Hello CCI Members

If a travel agent acting as a pure agent and issuing Invoices with travel ticket amount and processing charges with GST on Processing Charges at the rate 18%.

1. How the Invoice will be shown in GSTR 1? Total Invoice value will include travel ticket amount? and taxable amount will be only processing charges amount?

2. Is the travel ticket amount is to be shown in GSTR 1 anywhere?

3. Will the travel ticket amount will be counted while counting threshold limit?

4. Is P&L of Travel Agent will show sales and purchases of tickets amount bought on behalf of customer?

Please help.

Thanks in Advance

If earlier years monthly pension received now. For e.g. if monthly pension of 19-20 received in 21-22. can we claim relief us 89 as an arrears of salary ?? Is it necessary to file 19-20 return at that time ??? because 19 -20 return not filed.

HELLO SIR MY FIRM IS PARTNERSHIP FIRM AND FEW DAYS BACK I BOUGHT A NEW CAR WITH PERSONAL (PARTNER) NAME. SIR SOME PAYMENT OF CAR WE PAID FROM FIRM BANK ACCOUNT AND SOME PAYMENT WE MADE THROUGH BANK LOAN. BUT BANK LOAN IS PARTNER NAME NOT FIRM NAME. HOW WE MADE ENTRY OF THE SAME IN OUR ACCOUNT BOOK. KINDLY CLEAR MY ISSUE EARLY AS POSSIBLE. SIR PLEASE TELL ME CAN I ENTER THIS CAR AS A FIXED ASSETS IN MY FIRM BOOKS ? IF YES PLEASE TELL ME HOW I CAN ADJUST PAYMENT IN DEALER ACCOUNT WHICH I PAID FROM MY FIRM BANK ACCOUNT AND THROUGH BANK LOAN ?

what is type of incidental expenses while booking Fixed assets in books of accounts.

An Insurance agent received commission from an insurance company. He has lot of expenses. like fuel Expenses, Rent expenses, Conference expenses, Gift Expenses etc. But , Now in ITR -3 his commission Income has Automatically reflected in Other Sources Income Table , But there are no option to show above said expenses. So , My Question is , Can I show his commission income in commission head as credit profit and show expenses as debit losses in Profit Loss Table in ITR-3 (column no. 16-61 Book account) and can I Remove the automatic reflected Commission income from Other sources income table?

If yes , Then How many maximum % expenses can debit loss of his Gross commission received?

We are a leasing company and we provide office spaces on lease. In our office we have a food court, where there are different vendors who have been provided spaces on rent. We have been waiving the rentals from past 2years as there are no employees due to WFH.
Now the que arises does this waving off considered as benefit and is 194R applicable.

Hello, my client's father is no more and my client is continuing his business in his own name. Can my client merge his father's balance sheet in his name. Is there any legal process. My client has a sister and mother. Is there any rewuirement for taking consent from Sister and mother?

Read more at: https://www.caclubindia.com/experts/regarding-transfer-of-balance-sheet-2874504.asp

Sir/mam,

Professional Tax on Turnover Fy 2022-23 how much amount I have to pay what is the due date.

What is the slabs rates on Turnover

Please clarify my doubt.

Thanking you,

Dear Sir

My question is we can edit GROSS Salary & Deductions like 80c, 80g etc.

We get the TDS notice for short deduction in 24q FY 2013-14, now how can rectify the return.

Please help me any one .

Tax audit applicablity, in case of Salary is above Taxable Limit and F & Loss is 50K and F & O Turnover is 11 Lakh (for 1st time.). Last ITR is ITR-2 and not 44AD.