ITR-1 For Salary Income Only Was Filed By The Assessee On 1st Sept 2019 For F.Y. 2018-19.

As of today, ITR Is Not Processed Yet. Can Now Tax Audit Report For F&O Business And Revised Return Including The Same Be Filed?

SIR,
I SOLD GOODS TO PARTY ON TO PAY BASIS.
THEY RETURNED SOME AND SENT ME A DEBIT NOTE
AND NOW THEY ARE HOLDING ON THE FRIEGHT AMOUNT
AND I WAS ASKED TO MAKE A CREDIT NOTE FOR FRIEGHT
WHAT SHOULD BE THE ENTRY IN TALLY

Kindly illustrate with an example

One of my client who is Charitable Trust which is not registered u/s 12A/12AA from 2014 to till date and in this period this trust received donation of Rs. 88,00,000/- from public in the name of land & building acquisition fund (Like Corpus Donation) which is wholly for the benefit of charitable activity. Now I am applying for 12A/12AA registration, now my question is that is this corpus donation is taxable under Income Tax Act ????

Dear Expert,

I work in a small PVT LTD company. I have finalized the accounts of the company for A.Y. 2019-20. There is a net profit (after depreciation) around Rs.7,00,000/- and TDS amount around Rs. 5,00,000/-. Do I need to make any provision for income tax for A.Y. 2019-20 ??

Please guide me.

A company has sold some assets and also disposed off some assets. The block is still there.

While calculating depreciation as per income tax, in the case of sold assets - the realisation value is deducted from the block.

What would be done in the case of disposed off assets which are written off in the books?

Sir/Ma'am

We have more than 20 employees in our concern (Society(Termed as govt. Council)). But still we have not deducted and contributed to pf & esi. And more than 55 employees are getting Rs.16,000/- as Fixed. Please let me know is the pf & esi act applicable to us.

Regards,
Navneet Thakur

What is input and output vat
And how it's work
Please explain the process

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GST cancellation?

We request expert opinion on the following :

1. One concern employing more than 20 employees and the employees are covered under group insurance scheme.
2. Our query whether that concern is also liable for ESI if the employees salary is less than Rs.21,000/- even though they are covered under group insurance scheme.