I am a chartered accountant.My client is a kadhi Board entity , eligible for sec 10(23)(BB) exemption under the Income Tax Act. For the assessment year 2017-18 income tax department has issued a notice u/s.142(1) of the Income tax Act. The notice was generated on account of cash deposit made by the client in the Bank accounts, during demonetisation. Since the entire income is exempt for the client , they want to file the return.
Can you please tell me, the appropriate Income tax return form for filing the return of income. Is it form ITR 7, or ITR 5 or any other ITR form.The client has got PAN as AOP.

One of my clients deal in Dabur perishable goods. His stock in Hand is around Rd. 1,50,000. He wants to dispose them off worth RS. 50/60 K. He also have Unavailed ITC of RS. 9,000. Can he claim that ITC?

Dear Sir,
What is the procedure to create a charges in ROC for a PVT LTD Co. (Term Loan Taken for Purchase of Machinery in a Manufacturing Co). what are the document required. is UDIN is requied. Please help
Thanks

Sir,
A Assessee has filled IT Return under Sec 44 AD (TO Below 1 Crore and Profit less than 8%) in FY 17-18.Can he apt out from the Tax Audit. If he file so, what will be the consequence.
Please help. Thanks

Facts of the Case: A NRI has a foreign business which has business connection in india and he follows cash basis accounting system .
My doubt is, with regards to details given above, if income, say $10 lakhs accrued during FY 2017-18 from export to india but not chargeable to tax in india since it was not received during the Year. It was received in next FY I.e 2018-19 in foreign. Whether the income charged to tax as income of year of receipt ( 2018-19)though it was not received in india and not accrued or deemed as accrued during in that year(18-19)?

Dear Sir,

Our employee went to work our customer side in Gujarat. He stay in hotel and take taxi every day for pick and drop from hotel to customer side and back. (for 1 week)

My query is whether we have to pay gst on the taxi hiring bill under RCM or not. He is not charging any gst on the bill

Please revert on the same

Additional Depreciation on plant & Machinery for Manufacturing of Milk Products like ghee, Panner etc is available or not??

Is CGST Act amended to give effect to do away with requirement for interest payment on delayed / non payment to vendors beyond 180 days.

Dear Experts,
I am working as an Assistant Accountant in a pvt ltd. co. and have basic GST experience but I want to be expert in GST. Please suggest me where can I enroll myself for this course and enhance knowledge and skills.
Thanks for your guidance
Azhar Khan

This exemption will create complications like the person exempted will not be able to file disclosures of mismatch between GSTR-3B, GSTR-1 and Books of accounts as the last resort for such corrections is annual return.
Unnecessary harassment from tax officers will result due to this in case of honest tax payers.