Anonymous
13 December 2017 at 00:39

Composition scheme for event management

Dear Sir,
One of my relatives wants to start a Event management services, So They can register GST under composition scheme? but GST law says only Traders allowed under composition scheme(Is traders Include Event management services?)



Anonymous
12 December 2017 at 22:46

Filing of mgt 7



Dear sir

While filling MGT 7 For a small company the form is asking for the digital signature of a company secretary by filing his details .as per law this is not required..how can one solve this .
can we give some number like000000 and put DSC of director in this place
Please clear my doubt



Anonymous
12 December 2017 at 22:41

Hsn code and rate

My freind started a business of manufacturing of jute and cotton bag. Please suggest me what is the hsn code and tell me the rate of gst..
Please help


amarjeet singh
12 December 2017 at 22:14

Section 185

Can pvt ltd company give loan to its director? If yes what's the procedure and compliances?


Shaik Fazal
12 December 2017 at 20:56

Capital and revenue expenditure

An asset is manufactured at a cost of rs 200000 on 1st October for which loan of rs 150000 was taken on 1st April of that year at 10% p.a.The entire loan was outstanding till the end of the financial year. Which of the following is correct?

A. Capital expenditure Rs 200000 and revenue expenditure rs 15000

B.Capital Expenditure Rs 207500 and Revenue Expenditure Rs 7500.

C. Capital expenditure Rs 215000

D.None of the above.


Please answer with proper explanation.


Shaik Fazal
12 December 2017 at 20:50

Capital and revenue expenditure

An asset is manufactured at a cost of rs 200000 on 1st October for which loan of rs 150000 was taken on 1st April of that year at 10% p.a.The entire loan was outstanding till the end of the financial year. Which of the following is correct?

A. Capital expenditure Rs 200000 and revenue expenditure rs 15000

B.Capital Expenditure Rs 207500 and Revenue Expenditure Rs 7500.

C. Capital expenditure Rs 215000

D.None of the above.


Please answer with proper explanation.



Anonymous
12 December 2017 at 20:01

Educational institution claiming exmption

Sir,
I am running an educational institution, my gross annual receipts exceeds 1 cr & I possess 12A registration also. now under which section should i claim exemption of the income tax act 1961.


mausam
12 December 2017 at 19:03

appropraite taxable head of income

assesse having income of buying hens from poultry farms and selling to the butcher shops and also having contracts with traders. so plz suggest me treatment of this income with appropriate head


raghavendra b
12 December 2017 at 18:49

Money demonetisation

Dear Madam/Sir,

please clarify me that one of my client a dealer of acc cement and iron and steel, dealer of asian paints. he almost sales in the nature of credit basis 30 days, 60days. he made deposited cash of 1200000/- rupees after money demonetisation. he has declared sales of 1500000/- rupees in the vat return. his cash in hand almost 9th of November month more than 1500000/ rupees. After that he has received notice from income tax department to give explanation about cash deposits. we replied through online e-proceedings. but income tax officer not satisfied of our replies. he calls us to produce books of accounts vat returns, bank statements and every thing.

we have appeared before him books of accounts. he is saying your deposited cash in different dates now almost cash deposits are un authorized income you have pay tax on that. i quetioned him how you thought of all cash deposits are unauthorized income ? he has almost maintained more than 1000000/ rupees his cash balances because he is wholesale dealer.

please tell me if any limitation of regarding cash deposits even the money legally hold by him

regards


RAGHAVENDRA G.S
12 December 2017 at 16:50

Sales returns after gst

Dear Sir,

Sales Made in the month of June Rs.500000 plus 14% VAT. At present we need to collect out of them Rs.300000 as sales returns. Now VAT is no more applicable and GST is applicable. How to proceed further? If he is unregistered dealer and If he is a registered dealer .