Poonawalla fincorp
Poonawalla fincorp


Daya

Penalty under section 234E levy from which date and how much penalty can be levy.

or in the case of NIL returns than also how much penalty can be levy, please reply.


Kollipara Sundaraiah
09 January 2022 at 16:46

Accounting doubts

Sir,
Difference between Accounting and bookkeeping and cloud based or online bookkeeping


JYOTI GOEL
09 January 2022 at 14:32

AUDIT OF 2 BUSINESS

SIR,
THE ASSESSEE HAS 2 BUSINESS. ONE IS TRADING IN GOODS(TURNOVER 12 CRORE) AND OTHER IS TRADING IN SHARES(TURNOVER 6 CRORE SPECULATION BUSINESS) . BOTH BUSINESS ARE SUBJECT TO AUDIT AND ARE DIFFERENT. MY QUERY IS HOW TO FILE AUDIT REPORT OF 2 BUSINESS DIFFERENLY. ONE BUSINESS AUDIT REPORT IS FILED AND ACCEPTED. WHEN I AM FILING 2ND REPORT, THE PORTAL TELL TO ADD CA. WHEN ADDING CA IT TELL CHANGE THE FILING SECTION I.E.REVISED AUDIT REPORT. BUT FOR SECOND BUSINESS IT IS ORIGINAL REPORT AND NOT REVISED REPORT. ONE OF MY FRIEND TELL ME TO ADD TUROVER OF BOTH BUSINESS AND FILE AUDIT REPORT. BUT HOW TO COMBINE THE TWO BUSINESS DETAILS AS BOTH ARE DIFFERENT , ONE IS NORMAL BUSINESS AND OTHER IS SPECULATION OF SHARES. WHAT TO DO IN THIS CASE ? WHAT IS RIGHT IN THIS SITUATION? PLEASE SUGGEST


Anouja Thyagarajan
09 January 2022 at 14:06

ITC- Builder/ Construction

Respected Members,
I have a query, for a builder on sale of underdeveloped house and charging GST at 5% (without ITC), here without ITC means ITC credit won't be available to builder on his purchases (inputs) or buyers of house cannot claim ITC?
I already had accumulated ITC in credit ledger, in case if it no ITC to builder, when i'm filing GSTR 3B credit balance gets set off against liability not cash then how without ITC i can make GST payment? Please Help


DIVYESH JAIN
09 January 2022 at 12:40

Investment advice

Dear Sir,

My Bank FD's are getting matured at regular intervals and I need to plan out for investment.

Since FD investment now leads to negative return at present due to inflation and other factors it doesn't seems to be a good investment option.

What are the other options available where can I invest my money from which I can get returns better than FD but at a low risk.

Please help me in this matter.

Regards,
Divyesh Jain


Chaitanyaa
09 January 2022 at 11:36

Net Worth calculation formulae

In net-worth calculation, in some books it is mentioned that only free reserves will be considered . In some books it is mentioned that reserves and surpluses will be included.
Which reserves will actually be considered for NW calculation out of following ?
1. Depreciation reserves.
2. Capital redemption Reserves.
3. Debenture redemption reserve.
4. Subsidy reserves.
5. General reserves.
6. capital reserves
7. Amalgamation reserves.


jignesh sitapara
08 January 2022 at 23:42

Regarding Rent Income by tenker..

My client has petrol pump. He earn rent income by tenker (petrol tenker). But he does not mention rent income in any GST return. Now any tax liability in GSTR-9 ?
Please help me.


Pratiksha

Requesting for your clarification regarding tax Audit applicabilty on intra day trading losses".
My question is that: Is Tax audit mandatory when we suffer Intra day trading losses and Total income ( excluding losses from trading ) exceed basic exemption limit i.e. 2,50,000 but total turnover i.e. Profit + Losses from trading is below Rs 1crore ?


Shraddha Yadav

I had submitted Form 108 for my excess leave of 4 days but during the form, the filling system does not allow me to fill 0 days leave due to which I got 1-day excess. Tell me what to do this trap me in the loop of form 107.


Raj Jarsania

I WANT TO SIGN UP IN ICEGATE AS IEC AUTHORISED PERSON.. I AM MD OF COMPANY... I HAVE DIGITAL SIGN.

WHEN I SELECT IEC AUTHORISED PERSON FROM USER TYPE... ONE MESSAGE SHOWS
"Enter Icegate Id of IEC Holder" WHAT TO WRITE ON IT..... I HAVE NOT REGISTER BEFORE IT.

HAVE TO REGISTER WITH IEC HOLDER FIRST THEN CAN I APPLY FOR IEC AUTHORISED PERSON OR WHAT ? PLEASE GUIDE