The definition of services under CGST Act says that services includes activities relating to the use of money for which seperate consideration is charged. Hence can it be concluded that Interest on Loan will attract GST ? as Interest is charged for use of money. Further. will Bank interest also attract GST ?

if client sold house in Feb 16 n deposits money in savings account till current date. now what is the consequences? tax planning

SIR I REGISTERED FOR CA ARTICLESHIP AFTER CLEARING FIRST GROUP IN MAY 16 AND TAKE TRANSFER IN DEC 16.
IN JAN 17 I CLEAR SECOND GROUP OF IPCC AND ARTICLESHIP JOINING IN OTHER FIRM IS FROM APR 17 IS IT MANDATORY TO REGISTER FOR CA FINAL BEFORE JOINING OTHER FIRM IN MY CASE.
THANKS IN ADVANCE

In case of partnership firm,belated return was filed for A.Y 15-16.Defective notice was received.The firm only received rental income of Rs. 144000 from its machinery and as a result PGBP aagya.Firm claimed expenses such as partners interest expenses and derpre.Now the firm filed its return under 44ad.Partners doesnt wish to pay tax.Defective notice was received as 44AD was applied and income was shown as zero and no 8% income shown.Now how to file its return so as to not pay tax ? They cannot show it under house property as expenses are claimed. One way is to show loss under 44ad.Can you help me out on this ?

Sir, My question is related to closing stock adjustment and pass jv.
Our opening stock is RS. 2000, Purchase for the current year is RS.1500, Sale is RS. 3000. Closing stock mannualy taken RS.1000. I want to pass the JV for this closing stock in the system and transfer to next year opening stock. How to pass the jv.

Please help to sort out the issue

Pls any body clear with example clubing of income in income tax

Sir,

I would like to know which amount is taken as cost of acquisition in case of land or building if the purchase consideration paid is less than the market value at the time of purchase of the property?

Hi sir. My friend has paid the tax in the fourth quarter of 2015-16. But he forget to do file the Etds Q4 in the same year. Now he wants to file the last year's Q4 of 2915-16.
Can we file 205-16 Q4 etds now.?.
If we filed then wether we have pay fine amount ?.
And if we not filed then what problem we may come across ?.
Plz reply sir.
Thank you

Respected Sir,
one of my client is salary person and also doing shares in derived and options.at time of filing return he did not inform about share trading and file return as per Form 16.
Now he got notice 142(1).please furnish details of investment made in Shares\derivatives.
in shares trading he incurred loss.
what is solution for this.
Kindly advice for this matter
Thanks to All
Vikas

Hi!!! I am a CA final student . This May 17 will be my 11th attempt in CA finals and I don't think I'll be clearing in this attempt also. I wanted to ask whether I should leave CA? What if now I want to go for a career in some field other than related to tax accounts etc. , if I choose to leave CA at this stage?
Looking forward for your response as soon as as possible.
Thanx in advance...