Hi there,

If someone is a freelancer doing work with foreign clients (administrative jobs) but payment come to bank directly and don't have any Invoicing system etc.. can he/she opt for 44ada? if yes then total receipts are under 4 lacs then 50% would be 2 lacs, In that case does this person need to file ITR at all?

Last year this person have filed return with approx. 3 lacs income as business/profession and paid some tax on it too.

All answers are appreciated.

Thank you

if any business man not registered his business in any previous law and want to register in gst what is procedure

abc Co.
Insurance A.c
2014-15
Date Particulars Debit credit
1. 4.14 Prepaid Insurance 18600/-
22.5.14 Bank 3755/-
18.7.14 Bank 17405/-
10.9.14 Bank 3442/-
8.12.14 Bank 1011/-
5.1.14 Bank 658/-
24.3.15 Bank 16680/-
-------------------------------------------------
31.3.15 Prepaid Insurance --- 23600/-
-------------------------------------------------------------------
61551/- 23600/-
--------------------------------------------------------------------
Closing bal 37951/-
2015-16

1.4.2015 Prepaid Insurance 23600/-
16.5.15 Bank 4108/-
13.7.15 Bank 13299/-
21.9.15 Bank 4169/-
4.3.16 Bank 1088/-
18.3.16 Bank 16966/-
31.3.16 Prepaid Insurance ----- 23590/-
closing Bal 40386/-
2016-17
1.4.2016 Prepaid Insurance 23590/-
9.5.16 Bank 4372/-
27.6.16 Bank 12041/-
8.9.16 Bank 4315/-
12.12.16 Bank 1035/-
6.1.17 Bank 832/-
9.3.17 Bank 1093/-
24.3.17 Bank 7169/-
24.3.17 Bank 7113/-
Please Calcution Detail
Prepaid Insurance Calcualtion in Prepaid Insurance 14-15 23600/- 15-16 23590/- 2016-17 Please Detial In Prepaid Insurance Calculation

A partner withdraw equal amount in the beginning if every month from 1st nov. if the total drawings is rs 6000 then calculate int on drawings at 12% p.a firm's accounting year ends on 31st march...

Who can sign Return of Income,in case of an Individual, where the individual ,aged 88 years,is unable to attend to his personal matters.R.Dayal(18/6)

what will be GST RATES ON PADDY HUSK, RICE BRAN AND BARDANA.. and under which hsn code are they covered

Dear Sir,
My friend has insurance commission receipts of RS.135,000/-
and expenses inured for that purpose is Rs.17,000/-
1) Whether books of account required to maintain.
2) And also explain in detail the above provision

Respected Sir /Madam Please guide me regarding the taxabilty on partial withdrawal from PPF account.. thank you in advance

I have done a deal to sale my land in FY 2016-17 and part of payment received in 16-17 and rest are still pending to be received and transfer of property is still pending. Land is an agricultural land. Please suggest about tax impact on payment recived in FY 2016-17

Sir,
ABC Co .
Insurance a/c
01.4.2016 To 31.03.2017
Date Particulars Debit Credit

1.4.2016 Prepaid Insurance 19,860/-
9.5.2016 Bank 1.894/-
21.11.2016 Bank 8,278/-
13.2.2017 Bank 3.746/-
24.3.2017 Bank 546/-
24.3.2017 Bank 4,649/-
---------------------------------------------------------
Total---------------------------------------- 38,973/-
Please Prepaid Insuranc Calculation Detail