Dear sir

While filling MGT 7 For a small company the form is asking for the digital signature of a company secretary by filing his details .as per law this is not required..how can one solve this .
can we give some number like000000 and put DSC of director in this place
Please clear my doubt

An asset is manufactured at a cost of rs 200000 on 1st October for which loan of rs 150000 was taken on 1st April of that year at 10% p.a.The entire loan was outstanding till the end of the financial year. Which of the following is correct?

A. Capital expenditure Rs 200000 and revenue expenditure rs 15000

B.Capital Expenditure Rs 207500 and Revenue Expenditure Rs 7500.

C. Capital expenditure Rs 215000

D.None of the above.


Please answer with proper explanation.

An asset is manufactured at a cost of rs 200000 on 1st October for which loan of rs 150000 was taken on 1st April of that year at 10% p.a.The entire loan was outstanding till the end of the financial year. Which of the following is correct?

A. Capital expenditure Rs 200000 and revenue expenditure rs 15000

B.Capital Expenditure Rs 207500 and Revenue Expenditure Rs 7500.

C. Capital expenditure Rs 215000

D.None of the above.


Please answer with proper explanation.

Dear Madam/Sir,

please clarify me that one of my client a dealer of acc cement and iron and steel, dealer of asian paints. he almost sales in the nature of credit basis 30 days, 60days. he made deposited cash of 1200000/- rupees after money demonetisation. he has declared sales of 1500000/- rupees in the vat return. his cash in hand almost 9th of November month more than 1500000/ rupees. After that he has received notice from income tax department to give explanation about cash deposits. we replied through online e-proceedings. but income tax officer not satisfied of our replies. he calls us to produce books of accounts vat returns, bank statements and every thing.

we have appeared before him books of accounts. he is saying your deposited cash in different dates now almost cash deposits are un authorized income you have pay tax on that. i quetioned him how you thought of all cash deposits are unauthorized income ? he has almost maintained more than 1000000/ rupees his cash balances because he is wholesale dealer.

please tell me if any limitation of regarding cash deposits even the money legally hold by him

regards

Dear Sir,

Sales Made in the month of June Rs.500000 plus 14% VAT. At present we need to collect out of them Rs.300000 as sales returns. Now VAT is no more applicable and GST is applicable. How to proceed further? If he is unregistered dealer and If he is a registered dealer .

CA INter new syllbus self study Books for May/Nov 2018 .

1.Accounting

Ready Referencer on Accounting By CA B Saravana Prasath Ca G Sekar

Buying link: https://www.goo.gl/znHzgE

2.Corporate and Other Laws

Corporate and other Laws By Tejpal sheth

buying link :- https://www.goo.gl/5nSTrh

Students’ Guide for Corporate and Other Law for CA- Inter (IPCC) By Ca B Saravana Prasath Ca G Sekar

Buying link:-https://www.goo.gl/cr7sXq

3.Cost Accounting

FIRST LESSONS IN COST AND MANAGEMENT ACCOUNTING By V.Pattabhi Ram K.N. Anusha

Buying link :-https://www.goo.gl/9xBZCG

COST AND MANAGEMENT ACCOUNTING THEORY AND PRACTICE BY CA RAJESH MAKKAR

Buying link :- https://www.goo.gl/vzVCQ3

Students’ Handbook on Cost and Managment Accounting By CA B Saravana Prasath

Buying link :-https://www.goo.gl/mRpG2i

4.Direct Tax Laws and indirect Tax

Sytematic Approach To Taxation By Girish Ahuja Ravi, gupta

Buying link :- https://www.goo.gl/NrFyrm

Handbook on Taxation By Ca G Sekar

Buying link :-https://www.goo.gl/FhRNTY

5.Advanced Accounting

Students’ Handbook on Advanced Accounting By CA B Saravana Prasath CA G Sekar

Buying link :- https://www.goo.gl/3GN9e8

6.Auditing and Assurance

Students' Handbook On Auditing & Assurance By CA G Sekar , CA Saravana Prasath

Buying link :- https://www.goo.gl/RZF2UV

7.Financial Management and business economics

Students’ Guide on Financial Management and Economics for Finance By CA G Sekar CA B Sarvana Prasath

Buying link :- https://www.goo.gl/sxp1Rw

8.Information Technology and strategic Management

Students' Guide for Enterprise Information Systems & Strategic Management By CA B Saravana Prasath Nirupama Sekar G CA G Sekar

Buying link :- https://www.goo.gl/FYtYj5

Dear Sir,

I have query regarding Income Tax for Rented Property.
I have 2 Flat in Pune City.One is rented and second is Self occupied.
I am single Owner of both property.

Can I show Income of rented property in My Wife income instead of include it My income?

If I declare rented income in My income then I need to fill income tax by considering 30 % income tax slab.
If I declare rented income in My wife's income then she need to fill income tax by considering 10 % income tax slab.

Dear Expert, I have filed GSTR 3B for the july month, but i have missed some sales bill now how i can add those sales bill in july. should i revised Gstr 3b or i should show in Gstr 1 how to pay additional gst on those bill for july month whether we can revise the gstr 3 b for july month after filing, pls sdvice how to show those bill & how to pay gst on those bills

Sir,
My Client Sibananda Baidya doing Contractor business, In Nov. 2017 he received a Abstract Contract Bill, Details as under:
Client Name: M/s. SHIBANANDA BAIDYA
PROJECT NAME : :PIPELINE (DI/HDPE)
Co. Name: GVPR ENGINEERS LIMITEDO D I S H A R E G I O N - B H U B A N E S W A R
NATURE OF WORK: MEGA LIFT PROJECTS, CLUSTER - II
SITE OFFICE : PLOT NO 121, DHANVEE TOWN SHIP (BABUSUNORIA), DONGAGUDA BACK SIDE HATTAPADA, JEYPORE- KORAPUT Dist.

BILL NO :2

TOTAL GROSS BILL VALUE: Rs.1823792
DEDUCTIONS AS PER WORK ORDER:Rs.492424
Add:
SGST : Rs.58,785/-
CGST : Rs.58,785/-
NET BILL VALUE: Rs.1331368/-
How to Show the Value in GSTR-3B Return ?
Kindly confirm is it necessary to pay SGST & CGST by recipient.

Awaiting your Reply
Thanking you,

Chinmay Baidya

In GST RFD 01 What Figures should be filled in computation of refund to be claimed (statement 3A)

Our Case is Refund of ITC on Account of Exports Without Payment of Tax ( Exported under LUT)

Example Turnover details for JULY 2017:

I) Total Value of Sales in July 2017 : Rs.82,98,137.00
in that
1)Export Sales
( nil rated -Without Payment of tax under LUT ) - Rs.77,13,671.00
2) Sales within state taxable - Rs.2,68,181.15
( Tax amount - CGST Rs.20,878.00 ; SGST - Rs.20,878.00)
3) Sales Within State Exempted /Nil rated - Rs.3,16,284.50

II) ITC - Credited towards our purchase in this period (July 2017) is CGST - Rs.55,855.00 & SGST - Rs.55,855.00

In 3B return for July 2017 we used the ITC amount CGST Rs.20,878.00 ; SGST - Rs.20,878.00 for the taxable sales as mentioned above

III) Now I have to get refund of the balance amount of
CGST Rs. 34977.00 (55855.00 - 20878.00)
SGST Rs. 34977.00 (55855.00 - 20878.00)

Total Refund amount = Rs.69954.00


In Statement 3A table in refund computation I need clarification:
In my case kindly explain
What is Turnover of zero rated supply of goods (under this head what is IGST/CGST/SGST)
What is Net input tax credit ( under this head what is IGST/CGST/SGST)
What is Adjusted Turn Over (Under this head what is IGST/CGST/SGST)

Kindly clarify my quires. Thanks