Suppose I have registered for GST. My turnover in previous FY does not exceed 20
Lack rs. Now I am taken Registration as composition tax payer, while filling quarterly return do I have to pay tax @1% on turnover of supply upto 15 lakh rs.

Sir,
In a public ltd co., In FY 201617,One of the Directors brings in cash Rs 34Lakhs for a land purchase in a single day. But the transaction is postponed. So the entire cash is deposited in company's current account in SBT by the accountant as per that director's instructions.
After 2-3 days the full amount Rs.34L is withdrawn in cash(via cheque& repaid to the director
What shall be the accounting treatment for the cash transactions in the Daily Cashbook to avoid any legal issues both for the director and the company?

We showed it as loan from director in cash& its repayment
Is it ok?
If its wrong,how to correct?

Dear sir please let me know the last due date for revised return of AY 2017-18(if it is filled with in due date)

Dear Expert,

my company's holding company is in US( incorporated outside India). Ours is a tech company, and we provide E platform for publishers who want to publish their work in e format. foreign holding company hires people outside India to provide services w.r.t marketing and advertisement by organizing e podiums, e book fairs etc. Service provider is an outside entity who bills our Holding company. Whatever revenue our holding company generates they send us back 80% of that, Similarly as per the Our US company also charges home company for the 80% of the expenditure incurred. ST auditor is of the opinion that we must pay service tax on 80% of the marketing and advertisement expenses our contention is that since there is no profit element involved when we are paying to our holding co. It is basically in the nature of reimbursement only Kindly advice.

Regards,
Ankur anand.

An education institution ( school ) having gross receipts less than 1 crore .

As 10(23c(iiiad)exemption available upto 1 crore they have no tax liability.

Which ITR they can use and how to show the exemption ?

SIR/MAM

INCOME TAX RETURN IS FILED AFTER DUE DATE OF FILING RETURN BUT WHILE FILING THE RETURN WRONG CHALLAN NUMBER WAS FILLED IN COLUMN FOR SELF ASSESSMENT TAX CHALLAN DETAILS. PLEASE SUGGEST ME HOW TO RECTIFY THIS AS THE RETURN IS ALREADY E- VARIFIED

PLEASE REPTLY

In case employer deduct TDS but the same not been depoisted and TDS deducted not shown in 26 AS the how to file return whether we can claim credit of TDS or not?? If we can claim TDS refund, as the same not shown in 26AS wheteher any specific form of application required to submit with IT dept. at the time of filling return???

Please Help....
Waiting for positive response

I purchase a rural agricultural land below the circle rate.The actual difference between circle rate and purchase rate is approximately 4 lacs.
Is the provision of section 56(2)(vi b) is applied or bot

SIR, SINCE TODAY WHILE MAKING ONLINE PAYMENT OF INCOME TAX, THE NAME OF THE PAN HOLDER IS NOT APPEARING IN FULL. ONLY FIRST LETTER AND LAST LETTER WITH X MARKS IN BETWEEN IS APPEARING. HOWEVER, A MSG SHOWS TO CHECK UP THE NAME OF THE PAN HOLDER IS CORRECT BEFORE MAKING PAYMENT.
IS IT SAFE TO PAY THE TAX ONLINE WITH PAN HOLDER'S NAME BEING DISPLAYED?
KINDLY ADVISE

Govt School HM wants to file TDS Returns of FY 2015-16, 2016-17 now!! Is there any way to AVOID Penalty, As penalty will be very high 200 per day from 2015- till date.