One of my client has received cash for sales of Rs.2,34,000 and raised sindle bill of Rs. 2,34,000. Purchaser made payment in cash the whole amount at the one time but my client has raised cash memo for receipt for different dates below Rs.20,000.

Whether Form 61A, SFT Required or not? Or It is Nil Transaction.?

Please reply as soon as possible.....

How much depreciation rate on computer and software for financial year 2016 - 2017 (assessment t year 2017-2018). some advisor said that there is 60% depreciation in computer for assessment year 2017-2018 and some said that 40% depreciation for computer so can any provide right information and also amendment of income tax.

sudip raja
m-9427721997

Dear Experts, Can any one tell me what will be the consequences if export invoice submitted to custom lower than actual invoice send to customer. First there is mismatch in sales value but we don't pay the duty on export & remittance directly debited to bank account so please explain me what is the implication of above issue.

Hi

can anyone help me to resolve my below queries

1. What will be the situation for purchase made from unregistered dealer in the state where company is not registered – do we need to take registration and pay the tax and then claim ITC in next month ?

2. What will be the situation for purchase of items listed in RCM from dealer located in the state where Company is not registered – do we need to take registration and pay the tax under RCM?

The Directors of an Unlisted Public Company have given Unsecured Loans to the Company, interest free and without any condition to convert the Loans into Shares.

During the year, the Board of Directors decided to convert the Unsecured Loans into Shares.

Can an Extra-ordinary General Meeting be called and Shareholders approval be taken and file Form MGT-14 with the Registrar of Companies.

What should be the amount paid/credited in case of tax deducted on salary of an employee in TDS return of 24Q, i.e. the amount after exemptions(net salary) or before exemptions u/s 10 (gross salary). If we take gross salary an employee can claim the exemptions while filling his income tax return, can't he? and vice versa?. Please help. Waiting in anticipation for your reply.

I'd like to know if it is mandatory to capitalise or show as expenses an asset having value more than Rs.5000. Please.

If a self constructed house is sold then what will be the cost of Acquisition, if land was purchased seperately in a different year and construction completed in different year?

Dear Sir/Mem,

I have income of trading of Mobile phones, and has transportation business as well with 500000 lacks income.
I have 200000 agriculture income also.
So, Which ITR should i file for the A.Y. 2017-18 ??

Received below message, can someone help me understand this and next course of action.

Total TDS by Employer of PAN XXXXXXXXX for Qtr ending Mar 31 is Rs 82,037 and cumulative TDS for FY 16-17 is Rs 2,03,786. View 26AS for details