Dear Experts,
we ( NGO) have made an agreement with other NGO(non-profitable organization)registered under society Act and also having 80G Certificates. we have made an agreement that NGO will perform some CSR work in the field of health activity in our NGO's Creche.as per the agreement we will reimburse all the expenses incurred during performing this activity. (Sublet the project)
agreement value is more then 10,00,000. now please guide me is there any tds liability while making payment to NGO. and what is deduction Rate 194J or 194C.

All Directors of a company disqualified 4 / 5 years under sec 164 (2) (a) for not filing of returns with ROC. After about 3-4 years, they are again disqualified before the completion of the disqualification period.
1. how the directors of the company file the returns or the returns filed by the directors will be valid?
2. how the disqualification of directors be removed?
3. what if any of the director joins the board of directors of any other company?
4. can a disqualified director files DIR-11, his resignation will be valid, as the there is no board to accept the resignation and to file the DIR-12. and after filing DIR-11, will he be reclassified as qualified to become a director of a company.
5. all the above 4 questions in case of a company struck off by the MCA.

please advise.

plzz suggest
what will be entry If one person receive immovable property let say building from another person having stamp duty value 15,00,000 and consideration paid 9,00,000 Rs,. and impact on tax and how it is shown in our B/S & P&L???

One of my friend purchased lucky drawn ticket in sharing with other friend and both are working in Qatar. Now they got money from lucky drawn and sharing the price money equally between them.

They are maintaining NRE account in India and they wants to send this money that NRE account. One person have proper documents for source of money as he is purchase that ticket in his name. Please explain is any problem will come from India if that second person transfer the money to his NRE account in India.

Since he doesn't have any valid documents for this source of money.

Sir
As per the amendment in Finance act 2017 w.e.f 1/4/2018 income form business & profession should 250000/- (two lac fifty thousand ) or total sale should be 2500000/- (twenty five lacs ) in any one of the three years immediately preceding the previous year for maintenance of books of accounts and other documents as per section 44AA of the income tax act .
IS this correct ?.

A PERSON (NRI STATUS) IS HAVING BUSINESS INCOME IN INDIA FOR RS.25,00,000/- DURING THE FINANCIAL YEAR 2017-18 AND INCOME OF 42000 AUSTRALIAN DOLLARS IN THE SAME YEAR AND PAID TAX ON THIS INCOME IN AUSTRALIA. WHAT IS THE TAX POSITION IN INDIA ON BOTH INCOMES.

Sir,

Societies accounts are audited. Inadvertently Out standing Interest of Last quarter of the financial year (Jan-March) was not included in the closing balance of Out standing Dues in Balance sheet.

Bills for current financial year are issued with correct out standing balances.

Now while preparing Balance sheet there is difference of amount equal to the interest for the period Jan- March of previous year.

In such situation how to correct the mistake?

Regards
ANGS

Hi Experts,

I have Incorporated an LLP in 2012. Till now I have done all the annual filling for that LLP. but due to some reasons We have decided to close the LLP.
Now, we got to know that CA who has Incorporated our LLP has not filed Form 4 at the time of incorporation.

I really tensed situation, can any one help me to get a way out of it?

Sir

WE ARE REGISTERED DEALER UNDER GST ACT.WE FILED OUR MONTHLY RETURN 3B AND GSTR1 TILL MARCH REGUARLY..WE RECEIVED TURNOVER DISCOUNT CREDIT NOTE AGAINST PURCHASE GOODS FROM REGISTERED DEALER ANNUAL BASIS.WE RECEIVED CREDIT NOTE FROM DEALER HAVING DT:31/03/2018 BUT IN CREDIT NOTE THERE IS NO ANY SERIAL NUMBER AND DATE OF THE CORRESPONDING TAX INVOICE AND ALSO THERE IS NO ANY AMOUNT OF SGST AND CGST TAX MENTIONED SEPRATELY IN CREDIT NOTE. THERE IS ONLY AMOUNT MENTIONED IN CREDIT NOTE.WE TALK TO FOUR TO FIVE DEALER ABOUT THIS MATTER THAT AS PER OUR KNOWLEDGE THERE IS CORRESPONDING INVOICE NUMBER,AMOUNT OF SGST,CGST,VALUE OF TAXABLE GOODS IS COMPULSORY IN CREDIT NOTE.BUT THEY ALL REPLIED THAT THEY CONSULTANT HIS LEGAL ADVICOR THEIR LEGAL ADVISOR AND AS PER LEGAL ADVISOR OPINION THEIR IS NO NEED TO MENTIONED CORRESPONDING INVOICE NUMBER,VALUE OF GOODS, SGST CSGT TAX IN CREDIT NOTE..
SO WE WANT TO KNOW THAT AS PER GST ACT IT IS CORRECT TO ISSUE CREDIT NOTE WITHOUT ANY CORRESPONDING INVOICE NUMBER, VALUE OF GOODS, SGST,CGST TAX MENTIONED SEPARETALY.
AWAITING VALUEABLE OPINION AND SUGGESION...
THANKS...

1.recovery agent registered with gst.(as every registered person has to file gst retuns).
then how to file gstr 3b ,gstr1 in case of recovery agent services as the tax is paid by banks(recepients), in which table should the taxable services provided by the recovery agent should be shown in the return filed by the service provider.
2. what is the tax liability of a person providing finance against motor vehicles and personal loans?what amount should be included in turnover ( pricipal,interest, other charges).? what is the tax rate? hsn code? under which category the services are to be shown( b2b/b2c).tax liability should be computed on which amount?