Dear Sir / Madam,
Our company takes Group Accident insurance of staff on which GST is charged by the insurance company. Please let me know whether the ITC available on this GST amount or not.

Thanking in advance,

Vinod Kumar Shukla
9167230106

Clients having profession income where we have shown 50% income u/s 44ADA as presumptive and other is shares f&O where there is loss, so in share business we did audit and show sales of products/goods as total of transactions gain and other exps., figure as total of loss transactions.
So I show in itr two diff line under head IFBP one 40ada and second business as loss and filled p&l of loss only, notice is as follow:-
Error code no. 181 :- a) The Gross Receipts is not mentioned in the Profit & Loss A/c, OR b) The profit shown is less than 50% of the gross receipts as prescribed u/s 44ADA but has not mentioned the maintenance of the books of accounts and audit report u/s 44 AB in part A-General and the total income exceeds the maximum amount not chargeable to income tax."

I have checked where in my office has ticked non-maint of book, that I will change my Q is how can I show 44ADA income in p&L a/c if I will do so then my business income will not tally with P & L a/c pl. guide on this or any other possible way call if possible will be appreciable 9076552290.

My friend had given a loan to his relative through a cheque in a financial year. He received back the sum in total in another financial year through NEFT/ Cheque .

Since the amount involved is around rupee 5 Lakhs, how can this amount be shown in ITR, as the IT Dept may issue notice for the high transaction?

Dear Sir,

What is the Interest/Penalty applicable if wrong utilisation of Input tax credit on Capital Goods ?

Shall we take Input tax credit paid on capital goods in one installment?

if not what are the remedies available for the credit taken in single installment ?

Hi,

I have rented out a Warehouse / Godown for storage of goods on a temporary basis for 1-2 months.

My Place of Business and the Rented Warehouse / Godown are in different cities within SAME state.

I have the following questions,

1. Whether do i need charge GST for above stock transfer?

2. Whether have I to raise 'TAX INVOICE' or 'DELIVERY CHALLAN'?

3. In E-way Bill, under sub-type do i need to select 'SUPPLY' or 'FOR OWN USE'?

4. Procedure for Sale from the Rented Warehouse/Godown - Invoice and E-way Bill.

Thanks in advance.

If i had an icici pension plan policy from 2003 and i surrendered it in Feb 2018 and gets some amount in Feb 2018.

Then it is tax free or LTCG applicable ??

Please advice

I have filled my online return in ITR 3 Form for the f.y 2016-17 on 17-11-2017 (belated, No Tax audit case individual ) for claiming refund of TDS but I have received a notice under section 143(1) that tax credit mismatch or not showing in Form 26AS. while when I was filing return I have checked thoroughly that TAN no. And amount of TDS was correctly filled and crossed checked it from Form 26As. Every thing was correct. But don't understanding the reason for not getting TDS REFUND. So I have filled rectification request online today and select reprocessing the return again and checked the box tax mismatch box.

So I want to know how much time it will take to get process online rectification request..?
Or I have to fill revised return..?

Hello Expert,
My father -in-law is a retired X.En. of govt. of rajasthan, now he have joined a NGO as a technical consultant. As a technical consultant, in what section his income is taxable? which Income Tax Return is specified for this type of income?

Thanks

Hi,

i want to issue a CREDIT NOTE against an invoice raised in July-17. Is it possible?
Is there any time limit for issuing credit note under GST.

Mr. A and Mrs. B (Husband-wife) are disqualified Directors for period 01.11.2016----31.10.2021 Mr. A is a director in 4 companies ( W,X,Y,Z Private Ltd) out of which W,X Pvt. Ltd is striked off by ROC due to non filing of annual returns. Mrs. B is a Director in Y,Z Private Limited whose status is active. Now Mrs. B wants to continue business and avail benefit of CODS, 2018. 1. Can Mrs. B appoint additional Director and conduct business…? 2. From which date additional Director is be appointed..? Should it be appointed before disqualification i.e. 1.11.2016 and we will say we have forgot to file DIR-12 for appointment of new director...? 4. Who will sign previous years balance sheet till 31.03.2017…Mr. A, Mrs. B or new director…? 5. What is the expenditure for CODS..? For Y,Z Pvt. Ltd we have to pay compounding fees of Rs. 30,000 individually…? Please clarify on this. Thanks in advance.