sir,
please give me answer for the following problem:-
a firm has loss during the P.Y and their turnover for the period is 5,00,000/-.whether tax audit is applicable for them by invoking provision under section 44AB that " the person is carrying on B/P and is covered under the provisions of section 44AD,44ADA,44AE,44AF,44BB,44BBB and claims that his income from the said business is lower than the deemed profits and gains computed under the relevat section"

if advance tax not paid and filed ITR for FY 2016-17 u/s 44AD ,will the return become defective?

respected experts
if i hire a auto or jeep to supply material & auto or jeep owner has no G.R. ( consignment note or builty ) then payment made as freight in this case attract gst or not.

Kindly explain please

Hi All

I just want to understand how will you depreciate the fitness equipment costing less than Rs.5000 like dumbells etc, and whats the depreciation rate for different equipments. Can somebody guide me.



Regards
N.Gayathri

A Ltd has raised a double invoice in april for a customer mistakenly. Excise was paid to the government on goods sold in respect of the second invoice although no goods were sent and no amount was received from the customer. Now it come to notice and they want to cancel the invoice in july. What will be the implication of GST and whether credit of excise paid will be allowed and if yes what is the procedure.

dear sir, can we take input tax credit/get refund if we sales..1. 0 rated taxable goods. 2. exempted good sold. plz suggest on two above cases thanks pankaj

Can we claim GST ITC for GST paid on Bank Charges?

Hi,
Please help to ascertain Residential status of Individual.one of my client was out of India for employment for more than 290 days during F.Y.2016-17. He had contract with foreign Company. now his contract is terminated. during the last 4 years he is more than 730 days in India. so what is the residential status of Individual?

Thanks

Vinay Dixit

A Govt. Co (*) provide tender to Contractor for work construction of police station and jail for them. Contractor provide Running A/c bill by Charging GST @ 18%.Now Govt. Co. deduct 8.5% Agency Fee(**) as their profit part and make payment to contractor. Now my question is that any GST output arise to us for 8.5% charge deducted from Contractor. *Govt Co. share are held by Governor of the State. Government Company is working as middlemen for Govt. of the State which receive administrative approval from the Govt. of the State for the same work. **Agency fee is that which Govt. Co. charge from the Contractor to meet their business expenditure, employee salary ,etc. Is there any output GST arise in this case or not for agency fee.
Therefore Govt. co is end consumer or liable to pay GST. (Govt. co. is Registered is GST)

I'm an Individual tax payer, deriving income from Salary & interest from Bank Fixed Deposits.I'm not required to get my accounts audited & the last date of filing Return of Income A.y 2017-18 under Sec.139(1) is 31st.July,2017.A refund of RS.71,000 is due to me,as a consequence of Relief u/s 89(1).Will there be any benefit lost,if I file the Return around 10 th Aug.2017.R.Dayal(31/7)