sachin Alwadhi
06 September 2019 at 15:59

Income tax on profit sharing

Query of partnership firm.There are two partners in the firm with profit sharing 35% and 65% respectively with no remuneration and no interest on capital.So what will be income tax treatment for profit part in individual income tax return of partner.


ANIL JANGID
06 September 2019 at 13:52

Gst liablity


Suppose goods or service supplier party filed GSTR-1 but not filed 3B and also such party did not deposited gst in govt department.
My question from whom gst department recover gst Is it from receiver or supplier of service and goods?


shoeb parwaiz
06 September 2019 at 12:40

Revised return after intimation 143 (1)

Dear Sir,

We had received an intimation from IT u/s 143 (1) on 24-Apr-2019 on e-mail and that was over sighted by me. I go through that e-mail on 05-Sep-2019 and came to know that there is demand of Rs.7500.00. The conclusion of the case is my Income from Salary as per form 16 is 450000.00 but due to mistake, income from salary has been shown in ITR Rs.5,56,000.00 and thus the demand arose for Rs.7500.00

I would request you please let me know how to revised / rectify my return.

Regards
Shoeb


Mohana M
06 September 2019 at 12:33

Gold purchase - reg

Dear Experts...

We are purchase to registered person for gold ornaments and the same sold to ornaments with 3% gst tax. But, my query is we are purchase for gold from unregistered [customer] person without tax. this way is correct or tax collected to customer????

2nd query is - if without tax purchase gold directly go through to stock. Then, as usual we are raise for sale invoice with gst tax 3%???? this way is correct...

without tax purchase go through to with tax sold ....

kindly solve my query.....

thanks for advance...


lokesh jain

Dear Sir,

Any tour & travel company selling a package to customers and charging GST@5% and same that package or services purchase from a vendor and vendor charged GST @5% and some vendors not registered.

Is Tour & Travel co. liable to deduct TDS @ 5% on vendor invoice charged GST @5 % or not charged.

Kindly guide.


karan kumar
06 September 2019 at 11:57

Turnover below 20 lakh

Dear Experts!
I'm not registered in GST because the turnover below 20 Lakh. Pls tell me can i send the goods by issuing invoice not containing the tax therein. If gst officer detained the goods in transit than.....

Pls guide

Thanks
Karan


Akash Dixit
06 September 2019 at 11:21

Gst liability on sale through swiggy

Dear Experts..i want to know that if someone having business of restaurant and foods are delivered through booking on App by Swiggy. After every week Swiggy sends Bill of Service Fee they add GST 18% (CGST9% and SGST9%) on it. My query is that How will I make a gst invoice to swiggy and in which amount ?


Raj Chitroda
05 September 2019 at 21:22

Business or profession

Dear Experts,

Kindly clarify following are business or profession

1, MUTUAL FUND COMMISSION INCOME
2, TUITION FEE INCOME
3, COMPUTER JOB WORK INCOME
4, TALLY ACCOUNTING INCOME
5, DATA ENTRY JOB WORK INCOME

Experts opinion requested.

Thanks in advance


PAnkaj
05 September 2019 at 18:33

Itc claim gst rfd 01

Is it mandatory to file gst refund claim online, can i file GST RFD form manually?


DEEPAK NIGAM

What shall be treatment of sale through Fleet Card provide by Indian Oil corporation in account books of petrol pump? whether it should be billed to Indian Oil Corporation or to the Fleet Card Holder for both income tax and GST point of view.
IOCL makes payment on behalf of fleet card holder. Should this sale be credited in IOCL A/c





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