Can Withdrawls of a person can exceed his net profit of the business. For example his net profit is Rs. 50000 but the drawing amount from business is Rs. 85000. Is it possible?

Please help me on the following matter.

I have many vendors who has given me services in the month of November and December but they have issued invoice in the month of December. But I have received money from client related to which I have taken services from vendors as an input and my output tax liability has arise, but I don't have any invoice to claim input tax credit against that output tax liability.
I haven't filled GSTR 3B yet. Can I claim input tax credit against December invoice in November GSTR 3b ?

Is there any other way to reduce my output tax liability in the month of November?

Please help.. Thanks in advance

What is the due date for filling return of NGO .Is there compulsory to file return even having NIL recipts.and no income.

of b/s andformat income & expenditure a/c of lic gratuity trust
which ITR form for grtuity trust
whether audit is applicable
audit report report

Dear all, I have a query on above subject. One employee has submitted documents & claiming exemption for Home Loan (for 1 residential house). Th said house is completed & we are unable to verify whether the same is rented or occupied by him. Side by side he has also furnished Rent receipts to claim HRA. His plea is that he is living in rented house & not living in his own house due to practical reasons. His both houses are in same city.
Kindly guide whether both benefits can be given? if not then some strong reasons / rulings in support. This may be practical problem also in some cases but few people want to take maximum Income Tax benefits.
Thanx.

Plz reply as whether Net Worth Certificate can be issued by a CA in service, on his letterhead?

The Companies (Amendment) Ordinance 2018 has reintroduced the concept of Certificate of Commencement of Business. Under the new Ordinance, no company will be entitled to commence its operations except by filing a declaration within 180 days of its incorporation stating that the subscribers to the Memorandum of the company has paid the value of shares so agreed by them, and files a verification of its registered office address with the Registrar of Companies (ROC) within 30 days of its incorporation. Non-compliance with this provision will result in the removal of the company’s name from the Registrar of Companies. As far as Certificate of commencement of business, form is yet to be prescribed for filing declaration by directors u/s 10A. The second part- verification of its registered office address..within 30 days of its incorporation. (How it is to be done as Form INC-22 is for change in registered office of an existing company) .
There is no column for verification of office address.



Plz reply.
Thanx

THE ITO MADE ADDITTION OF RS. 3LAKHS AS UNEXPLAINED SOURCE OF INCOME AT THE TIME OF ASSESSMENT. AT THE TIME OF ASSESSMENT, THE ASSESSE WAS NOT ABLE TO EXPLAIN THAT CREDIT RECEIVED IN BANK WAS UNSECURED LOAN TAKEN FROM HIS FRIENDS. HE WAS NOT ABLE TO COLLECT DETAIL FROM HIS BANK. SO HE WROTE THAT HE WAS TAKEN FROM HIS PARENT OR RELATIVE. SO ITO ADD AS UNEXPLAINED SOURCE OF INCOME. HOW I FILED APPEAL AGAINST THIS.PL GIVE URGENT REPLY

Sir,
What will be the Total Fee including Late Fee for Filing MGT-7 and AOC-4 of a Private Limited Company for the Financial Year 01/04/2017 - 31/03/2018 having an Authorized Capital of 5,00,000. Whose AGM has been held on 30/09/2018. If it is filed today i.e. 27/12/2018
Thanks in Advance

hello everybody

hope you are doin well

i have a question ration purchase for company mess,suggest me which ledger use to maintain accounting and can we take input for the same.
fast reply welcome

Regards

sunil Kumar