If PY 2018-19 is the 1st year of new Firm which crosses the Turnover Limit for Tax Audit at the end of the year, is TDS provisions applicable or is it exempt being 1st year of business and audit.???
Kindly Guide and if possible share the applicable provision to Refer the same.

Dear Experts,

40(a)(ii) any sum paid on account of any rate or tax levied on the profits or gains of any business or profession or assessed at a proportion of, or otherwise on the basis of, any such profits or gains;

43B(a) any sum payable by the assessee by way of tax, duty, cess or fee, by whatever name called, under any law for the time being in force, or

Income tax expenses is disallowed under section 40(a)(ii), can it be allowed under section 43B(a) at the time of making payment?

GST Fees Allowed as expense under income tax Act. and if any case law please provide

DEAR SIR/madam,


I have one confusion in Form 3CD we required to disclosed chapter VIA deduction . I want to know whether such deduction expenses should form part of capital account of proprietor?.

If we will enter deduction details in form 3CD as it is the personal expenses of the assessee not of firm business , it will go?

We are registered Transporter (GTA). We transport mainly Cement. We carry Cement from Manufacture Factory to Manufacture Dealer. We make Transport Invoice without GST. The Manufacture paid GST in our behalf on RCM Basis Now Question Is : 1. In which column we put the figure of Total Transport Invoice making by us (Month wise) in New Return Prototype offline tools ? At present we put the sell figure in month wise (Total) in column No 3.1.C of GSTR3B. And In column No 4A,4B,4C,6B,6C- B2B INVOICE of GSTR1

We are advertising on Facebook. Facebook shows our logo on some pages and whenever someone clicks on our add we are charged on pee click basis.

Suggest me if tds is not required to be deducted then under which section it faals ??


Mayur shah

PLS TELME LAST DATE FOR FILLING IT AUDIT

I received a cheque for the service i provided, but the cheque was returned. How to make entry of that return cheque?

During FY 2018-19 there was a fire in one of the factory of the assessee, majority of the assets of that factory were destroyed, but the WDV of the assessee is not becoming Zero, do assessee requires to adjust the WDV or it can still claim depreciation as per WDV concept, if WDV need adjust then please let me know how to calculate the exact WDV? And during F.Y 2019-20, it shall be getting insurance claim to.

In case of Supply of goods from a place in the non-taxable territory to another place in the non-taxable territory without such goods entering into India, the same will not be treated as supply w.e.f. 01.02.2019 and therefore, proportionate ITC under Rule 42 is not required to be revered from 01.02.2019. Whether, in case of ‘High Sea Sale’ also same logic is to be applied and no ITC reversal or even today also proportionate ITC is required to be reversed for High Sea Sale by the first importer who is selling the goods when they are on high seas?