Can we appoint Statutory Auditor/Internal Auditor as a GST Auditor? Also give some guidelines about the same with any notification/circulars.


Thanking You
Jignesh Selarka

Dear All
Software subscription charges paid annually was mistakenly capitalised in FY 2016-17. Subsequently it was realised that it is a revenue exp. On process of rectification the capital exp was written off. Whether this will lead to Section 37(1) disallowance.
Kindly clarify refering to the relevant section of IT Act

Dear Sir

our office is in a rented primises and we have taken furniture and fixture on rental basis. the rental we are paying is approx 3 lac per quater. I am in the option of treating the furniture as fixed assets and calculation depreaction based on the lease period of the office . am i right in doing so . or do i have to expenses the same.
your opnion will be appreciated

I HAVE FILLED AN ITR -3 FOR PARTNER FOR THE ASSESSMENT YEAR 2018-19, AND THE PARTNER IS HAVING INCOME FROM REMUNERATION FROM THE PARTNERSHIP FIRM.
SO THAT I DID NOT FILL DETAILS IN P& L BUT THE EMAIL RECEIVED FROM THE DEPARTMENT IS AS FOLLOW--
Defect--- Income from "Profits and Gains from Business or Profession" is greater than 1.2 lakhs but particulars as in "Balance sheet/Profit &. Loss Account" are not filled
Impact--Income Tax Return may be treated as defective if particulars in "Balance sheet/Profit &. Loss Account" are not filled
Suggested Resolution---Please fill Balance sheet/Profit &. Loss Account .
PLEASE SUGGEST ME THE BEST SOLUTION FOR THIS QUERY...

In our organization one of the employee has two home loans one is in Lucknow (own place) the another one is in hyderabad(work place). Lucknow house is letout and hyderabad house is self occupied. But he is paying interest 2.5 lacks for lucknow house and 2.5 lacks for hyderabad what is the maximum deduction under home loan interest please clarify to me. thanking you

Hello experts,
I want to apply for getting certified copies of my answer book
Is it compulsory to apply with handwritten application?
OR
we can apply by filling blanks in declaration format?

Reply me as soon as possible
Thanks in advance

Dear Professional,

Please share the audit report format for financial year 2017-18

Sir,

GST Sales in May is not entered in GSTR3B due to some reason. Now I want to enter in July GSTR 3B it is having Tax Rs.2000/- How much rate of Interest and penalty calculate and Interest & penalty part in which column in challan we have to show

Please clarify these doubt

Thanking you

Dear all CAs, Tax professions & Expert Accountants , need your urgent reply from u in this regard:
A is a real estate developer, engage B who is a works contractor to execution of all civil works in a specified housing project, all money needs for this work execution transfer from the bank account of A to B & B submit tax invoice to A at the end of month with GST @18%, A is already get Completion Certificate from approved authority for this project , now my question is
1.Is A get refund of the GST deposited byB after considering Input Tax credit, as A have no liability to pay GST for after geting CC?
2.If A not get refund the entire GST deposited by B, is he show the entire amount paid to B , including GST as expreses in his books of accounts?
3.What is the impact is A, the develper, execute the all work himself, I.e.develop & selling both,as he is not liable to pay the GST after getting CC, he is not charge/collect tax from customers, if he is not getting refund the Tax paid to B, is it is not a financial loss to A?So, is it possible that Acarried out all work in his name, directly purchasing materiials & engage worker ,is it batter to him or not?
4. If A segregate all of his work between more than 1 works contracors, ternover of those does not exceeds 20 lacks, Is it batter to A?
Waiting for your expert reply.

A person purchased some shares and mutual funds for Rs 50,000/- (STT paid) in the year 2010. Sold those shares and mutual funds in the year 2017 for Rs 3,00,000/-. As the long term capital gain is fully exempt from tax-- how could I enter the capital gain figures in capital gain schedule of ITR Form ? Or should I write the Long Term Capital Gain i.e. Rs 2,50,000/- in Exempt schedule of ITR directly and need not to enter capital gain figures in Capital Gain shcedule ?

Please suggest the above.