Dear sir,

Our sales (1.65 Cr.) in F.Y. 2016-17 is totally cash less & 98% amount we have already received through Cheque, NEFT etc. except cash and remaining 2% will be shortly received through cheque.

My queries are :-

1) Are we eligible to file return u/s 44AD by declaring N.P. 6% to 6.5%?
2) Are we maintain any books except maintain record of 6% or 8% receipt against sales?
3) What types of records we have to maintain?
4) Is there any changes to receive intimation u/s 143(2).
5) We have to file return u/s 44AD in next five years.
6) Is there any changes for continuation of 6% cash less scheme?

Please advise & educate me.

Regards,

Rakesh Sharma

Dear Experts,

We are manufacturer & also Job worker. And do job work & outright sale to same party in the same state.

For outright sales we have to issue Tax Invoice but for job work whether we issue invoice or delivery Challan & where we mentioned our job work done charges. Earlier we maintained only one series for Outright sales & Job work.

Please advise sir, what we do with job work invoice.

Rakesh Sharma

A bought a flat a decade ago. Less than three years ago, he gifted it to his two sons in equal shares through a registered gift deed. Stamp duty was paid on the prevailing market value. Now sons want to sell it. What would be the value to compute capital gains tax? The price at which the father had purchased or the market price at the time of gift deed as reflected in the registered gift instrument?

A has two sons & one daughter. He lost his wife long time ago. A transferred his residential house to his sons B&C, by a registered gift deed. Now A has asked B&C to sell the house and distribute the sale proceeds in four equal shares. My questions are: 1. Can B&C receive sale consideration in 4 equal shares? 2. If not, then B&C will pay the above stated shares to A & Daughter. In such a situation, who would pay capital gains tax?

Mr.X has paid Rs.11750.00 on education of her child studying in per nursery school as below:
Tution Fees :- 8000
Term Fees :- 1300
Library Fees :- 400
Examination Fees :-1050
Sports fees :- 500
Laboratory fees :- 500
TOTAL :- 11750
So, now how Much amount of deduction Mr.X can claim

Reply on urgent

dear all experts if a employee is getting basic salary 9600 per month , 115200 yearly
Da 6820 per month , 81840 yearly
Hra 6568 per month, 78816 yearly
incentives 5200 per month , 62400 yearly
total per month 28188 total yearly 338256
P.F deduction per month 1152 , yearly 13824
HE IS ALSO PAYING RENT 8000 P.M YEARLY 96000.00 & HAS ALSO SUBMIT RENT DEED.
MY Q. IS SHOULD WE DEDUCT TDS FROM SALARY ?

Dear Sir/Madam,

This is Siva

I want to know what are the consequences I have to face, If I can`t migrate to GST with in Due Date(30th Apr 2017)

Hi, ours new company started in November 2016 , from November to March 2017 we have paid salary without deducting TDS as no one is under TDS from November 2016.Some employees are worked in other company and they didn't submitted their form16 or other proofs of TDS from exemployer . So we paid salary without deducting TDS.so should we issue form 16 to employees who are willing to file IT.

Hello,

We provide photocopying and spiral binding services to our corporate clients. Our clients wants to know the HSN/SAC codes for GST purpose.

I have found this code for photocopying services under HSN - 49060000 (PLANS AND DRAWINGS FORARCHITECTURAL,ENGINEERING,INDUSTRIAL, COMMERCIAL,TOPOGRAPHICAL OR SIMILARPURPOSES,BEING ORIGINALS RAWN BY HAND; HANDWRITTENTEXTS; PHOTOGRAPHIC REPRODUCTIONS NSENSITISED PAPER AND CARBON COPIES OF THE FOREGOING)

Is it Correct ? What would be the code for spiral binding service.

Thanks

IS E-VOTING A MUST WHERE THE COMPANY'S DEBENTURES ONLY ARE LISTED AND SHAREHOLDERS ARE LESS THAN 1000?