Is the Proprietorship providing ONLY export of services and having turnover less than Rs. 20 Lakhs required to take GST registration ?

If YES kindly give reference of Section, Notifications etc.

If NO kindly give reference of Section, Notifications etc.

I am mobile dealer also get some money from vivo mobile company for advertisement board. For which I raised GST invoice. What is treatment for this service under GST. Is that invoice liability can setoff with goods input credit. We also want to know what we done if invoice issue in Jan month but by mistake not shown in return.

Is there any limit to accept cash by unregistered Religious Trust in AY 2017-18 (FY 2016-17)?

Annual interest of about 3.5 lacs p.a on investment in India by NRI!

What will be the tax ?
What will be likely tax on such income earned in India & repatriated to USA!”

Is there any other way to minimize the tax!

Sir,If voluntary donations of trust are applied for fixed deposits in banks can the trust registered u/s 12AA can claim exemption.

Respected Sir & Madam, With kindest regards I would like to approach u with a query of cash balance as on 31st March 2017. Can any one guide me please as how much balance should remain as at 31st March 2017 while keeping in view of demonetisation factor.

Hi.

I have an annual income of more than 10 lacs from salary and till date savings of Rs. 25 lacs which earns an interest of 1.5 lacs annually through fixed deposits. However because the tax slab applicable for me is 30%, I end up paying tax of 45 thousand every year on my income from FD. We are a Hindu family and eligible to open an HUF account. I also understand that if I open an HUF account and show the FD income in that account my tax liability will reduce.

However I have the following queries:

1. Do I need to transfer the saving of 25 lacs in the HUF account (created on the new HUF PAN card) ? Or can i only take the interest income is HUF bank account without moving my savings to HUF account?
You may choose not to answer this one as I can find it out from the bank. But if you have any idea please share your thoughts.

2. In case If I transfer my savings to HUF account as gift, can I take it back from HUF account to my personal savings account (may be to buy a property or such a big expense) without paying any tax? Or will it be considered as income in my personal bank account and I will be liable to pay tax for such a transfer from HUF to personal account?

Any help on this is appreciated. Thank you in advance.

Dear Sir,
one of my client sells vegetable and income from it is 80000 yearly, he is also doing part time job at one office by which he earns 75000 as salary from one party only.

So now how to show both these in income tax and under which head

Can i show this as 44AD and salary income

Or 44ad and other income

Our firm earns commission income for facilitating travel insurance from an insurance Company. The insurance company has deduted TDS but they did not paid TDS or paid TDS in the name of some other person. The process for rectifying the same will take almost 15-20 days. The retuen has to be filed within 31-03-2018. KIndly let me know what can be done.

May i know the accounting treatment of the following
Our firm provides travel insurance to our Customers. We dont provide the insurance service directly but we collect the insurance amount from our customer & remit that amount to Insurance Company after subtracting our commission income . As per the agreement between our firm & insurance Company we are entitled to receive 30% Commission on the insurance amount so collected from our customer. The insurance Company is deducting TDS u/s 194H.

For Example- If our Firm is collecting Rs.1,000 for travel insurance from our customer. On Rs.1,000 we are entitled to receive Rs.300 as commission & TDS on Rs.300 is Rs.15. So our net commission is Rs.285 (300-15) & we will remit Rs.700 to the insurance Company. Let me know the Accouting entry for the same.