sir, pl suggest a solution- A client is doctor follows cash system. in fy 14-15 accrues fees rs.25 lakh as per form 26as and deducted tds of rs.2.5 lakh thereon. but actualy recd. only 8 lakh in fy 14-15 & mostly remaining in fy 15-16. Then how his income calculate for tax purpose. If in fy takes income rs.8 + tds 2.5 = 10.5 lakh then there is refund and in fy 15-16 various amounts recd for LY as well as current period, hence there is much tax payable. How compute correct income and taxability. Thanks.

Dear Experts, 

Please guide me regarding the taxability of the following -

A) Mr. X is a commission agent who books lorries on behalf of other transporters, issues his invoice and receives the
payment. 

    TDS is deducted on payments received and reflected in his FORM 26 AS

    He makes payment from his account to the other party and keeps only the commission for the service rendered.

    How will he be treated? Whether as Transporter or Commission Agent? 

    Also, can he file ITR 4s?



B) Mr. Y is a commission agent who books lorries on behalf of other transporters. 

    He does not issue any invoice and he DOES NOT receive any payment for goods.

    The two parties directly make payment to each other.

    He only acts as a mediator between two parties and receives the commission.

    How will he be treated? Whether as Transporter or Commission Agent? 

    Also, can he file ITR 4s?

Our company is into trading of goods and also provides services. We are registered under 4 states for VAT and for service tax we have opted for centralized registration for those places from which we provide the services which is mainly from 1 state only. Now, since we are getting registered in GST for all the 4 states, do i need to mention service tax no. in company profile in all the states for registration or from only that state from which we provide the services. Also, in providing details of goods and services i need to mention only services details in only that state in which services are being provided for rest i don't mention anything about services. Will this do?

Also, if we plan not to opt for GST registration for 1 state as the taxable turnover for that state is less than Rs.20 lacs- can we exercise such kind of discretion or we have to compulsory get GST registration done for all 4 states.

Please guide in this matter. Thank you in advance.

hello sir,i"m a ca aspirant
bcoz of my family and financial situations i've made a study plan for my ca study.Sir now am looking to do a diploma in finance course with sap(tally,excel,quickbook,peachtree, and sap) 2 hr clss 8 mnths duration at the same time will try for cpt by self study and after complete diploma wil try to get a job in any mnc and then with coaching in the wekend and studies in evry night along with job wil try for ipcc and whenever pass ipcc wil do article
sir i"m 24 yr old
i know it take huge time and taugh to do
but i hav no other option
is it good to follow with it or not

Greetings to all of you.

Request your guidance on taxability of Rent free Bachelors Furnished (One Room) Accommodation provided by employer to employees / Graduate trainees at the place of posting.

Is it covered under the definition of Residential Accommodation Perquisite?

Kindly advice on the matter.

penalty of Rs 5000/- applicable for AY 2016-17, if Return file after March 17 or not?

Hello friends, can anybody tell me what are the amendments in FTP from May 2016 attempt up to this may 2017 attempt.

Sir I posted my articleship registration letter on 21 February 2017 now i want to cancel Articleship registration and I want to join in another firm suggest me sir

What are the tax benefits of buyback of equity shares to both companies and shareholders?

Dear SIR/MAM
i having a confusion about conflict under section 44 AD and 44 AA. Under 44 AD, a person whose turnover is less than 2 CR can opt 44AD and not liable to maintain accounts but under 44AA, A person having turnover more than 25 lacks is liable to maintain accounts.
Kindly clarify the same.
Thanks& Regards
Nikhil Gupta