Dear Experts

Please guide me regarding "Whether Tax Audit is Applicable for Private Limited Company which is newly incorporated during the FY 2016-17 with nil sales and purchase but having company incorporation expense and audit fees provision" ?

Kindly guide while filling ITR of the said company does require to attach the Balance Sheet & Profit and Loss Account ?

Very Thanks for the help in advance

Yet now I am unable to filled the Gstr 3B and Gstr1 from July to September ,so would you like to tell me how much Fine and penalty charged for July ,aug & sept if I will pay on Monday 16.10.17.

MY CLIENT IS A CONTRACTOR, HE PAYS SALARY TO ONE OF THE EMPLOYEES, THE EMPLOYEE CONTACTS ME THAT HE NEEDS FORM 16 FOR PURPOSE OF PERSONAL LOAN, MY CLIENT IS NOT REGISTERED AS A TAX DEDUCTOR AT TRACES AS HE IS NOT REQUIRED TO BE REGISTERED.
HOW CAN I HELP THE EMPLOYEE IN THIS SITUATION.

hello sir ,
I'm sangeeta paliwal , direct entry student . I am having a provisional IPCC registration and my due date of submitting the documents along with T.Y.BCOM marksheet is 20th october but unfortunately i've not recieved my marksheet from mumbai university and it will take more than 30 days to get the marksheet from university , so now what should i do ?
If i dont submit my marksheet till 20th october , my ipcc registration will get cancel .
please me help through out this .

Dear sir,

We sell through online portals . Sales are effected locally as well as inter state. Is there any seperate disclosure in form 3B or GSTR 1 for such sales. Also inter state sales are to end customers , hence unregistered persons. Does this need to be showed seperately as supplies made to unregistered persons?

Please advice

If we did not take service tax input credit of a bill in service tax return as well as revise service tax return, can we show input credit in TRAN 1 of that bill ?

TDS remitted on 28.09.2017 vide cheque is not showing on the Challan Status Report, either on CIN based view or TAN based view taken from TIN- OLTAS. All other challans taken before and after 28.09.2017 is shown on the challan report. Can I file 2nd quarter return including that challan since I have received the challan serial number from bank receipt?
Or else what I have to do for filing the quarterly return? Please give a solution.

Hi sir, I have confusion on following matter please suggest-

As per exemption notification on 5th June, 2015 section 180 is not applicable to the private company. means as per 180(1)(c) private company may obtain borrowing without passing special resolution and no limits is applicable as given under this section.

Section 73(1) and (2) says, no company shall invite, accept or renew deposits under this Act from the public except in a manner provided under this Chapter. and company may accept deposits form its members on terms and conditions as given under section and rules.

So, Amount received form third party(individual), is this treaded as deposits or loans from him and which section is applicable to this transaction (the word PUBLIC includes outsider individual other than shareholders)

Sir
Whether Short Term Capital Gain on Mutual Fund will be proportionate of the total gain for computation of income tax.More precisely I am placing my case as follows.An amount of Rs Ten Lakhs ie 1000000 was invested in a Non Equity Mutual Fund.A year later the value of the investment increased to 10.8 Lakhs ie Rs 1080000..Now due to some exigency we want to withdraw this amount.Actually total capital gain in this case is Rs 80000 which is in fact 7.4% of the total value of Rs 1080000.Now for computation of income tax whether total value of Rs 80000 will be considered which will mean IT HAS NO DIFFERENCE WITH BANK FD DEPOSITS.But if only 7.4% of Rs 80000 is considered the value of capital gain will come out to be Rs 5926 which will levy an income tax of Rs 1831 considering highest tax bracket of 30%.But if total value of Rs 80000 is considered it will lead to an income tax figure of Rs 24720.
a)If we withdraw only Rs 80000 the what will be the tax
b)And if we withdraw Rs 1080000 what will be the tax
Please therefore opine what will be the capital gain Rs 5926 or 80000

With thanks.

if my income is 180000 for fy.2016-17 and capital gain 10000 then i should pay tax or not?