We are an export house based in Kerala. We send documents against exports directly to our buyers. When the buyers send us payment for the full amount we do not receive the full amount and an amount of US$ 30-35 is short received as the same is deducted by the intermediary banks. Our bankers say that unless the full amount is received they will not regularise the bill. Is there any RBI circular or rule that allows our bank to regularise the bill.


Regards
Sajjad

How will be the capital gains taxed in the following case:
Mr. S has Purchased a House Plot in the year 2010 for Rs. 5,00,000/-
He Started Construction in the above plot in the year 2017 and Completed it in the same Year. Cost of Construction of the house is Rs. 1500000/-
In the Year 2018 (After April) he sold the above property for Rs. 35,00,000/-

How will the above asset taxed to captal gains. Is it Total Long Term Capital Gains or should we bifuricate the land value and construction value as LTCG and STCG. Plz Clarify.

My Company is incorporated on 10th March 2017.

Auditor has done audit from 10th March 2017-31st March 2017.
and also for 2017-18.

When the Company is need to held its first AGM , because as per provisions of the Companies Act, 2013, the first Financial Year can be of 15 months.

ABC Company Sold Packing Covers to XYZ Shop worth Rupees 2,50,000/- in a single Invoice.
XYZ Shop is not RESALE this Packing covers

Transaction of ABC Company is a SALES

Transaction of XYZ Shop is an EXPENSE

In Books of Accounts of ABC Company can enter Cash Receipt 2,50,000/- in a Single day & Single entry or Multiple Entry in Multiple Date.(Please note Cash Receipt Per day Limitation)

In Books of Accounts of XYZ Shop can enter Cash Payment 2,50,000/- in a Single day & Single entry or Multiple Entry in Multiple Date(Please note Cash Payment Per day Limitation)

PLEASE ANSWER THE SAME SITUATION FOR SALE VALUE 1,90,000/-

Receipt of Every Life Insurance Policy is shown Policy Amount + GST Amount.

Can Claim GST of Proprietor's Personal Life Insurance Policy?

can i charge gst in Silver ???

sir what's the difference between shareholders and members under Companies Act

Hi,

I have a query regarding web services export payment from Bangladesh.

A firm registered in Bangladesh uses web services from me as it is my first experience with them, I have generated a invoice to them suppose of USD 500, now that firm informed me that a TDS of 20% will be deducted from the USD 500 and balance will paid to me.

I want to know two things here, does this TDS 20% thing exist, if yes, then is it possible to claim it here in my filing.

Thanks in Advance for your help!

Regards,
Sukhmeet Singh

Sir

I am under composition scheme and have to file GSTR4 for Q2.
I have downloaded the auto populated purchases from Registered dealers from the portal in the sheet 4- A&B.
This sheet includes purchases made by me in the previous quarter ( Apr to Jun ) also.
Now, shall I use the DELETE option in the ACTION column to exclude these purchases, since they are not
relevant to this quarter ?

Secondly, If I do this, will it mean that, I am disowning the purhcase totally. ?

Third, what will be the impact to my supplier if do this.

Or, shall I leave it as it is, so that the portal will automaticlally filter them when I create the JSON file to upload.

Please advice.

R/Sir
Kindly request to resolve my query regarding sale of goods to proprietor itself :-
1.) If from business some goods is sold to proprietor of business then what would be it accounting treatment and as per sale of goods act there would be two parties or not because there is no proprietorship act but we have to consider entity concept of business here or not.