payable in the return of income"
Probable resolution-"Tax payer should pay the balance tax liability and furnish complete details in corrected xml.Kindly ensure that there is no tax payable at the time of uploading the corrected xml"

But when I login on e filling website, i can see no records found in "for your action icon"

Kindly suggest what to do?

A state bank employee received 60000/- as taxable accomodation perquisites, he also paid RENT 60000/- Can claim this PERQUISITE AS DEDUCTION FROM Gross salary?

I HAVE ONE QUERY THAT WHETHER PERSON RESIDING IN DUBAI AND RECEIVE SALARY IN DUBAI NOW HE IS LIVING IN INDIA FROM LAST 10 MONTHS. SO WHETHER SALARY RECEIVE IN DUBAI IS TAXABLE IN INDIA OR NOT ????


FOR EG. MR. A IS LIVING IN DUBAI AND RECEIVE SALARY IN DUBAI UP TO MAY 2017 [APR 2017 AND MAY 2017 CURRENT FY] FROM JUNE 2017 HE COMES IN INDIA AND LIVING TILL DATE. SO FOR FILING RETURN OF AY 2018-19 [FY 2017-18 ] SALARY RECEIVE IN DUBAI [APR 2017 AND MAY 2017 CURRENT FY] IS TAXABLE OR NOT AND WHETHER MENTION ANYWHERE IN INCOME TAX RETURN ?????

Dear Sir,

Please clear our confusion regarding ITC on new transport van.
We have purchased a new transport van for our company and paid GST @ 28% so please confirm us we can take ITC or not.

Please confirm me....