My total Turnover is Rs.27.00 lac during the financial Year 2016-17. Out of which, I have received Rs.25.50 lac vide cheques and 1.50 lac remaining receivable..May I declare income @ 6% on Rs.25.50 lac and 8% on Rs.1.50 lac u/s.44AD ? The outstanding amount of Rs.1.50 lac has been received by me in April,2017 vide cheque.

Hello All,

I have doubt in GST, UGST is levied on all intra state transaction & CGST & SGST is also levied on intra state transaction. please clarify on this how it is different.

Thank you

Sir,
The Client maintained deferred tax asset nearly Rs. 20,00,000 in FY 12-13 and filed Tax Audit Report. But after wards they didn't file any income tax returns. As per AS-22 if there is any certainty of taxable Income arises in following years only I need to maintain Deferred Tax Asset. But in the above company they are incurring losses in the following years. So I realize the maintainence of Deferred Tax Asset is not ethical. What will do for Closure of the amount reflected in Deferred Tax Asset?

Dear Sir,

We are manufacturer as well as trader but we are not passing duty against traded material.
On 30th June 2017 all of our Trading Stock for which we had not claimed credit ,then how can we claim credit for such stock, because we have to pay GST on the same.

Please suggest me and provision for this issue?

SIr can we pay salary to our employee in cash exceeding rs 10000/- according to sec 40(A)

please tell someone whether travel exps. reimbursed to staff more than 10000/- say 25000/- who gives his tour bills, fooding & lodging etc for 7 to 8 days, whether we may make full payment of 25000/- to him or there is restriction in such payment u/s 40A(3)??

from now on there is a limit of 10000 rs which can maximum be accepted as one time cash payment in a day from any of my sundry debtors.is there any limit on the total payment that can be accepted as cash in a year.
suppose he has bills worth rs. 10 lacs in a year. can he deposit 10000 every day as cash. or is there a limit to cash deposit in a year for a particular account

Respected Sir,
Good morning i have some query related tds given below-
1) We have paid to party 23rd December 2016 u/s 194c and deducted tds in month of march and deposited on 23 rd April 2017. We have applied tan in month of feb -17.My doubt is.
I) Is applicabl tds on delayed payment?.
II) Is liable for intrest on late payment of TDS?
III) Is liable for penalty on late filing of E-Tds return?

Please Sir guide me.

Can any body will guide me how to take transfer of articleship in 3rd yr. The reason for the said incident is my father is driver in Asansol n I'm pursuing my articleship from kolkata but due to lower earning income of my father, the cost of living in kolkata is unaffordable for me so i want to shift from here. Please guide me only on this matter. I need help 😢

When wife and husband having salary and other sources income above six lakhs per annum ,then exemption limit jointly Rs2.5 Lakhs or Rs 5lakks, The tax calculation will be as separate individuals or combined, please clarify.