Respected Experts and my Fellow friends,

A partnership firm is having four partners with Rs. 1,00,000 capital each i.e Rs. 4,00,000 as on 31.03.2016. The firm had an arrear rent of Rs. 15,00,000. Two of the active partners have deposited Rs. 7.5 lakhs each in the current account of the firm from their own bank account and from there, the firm paid the arrear rent of Rs. 15,00,000 by issuing cross cheque.
What will be the treatment in the balance sheet as at 31.03.2017 ?
How the loss can be shown in Trading and Profit & Loss Account or/and Balance Sheet ?
What kind of loss is this relating to further introduction of Rs. 7.5 lakhs each by these two partners?
Can this loss be carried forward in IT for adjustment with profit in future years ?
For Information - I.T. Return has not yet been filed for the Firm and as well as of the partners for A.Y. – 2017-18. The firm is having a very low profit of every year … say around Rs. 20,000 – Rs. 30,000/ annum.

Thank you for your valuable suggestions in advance.
.

Dear Sir/Madam,

Can I Change rate of GST within the same Financial Year i.e 2017-18 for eg For the month of July 2017 i am charging 5% IGST without input tax credit and for the month of August 2017 i am charging 18% IGST as I am came to know that i can claim input tax credit under which section?

Regards,
Rakesh

Return Date for July & Aug Gst details

Dear All

Please consider that one supplier has received an advance of Rs 10,000/- in July and for which he has paid liability in July itself. While preparing the Invoice in August how it should be shown? Whether Invoice has to be made in actual amount or on the amount after reducing the advance received.

Thank you in advance

Gstr1 submission is still in progress since yesterday any solution availabe to solve it out

DEAR EXPERT,
PLEASE TELL ME THE TDS TO BE DEDUCTED AT WHICH RATE IN CASE OF SECURITY SERVICE PROVIDED BY SECURITY AGENCY TO A PRIVATE LIMITED COMPANY.

Respected Experts and my Fellow friends,

I have a query regarding Income Tax. A father, by occupation businessman, wants to give Rs. 20,00,000 to his own daughter for purchase of a flat in her own name. His daughter just got married in Jan, 2017 and he will give the money to his daughter in this September, 2017. His daughter is having no source of income or Nil Income.
How this Rs. 20,00,000 will be shown in the Accounts of the father ?
What are the possible ways out to bypass any tax, if levied, from the point of view of the father and as well as daughter ?
The father is a Income Tax Return filer, (unaudited).

Thank you for your valuable suggestions in advance.
.

Dear Experts.
The threshold limit u/s 194I is 180000 pls let me know is there any single payment limit for the same?

Thanks
Ankit pathak

Please tell me sir how to feed invoice when multiple GST Rate in Singal Invoice

can anyone explain under the below-mentioned scenarios

A) Supply of notified goods and services under section 9(3)

exemption up to rs.5000/- available for this ?
can we raise consolidated invoice?
where to show in gstr 2 ?
below rs.5000 all inward supply of services or goods to be reported in gstr2 or not?

B)all purchase from unregistered dealer under 9(4)

can we show below rs.5000 all purchase in gstr 2 ?