sir/madam,
can anyone please answer my query regarding the following:
A contractor is awarded a job work and for this as per his quotation, our company has to bear the cost of hotel tariff. Now my query is in which account head this expenditure is booked.
Thanks & Regards
D Sen
9831087612

Dear sir/ madam,
I have got sales return from local unregistered person but i had confused where it show in GSTR-1. table 9B is given in gstr-1 but it shows IGST only it means we can fill information only sales return from unregistered person which belongs from other states. plz clearify it where data will come.

Dear sir,
one of my client is a salaried person, having the taxable salary and also interest income on FDs' on which TDS is done by the banker. When i am going through his bank statement, i observed that he has taken the loans by cheque and also repaid the loans by cheque and such loans taken and given are also in huge and big amounts.
Now i am filing his income tax return in ITR-1. My doubt is that whether do we have to show all these loans taken and loans given ( that are reflected in the bank statement)
Kindly advice.

A Medical Professional (Clinic) recived Rs. 26 Lakh during 2018-18.
I want to know about the minimum profit to be shown in ITR with books of A/cs but without Tax Audit?
Does he need to get his books audited or not if he shows a profit of less than Rs. 13 Lakh?

Reply with clarity.

Sir, my firm previous Year i.e, (F.Y.-206-17)Audited but this business very down position, Turnover below 1 Cores and profit percent 8% and above. What con do it. my query is Audit / Un audit of Income Tax Return file?

One of my clients wants to file Ay 18-19 IT Return u/s 44-AD. Tax liability is arriving as at Rs 50,000 u/s 44-AD which is too much for my client. The client is GST holder and therefore he has maintained correct sales purchases. But he has not maintained bank book and cash book and in such circumstances whether tax audit is possible, Please guide me and oblige.

Namaste all,
Assessee own one residential House and two plots/ land. sell one plot during Dec 2017, now to claim capital gain exemption can he buy a residential building as a co buyer along with his Daughter and son in law. Though he own one Plot and one residential house in his name on the date of transfer.

Is there concep of self consumption or captive consumption in gst regime. If yes whether goods consumed captively for making final goods which are exemptef; whether gst payable on captively consumed goods.

Mr. X who was working in Qatar died due to accident on site. The employer, a German MNC intends to financially support his family by providing a contribution of Euro 50,000 to his family members living in Telengana in the form of monthly pay outs. The German MNC also has one subsidiary in India.

What is the best route to do so without much hassle?

Dear All,

good evening,

we are doing camera rental business in bangalore. actually we will camera for daily rental as well as weekly rental.
for the same we will receive amount immediately in such case weather we have to account this transaction as sales or do i need to pass journal as rental income.

and also we will take some high end camera from other parties like studios & URD persons on rental basis.
the same equipment we will rent to our customer.
here we will pay the amount to URD & studio for rental charges .. how to account this transaction in our books ...should i treat this as purchase or Rental Expenses...and is TDS in applicable for this transaction please advise.

and what is the SAC code for Camera Rental services.