Dear Sir,

I had not shown Salary expenses of Rs. 1 lac in my Profit and loss account as there was not much profit earned during the year. I showed it as Advance Salary paid.

I want to know whether this Advance Salary can be booked as expense in future years to come when I want to adjust excess profit earned during the year.

My return is filed under Section 44AD.

Please help me in this matter.

Regards,
Divyesh Jain

What is the Business code number for Money lending and LIC agent in ITR3

Hi Expert,

We have got order from EOU unit, & we have to claim refund of GST vide notification 48/2017-Central Tax dated 18.10.2017, but in same transaction we are going to import duty free goods under advance authorisation. so can we claim dual benefits of GST refund and duty drawback import under advance authorisation.

Sir my factory is chappal and shoe mfg so please provide me gst rate with hsn code
already gst hst code on billing 64041110
please confirm me it is correct (yes/no

Dear Sir,

(1) My Client have 2 Milk Tanker, he uses it for transportation (On contract basis with Milk dairy) of milk, and Annual Income is above Rs.40 Lakh. Is he need to register under GST?

(1) My Client have 2 Milk Tanker, he gives the tanker along with driver to dairy (on contract basis), dairy uses it for transportation of milk, and Annual Income is above Rs.40 Lakh. Is he need to register under GST?

Can deduction under section 80GG be claimed if the rent is paid in cash?If yes, is there any limit for the payment of rent in cash?

Thanks in Advance

Assessee aged 63 has incurred more than Rs.50,000/- towards medical expenses and also incurred more than Rs.50,000/- for his mother aged 86 years in f y 20-21

My question is whether he can claim deduction of Rs.1,00,000/- u/s 80D from his taxable income ?

If business entity have taken any service (advice & Professional service) from advocate other then legal service whether RCM will applicable on business entity ?

Dear Sir ,

I am running one business in the name of Anant Traders (Sole proprietorShip Firm ) . i am maintaining the books in that name also . i have some rental income & Saving interest income which is depositing in my personal account which is in the name of sharad mittal . i want to know whether i just include the rental income & interest income in the books of anant trader which i am maintaining .or some other books i need to maintain for interest income ( income from other Source ) & Home rent ( Income from house property ) . All this i am asking for income tax purpose.

Dear Experts

As per section 11(5) specifying the modes of investment for a Trust it says " Deposit in any account with a Scheduled Bank" . Does that mean it can be any kind of account ( Savings /Current Account) or it has to be only a Fixed Deposit account?

Please clarify