TDS U/S 194 J IS APPLICABLE ON PAYMENT MADE TO BSNL FOR LEASED LINE EXP?

We have been purchasing materials on 5% VAT Input and sell them on 2%CST against form C basis.
As a result over the years we have accumulated Vat Input Tax Credit.
I understand that the entire amount of Input Tax Credit will become the opening balance of SGST Account. We will not have any closing stock but we will have a handsome balance in the VAT Input Account.

Is my understanding correct about the transition provisions ? Will there be a problem incase I dont have closing stock but balance in the VAT Input Account due to the nature of business ?

Hello Sir/madam
I have filed the ITR -1 of A.Y.2016-17 on 12-04-2017,but I forgot to claim the deduction of provident fund.Now what is the way out to rectify this mistake as I cannot revise the return since I have not filed the original return in time ?
I have not E-verified the uploaded return yet.
THanks in advance

Sir,

I am an Accountant, I am working in Registered Society which deals in Financial Activities like Micro Financing and Strengthen the livelihood of financially backward class.

So my fellow colleagues are much experienced then me I am just 9days old in this Organization. They are saying we can deduct TDS for a Firm in an Individual PAN Number. Means can deduct 2% in Section 194(C) in the name of Firm-holders PAN number and file return in that PAN No.

Firm didn't provide us PAN no. of their ORG. that is another topic but we have a argument on "we can depot 2%, but we cannot file return 2% on that Individual PAN no." My Point.

They are saying can depot and file the return fully.

Please response.

INTEREST ON HOUSING LOAN FOR UNDER CONSTRUCTION PROPERTY IS REIMBURSED BY BUILDER TO THE BUYER OF PROPERTY TILL THE DATE OF POSSESSION, WHAT IS THE TAX IMPLICATION IN THE BOOKS OF BUYER FOR THE AMOUNT RECEIVED FROM BUILDER TOWARDS THE REIMBURSEMENT OF INTEREST ON HOUSING LOAN. (INFORMATION : THE BUILDER IS NOT DEDUCTING TDS ON THE REIMBURSEMENT.)

FOR EXAMPLE : INSTALLMENT ON LOAN OF RS 50,293/- IS REIMBURSED BY BUILDER ON 04/02/2017 & EMI OF RS 50,293/- IS PAID BY BUYER ON 06/02/2017.

WHAT IS THE TAX IMPLICATION IN THE BOOKS OF BUYER FOR THE AMOUNT RECEIVED FROM BUILDER TOWARDS THE REIMBURSEMENT OF INTEREST ON HOUSING LOAN.

AS per ICAI Guidance Note, with respect to derivative contracts, Turnover means the total of positive and negative or favorable and unfavorable differences. Premium received on sale of options is also needs to be included.
My query is whether the above calculation can be used for arriving turnover and declaring income of 8% under Section 44AD?

In composition scheme VAT levied on which goods tax free or taxable or both ? In Delhi?

Sir,

I am in the second year of articleship. I have completed my first 10 months of articleship in Pune and then I took a leave for 78 days due to medical reasons. Then I took transfer to Satara and i am continuing my articleship here. My question is while submitting form 108, which leaves I will have to mention in Form 108? Total leaves during the three year periodor leaves taken under the present employer? How many leaves can I Take now? In my transfer letter, there is written that I have taken an excess leave of 37 days and the same line has been strikethrough. What does it mean?

what is the rule in GST for taking input tax on capital goods

Dear Experts,

can a CA certify completion of work under work contract of govt. tender for a contractor. and if yes, please provide check list before issue such certificate.