I have a problem while filling ITR. I have 2 assets in my book. There opening WDV as on 01/04/2016 is Rs. 23263(11492+11771).Depreciation rate is 15. One of the assets of WDV Rs. 11492 is sold on 31/03/2017 for rs 5000
& another assets of same kind is purchased in Nov 2016 say for Rs. 10000.
What depreciation value & closing WDV shall be shown in excel sheet as well as in ITR.
Whether dep shall be Rs 4240 (1724+750+1766) or Rs 2516(750+1766). And how loss on sale of assets of Rs. 5000 shall be treated?

Sir, I would like to know, what are the criterias is required to fullfill for bank loans, which is verified by bankers, apart from required documents, like any ratios and calculation etc., please advice me

Dear sir we have tax liability in vat system can we sett off the liability in gst with ITC if yes how

Dear Experts,

We have a issue for charging "Interest" on late payment/overdue on bill.
Kindly suggest whether we have to issue tax invoice or debit note against that bill for charging overdue interest in GST. And SAC for charging Interest on that bill(s).

Regards

Sir,

is Income from Fishery is Taxable Income Income or exempted income .please Advise.

Dear Sir

We are in business of Transportation, due to some misunderstanding we had raised 1 invoice in the Month of July 2017 under category of Hire Charges and had charged GST on the same not we have reversed the same invoice including GST in the month of October 2017 and prepared revised invoice in the month of July 2017 under transportation category.

Am i eligible to reverse the output liability on GST for the month of July 2017 in October 2017?
Can i raise fresh bill for the same in the month of July 2017 under transportation category ?

Sir,
My Firm (LLP) is commission receiver & trading company, we raise the commission bill to the GST registered company.

Sir, can we receive the commission bill from GST registered & unregistered company.

Please clarify the matter.

Santosh Jha

CONSIGNEE IS SITUATED AT PUNE,(MAHARASHTRA)

CONSIGNOR IS -OUT OF MAHARASHTRA.

TRANSPORTER IS LOCATED -IN PUNE ( MAHARASHTRA)

IS WE TO BE PAY SGST,CGST OR IGST.

PLEASE GUIDE.


RAJKUMAR GUTTI

Due to some reasons my Form 103 has been received by the institute after completion of 30 days.They are now asking for a condonation letter along with a condonation fee of Rs 500. What shall I do. Suggest please

what is a last date of tax audit