Hello,


We builder has constructed a building and it is 85% complete but we have not received completion certificate. We are selling a shop at the ground floor of that building, the agreement of shop value i.e 90 lacs is prepared and it is registered but the invoice for the same is not yet issued. We have received a advance from the buyer of Rs 5lacs.

Query: Whether on today's date when we have received only 5 lacs from the buyer, we have to pay GST on 5 lacs i.e on advance OR on 90lacs?

Sir,
Is it mandatory to tally the balance sheet given in the ITR-4 as it is given that only four categories are mandatory(i.e., Sundry Debtors, Creditors, Inventories & Cash) or else only values in the mandatory fields are enough?
Please do the helpful
Regards,
Kiran.

I filled my IT return for AY 18-19 on 24/6/18 and same day successfully e verified it .On 4/8/18 I received intimation mail under section 143(1) and got refund also.
Today I received a mail stating that ITR V recd by CPC Bangalore on 23/7/18 was rejected because of poor quality . Perhaps my tax consultant had sent hard copy of ITR V .He didn't know that I Had already e verified it on 24/6/18 . Now I have already got assessment order and refund in my bank account on 4/8/18 . Should I again send fresh and clear copy of my ITR v to Bangalore by speed Post as written in the mail or what? Please advise

Hello expert
I an pursuing C.A. i have cleared group 1 of ipc and also a final year student of university of delhi. I want to know what other i can do in order to improve my cv i read about NCFM course which modules i should do in yhis course. Apart from this is there any other short term course which i can do ?

SIR
ANY BUSINESS ASSESE WHO SALE GOODS
NET PRICE + GST = TOTAL SALE PRICE
100000+5000 =105000
SO WHAT IS TURNOVER HE SHUOLD DECLERE IN INCOME TAX RETURN ?
100000 OR 105000
I MEAN INCLUDING TAX OR EXCLUDING GST TAX ?

BECAUSE ACORDING GST ACT TURNOVER IS EXCLUDING GST TAX

WHAT WILL BE IN ACORDING INCOME TAX ACT ?

Submission of form 112 in the year 2021
That is on the completion of articleship term.
Will it be allowed?
Will it cause any revocation of articleship if I pursue any regular degree during training period.

Suppose a person applied for only group-1 of ca final exams and got 90 marks (Exemption) in FR and failed in remaining subjects.
Next attempt he applied for both groups, the following are the marks obtained.
paper-1 = 90E
paper-2 = 50
paper-3 = 40
paper-4 = 40
Total =220

paper-5 = 50
paper-6 = 50
paper-7 = 40
paper-8 = 40
Total = 180

Is set off possible for the extra 20 marks in group-1 against group-2

What could be appropriate areas of checking in audit of jewellery shop

Hello sirs

Is it possible to get the income tax refunds in 2 installments for the same financial year. I already received the TDS. But after rectification under section 143 (1) of IT return i am eligible for some extra amount also as refund. How i can claim the balance refund for the same assessment year.

Regards
Bala

if have some old creditors showing debit balance & some creditors not in existince showing credit balance how can i adjust these balances?? i wanted to clear them off from my balance sheet