Is there any requirement of writing a note in notes to financial statements with respect to Revaluation of assets in the years subsequent to revaluation ? If Yes, what is the note to be written ?

which person is liable to get his books of accounts audited?

As per provisio to 140(3) of the transitional provisions, only a trader is eligible to opt for this scheme.
In case of a 2 wheeler dealer say Honda motor vehicle dealer, he is also a service provider as he does servicing of vehicles. Can he opt for the scheme as he doesnt have excise invoice for spares, and claim full credit in case of vehicles where he has excise invoices.

As per provisio to 140(3) of the transitional provisions, only a trader is eligible to opt for this scheme.
In case of a 2 wheeler dealer say Honda motor vehicle dealer, he is also a service provider as he does servicing of vehicles. Can he opt for the scheme as he doesnt have excise invoice for spares, and claim full credit in case of vehicles where he has excise invoices.

As per provisio to 140(3) a trader can claim the credit at the rate of 40%/60% of the CGST paid on the stock lying on the appointed day subject to that it was not unconditionally exempt under Excise.
A trader who deals in various goods of which few were exempt under excise and few were taxable.
Now can the trader opt for the 40%/60% scheme in respect of goods which were not exempt under excise or does the rule means all the goods which the trader deals should satisfy the condition of not being unconditionally exempt.

while i was uploading one of our client return this error apeared
xml schema is invalid upload the xml in correct schema
at line number 129: invalid content was found starting with element 'itrform:pribankdetails' one of '("https://incometaxindiaefiling.gov.in/master".bankdtlsflag)' is expected
how to solve this error???????

Dear Sir / Madam,

I Want to Perticide / Fertiilizer HSn Code please provide the same as earliest possible.

Thanks & regards

Mallikarjun shetty-Solapur
9423535956

Dear Experts.
our proprietary firm turnover is 1 crore 76 Lacs in FY 2016-17. the tax audit is applicable u/s 44AB but we are going to opt sec 44AD Not for Tax audit. plz let me know do we need to deduct TDS in FY 2017-18.

Thanks
Swati

Goods sale under SEZ & 108/95 without payment of excise duty under LUT-1. *In GST what will be process

SIR,

Suppose,
a woman has received and saved with herself around Rs. 48,000 cash during last 15 years, from some small home based works.
And this amount also includes the amounts received by her from her parents and other elder family members as a small gift amounts (-like shagun and neg, etc.) on festivals and other social occassions .

This amount was saved with herself, in old 500 and 1000 denomination notes in CASH.

But, due to demonetization in November-2016, she had to deposit this savings amount in bank account, because if she would have not deposited in bank, then her money would have been invalid and of no any use.

Now, when she has deposited this cash amount in her bank account, during NOV. to DEC.-2016,

Que.1: Will this amount be treated as her INCOME , of FY 2016-17 ?
- If Yes, then - which type of Income is this?

Que.2: Will she have to show this amount, in her Income Tax Return of F.Y. 2016-17, as income ?
- If Yes, then where to show it in Return ? - Under which head ?
- And what to mention, with this amount ?

Que.3: What , if she does not show this amount in her I.Tax Return ?
Will she have to face any problem due to this ?

Because, as per her own opinion,
This amount is not received in FY 2016-17. It is received during last 15 years, before FY 2016-17.
The amount which she deposited in bank in FY 2016-17, is not income of FY 2016-17, but it is her savings of last 15 years.
And her income has never gone beyond the exemption limit in any of the past years.
She is a house wife always and she has no any other income except this.



PLEASE, SHARE YOUR EXPERT OPINIONS.
Thanks.