Displaying all posts within 1 days


RAJA P M
19 August 2019 at 17:19
In Reply To :

Claiming itc for the f.y. 2018-19

It's very simple...

Account the missed invoices in FY 2018-19 and Show the Input Tax balance in Current Assets (Carry forward to FY 2019-20). After that just take the Tax amount as ITC in Your next GSTR-3B return.

RAJA P M
19 August 2019 at 17:16
In Reply To :

Gstn no changed

No way for correction if return submitted/Filed.

But, You can amend in Your next GSTR-1 return for the said wrong GTIN

RAJA P M
19 August 2019 at 17:13
In Reply To :

Tax audit applicability

Yes... I agreed with Mr CA R Seetharaman Sir...

As per sec 44AD Partners can't claim Interest & remuneration. They must show profit 8% /(6%) or above. Otherwise tax audit will kick...

janak kumar singhal
19 August 2019 at 16:55

Commission income

Sir
My client have commission income less expenses are rs 2lac
And he also earn interest income of rs 1 lac
If my total income exceeds MANCT then
Whether audit penalty is applicable or not
Plz guide.

CA R SEETHARAMAN
19 August 2019 at 16:52
In Reply To :

Tds on donation

Deduct TDS these payments are TDS deductible.


 



 

CA R SEETHARAMAN
19 August 2019 at 16:49
In Reply To :

Taxability on premature withdrawal from epf

It is taxable. To avoid tax he can transfer it to new pf account.

John James Kochuparambil
19 August 2019 at 16:03

Taxability on premature withdrawal from epf

Mr. X was an employee in an organization for 3 years. He had an account with the EPF. After 3rd year X resigned and joined a new firm. X forgot to transfer his existing EPF account and he opened a new EPF account with the new employer. now X is working under the new employer for 2 year. so overall he is worked for a period of 5 years. (old+new employer). since its been 5 years of service, can x withdraw the accumulated balance in EPF account under his old employment. Is it taxable?

Stephen Arul Raj
19 August 2019 at 15:47

Tds on donation

Hello sir

We (Partnership firm) have some expenses of conducting games for students while conducting we incurred like hall booking charges, lights and sound charges etc. we treating this as a donation in our books because it is apart from our business expenses, my question is do I need to deduct TDS for the this ? kindly help pls..

vinay Kumar
19 August 2019 at 15:22

Gst

Dear Sir,

As in GSTR 9C Excel utility in PT IV (14) i.e.. Reconcilation of ITC declared in Annulal Return (GSTR9) with ITC availed on expenses as per audited Annual Financial Statement or books of account, whether we have to put expenses from July to March or April to March.

Abhishek Pareek
19 August 2019 at 15:14

Interest charged by housing finance company

Can a housing finance company charge interest on disbursement from cheque given date (to the borrower) or interest should be charged from actual clearing date of the cheque given?

For eg, if Rs. 1 lacs cheque is issued to Mr. X (borrower) on 01.07.2019. However he deposited the cheque on 01.08.19. So whether interest should be charged from 01.07.19 or 01.08.19?

Jyoti
19 August 2019 at 15:03

Post office agent and lic agent gst registration

SIR
WHETHER POST OFFICE AGENT AND LIC AGENT HAVING COMMISSION INCOME ARE COMPULSORILY REQUIRED UNDER GST TO HAVE GST NUMBER. THEIR ANNUAL COMMISSION IS LESS THAN RS. 10.00 LAC AND HAVE ONLY BANK INTEREST AND COMMISSION INCOME.

K.Devan
19 August 2019 at 14:59

Gstn no changed

Sir
We have submitted Feb19 month GSTR1 with wrong GSTN number.
Can we correct it now.

R.VISWANATHAN
19 August 2019 at 14:56
In Reply To :

Gst b2b invoices

Is there any solution to show B2C invoices to B2B for FY 2017-2018.

ARITRA CHAKRABORTY
19 August 2019 at 14:35

Claiming itc for the f.y. 2018-19

last date of claiming ITC for 2018-19 is September 2019. Can anyone plz explain me how to claim ITC in case of previous months' bills?

dhaval banavala
19 August 2019 at 14:25

Income tax

I have filed return of my mom last year
In the return i have shown building of rupees 700000
But depericiation not charged
But i have shown it in the block
But in real this building is not for business purpose
And we do not use this for business
In the py 2018-19
Sold date i e on 13-1-19
We sold the property for 1060000
Now how i should treat this

As a capital gain or as a pgbp (block)

If i take as a capital gain
Than no tax
Because of indexation

But if i treat this as a pgbp
There will be tax bcs my block become nil
How i should treat this.
I have no investment till now


Question

1 if i show as a cap gain
Whether chances of notice are there or not
2 whether to treat this as a cap gain or block pgbp
3 which itr i should file if my mother has 50000
Also business income
4. If notice come what was the interest implecation










×
close
CA Learning
Online GST Class    |    x