Dear Experts,
Can you please give a clear picture on Eligible ITCs for employee reimbusrments and Allowances given by employer?
Like Cab facility, Travel , Hotel, Food etc

Dear Experts, Is it mandatory to maintain physical copy of Invoices? Cant it be maintained in softcopy? Can any1 please share the section reference as per company act & Incometax act. Thanks In Advance Read more at: https://www.caclubindia.com/experts/query-regarding-mode-of-maintainence-of-evidence-2754984.asp

Read more at: https://www.caclubindia.com/experts/physical-invoices-vs-soft-copy-2757729.asp

One of my client being proprietary concern is providing 2 services named as
i) UC MAS Coaching Classes
ii) pre-nursery school activities
Now total gross receipts from both activities during F.Y.2018-19 comes Rs 17,75,000/- & Rs.9,90,000/- respectively.This means total receipts comes to Rs.27,65,000/-
Now query is whether he is covered under GST or not as the second activities i.e. school is exempted service hence not considered for GST purposes so far registration is concerned under law.
please clarify.

Dear all

Good Afternoon and greetings of the day

We are Pvt. Ltd. company (DTA) and we have sold some materials as per BTST option under GST to our customer (SEZ).

Some of materials out of earlier sold materials, are required to be return from SEZ to DTA, as per BTST option under GST

Query: (1) Is custom duty and IGST would be applicable on this return of materials?.
(2) Detailed procedure for return of earlier sold materials from SEZ to DTA (i.e what document, who generate e-way bill, etc)

Thank you in advance

Any expert please clarify:
An Assessee havingnTWO seperate Businessess- one having TO more than 2 Crores-So Audit u/s.44AB mandatory. Another having TO less than 50 lakhs and opted Presumptive Tax @ 8% on TO. How to show these in P&L and Balance Sheet Data entry? And also in Form #CD for the AY-2019-20?
Thanks in Advance.

Client has 3 residential apartments. Two of which are 100% owned and one in co-owned with wife. He is selling the house which is co-owned and making a decent capital gain after indexation. Can these proceed be invested to buy another house of any other investment to claim capital gain exemption under any of the sections 54

HELLO SIR,

ONE OF MY CLIENT HAVE TRADING BUSINESS OF GROUND-NUTS (WITHOUT PROCESSED) WHICH THEY PURCHASE FROM FARMER AND DEALER.

SO MY QUESTION IS THAT WHETHER GST APPLICABLE ON IT OR NOT.

IF YES THEN WHAT IS GST RATE ON IT.

Dear Members!
Any update regarding tax audit extension!


Thanks
ASAP

Sir/madam,

Company not to opt sec 44AD, but how we treat in these below cases: (P.Y 2018-19)
(a) if company has 80 lacs turnover and co. declares 5% net profit then in such case tax audit is mandatory or not?
(b) if company has 1.2 crore turnover and co. declares 9% net profit then in such case tax audit is mandatory or not?

Dear Experts
Pls guide regarding query "Bank Processing fees & Stamp duty charges for Term Loan does form part of BORROWING COST ? "

If yes, how it will be treated in books of account ?

Thanks & Regards