sumit sharma
06 February 2021 at 14:10

C FORM EDIT & CANCELLATION

CAN WE EDIT OR CANCEL C FORM AFTER GENERATED


Kollipara Sundaraiah

sir,
i.t. assess un secured loan and sundry debtor(cash Loan) outstanding balance in books show as on 31-03-20.
un secured loan amount Rs:4 lacs
sundry debtor(cash loan) amount Rs:5 lacs

1.assess sundry debtor balance amount Rs:5 lacs transferred to un secured loan account adjustment accounting entries(contra) passed.
2.Differance amount Rs:1 lacs amount cash receipts from debtor entries passed in books in f.y.20-21.
question:
Assess adjustment entries in books allowed in i.t.act


Pragna Marfatia

I want to see what is tax liability in QRMP scheme. So when I create challan PMT 06, will it come automatically filled?
Also, I have credit in electronic credit ledger as well as cash ledger, how do I adjust before paying balance tax?
Please guide.


Pitchiki Ramalingam

My client has given his bus on lease to APSRTC during 2016-17 and received hire charges of Rs. 22.00 lacs. The Commercial Taxes authoritiers at Srikakulam issued notice proposing levy of tax at 14.5%. The applicable rate of tax is 1% or 14.5%?


Mohammed Madni
06 February 2021 at 10:58

Disputed Rental income

I have a pending SLP before supreme court, it regarding my shop , developer was paying me a rental income every month but he discontinued since 2017 due to dispute.
Now if I win the case , will get rental income from 2017 till date , my query is how to account and file income tax on that as of now or should I wait till the outcome but that will lead to a huge receipt in a single year


Kollipara Sundaraiah
06 February 2021 at 08:49

Limit for gift transaction and amounts

Sir,
I.t.assess cash gift received from family members in f.y.20-21.
1.dt:21-09-20 cash gift from father Rs:1,50,000/- through on bank mode
2.dt:22-10-20 cash gift from mother Rs:2 lacs through on bank mode.
Question:
1.Assess gift from family members how many times one finicial year allowed.
2.any limit of gift amounts(ex:10 or 20 or 40 lacs) received in i.t.act.


pinky acharya
05 February 2021 at 23:28

Registration for GST for my cake business

I am home baker and making cake for the past more than 3 years and like to register for GST for further enhancement of business. My monthly turnover is around 25 - 30 thousand.I would like sell my producst online throgh ecommerce website and my own website.

Whats are the option to be select during GST registration .

Kindly guide for the same.


Irfan Khan
05 February 2021 at 19:51

TAX RATE

Dear Sir
A dealer is registered under composition from 01/07/2017 to 30/06/2018 thereafter registered as regular. In the composition period he shown turnover of Rs. 167220/- whereas on scrutiny by GST department the actual turnover comes out to Rs. 84,45,214/- which is correct.
Now the department is calculating tax commodity wise instead of composition rate.
Is it correct ?
If yes, please quote section.
Thanks


suuny
05 February 2021 at 17:08

Board meeting for sale of asset

Hi,
Does board meeting need to be held and board resolution need to be passed mandatorily for sale of any fixed asset of private limited company?


CA Shashikant Lonikarpro badge

Hi,
What is the time bar limit for Assessment for FY 2011-12 under Maharashtra VAT?






Follow us


Answer Query