Creditor's writeoff is shown as income in profit and loss account.
Whether the corresponding ITC needs to be reversed as per sec 17(5)(h)

Tax audit report filed by an auditor can be revised and signed by another auditor ?

I have some funds in my NRE account which are currently invested in FD. These investments were tax free due to the NRE account. I came back to India a few months back and my status would now change from NRI to Resident and consecutively the investment will no longer be tax free.
What are my options where I can invest these funds where taxability is low or none.
Please give me some advice.

hi, Tax audit report filed by an auditor can be revised and signed by another auditor?

Hello Expert, I am planning to join for a foreign (UAE Based) company as contractor from India. They will be paying in AED to directly my Indian bank account in INR based on the conversion rate for the same day.
Now, my query is under what category of taxpayer should I pay my tax and how will it be deducted.
Thanks for your help in advance.

Regards,
Deepesh

Dear Experts
We want to give plastic Raw material to a registered job worker for job work process a final products than return to me. but we confused for GST rate on job work, so please can you tell me what should be GST on it.

Tax audit report filed by an auditor can be revised and signed by another auditor?

IF ASSESEE HAS TO PAY THEIR PREVIOUS SERVICE TAX PAYMENT FOR TRIBUNAL APPEAL THEN HOW TO PAY SUCH SERVICE TAX PAYMENT IF CHALLAN IS ALREADY GENERATED?
WHETHER MANDEATE FORM FROM BANK IS REQUIRED TO BE GENERATED OR ANY OTHER OPTION FOR SUCH SERVIE TAX PAYMENT?

Sir,

We are a registered dealer under Regular scheme. Pls. tell us what is the minimum annual turnover to become eligible to file Form 9 and Form 9C for FY 22 23.

With Regards.

Dear Experts,

What is GST rate on Gold ornaments making charges (jeweller to consumer)? Is it 5% or 18?

Is GST payable under RCM on purchase of GOLD BAR/BISCUIT from consumer by jewellerer?

Is GST payable under RCM on making charges charged by unregistered person (goldsmith) to registered jewellerer? If Yes than at which rate 5% or 18%??

Thanking You
Nirmal Dave