Hello everyone, i am query regarding issue of credit note in case of vehicle sale to ultimate customer, after invoice raising, we provide post sale discount to ultimate customer to adjust/ make "nil account balance"his account in books
but in original no discount given to customers, all real discount give at the time of sale.so any requirement to issue credit note for post sale discount or not here i present a example

A truck sale to Mr X for Rs 23,20,000/- and invoice discount given to him 1,50,000/- and amount received from customer 21,00,000/- and his due balance 70000/- and we pass entry again as rebate & discount of 70000/-
please provide ans

CAN I FILE LIC COMMISION-0301 UNER SECTION 44ADA FOR THE A.Y 17-18 IN ITR-4(PRESUMPTIVE).
IF NOT THEN WHIC FORM AND SECTION AND HEAD OF INCOME.

As a employer, If any employee take benefit of Rent paid under HRA exemption. Is it necessary to take photocopy of Rent Agreement as proof of for exemption or is it ok if employee is providing rent receipts.

What is the tax rate in GST for the item of Chicken cutlet?

Is services for Business Consultancy, Market Research and Supply Chain Compliances (Logistics etc.) an eligible Business under section 44A?. If it is not regarded as Business and is a Profession, will it be eligible as specified Profession u/s 44AA to avail presumptive taxation u/s 44ADA?

If i have 1 to 2 yr Fixed deposit post office and other bank. can i claimed u/s 80C or not

INDIVIDUAL REGISTERED UNDER THE GST AND WANT TO SELL HIS USED CAR TO B FOR RS. 45000/- WHETHER HE IS LIABLE FOR GST ON SALE OF USED CAR AND PAY THE GST

We have to file trust returns in form ITR-7 . There is no 12A Registration. Shall I file ITR-7 and Auditor flag to be filed or not and auditor details u/s 12A(1)(b) details to be file or not

Dear freinds,

will 44AB applicable if ,
My Income is comprises of remuneration from partnership firm and interest on capital from partnership firm which is more than 2,00,00,000(2 Cr.) as both income is considered as busniess receipt ..
so , will provision of 44AB will attract .....

your valuable suggestion is highly appreciated ......


Thanks and Regards
Shailesh Gupta

Dear Sir

We have a partner ship firm (50-50% ) both partner. in the end of march net profit near about 80-85 Thousand. so please telll me how much income tax we have to pay. I already deposit 15000/- In December.

Please suggest