Kaustubh Ram Karandikar
13 August 2019 at 09:10

Foreign remittance

What is the maximum time limit for outward foreign remittance against import as per RBI guidelines?


Anuj Srivastava
13 August 2019 at 08:38

Gst on fumigation of agri commodities

Is there any GST will be applicable on Fumigation Services for fumigating Agri-Products , used either for domestic purpose or for export purpose, provided by Accredited fumigation Agency.???
Is their any notification available, regarding the Exemption of GSTr on Fumigation services for Agri-Commodities
???


Bhishma Prasad Narzary
13 August 2019 at 01:59

Income from bank fd and share trading

The person is ST( Boro Kachari) as defined in clause (25) of article 366 of the Constitution
and
Residing BTC-Assam - Specified in Part I or Part II of the Table appended to paragraph 20 of the Sixth Schedule to the Constitution.
If the income are earned from
1. Bank Fixed Deposit.
2. Share trading.
Please clarify whether the Income are exempted as per The provision of the Section 10(26) of Income tax Act 1995.


Rajan svr

I have small pension income Rs. 30000, interest income Rs. 2.5 Lacs, short term gains 2 Lakh, Adsense income from my website  (for which i write my own content) of Rs. 3 Lacs  (annual). Have been filing ITR 2 so far. Intend to file ITR3 & take advantage of presumptive taxing for ad sense income (44ADA). for tax on 50% income.   Filling item 62 "COMPUTATION OF PRESUMPTIVE INCOME FROM PROFESSIONS UNDER SECTION 44ADA" in schedule "P&L"  with business code 14001-software development.   Is this OK or I need to stick to ITR 2


Mudit
12 August 2019 at 21:37

Query against annual return

My concern is that in financial year 2017-2018 I have not shown the sale bill neither in GSTR3B nor in GSTR1 as well as in income tax return also. But in financial year 2018-2019 I have shown that bill in GSTR1 and GSTR3B and in GSTR1 I have shown that bill by describing previous year bill. I want to ask how to show that bill in Annual Return.


Akash
12 August 2019 at 20:30

Gst registration & compliance

Dear Experts,

Greetings of the day.
I am having a business of wellness products in Delhi. I registered myself in Delhi GST in the year October 2017. My product comes in 12% tax category.
I do supply medicines to Bihar and very recently I started a store in Bihar also. Do I need to register myself separately in Bihar for GST or my Delhi registration is sufficient. I am totally confused how to do the billing in this case. Please advice..

Thanx in advance.


Rishu Pathak
12 August 2019 at 19:01

Tds

1....Tax slab of Sr citizen=
2....TDS free slab for House wife

3...TDS free slab for Men
4...After what amount,govt deduct tds on interest earned in a year? 40K.or what ??

Pls answer one by one


mullapudibandivijaysairam

while accounting can purchases and sales should be shown at invoice value ? since client needs turnover and purchases at invoice value

if sales is shown at invoice value it contains taxable value + gst received from customers
but my doubt is in case of purchases shown at invoice value contains taxable value + gst paid (input credit)
what should be the treatment for input credit whether it has to be shown as asset or expenditure

if it is considered as asset what will be the respective credit ?
can any one clear my doubt regarding this


dinesh singh

Can service/product receiver issue a debit/credit note in GST ?


Balakrishnan
12 August 2019 at 13:29

Capital gain on inherited property

My father in law purchased house in 1969 and he passed away in 2015. we five(mother,daughter,3 sons) have sold the house for 1 crore. each one received rs 20 lakhs and it's mentioned in sale deed also
the capital gain computed as 60 lakhs

now mother has invested 20 lakhs and others invested rs 60 lakhs(20 lakhs each in rec bonds)
for my share i did nothing(Bonds or property purchase)
whether i need to pay tax or no need to pay tax for the investment of others (as they have invested above capital gain)
We received the amount thru bank only.
pls give suggestion
Thanks





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