Assess turnover Rs:60 lacs .but actually profit 3 % in f.y 19-20.
Question:
Assess net profit 3% shown in i.t. returns sec 44 ad under I.t.act return filed if any problem future.

Hi I have a poultry farm and a shop to sell dressed chicken. I dress the chicken, cut it, make half kg lots of cut meat, breast, legs, drumsticks, wings, offal, feet, put them in polythene, and mark different prices for different parts. What would be the GST ? Regards.

Dear team,
while filing Form GSTR 3B GST liability (on export of service with payment of tax) has inadvertently been shown in 3.1(a) of GSTR-3B (i.e. Outward taxable supplies (other than zero rated, nil rated and exempted) instead of 3.1 (b) of GSTR-3B (i.e., Zero rated Supplies). therefore we can not file refund for the same.
The same has been correctly reported in GSTR-1.
Please guide how to correct this error.
please note we do not have enough domestic sale to adjust the amount in the subsequent return.

Dear Team,
We are about to purchase a Heavy Machinery from vendor in Japan. The machinery will not be delivered to India but will be stored in the warehouse of the seller itself. the seller will charge the rent from us for storing this machinery in their warehouse. This machine will be capitalized in our books of accounts. As the machinery is not physically coming into India , there will be no Bill of entry (BOE) filed. how can we make payment to vendor in Japan for selling us the machinery based on the Invoice only. what are the GST implications on this transaction.

Urgent!!

An Error stating "Please enter valid Mobile Number with Country Code/ Mail ID" in DIR 3 KYC.
Please guide how to rectify it. Thank You!!

A gst composite scheme dealer sales of medicines every quarter cmp-08 composite return filed . dealer another exempted income from clinic rs15 lacs.
Question:
Dealer composite return taxable turnover only or exempted turnover rs15 lacs both turnover shown in composite return.

briefly explain me about "Balances with Revenue Authority" in Income Tax Return.

there is income tax payable for year ending 31.03.2021 is 4657850/. on which i have to pay surcharges +cess..
my query is weather i have to compute surcharges at 25% on entire amount or 15% up to 2 crores and on balance @25%
kindly explain. as it is urgent please give your valuable subjection.
thanks in advance
K.B.Nagesha rao
9448826793

The Assessee is an NRI and buying a property in India.

Can he make payment from account in USA account directly to sellers account who happens to be a NRI as well after deducting required TDS?

Or he has to transfer money to nre account in India And then pay to the sellers account in India ?

sir one of our client (company) has outstanding debtors more than 3 years can we write off this debtors in current year and also import creditors is outsatnding more than three year than what we do in current financial year