Hello all,

Facts:
One of our client is into business of trading of Bike accessories, Bike servicing & Bike customization business. He is currently not registered under MVAT Act. His Expected turnover would be around 10 to 20 lacs in the current year.

Query:
Can we get him registered under GST by opting Composition Schme. Wether Servicing & customization of bikes an eligibe business for Composition Schme.

WHO IS REQUIRED TO GIVE STOCK DECLARATION AS HELD ON 30.06.2017 ??? IS IT COMPULSORY TO GIVE FOR ALL??? AND WHICH TYPE OF STOCK TO GIVE (RAW, SEMI-FINISHED AND FINISHED)??

Hello, Sir i have a small query... just wnt to know ITC (of service) can be set off with gst tax outward (of goods supplied )....? pls rply

Hi..
X (Individual) have Intra day profit and Hp income . My doubt is that whether he had to file ITR 3 or ITR4

Kindly, guide me if i am correct as to the following calculation of Remuneration u/s 40(b).

Net profit post remuneration : 36476 (*above 8% of turnover),
Remuneration to partners:240000.,

Therefore, book profit is 276476 (net profit as increased by actual salary).

Allowable remuneration as per sec 40(b) is 248828 ( 90% of book profit)

Tax to be payable by firm is
Profit/(Loss) as per Profit & Loss account 36,476

Add: Inadmissible expenses & Income not included:
Remuneration to partners / members debited in P&L a/c 240,000
Total 276476
Less: Remuneration and Interest to partners - U/s.40(b) (248,828)

Net profit 28657

If the above treatment is correct, I have this doubt " How can we claim more remuneration (248828) than what we have actually incurred (240000).

Awaiting the response

Thanks & Regards,
Mahesh

I am a CA student but I really want to become an astronaut now because I love the moon. i want to go there .
So as per ICAI guidelines can a student do his Articleship from the moon.....so that my career is not affected due to this passion of mine.

and after clearing CA can i become a partner in BIG-4 from MOON only.
i also want to open a branch of ICAI on the MOON ....is it possible ?

Sir, yesterday on 22.6.2017 I enquired about calculation of long term capital gain and suggestions for investments to save income tax.
But my enquiry is still unanswered.
If there is any other formalities to fulfill pl let me know.
Pl help me.
Thank you
Yours
Subhash chandra sharma

Wife of a person who working in armed forces received arrear pension after deduction of TDS 10% from bank.How to claim refund of TDS as the pension received by family member of armed forces is exempted u/s 10 (19).

Dear Tax Team

I want IT Returns for the financial year 2014-15(financial year 2013-14) under the which section i have to submit like 139(4), 142(1), 148, 153(A), u/s 153C r/w 153A, 139(9)

Dear sir,
i want to know whether disclosure requirements as per icds is mandatory in form 3cb-3cd or it has to be made only when my income tax computation differs from icds. kindly reply.