GANESH DATTATRAYA JOSHI
24 December 2016 at 11:56

SMALL BUSINESS NOT UNDER AUDITS

Small business not under audit. Not having TIN number also purchases are fully exempted can avail purchase as their expence in Profit and Loss Account



Anonymous
24 December 2016 at 11:22

Nature of business

Dear Experts.,

How to select 'Nature of Business' in ITR...?

If A Assesee have business Trading or Manufacturing with Labour Contract works under A Firm name. Which Category of Business Nature...?
Ex: XYZ and Co doing Trading & Contract Works...
Ex: ABC Pipes doing Manufacturing, Trading and Contract works...

Please reply

Thanks in Advance



Anonymous
24 December 2016 at 11:01

Public or pvt. ltd. company

Dear Experts
We are running partnership firm want to convert into companies. Pls clarify weather a partnership firm can be convert directely into public companies or it will be convert first in pvt. Ltd?

Pls clarify the same

Thanks & Regards
Anmol Gupta



Anonymous
24 December 2016 at 10:54

Vat & service tax in gst

Dear Experts
I am paying Vat and Service tax. Pls tell me weather GST has been applicable or it is yet to be applicable

Also tell me will i have to pay 18% GST separate for vat and 18% for service tax or it will be paid combined 18% for both vat & service tax

Regds
Ramesh singh


Vinod
24 December 2016 at 07:50

Bachat Gat (Group saving fund)

sir, we have started friends group fund since 2010. There are 10 members and contribution arw rs. 2000 per month. if somebody ned money, he applied loàn for 1% interest per month. we have open one saving account in the name of NAVAS MITRA MONDAL and pan is AOP. all money deposited and withdraal same a/c. Now we have cross 8 lakh our fund amount, 5 lakhs loan given to member and 3 lakh bank balance. In the group, signing authority are president, sceatary and accountant any two. There are main motto of saving fund SAVE MONEY and emergency fund Now what is impact of income tax and how to return


Somil Bhargava
24 December 2016 at 03:23

Salary

X,an employer of the central government receives RS 8,90,000 ,as cash equivalent of earned leave to his credit at the time of his retirement on aug 31,2016.He joins a pvt sector on oct 1,2016.The assessing officer is of the view that since X has joined a pvt sector,the amt of earned leave received by him is fully taxable.Do you agree with him?


ERO0207872 NITESH KUMAR JHA
23 December 2016 at 23:25

Incorporation of pvt ltd

Today i resubmited the required forms for incorporation that are INC-7,12&22 but after that it shows Inc - 7 invalid & not been taken for records. So does resubmition allowed only one time and whot should i do now to complete the incorporation process.



Anonymous
23 December 2016 at 22:10

Nature of business

if an assessee sells colddrink and other packed snacks in retail to final consumer,while filling income tax return,what can be descriprition for nature of business?


Dinesh

Haryana dealer sells goods in Gujarat and up and turnover 13 lakh yearly but goods are exempt under vat (item is lable) and my question is we require to register under gst or not. please guide on this.


Shubham Mane
23 December 2016 at 20:26

Enquary

i had purchased some shares from my friend which are got from public issue in 1994 but the share holder is no more so how can i transfer these shares in my account which is dematted






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