we want to sale a immovable property then amount which was received on such sale we want to invest in FDs as we can earn interest. The bankers saying that during the year the if any person was deposited more than 2lac it leads to some problem like IT notices. Till now we are not income tax assessess.Please guide for tax planning

Dear Sir,

If we are distributing the free samples items only to the customers. How to make invoice, that is my doubt is , we wants to show the rate and total value of free sample supplied?
These free samples are received from our main distributor( but they issued a bill to us by showing free samples , shown rate , total bill amount as Taxable amount) Is this correct?

its mandatory to keep stock register for this free sample( to show free sample received to us, we are also distributed as free sample), and how accounting properly ?


Thanks for an immediate reply....

Sir,
what is the applicability of TDS on sale of immovable property by a Non Resident to a Non Resident. whether the NRI is required to deduct TDS on this transaction ? Can I know the applicable sections ?

Dear Sir,

A transporter having GST registration as his income above 20 lacs .But not charging GST on inovices. We are paying GST on the same by RCM basis.Is it correct way of billing or the transporter have to charge GST on his bill.

Need your suggestions.

Regards,
Kripesh Powar

Dear Experts,

Salary income for the FY 2016-17 was below the taxable limits accordingly ITR was not filed for AY 2017-18

Employee received Salary arrear for FY 2016-17 in the year 2017-18. Can he claim relief u/s 89 (1) for AY 2018-19 on arrear salary in view of ITR for AY 2017-18 was not filed?

MDS fees paid to Institute of Dental & medical science of Rs. 7,50,000/- How to claim rebate in income tax and which amt. u/s 80c as a tution fees head father income upto 6.5 lac and he use itr-4 please suggest

I HAVE A SMALL BUSINESS OF REPAIR ANNUAL TURNOVER AROUND 3.5 LAKH
THERE IS NO CLOSING STOCK
WHAT IS TO BE FILLED IN METHOD OF VALUATION OF CLOSING STOCK IN ITR3

Hello,

I have issued a credit note of a bill in September, 2017. But in July 2018 the party gave me the full amount for which credit note was issued.

Please help me what is the GST provision related to such transaction. Whether I can correct the bill of September, 2017 since now I have received the amount.

Regards,
Divyesh Jain

Sir,
I have a doubt regarding date of deduction of TDS.
There is an Invoice of professional charges for Rs 100000 dated 31.3.2018 for the month of march 2018 but the comapany has booked the expense as on 08.04.2018 and subsequently they have deducted TDS on same on 8.04.2018 & paid on 7th May 2018.
So have they done correct or they should book the expense as on the invoice date i.e 31.03.2018 & pay it before 30th April 2018.

Has the limit for mandatory generation of E-way bill been revised from Rs.50,000/- to Rs,1,00,000/-?? for Intra-States transactions?