Hello,
We received Form 24Q& 26Q to Chartered accountant...
we are not deducted TDS in salary..How To Reply Charted accountant To NIL TDS Return File.
Please Reply

Dear sir,
one of my client is a salaried person, having the taxable salary and also interest income on FDs' on which TDS is done by the banker. When i am going through his bank statement, i observed that he has taken the loans by cheque and also repaid the loans by cheque and such loans taken and given are also in huge and big amounts.
Now i am filing his income tax return in ITR-1. My doubt is that whether do we have to show all these loans taken and loans given ( that are reflected in the bank statement)
Kindly advice.

Sir,
Due to software error, right from July 2017 to MAY 2018, in one company, while uploading the GSTR1 , most of the customers GSTNS' wrongly uploaded and we also have not checked up. But recently, when the customers are calling and asking as to their bills are not appeared in GSTR2A, then we started checking the data and we found that due to software error, this was happend.
Hence, kindly advise us as to what to do, and how to rectify such errors, all the customers are making lot of pressure and stopped releasing the outstanding dues.

Hi,

As per Central Government vide Notification No. 40/2017 - Central Tax, dated 13/10/2017, no GST on advance received against supply of GOODs for assesses having aggregate turnover up to Rs. 1.5 crore w.e.f. 13th October 2017 & as per Notification No. 66/2017 – Central Tax, dated 15/11/2017 for aggregate turnover above Rs. 1.5 Crore w.e.f. 15th November 2017.

With reference to above Notfn's, If Advance received against sale of Goods is not Taxable under GST, Then is it compulsary to mentioned details of advances received in GSTR-1 Return - 11A(1) & 11A(2)?

Thanks in advance

Manoj

Dear Sir ,
A situation have been arised to us in which GSTN given by our Buyer was wrong . We given that GSTN in our invoices related to that party and accordingly we used to file our GSTR-1 . Recently he visited us and said that his GSTN given in invoies is wrong .
Sir what is the remedy in this case , so that i would be safe as well as my buyer would also get the ITC benefit ??

Pls advise

Dear Sir,

I have a query regarding 44AD r.w.t 44AB of Income tax act 1961.

query is as follows along with supporting provisions and FAQs.

PFA act of 44Ab, 44Ad and FAQs mentioned on income tax site (https://www.incometaxindia.gov.in/_layouts/15/dit/mobile/faqs/faq-questions.aspx?key=FAQs+on+Tax+on+Presumptive+Taxation+Scheme&k=)

As mentioned in ACT under 44AB, that if assessee had opted 44AD in earlier previous year and now he is opting out from 44AD during the current previous year then he is liable to get audit of book of a/c.

but in FAQs
there is Two points mentioned,

in first point, it is mentioned that if assessee is not opting 44AD and opt normal provision of income tax then normal provision ( turnover - expeneses = income ) will apply, then assessee will require to maintain books of account. and if t/o exceeds Rs. 1 crore then audit u/s 44ab will be applicable.

In Second point, it is mentioned that a person who is eligible for 44ad declares his income at a lower rate ( at less than 8%/6%), if he does so and his income exceeds maximum amount not chargeable to tax, then he is required to maintain books of account as per 44AA and has to get his accounts audit u/s 44Ab.

Please go through and suggest me that if a partnership firm(formed in may 2017) declares 90 lakh turnover and profit at 3.33% of 3 lakh and he does not opt 44ad he opt normal provision ( turnover - expeneses = income ) and maintain books of accounts as per 44AA and file ITR 5 ( applicable to partnership firm). then, is he liable to audit?

i will be very thankful.

questions in relation to GSTR-3B is that if any invoice data gets missed while filing March 2018 return, then what shall be the implication? & how to taken in March 2018 as there is no revised return.

Assesss is proprietor commisiion agent misout the one sale entry of march 18 & ITC of that bill claimed by opposite party ( Ltd co. ) in march return.

no how to shown in march 18 return so get itc by opposite party.

In items details only hsn and taxable value , 2 compulsory fields r there. If we fill only these 2 fields and leave all other fields i.e. qty, tax rate etc , than my query -
1. Will it be wrong
2. The vale of goods in such ewaybill bill will be taxable vale only , which will not match final bill AMT after taxes. So in practical the people on road chking this , do they hv this knowledge or will they harass us. ( As is common with general tax authorities).
Vikash
9936699412

Dear Sir, I am filling the income tax Return -1 as salaried person, I am getting problem at the submit.

Please find the below Error
Error: since the amount is disclosed in income chargeable under the head salaries is less than 90 % of Salary reported in Tds-1

As per Form 16 Salary 696456/- Less HRA Allowance: 157440 Conveyance allowance: 19200 I am putting the salary part : 519816/- after deduction Hra & Conveyance Allowance

While filing presumptive income u/s 44 ad or 44 ada the itr-4 is asking us to fill the total balance sheet which is not logical. When the books are not being maintained how can we make balance sheet. One one side the income tax department is asking us to file on non-account case and simultaneously on other side the income tax department is asking the assessee in ITR-4 to fill the total balance sheet. It is not possible unless and until books are maintained. Please pass your comments on my views. I shall be highly obliged to u.