I have one question regarding accounts of books. Suppose if someone sells items (clothes and some toys) on street and make profit of 20000 per month, does that person has to maintain books of account (FY 2014-15). And if yes, then what books of account one has to maintain.


I am asking this question because in country like India there are so many persons (Very small businessman) who are not capable of maintaining accounts of books because of various reasons like not educated, not aware of).

SIR,
WE HAVE ISSUE THE FABRIC FOR EMBROIDERY WORK (JOB WORK ) AGAINST THE DELIVERY CHALLAN OF RS.500/- DATED-20.04.2018 IN UP EWAY BILL APPLICABLE FOR US ?
AFTER COMPLETION OF EMBROIDERY REGISTERED JOB WORKER ISSUE THE TAX INVOICE OF RS 7500/- EWAY BILL APPLICABLE FOR WHOM?
KIND REGARDS
AMIT

Hello,
Please suggest me that tds will dedute or not on Interest on term loan from Axis Bank. I am waiting your best suggestion.
Thank you

Hello All
I had registered myself on 20.03.18 in GST. Will I have to submit the returns from July 17 onwards Or for the the month March 18.?
Pl advise.
Regards

We are importing goods & pay ocean transport charges,in following manner.

1) we paid marine freight to foreign shipping line branch situated in india through
our CHA agent . & CHA agent recover their marine freight paid amount from us.

on import marine freight invoice the our company name appeared. Main shipping line
is situated in abroad. & its branch office is in India.

In this case who is liable to pay GST on Import ocean freight.
Pl.give advice ,this matter is most urgent.

Thanking You,
Regards
Rajkumar Gutti

Dear Sir

When TDS liability is applicable on propritorship business.Means if turnover of propriertorship business is Rs.40 Lacs per year and he is paying monthly office rent of Rs.56000/- per month and salary to a person Rs.49000/- pm. Is he liable to deduct TDS on payment of salary or rent.

If SOME PERSON HAS FILED ITR FOR LAST 10 YEARS ( 2 LAKH ANNUAL), CAN HE MAKE A TOTAL OF CASH DEPOSITS OF 10 LAKH IN BANK IN LAST 10 YEARS

MY CLIENT IS A SALARIED PESON & HAS INCOME FROM OTHER SOURCE OF RS. 60000/-.(INCOME FROM KVP MATURITY & BANK FD INTERST) FOR AY 18-19 .HE IS IN 30% TAX SLAB AND HIS OUTSTANDING TAX LIABILITY IS RS. 19000/- APPOX. HOW CAN HE PAY THE TAX NOW.CAN THE TAX BE PAID AS ADVANCE TAX NOW ?
PL. ADVISE.
REGADS.
TAPAS BOSE

Dear Sir,

How much allowance in income tax f.y.2018-19 and what is limit these?

Q1. My family has purchased one plot in the name of my mother worth of 60 thousands in 2004 ( my mother contributed 20000 and my father 40000). Then my father spent 3 lakh for construction of that house( year-2004). We are living in this house for 13 years. Then my brother got job and shifted to some other place. Noe we have two vacated rooms in our house which we have given for rent from last two year. we are getting 15000 per month rent for last two years.
Owner of house- my mother.


In above case , should my mother file ITR for house income ( 2 Lakh/ Annualy) .