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

Dear Sir,

Can a registered person take the ITC of GST charged by the restaurant for the food bills of office?

Please advise

In the beginning of FY 2015, I had bought a flat in an under construction building in Thane District. I have taken Home loan from State Bank of India (NRI sea woods Branch, Navi Mumbai), but so far could not get Income Tax exemption on home loan interest part as the flat is under construction, now in the current financial year (in February 2017), I am getting possession to this flat, considering this scenario, request you to please let me whether in addition to the current financial year's home loan interest exemption, can I avail the exemption on the home loan interest for prior financial years in the current financial year. Kindly note that approximate home loan interest amount for this financial year is around INR 1.9 lacs and the total loan amount is INR 46 lacs.

For your further information kindly note tat I am a salaried employee, have been currently working in Pune since September 2015 and have also been availing HRA exemption as I live in a rented flat in Pune.

Would appreciate an early response and any additional relevant useful information.

Thanks and regards,
Fazle

Hello Members,

Scenario: I paid a sum of Rs. 1000000 as advance to purchase a house property in 2014. Meanwhile, I availed a housing loan to pay the same.Due to dispute, the agreement was revoked and the advance along with the interest was received in 2017. Also, I had been paying interest on Housing loan for these years. Now, I have two queries:

1. Should I offer the Interest on such returned advance as Income?
2. If I should offer the Income, can I set off the interest paid to housing loan against it? (Net can be offered?)

Last F.Y (16-17) our turnover below 1.50 Crore , We already Filled GSTR1 for the month of July,2017 as on 01/11/2017, but we see that 23rd GST Counsil Meeting said that Taxpayers with annual aggregate turnover upto Rs. 1.5 crore need to file GSTR-1 Period 1)Jul- Sep - 31st Dec 2017 2)Oct- Dec - 15th Feb 2018 3) Jan- Mar - 30th April 2018 What to do now..............., Can We submit Aug17,Sep17 GSTR1 Return then Quarterly basis or ..................... please suggest

1. I have recd cash gift of Rs 50000/- from my mother-in-law in FY 17-18, whether it is taxable in the hands of recipient or not?

2. I have not recd any salary since April 2017 as i have left the job, but i have undisclosed cash around 4 lacs & have deposited in bank. what should be the tax implication & treatment in the books of accounts.

kindly suggest valuable feedback