Unfortunately one of my clients forgot to file IT Return for Ay 18-19 ( Year ending March 18 ) inadvertently. There was a IT refund of Rs 4,320 because of TDS u/s 194-J ( deducted by his customer ). Can we claim the said TDS in the IT Return for the Ay 19-20. Please guide me and oblige.

Dear experts,
In FY 17-18 AY 18-19, my client was having turnover of Rs. 1.30cr, his actual profit was below the deemed profit u/s 44AD, hence he has undergone audit and declared profit @ 2% as per books of accounts.

Now, in FY 18-19 AY 19-20, he is having turnover of Rs. 67 lacs. As per the new amendment, he cannot opt for 44AD. He has maintained regular books of accounts.

The question here is whether he is required to undergo audit u/s 44AB or he can file regular ITR-4 (with P&L and Balance Sheet) without audit?

Dear Sir,

If a partnership firm shows net profit for FY 2018-19 less than 8% of total turnover and in its computation of total income there is carry forward of previous year loss so ultimately there is no income as the whole income is set off by the carry forward loss. In this case is tax audit applicable to partnership firm ?

I was trying to file ITR2 forFY 2018-19.

And as NRI, i have to fill the number of days I lived in India for the year and 4 preceding years.

Total period of stay in India during the previous year (in days) -
Total period of stay in India during the 4 preceding years (in days) -

Does 4 preceding years count as 1st Jan - 31st Dec or 1st April-30th March?

Thanks.

Sir,

We are running Restaurant under COMPOSITION scheme. Can we make Online sales through Swiggy, Uber, etc.
One of my friend said that, since the GST for restaurant, whether under Composition scheme or Regular is 5% only without availing ITC, we can do such sales even if we are under Composition scheme. Is he right ? Pls. Advice.

Dear Sir/ Madam

we are hiring a security Service from an X company and they are charging with GST. So can we claim Input tax credit.

I did a total of 140 transactions (70-buy, 70-sell) for intraday and made a gain of around 11000 Rs.

Is it possible to consider this gain as short term gain and pay 15 % instead of filling ITR3?
I will come under 10% bracket in taxes so i will be paying more only.

Can i file ITR2 considering this?

Whether TDS need to be deducted on provision made? Disallowance of provision u/s 40 (a) ( ia).

Respected Sir,
I am an accountant in a pharma trading company, and my query is :-
* if, I sold medicines to purchaser on November 2018 and I received sale return of these goods in month of july 2019. so sir how should i treated of this activity in GST. may i take ITC on against this.

AND

*if i also received expired medicine as a sales return so sir how should i treated of this activity in GST. may i take ITC on against this.

Dear Experts,

Please clear my query:-

We have purchased Goods from supplier in March 19. But they have upload the invoices at portal but yet not filed the return ( bill not reflected in 2a) We sent lots of reminder to file the return but he always ignore. last month due to non filing the return by supplier We had been reversed the ITC through GSTR-3B which we have availed in March 19.
Now the issue arise how to adjust the same in books of account. Can i show under expenses or another method

Please clear soon
Thank you