hi friends, on of my friend is NRI but last year he was received some interest from bank for that even tds was deducted. his income below 2.5 Lacs to claim the tds which returns he has to file to income tax department. and in that whether he is required to show income earned out side India. kindly help us total 365 days in livid in us only. thanks Shiva

Sir,
I have booked a entry for audit fees payable and deducted TDS under section 194J on 31-3-17 but TDS amount is not yet deposited and fees is not yet paid. My question is whether interest will be paid on payment of TDS and at what rate 1% or 1.5%????

Dear Mates,

I'm a new startup of proprietorship firm (Registered Under Service Tax / GST / Turnover 15 Lacs) and want to know is Serial Numbering on Invoice will be compulsory? like INV0001, INV0002, etc.

Because till now I was use to send based on customer's UID such as:

Customer UID: 785881
Invoice No.: INV/785881/1, etc.

So what can do? Because I'll get business if I use INV0001, etc. because then customer will be able to see I don't make business.

Looking for serious help. Thanks

What is the treatment of preliminary expenses as per Income Tax act, companies act and Accounting standard 26????

Sir, I am a motor parts retailer (Tirupoti Motors) along with a branch which deals in tyres( Tirupoti Tyres) having a TIN number as Tirupoti Motors.. The TIN has been migrated to GST though I was not able to add additional place of business.. The provisional GSTIN certificate that I received yesterday shows only Tirupoti Motors only as the branch Tirupoti tyres could not be added during the time of migration due to technical problems of GST website (which is still having same problem).. Now, the suppliers are reluctant to sell tyres to me as no mention of branch TIRUPOTI TYRES is found in GSTIN provisional certificate.. Can you suggest me some measures to sort out such anomalies so that I purchase tyres and run the smoothly.. Rajen Agarwala Tezpur, Assam

How can i compute net cash inflows and net cash outflows from a cash flow statement (prepared in indirect method)
i know that positive values are inflows and negative values are outflows. but i am getting confused. for eg. in the year 2016 changes in long term borrowings is given Rs. (25,700) which is negative and in the year 2015 changes in long term borrowings is given Rs. 47,454 which is positive. so the same item (i.e. changes in long term borrowings) can be inflow and outflow?

Hi, my query is whether the employer who provides perquisites like rent free accommodation, credit card etc is eligible to deduct the same in his return?

if any person is purchasing goods without invoice and also selling the same without invoice , how he will be caught in gst for tax evasion

Dear Sir,
If a person was unable to link aadhar number with his PAN within 30th June'2017 in Income Tax Portal, can he do the linking process in July'2017 or not.

Thanks,
Abhishek.

Dear Expert Team

Kindly guide the how to update the GST REG-26

We received the ARN no everything . but today we received today e- mail from Govt update GST REG-26

Pls guide the same and do the needful