Hi,

A lot of people are in the confusion if the revaluation of Inter-company loan should be performed or not if the both entities are in the home country.

Scenario:
An Uk central entity called 'ABC' paid some cost of USD 1,000 (in GBP 800pound) on behalf its UK based Subsidiary company.

1.the both entities are UK based.
2.both have GBP bank account only
3.both do inter-company payments in GBP only

Should ABC entity rebill to its Subsidiary company in USD1,000 or GBP 800?

In my case ABC has rebilled to its Subsidiary company mentioning both currencies USD1000 (GBP 800).

Do the Subsidiary company need to revalue the USD 1000 in GBP at the time of inter-company payment and then pay in GBP?

Dear Experts my friend is running Constructions of Individual Houses. His services includes (both Material + Labour) for construction he has purchased so many things in his registered firm name and after completing the work he handed over the position to owner of the residential property. My clarification is 1) whether my friend availed ITC on Purchases and pay the difference GST to the Government authorities. 2) What rate should be applicable on the above Works contract Service. Expert opinion is needed. Thanks in Advance.

Sir/Madam
I am a Chartered Accountant in Full time Practice my query is while filing form DIR-3 on mca21 portal WHO has to attest the photograph, proof of identity of applicant & proof of residence of applicant. HOW has it to be attested across the documents itself or otherwise.

Please advise me on it

Thanks

Sir, My one client is partnership firm. It is first return of partnership firm. Firm total turnover is 2170000/-.But firm has made loss during the year after payment of remuneration to partners 40(b) of Rs. 212500. Should I file loss return in case of partnership firm? whether firm accounts is required to audited u/s 44AB? Should I file loss return in case of firm without audit of accounts u/s 44AB? Please reply fast. It's urgent

If goods are transferred to an agent for further sale in another state will gst have to be charged on the same???

What other documents should be attached with such transfer ???

The dealer is registered in Maharashtra

Respected Sir.

We got Notice U/s 143(1)a. We are Trying for reply. Which Section we have to take in ITR Form and Which Section we will give for uploading ITR in online In the following sections. Those are 142(1). Sec 139 with 119 2(b) or Sec 139 with 92CD. Please provide the solution for me

OUR COMPANY DEDUCTS THE TDS, SOME BILL RECEIVED ME LATE AT THE TIME OF TDS.
SUPPOSE..I MAKE THE TDS DETAILS MAY-2018. I AM PAYING THE TDS 7th JUNE,

SO ONE BILL RECEIVED ME 3 JUNE.2018.

SO PLEASE TELL ME, 3RD JUNE BILL TAKE IN MAY TDS OR JUNE TDS?
I AM CALCULATE THE TDS WHICH DATE?
EXAMPLE:1. TDS CALULATE 01/05/2018 TO 31/05/2018, END PAY TDS 7JUNE,.
OR 2. 08/05/2018 TO 7/06/2018, END PAY 7JUNE?
(WHICH ONE IS RIGHT?)

Dear Team,

I had missed to file my ITR for the F.Y 2016-17 because of my income is below taxable but now i want to file my Income tax return for the F.Y 2016-17. So, is it possible that i can file my income tax return for the F.Y 2016-17, A.Y 2017-18 without any penalty because my income is below taxable.


Kindly Reply me asap.


Thanks

Dear Sir,

I am running a Transportation business wherein I provide services of transportation of school students. I have entered into contract with the school for providing these services but the consideration flows directly from school students and no invoice is raised on school. Hence can we treat this service as exempt under services to educational institution or under transportation of passenger through non ac carriage.

Thanks

Sir,

Can i claim the GST Input on bill of previous financial year ie month February 2018 (not taken in return of February) for the Payment of April 2018.
in other words, can i claim input of one financial year which not taken in that year, in next financial year?