Dear Sir,

A person is carrying the business of Bakery. His Total Sales is 60,00,000/- in the FY 2015-16. He is showing the income less than 8 % and maintaining the books of accounts and his total income is exceeds the maximum amount which is not chargeable to tax. Whether he is liable to get his accounts audited u/s 44 AB? He is not opted for section 44 AD presumptive basis.

what would be the procedure for above in Gst regim 1- can the supply be done as in vat regime 2-any tax liability to supplier or would remain same as vat

is it required to make tds on bill amounted to Rs 35000/-, where material is Rs 32000/- and labour Rs 3000/- bill of electrical material and maintainable.

I am unregistered dealer under present law. Can i claim ITC on closing stock? if i opt composition scheme under GST. if yes, what is the rule for claiming ITC.

Hi, I am Kishor, married and aged 43. I am having income from fixed deposits only. What all IT deductions available for me other than salaried person? Can I take 15K medical reimbursement benefit? house rent benefit? in deduction.

RESPECTED SIR
IF A COMPOSITE DEALAER PURCHASE GOODS FROM UNREGISTARED DEALER, IS HE LIABLE FOR REVERSE CHARGES? PLEASE ADVICE THANKS.....

limit of 20 lakh is applicable for all goods and serivces or any servie is there tht is taxable from Rs. 1 ?
e.g= money transfer, aadhar card centre etc.

I WOULD LIKE TO TAKE...VOLUNTARY....NEW GST NUMBER
I AM IN COMPOSITION SCHEME
I AM...SURE...MY YEARLY TURNOVER..........NOT MORE THAN 10 LAC,,,IN MUMBAI....

I WOULD ...HAVE TO FILE QRTLY...RTN........LIABLITY TO FILE RTN ????

I AM RETAILER...........ALL CASH SALES........TO CONSUMER

ATUL -- 9969069215
LOOK4U@REDIFFMAIL.COM

Dear Experts, If I purchase and things for office​ use from composition dealer as per rules he will not collect the tax...but I want to know that tax is applicable on me on reverse charges basis as per sec 9 sub sec 4..?

Dear Sir/Madam,

An employee of a company gets leave encashment salary every year on account of his excess leave balance over the prescribed limit. (This is a leave encashment during the continuance of service)

Whether deduction/exemption is available u/s 89 or any other section of the Income Tax Act in respect of this?

Thanks.