If Invoice value is 100. Actual payment is 90. 10 is not paid as it was deducted from 100 as penalty. On what amount should TDS be deducted at the time of payment? A. Rs. 100 B. Rs. 90 Kindly quote provision if possible.

AY 17-18 Income details: STCG us 111A approx 35000 F&O - business - turnover Rs., 75000.. Income shown @8% us 44AD Rs. 6000 Other income : interest etc Rs. 3 L + For presumptive income ITR 4 is applicable but as there was STCG also... ITR 4 became not applicable and ITR 3 used. P&L schedule - blank... But below section which says 'no accounts case' we mentioned Turnover Rs. 75k and gross and net profit Rs. 6k (8 %) Nature of business - Trading others. 139 9 notice says.. Turnover not mentioned in P&L.... Or profit declared is less than 6 %.. Pls guide.

Dear Experts, I registered for IPCC during September 2016 under the old scheme, I have planned to write for the first time both my groups in November 2018. Please clarify the following: How many attempts am i eligible for? Will I be writing 7 or 8 papers? Will I be writing Indirect Taxes for 40 or 50 marks?

whether the notification for extension of TDS TCS till 31.3.18 under GST issued? As discussed in 22nd council meeting on 6th oct, 2017. If yes, please share the same.

Dear Querist, One Co. Have sale of readymade products of 5% & 12%. Above 1000 rate he charge 12% and below 1000 charge 5% as per gst rules. But after giving discount of 25% on overal bill rate of clubbed bill change. Now above 1000 rate after discount come to say as 990/-. Should Co. Charge 12% or 5%. Kindly tell.

Dear All

In our partnership firm, there is a loss of 1.26 lacs in current year. we, both partners, want to dissolve the partnership.
in our case what is the treatment of loss, should we debit it to partner's capital a/c in profit/ loss sharing ratio?

1. If we debit the capital a/c by loss then how it will reflect in ITR?
2. in case of loss, is audit compulsory?
3. if we dissolve it during the year then how to surrender PAN and when?

Regards
Praveen Jain

gstr 1 july filling error not submission return show msg current submission date not working check time line can i submit gstr 2before filling gstr 1

Can anyone please let me know why Form 106 in ICAI is required for.....? Is it for transfer of articleship.....?

I had filed GSTR 1for the month of July earlier then it was shown that it was filed at the GSTR portol, but when I tried to file GSTR 2 for the same month earlier filed GSTR 1 showing submitted so there is confusion whether it was filed or not. I have also have an image of earlier filed GSTR 1 that showing the confirmation that it was filed.

one of client is a ad producer in india.

..He has received contract for Ad shooting from indian company for Rs.50 lacs.

Shooting is to be done in UK.

He has subcontracted this to a UK based company having no PE in India.

I have to issue form No.15CB but unaware about the taxability of the same. Whether tax is to be deducted on it or not ??

waiting for the views of the expert.