Dear sir,

I have a accounting related issue. I am preparing accounts for my client. The issue while accounting is this he sale to varies party non gst goods ( Hari Mutur ) from purchasing the mutur from agriculturist.

He sale in the name of orignal party and receive the payment of sale from some other party on behalf of orignal party. Now how the balance of orignal party and other party (who transfer us the payment but no sale is made to them) treated.
example- sale made to rajendra for rs 10 lakh and bill is raised in the name of rajendra for rs 10 lakh and payment is received from akshat rs 10 lakh now how i adjust that payment from akshat is recieved on behalf of rajendra. my issue is how i clear the both account.

Please suggest

I have received a notice under section 143(2) for AY 2017-2018(of which ITR is already processed)regarding cash deposits and withdrawals.Where i have been asked to reply through e-proceedings.My Ca's advice is to wait for questionnaire U/s.142(1) to enable me to reply.(As U/s. 143(2) there are no specific questions or reasons.)Due date for 143(2) is 5/9/2018.What should i do wait as per Cas advice Or ?? Please help.

TCS ON PURCHASE OF CAR IS REFUNDABLE OR NOT

Dear Sir,


My client business is recharge of Videocon & Dish tv etc. and also serivce center operate then he will get Commission on Sales of 5%. and his turnover hiked 2.5 Cr. then my question, Client is liable to tax audit or not.?

Kindly explain in details.

HI EXPERTS

MY BUSINESS TURNOVER IS LESS THAN 75 LAKHS PER ANNUM . MY PROFIT MARGIN IN BUISNESS WILL BE AROUND 15 TO 20%

CAN I OPT FOR 44AF AND PAY TAXES AT 8% , EVEN THOUGH MY ACTUAL PROFITS ARE HIGHER.

PLEASE REPLY

Dear All,
What is the accounting treatment of 234A, B , C Interest & If it is included under Interest expenses should it be disallowed?
Regards,
Kiran.

If amount is not deposited due to dispute in the court but the time period elapsed is less than 6 months. Should we report in 3CD?

Hi Friends,

One of my relative gifted an immovable property consisting of land and residential building to his wife on Feb, 2018 and subsequently wife sold the same in March, 2018 and the tax u/s 194IA was deducted in the name of wife by the purchaser. Now when they want to file the return, can the wife take the original cost of purchase by her husband as Cost of acquisition or the amount fixed in the gift deed? Also what will be the period of holding of property of wife?

Could you please throw some light to this issue?

A government organisation is providing acomadation and Food to its employees transferred from other state. The Hostel owner is charging GST @18% on the monthly rent of Rs7000 paid per person for 50 persons.
Is the organisation is liable to pay GST @18% or claim exemption as per notification 11/2017 please clarify

Mr.Roy is a salary person.Previous year he was submitted non taxable ITR-1. As on 31st July 18 he was received Rs.3 lakh DD from the company, due to companies various reasons. Hence while Mr.Roy submit ITR will he face many questions from IT Department? How to solve this problem.