Mr.A. is a Salaried Employee (in X pvt. ltd) as well as partner in partnership firm (yz & co.,) had Remuneration and share in profits.
Yz & co., accounts are covered under tax audit..
If Mr.A accounts not covered under tax audit.
What is the due date filing IT Return of Mr.A?
If Mr.A covered under tax audit, is there any change in your answer?
Dear Experts ,
We are wrapping machine manufacturer. We have to send some spare parts under warranty to our customer at Gujarat Our service engineer will travel to customer site by bus & will pick some urgent material with him of Rs. 70000/- . Kindly guide me how to generate e-waybill.
what is the rate of stamp paper for Partnership deed in maharashtra if capital is 5 lakh
A partnership firm total turnover in f.y 18-19 is 60 lakh from pharmacy business and maintaining proper books of accounts and profit is 2.90 lakh. And he started business last year when he file return with loss of 35000/-. Now the question is that shall he required tax audit when he had not opted presumptive tax scheme in last year and also not want to opt this year.
We installing lift when we doing installation done civil work there which are labour payments , welding works etc.. can we capitalize expenses >10K & <10K. civil and welding work to lift asset.
One of friend is a Pro Kabbadi Player. He was hired for a consideration of Rs. 20 lakhs by franchisee. The franchisee paid him Rs. 10,00,000/- as part payment and also paid a gst 1,80,000/- (18%) by taking GST registration on the name of player.
Now my question is
1. whether a Pro Kabbadi Player liable to pay GST ?
2. or it is covered under RCM and the Franchisee will pay GST on reverse charge basis.
3. if Player is liable to pay GST on forward charge, since he will received 20lakhs in year, he is not liable to registration, hence GST should not be there.
Suppose on 11th of Nov the itc in 2A is Rs.1000000 and in books is Rs.1500000 we can claim Rs1200000/-(Rs.10 lakh+20%) in GSTR3B of Oct 19.
Now on 15th Nov the itc in 2A is Rs.1500000 but we have claimed Rs.12 lakh then what about balance Rs.300000 (15Lakh-12Lakh) itc.? How this will be claimed.?
If in next month this Rs.300000 is more than 20% of eligible itc of next month then would it be lapsed?
Long term Assets of 3 Properties were sold by an Individual the whole Net Consideration was invested in Construction of Residential building. Whether exemption can be claimed U/s 54F of Income Tax Act. Is there any restriction for number of properties sold Other than House Property and invested in one residential Property.
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961
Incorporation