Hello

My client is retired person and earning pension around 13000 per month. He have investment in Shares. For the year 2017-18 he has tried F & O and his turnover is around 7 crore. But his earning is only around Rs. 50000/-

Kindly let me know tax applicability on the same. Whether he is required get Tax Audit as turnover is above 2 Cr or he can just file Nil return.

Is TDS applicable on goodwill purchased by hospital on payment of amount to Professional Doctor?

My query is I have purchased Raw material for making "Payal" on which applicable rate is 18%. And When I convert the RM in to Finished Product i.e. "Payal". 3 % GST is applicable.
Finally I have got 15% ITC.

please elaborate the situation and consequences.

Thanks in Advance

Dear Sirs I want to know how we shall book audit fee provision entry & provision some other expenses (like freight/ cartage which services taken in March'18 but invoice will be received in April'18) in our books for f.y. 2017-18 on 31-03-2018, as audit fees bill received after audit from our CA who is registered and will charge GST in bill. Before GST we were book simple journal entry - Dr. Audit Fees & Cr. Audit Fees Payable and Freight exps DR. , Expenses payable CR. So Plz clear after GST what will be the entry in books on 31-3-18 for theses provisional expenses related to March but bills will be received in April -2018-19 from a registered Gst service provider.Thanks.

Sir,

In the case of Construction of Complex/Building Service including transfer of undivided share of land, the land portion can be deducted at 1/3rd of the total value as per Not. No.11/2017.
In this case, do we need to show the value of said portion of land in GST Return? If yes whether it is to be shown under exempted or Non GST supplies?

Old employee outstanding advance ( employee Dr. Bal.) we written off .

that is transfer to bad advance account & account nullify

Is any impact on income tax or GST liability or any contravention of law.

please guide us.

Regards
Rajkumar Gutti.

Dear sir,

Please tell me how to calculate TDS on Rent with interest. for Eg.

Rent A/c ( Rent Applicable on dt. 15.08.2017 for the 40000 per month)

Payment Details
1. 20.11.2017 Amount 120000.00
2. 22.12.2017 Amount 40000.00
3. 16.01.2018 Amount 40000.00
4. 20.02.2018 Amount 40000.00

Total Rent for the F/y 300000 and made payment for Rs. 240000 and 60000 is pending and No Tds Deduct.

I would like to know whether all the health service are exempt from GST or any kind of health service are taxable under GST act?

Can an auditor be appointed directly for 5 years in starting? what is procedure for appointment of first auditor?

what is limit for salary for calculation of ESIC limit?
What is CTC?
Limit for basic salary?
How ESIC calculated?
Do we have deduct PF?