Dear Sir/Mam Plz tell me my client start the new business (medical shop) and he work as a wholeseller and sell goods to retailer , my client said me his turnover does not cross 1 crore in this financial year (F.Y 2018-19) because of newly start business. So plz suggest me what type of registration is good for my client composition scheme or regular scheme.

1. Is The Gift/Money Received By HUF From Its Member Taxable In Hands Of HUF ? Is There Any Monetary Limit ?

2. Is The Gift/Money Received By Member From HUF Taxable In Hands Of That Individual Assesse ? Is There Any Monetary Limit ?

sir/ madam
can a employee run his own account for the bussiness done by his relative as per income tax act.

financial services pvt ltd company. business discontinued. no assets and no liabilities. only equity capital and carry forward business losses. wants to close the company. request to detail out procedure for closure.

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is it not injustice to claim both interest on late payment of tax and late fee for filing returns?
because both tax payment & return filing are inter connected. without making tax payment we are not allowed filing the return. Most of the trade are ready to file return in time but make delayed payment due to paucity of funds.

RESPECTED SIR,
A SALARIED EMPLOYEE HAS FAILED TO FILE HIS INCOME TAX RETURN FOR THE F.Y 20156-17 A.Y 2017-18 UPTO 31.03.2018
SIR, HOW THE RETURN WILL BE FILED NOW

PLEASE GUIDE ME

Sir.I sold out my agri land around 4 acre for Rs 4500000/- does it taxable? If taxable how to calculate tax in agri land sold?

i have made payment of interest on 31/03/2018 to a party, cheque has been cleared on 10/04/2018. How we will pass tally entry for the same ?

Dear Sir,

In the month of March-18, we have two invoice of outwards supply. We have no any Input tax credit, so all liability is paid through Cash only, hence we credit same amount to cash ledger before due date of that month. But while filing of GSTR-3B,erroneously we show only one Invoice and liability is discharged by using cash balance.As one invoice is not reflected in 3B,we same amount of cash amount is lying in Cash ledger. As This may be added in next month 3B and liability is discharged from cash ledger then we have to pay interest. As we already paid cash in due time of respective month.