A charitable Trust recently registered u/s 12AA and for exemption u/s 80 G , during the financial year 2019-20, it has received donation of Rs 5000/- and spent for charitable purpose more than donation received, is it necessary to file Audit report for the claim of exempted income

Dear Sir,

one of our client has purchased the property in cash of Rs 6.90 Lacs in F/y 2014-15. Is there any restriction on purchase in F/y 204-15 property in cash. If there is penalty in which section.

Dear Sir
is it necessary to disclose foreign currecny transaction for incoming as well outgoing in report/ Notes on account in a private limited Company. if yes is to shown on FOB and CIF both or FOB alone

R/sir,
One of my client is regular tax payer and he is work contractor taking gov. contracts like zilla parishad. he is tax deductor and filed GSTR-7.
My question is how can i show Gst @12% tax to zilla parishad in GSTR-1.
Thank you so much in Advance.

Inventory accounting records is compulsory for 1.5cr below turnover limit for composite dealer and regular scheme both type of Dealers in gst act.

Can a newly established foreign company open a liasion office in india.

My agricultural land satisfies the conditions as specified for the rural agricultural land i.e land is situated at a distance of more than 8 km from the municipal corporation and population less than 10000. But I wanted to know if whether sale of this land would be taxable if some development was done before the land could have been sold to the purchaser.

Dear sir

Whether professional fees or consultation fees paid to Designed partner in LLP and he/she can avail the benefit u/s. 44ADA by offering 50% of the professional/consulation fees.

Pls. advice.

regards
G.Senthil Kumar

The recent TCS (Tax Collection at Source) provisions will be applicable on purchases (other than Coal (not used for trading & Form 27C) & Import of goods) exceeding Rs 50 lakh from any vendor wherein they will recover TCS from the buyers and buyers need to account for the same as TCS credit similar to TDS credit. Kindly enlighten on this.
Regards,
Jayanta Bandyopadhyay
Howrah
14/9/2020

Pls provide me format of Note on covid 19 in financial statements.