Manish

DEAR SIR
I AM A JOB WORKER AND MY GROSS RECEIPT IS 21,00000 AND NET PROFIT I SHOWED 432000 AS I SHOWED MY INCOME ABOVE 8% IN ITR 3(NEW) AND I DO NOT MAINTAIN BOOKS OF ACCOUNT.
BUT AT THE TIME OF FILLING OF MY INCOME TAX RETURN THE BELOW MENTIONED ERROR IS APPEARING
'You are liable to maintain books of account u/s 44AA as turnover/profit exceeds allowed limit - Rs. 10,00,000 for turnover and Rs. 1,20,000 for profit.'


CA Akhilesh Kumar Kandpal
27 July 2017 at 03:10

Last Year Balance Sheet Corrections

While finalising this year's balance sheet I found that there are some discrepancies on last year's balance sheet....for example loan has been shown as trade payable.....and previous auditor failed to point out that and approved the balance sheet....now when I am preparing this year's balance sheet , then how should I show that amount in last year's column.....should I show it as shown in audited balance sheet or should I show it at right place?


CA Akhilesh Kumar Kandpal
27 July 2017 at 02:45

Credit balances of debtor

out of all debtors some have little amount as credit balance. My question is that when showing them in the balance sheet whether I should show adjusted amount as debtor or only debit balances as debtors and balance as advance received??


SRI BHAGWAN JOSHI
27 July 2017 at 01:02

ITR RETURN PANELTY

A pan holder not file his ITR before 31st July 2017 after due date panalty.....


mohsin balwa
26 July 2017 at 23:52

refund.

dear expert, my client is supplying nil rated goods and he is register his business in GST under reguler supplier but he purchased some machinery and equipment, at a time of purchasing machinery he got GST invoice so can he claim refund of such amount of tax which he paid. thanks & regards


Monica Punjabi
26 July 2017 at 23:40

Short term capital gain on shares

Individual has total interest income(IFOS) of less than Rs 100000 and short term capital gain on shares is Rs 8000. What will be the tax liability?



Anonymous
26 July 2017 at 23:40

Grp 2 accounts

What will be the entry for
Out of share surrendered, 1000shares of 10 each shall be converted into 12% pref. Shares of 10 each fully paid up
In case of reconstruction


Monica Punjabi
26 July 2017 at 23:37

Itr filing of deceased person

How to file return of deceased person who passed away on 16th Sept 2016.


Mhatrekiran58
26 July 2017 at 23:02

Reverse Charge On Transport charges

hello sir, please solve my query if transporter is unregistered in gst they are no charge gst in transport bill so company liable for pay gst on transport charge under reverse charge mechanism ????? and transporter is registered dealer but no added gst in bill so company is liable for pay gst under RCM ??? please give me your valueble time fo my query thanks


Jitendra
26 July 2017 at 22:57

Relief u/s 89(1)

one of my client can get benefit of arrears of ay 2011-12 nd 2012-13 but she didn't file ITR of those years. can she claim such benefit? if yes, how? because while filing form 10E both years was not showing.





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