Dear sir/Madam, By over sight our asst.has entered some amt(Ex. 50000) in cess column as we don't have any cess (we are just traders) and filed GSTR1 for Sept17. Now we have noticed the mistake and how to rectify the same while/before filing GSTR1 for June18 please illustrate with example.
Thanks in advance

Is remuneration received by the Director from a Private Ltd Co. taxable as salary in the hands of director if NO TDS is deducted by the company u/s or 192 194J ? In what cases is it taxed as Business or Professional Income?

Also, the Interest received by Directors on loans given to the company through own sources be taxed under IFOS ? Whether on acrrual basis or receipt basis?

i have taken home loan in march but my first interest decduction started from april. do i need to show it F.Y. 2017-18 .please clear me the concept. URGENT

My dealer is selling tobacco products on which GST rate is 28% plus cess @160%

Total Taxable turnover as per GST 3B return is Rs. 50,08,100.00
On which CGST @ 14% Rs. 7,01,134.00
On which SGST @ 14% Rs. 7,01,134.00
On which Cess @ 160% Rs. 80,12,960.00

Total Value including all taxes is Rs. 1,44,23,328.00

Dealer is following booking sale and purchase net of tax in his books.

Question: For the purpose of filling income tax return turnover is net of tax or not ?

Dear Sir,
I want to know about the responsibility to issue e-way bill. Actually we have received a consignment of an exempted goods valuing more than 50000 but the supplier did not issue the e -way bill and the consignment reached to us . We were also unaware . We come to know when the consignment reaches to us .

Sir would there be any problem for us??

Dear all,

Please specify whether credit are eligible or not under construction of factory for water in take outside the premises.please confirm

Hi,
Since 2 yrs I am an NRI. I have salary's income from Uk for 3 months(1.4.17 to 30.06.17) Hence I paid UK income Tax. In AY2018-19 I am an Indian resident have a income from salry for 9months (1.07.17 to 31.03.18).

should My resident consider me as split resident Hence my abroad salary income is non taxable in India as I have paid tax in Uk Country.

Please reply soon.

Hi Friends,

Is there any impact from company financial statment to directors personal Income tax return apart from remuneration?
please explain how to file directors income tax return, suggest the relevent section?

Thanks in advance
Ashritha

Dear All,
Kindly advice me , that which ITR should be filed by a director of private limited company which is 30% shareholder of the company .
and in which head of income , it should be done .


Kindly advice , as 31st is last day of filing of income tax .

Our co policy is it grants 27 days leave in a year. If it is availed then ok otherwise on 31st march amount is paid for the leaves which are not availed during the year.
In this case if an employee resigns in Nov 17 then leave encashment received for the period Apr-Nov17 is taxable or not?