Respected Sir,
One of our supplier has closed his business due to his personal problem. They have yet not file the return last month we have reverse the ITC. But it's pending in books of account. His payment is due with us. Now please suggest how to reverse the ITC in books.

Thank you

Sir,
My total loss from Intra day trading & F & O transaction during FA 2018-19 is Rs.1.70 lac. My total share turnover is Rs.13 lac.

Not eligible for Tax Audit as total turnover is less than Rs.2 crore.
I am having Demat Statement & Shares Intra day trading & F&O statement .

My querry is whether i am required to get accounts audited as income from shares is lower than presumptive rate. Is there any way by which i can escape tax audit on ground of income lower than presumtive rate.

My other income is from salary .

If a supplier issue a financial credit note even if the provisions of section 15(3) are fulfilled under GST, does it requires the recipient to reverse the Input Tax credit or it will fall under point 5 of Circular no.105/24/2019 Dt. 28/06/2019.

WHETHER PARTNERS REMUNERATION TAXED IN HANDS OF PARTNERS WHERE FIRM OPTED 44AD FOR ASSESSMEMT YEAR 2018-19

MY CLIENT IS RREP BUILDERS HE IS UNDER 1% SCHEME FOR 01.04.2019. AND HE IS FIRSTLY REGISTERED UNDER THE GST INPUT OUTPUT SCHEME, AND HE IS CLAIM ONLY ITC FOR THE TWO YEARS,OR HE IS NO OUTPUT FOR THE TWO YEAR. SO THE RS.1810400 IS ITC ON CREDIT LEDGER. SO THAT ITC IS REFUNDED FOR ME OR NOT,AND WHAT IS THE TREATMENT OF ITC IN AVAILABLE CREDIT LEDGER.PLEASE GUIDE ME

My client is an LIC agent, he earns income more than INR 60000.00 during 2018-19, is its mandatory to fill up P&L & B/S ? or any other possibility to disclose the income by 'no account case' as the party not maintain any books of accounts?

RESPECTED SIR

WE ARE IN BUSINESS OF PROMOTING GOODS AND SERVICE OF OTHERS BY ISSUING DISCOUNT CARD PROGRAM , PROMOTING GOODS AND SERVICE OF OTHERS BY DISTRIBUTING COUPONS.
NOW WE ARE MAKING ADVERTISEMENT OF OUR APPLICATION FOR THAT WE HAVE TAKEN HOARDINGS ON RENT FROM ONE PARTY FOR SPECIFIC PERIOD OF TIME AND GET THEM PRINTED BY ANOTHER PARTY .

I WANT TO KNOW WHETHER ANY TDS DEDUCTIBLE ON PAYMENT MADE FOR SUCH PRINTING CHARGES?
WHAT WILL BE TDS DEDUCTION FOR PAYMENT MADE FOR HOARDINGS RENT ?
WHETHER IT WILL BE TREATED AS CONTRACT OR RENT ?
PLEASE ADVICE FOR THE SAME.
ITS URGENT PLEASE REPLY

Whether credit note can be issued for stock audit fees.

One ca Firm provided stock audit services and accordingly issued invoices charging GST.But now party is not making payment so the firm issued credit note to claim gst paid earlier. Whether it is a correct stand or such amount should be written off as bad debt.

Hi,
Due to change of my job, i have to refund a certain portion of my salary to the employer (Approx Rs 2.5Lacs).
What shall be the Tax treatment of the refunded amount? Will i be able to claim deduction from the Gross Salary? and if Yes, under which section?
Thanks

I AM AN EMPLOYEE HAVING SALARY ABOVE 50 LACS ANUALLY. WHICH RETURN I HAVE TO FILE AND HOW CAN I FILE MY RETURN.