widoow with commission from lic of India whose husband was agent and interest income from relatives whom she has lent money which itr to file and whether she has to show interest income as other sources or business income
A person has Bakery Shop having turnover less than than 75 lakhs of the preceding financial year, what will be preferable Scheme to him under GST, Regular Or Composition? and what the Tax Rate will be applicable?
Section 44 ADA effective from financial year 2016-2017 has allowed specified professionals to claim 50% profit.
Section 44 AB says if income is lower than 50% as per section 44 ADA, then tax audit is required.
So in case of doctor
gross receipt is 40 lakh
and he shows income less than 20 lakhs (50% of 40 lakh)
it means he is liable to audit.
Please confirm and advise
Hello Sir,
If I have 5 house, one is used for residential purpose and other are on rent in first year and rental income chargeable to tax but in second year if all 4 house get vacant then is there need to show deemed income? or not? please solve this query
thanks
Dear Sir 1.what is the rate of gst on service charges of travel agent 2. can a travel agent has itc of purchased of tickets from other travel agent or air lines 3. can they charged gst to Customer
A company is so unit having turnover of more than 1.5 correct,will the company fall under central or state department.
Advance payment to supplier tax invoice or proforma invoice required for payment in GST.
Dear Experts, pls kindly cnfrm me what will be the gst impact on brokerage. If a broker getting brokerage and his turnover not crossing 20 lac than who will gonna pay gst liability....? What is the rate of gst on brokerage services....? If its in under RCM than where we can claim tax amount paid by service recipient....?
Dear experts if a person is a proprietor of two firms.. one is a trading business n other is a servicing business ...both with different name registered in vat and service tax respectively...then how their gst procedure will b run? i mean gst return of both the business will b clubbed? and bill book witj two different firms name will be continued with same pan number??
DEAR SIR/MADAM,
CAN I USE TAX CREDIT OF IGST FOR LOCAL SALES? BECAUSE I HAD ZERO CREDIT IN SGST AND CGST AND NOW I HAD TO MADE LOCAL SALES.
itr