Hello frnds.

Please let me know, is there any ratio is required to check before filing VAT return with regard to purchases and sales.

Eg: Purchases 1,00,000
Sales 2,00,000
% of purchases over sales 50%

Is this computation is required ??

Hi,
3 years back, I had closed 3 of my ULIP Insurances. Insurance companies had transferred the settlement amount of my bank account. I then issued a cheque to open FD account in name of my Wife (who is a teacher). Duration of these FD were 3 years and about to mature in month of August. For these 3 years, I have been filing ITR on behalf of my wife which includes the Interest earned every year from the FD as other source of income. The Maturity Amount of the FD will be direct transferred to my Wife's account.
I need your expertise to help me understand the outcome of below scenarios on my ITR
Scenario I: What happens if my wife returns me the Initial Amount which I had given her to open the FDs and she keeps the Interest Part of the FD.
Scenario II: What happens if my wife returns me the Initial Amount which I had given her to open the FDs and she loans me the Interest Part of the FD at nominal rate of 8%.
Thanks & Regards

my clinet is selling recharge voucher of various co his turnover exceed 10 lac how we calculate turnover entire recharge amount or % which he receive under which act he has to register service or vat would it make difference that he recharge online or mobile or offline ie through voucher

I am appearing for grp 1 this may 17. Do i need to study AS 6 and old AS 10 with the new AS 10 Property, Plant and Equipment.

Hi....

An individual is getting tds U/s 194h, then too she doesn't have any brokerage income...which itr should be filed and is it mandatory to fill p&l and BS...... i think for AY 2017-18 ITR- 3 will b applicable for the above case...

Pls advise......

Thanx

A farmer sold his agriculture land in FY 1415. Whole consideration received in cash, after he deposit whole amount in his son's bank account because of at time of selling land he has no PAN. Now his son received notice from IT department that non filing of return and deposit cash. What is solution?

My query is how e-way bills can restrict unfair practice through billing process under current indirect regime?

please clarify whether service tax will be applicable on the service providing by the a entity(a) to arranging or bringing the customer to shops or places of other entity(b). for such arrangements b paid fixed commission annual as per agreement between a and b.

Respected Members of CA Club,
If the one of the firm who is LLP has PT Registration certificate wef 10/02/17. whether the firm is liable to Pay Profession Tax of employees for F.Y 16-17? what is the effective criteria to decide applicabilty of PT Payment? Please help.

Whether PAN of partnership is required to be changed while converting into the company?