DHIRENDRA KUMAR
28 November 2017 at 16:25

Refund of input

Dear sir,
We are govt. organisation as name AYURVEDIC REGIONAL RESEARCH INSTITUTE and this institute does not sale any medicine & services but purchase medicine annually up to 5 crore to 10 crore and we are paying GST approx 1crore. so we are eligible to take refund of GST or not

Kindly give me answer with reference


SUMIT CHAUDHARY
28 November 2017 at 16:24

Entry of repayment of loan

Sir
What will be the entry of repayment of loan. please help me.


Pankaj Arora
28 November 2017 at 15:51

Interest from firm

Mr. A has contributed Rs. 1 Lakh to XYZ a partnership firm, as per partnership deed he is entitles to received interest @ 12%P.A.
My query is Mr. A has contributed Rs. 1 Lakh by taking a personal loan from bank. While filing ROI can he claim interest paid to bank against interest income from firm?


HKB Associates
28 November 2017 at 15:39

Audit in case of partnership firm

Dear Experts,
Partnership firm having turnover of rs 51 lacs in Fy 16-17-Ay-17-18, after interest and salary and other allowable expenses profit is zero.Is it compulsory to have a tax audit? or i simply file ITR-5 with disclose P&L, and BS. Because section 44ad applicablity from ay 17-18 not allowed partnership firm to deduct interst and salary expenditure and in that case income tax as tentative calculated will go more then 1 lacs.


KHOKHARIYA SURESH R.
28 November 2017 at 15:29

Article ship transfer reason

HELLO...
I want to transfer my article ship and reason for this is i transfer to surat from ahmedabad with my famiely.
here problem arise that i am married and having two child and earning source for me is only article ship stipend and my wife doing personal tutuion at home. we live in ahmedabad but in surat my wifes brother support us for earning.
I read all reasons for article ship transfer but i can not understand the reason which is suit to my reason.
I registered under direct entry and completed my article ship for 21 month till nov 2017.
In this period i attemp nov 2017 exam but unfortunately my result was failed (my total marks for first group is 166)
so please give me solution for this problem that how i apply for articleship transfer and what reason is perfect to take permission for transfer articleship. please also inform about required document for reason for change articleship.

thank you


G Nagendra Rao
28 November 2017 at 14:53

Gst returns

OUR TURNOVER IS ABOUT ONE CRORE. WE HAVE ALREADY FILED GSTR 3B FOR JULY, AUG, SEPT & OCT 2017. NEXT TIME CAN WE FILE QUARTERLY RETURN FROM OCT 2017?


Revati Sathe
28 November 2017 at 14:19

Companies act, 2013

Whether a Private Limited Company can take unsecured loan from financial Institution and if yes which provisions are required to be complied with ?


Jyothi
28 November 2017 at 12:59

Life insurance of director

Dear Experts

We are planning to take Life Insurance Policy for our Directors from HDFC Standard Life Insurance Company in ,Pvt Ltd Company A/c and HDFC person informed that we can claim the insurance premium paid as Deduction U/S. 37 (1) as Business Expenses .

The Name of the Policy is Employer and Employee Insurance Scheme . Please confirm us whether the premium paid is allowed as Business Expenses u/s 37 (1) to Company or it is disallowed.

also in Director Ind A/c how to treat ?????


Ganesh
28 November 2017 at 12:06

HSN codes in GSTR-1

Dear Experts One of my client was not uploaded HSN code summary in GSTR-1 for July month and it was filed. Is there any problem uploading of GSTR-1 without HSN code summary.


K Kasiraman
28 November 2017 at 11:52

Itc query

Dear Sir,

We have conducted the sales meet at hotel, in this hotel has given the bill to Rs.253000/- with GST it included food and bevarges, liquor and staying expenses.

can we avail the ITC bill is in the name of company name.






CCI Pro



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