Bus service provider paid GST @12% on outward supply and claim ITC. now spose he book Tour as a package (including Travelling cost, hotel cost, food cost etc.) and charge fixed amount on single invoice (show per passenger cost), now my question is can he charge 5% GST on such invoice and avail ITC on tax paid on inward.

Income Tax Return from 2014-15 to 2017-18 has not been submitted.

How shall I submit the Return now for all the years?
Please advise.

How one can follow (learn) a new issue, topic or procedure to be followed practically ? How the issue will be practically improvised ?Do the institute will assist us(CAs) through any means, to implement practically, like publishing examples of real time situations ??? Like how ?

Can an executive director of a private limited company to which he is the executive director give loan to the company?

What books of account to be maintained by interior designer

If we raised 2 invoice to same customer for 45000/-& 10000/- in same day the total value is above 50000 so then e way bill is required?

Dear Sir/Madam,

My cousin is regularly filing IT return. But somehow he forgot to file Income Tax return for AY15-16 (FY 14-15) & hence he has received Income Tax notice that u/s 192 Employer has deducted tax & return is not filed. His total Taxable income will be Rs 503,000 after all deductions. Briefs are as below :

Fast Facts:
1) Salaried Employee Rs 7.70lacs & TDS deducted Rs 25700 (shown in Form16)
2) He claimed Self occupied House Property Rs 2lac ( shown in Form 16)
3) Deduction u/s 80C claimed Rs 80000 (shown in Form 16)
4) His Interest amt was Rs 13000 ( & claimed Rs 10k under Sec 80TTA ). He was not aware to show this income as IFOS . Hence after claiming deduction on Rs3k he paid Rs 800 as Tax as per I.Tax utility. TAX paid on 26th Mar 2018. ( does not have any other source of income )
5) As the return uploading is not available. Compliance reply given as Return under Prep. & Reason "Self-Not Known"

Queries :
1) Does he require any kind of communication to Income tax dept ? If yes, by electronic or physical mode?
2) What are the remedies available to my cousin ? Because he feels terrified by the notice & not wish to visit IT office.

Please help me regarding above issue at the earliest.

Thanks you in advance.

I am a CA final student. after clearing finals, i don't want to practice, i want to do a job in an industry. i wanted to know what kind of practical exposure in articleship one should have so that he is able to meet the requirements of the job the student want to do in that industry.Do companies who employ CAs as an employee train them to meet their requirement from the job.?

Hi,

One of our Employee submitted his child's Tuition Fee Receipts to get the exemption for Income Tax

This payment was made on October 9, 2017 by cheque for the academic session of 2018-19 and School will be issued the Tuition Fee paid certificate for the F.Y. 2018-19

Please let me know this payment consider for Income Tax exemption for Financial Year 2017-18 or 2018-19?

Best Regards,
Raj

Hello everyone

Kindly clarify,
1.Whether commencement of business certificate is required for public limited company.
2. Whether bank will allow transactions in the current account without commencement of business certificate.
Thank you