We are pvt Ltd Company. We purchased Luxury car (BMW) in name of our company. We paid Insurance for car. Now question are - Is we get ITC for car purchase, Insurance premium or Car maintenance?
2nd question is, If my company sell the car (BMW) what is the procedure in point of GST regim ?

Hi,

Whether GSTR2 Portal is working from JULY 2017 to till date.

or else only view Option is available.

Pls guide.

Regards,
Deepa

I am a sole proprieotr.... my capital in the balance sheet is Rs 2,00,000/- i have an oustatnding housing loan of Rs 1,60,00,000/- my main issue is my bank wants the capital to be more bcz i have a CC account with the bank. how to show increase in capital for the year?? plz help

Hi,

I have stopped operating in my Pvt Ltd Company since 2015 and it has been now over 3 years. The reason for stopping work in the company is relocation to abroad.
The TIN Number had been surrendered in 2014 and the status is coming close.
Income returns even nil has also been filed till now. Now since I live abroad, my brother and sister are director but do not play any active role since there is not work done in the company

The current CA taking a lot of time to get the company striked off. Please let me know what will happen if I do not act on closing the company. Will it auto striked off or will there be a penalty on me.
Or else please do let me know the easiest process to get the company striked off.

Kind Regards,
Ajay

One of my friend has started up new busniess. For the purpose of loan he has opted for regular GST registration. He got registration on june 2018.

Doubts:

1. Next year if his turnover does not cross 20 lakhs can he withdraw from registration? Even if he started his business this year June 2018 and till march 2018 he may not earn 20 lakhs.

2. He has started up optical show room and he give medical service as eye test. Do he needs to pay firm profession tax?

3. Can he opt for quarterly return of the GST for this year? What is the criteria for quarterly return? Who can opt for quarterly return of GST?

4. He has inter state purchase and his turnover less than 20 Lakhs in this case does he need to register for GST?

please clarify-
the GST is being charged on some government services like LIC and speed post , while it is not being charged on other services like electricity.

Sir,
One of my Friend's uncle was in Abroad for more than 20 years.In his NRI account, more than Rs.1.5 crore is credited. Now he would like to return from abroad and stay in India. As his status will change as NRO from NRI, What are his tax implications? How he can save tax liability arising out of these huge credit in Bank account? What are the better investment ways to reduce tax liability in the succeeding year of his stay in India?

MY SALARY IS RS 450000 OUT OF THAT HRA 80000 TRANSPORTATION 19200 MEDICAL REIMBURSEMENT 15000 TAX ON EMPLOYMENT 2500 LEAVE EN CASH 8000 HOW I FILL UP FORM ITR 1 THERE IS NO COLUMN FOR DEDUCTION IN FORM PLEASE GUIDE ME

I would be appearing for nov 2018 ca final exam. i was registerd for ca final course on 8-8-2012 and thereafter did not appear for last may 2018 attempt, is my registration still valid or it got expired.
please do help on this as soon as possible.

Can i show 50% income on sale in Form ITR 4