hello. my query is that why one should form HUF instead of other structures like company.

A dealer deals in Second hand car trading.

he purchases second hand car from different individual (no one gives bills hence NO VAT paid by him).

Now he sell that cars after furnishing. Now he wish to register under VAT , so at the time selling he will issue invoice on which VAT shall be charged.

My question is whether we should register him under VAT (MONTHLY TURNOVER APPROX 50 LACS ---VAT 5 % ) 'OR' WE SHOULD SHOW HIS INCOME AS 'COMMISSION INCOME' --> MONTHLY APPROX 7-8 LACS [THEREBY REGISTER HIM UNDER SERVICE TAX @ 15 % ] ??

My attempt is due in May 2018. Can i start studying audit by purchasing May 2017 book? and Which book to refer which refer everything even SA in detail?

Dear experts

We have subscribed for software license from microsoft "office 365" , a cloud based office solution. Is tds to be deducted under Sec. 194J for the same.? The software is a commonly available software and is not a customized one. We are paying microsoft through RTGS for the same. Kindly help.

regards
Sathyanaath

Sir suppose if ITT is held in the month of feb 2017 , can i get it registered in advance 2 or 3 months before ?

Hello,

I have a startup company(Pvt ltd). turnover is around 30 lacs and ITR last I paid is around 70k. I am planning to buy a commercial property which will cost around 42 lacs and I will have to take loan around 25-30 lac. So my queries are-
1.> If I will take loan on company name then I will get rebate in income tax for paid interest ?
2.>If I will lease this property then I will not get rebate in income tax ?? I will have to run my own office in this property ???
3.>There is anyway that I lease it to some one else and also get rebate in income tax?
(if rebate/deduction applicable)
4.>If I will not take loan and make half payment now by company and Half on possession so still I will get any benefits ??? (during under construction duration and after possession)
5.> If I am eligible for deduction and 1st year total paid interest is 2 lac and income tax payable is 1 lac then remaining 1 lac will lapse (lose) or I also can adjust it in service tax payable which I taken for services??
6. And biggest confusion running in my mind is (I know it is silly question and I should not ask but it will be my first investment so....) currently my office rent is 16k (including maintenance) but if I will shit to this office then expense will be EMI + Maintenance = 30k + 9k = 39k (approx) so my expense will increase around = 39-16 = 23k so not able to deciede I should lease this property or use for my own???
Dear Experts, by considering me a novice and a start up plz help me in deciding.

SIR
I HAD REGISTERED IN ADDRESS DELHI BUT KNOW I WHAT TO CHANGE ADDRESS TO HYDERABAD. WHAT IS THE PROCEDURE PLEASE GIVE REPLY

Dear Experts,

Iam an unregd dealer till now and iam dealing in cash but now the situation arise due to notebandi that i have to be regd under sales tax act. due to this now i have two businesses. first without reg. & second is regd. i filed my previous itr 4s and balance sheet was prepared at that time. now i have a question that while filing the return for 2016-17 how can i show unregd. business & regd. business in ITR.

or can i show my unregd business under 44ad and regd business in which books of accounts are maintained both at the same time in itr 4.

one more question that the balance sheet prepare by me for last year can be utilised for my current accounting records or not...???

Dear All, I have completed 1st group in CA final and I am writing gr2 now and then along with the job being the group ii is dynamic means changes will be there and due to my job pressure I am unable to focus on the subjects. Now I just want to leave the job and complete gr ii suggest the better option continue the job or leave the job. if I continue what should be the approach in studies.

What is the procedure of surrendering PVAT registration in Punjab State ?
Is it possible to surrender when assessment for previous years are not yet started / completed.