NAMASKAR, I AM AN ACCOUNTANT FOR AN TAX AUDIT BUSINESS INDIVIDUAL BUSINESS.. THE COMPANY IS UNDER TRADING OF EDIBLE OILS AND GHEE ETC. THEY RECENTLY RECD AN E INVOICE WITH A DISCOUNT OF RS.103050/- IN THE INVOICE ITSELF.
WHETHER WE HAVE DEDUCT TDS ON ON THIS AMOUNT EARNED I.E. RS. 103,050/- WE WILL BE THANKFUL .

Sir,
A doctor running a private hospital purchase of new equipment large amount value 50% down payment remaining balance some(24 installments) pay procedure.assess accounting books maintained for cash system
Question:
1.assess purchase of equipment value based on invoice (equipment full value)or pay 50 percent value entry passed in books and depreciation claim full value or pay value allowed in it act.

Dear sir,
If Composition dealer want to cancel his GST Number Because his Turnover is Below Threshold Limit So in That case Whether Taxable Person is Required to Pay Amount @1% on stock which is held as on date of Cancellation ? and Any Closing Stock Details need to Be mentioned in while filling for cancellation?

Dear Experts,
If an employee is on medical leave for long time (say 10-12months). Is employer legally liable to deposit his own share for esi for this period or no need to deposit ?
Please reply
Also provide notifiction/circular/ any written doc.(if possible)

SIR
I HAVE A PETROL PUMP AND RECEIVING RENT FROM HPCL COMPANY RS 8820.00 AS BASIC RENT FOR LAND PER MONTH AND COMPANY IS PAYING NO GST ON THIS AMOUNT, NOW I WANT TO KNOW THAT SHOULD I HAVE TO PAY 18% GST ON THIS AMOUNT TO THE HPCL COMPANY IN GST B2B RETURN AND MY TOTAL LUBRICANTS SALE IS NEARY RS 100000.00 (ONE LAKH ONLY) PER ANNUM.
PLEASE GUIDE ME.
SAIYAM

who neither himself nor any of his relatives- is or had been employee of the co . in any of 3 fy immediately preeceding the fy in which i.d is proposed to be appointed.
provided in case of relative who is emplyee the restriction under this clase shall not apply during 3preecding 3 fy.


my dobut is... in first para it says for 3 fy relative shall not be associated as employee of co, and in 2nd para it allows those relatives who are associated as employee during 3 pfy.

dear members plz...help me with correct interpretation.

Dear Professional Colleagues,
I have analyzed FnO Trading and extracted turnover (by summing up positive and negative values) as 16.8 lakhs (Positive diff comes to 9.2 lakhs and negative diff comes to 7.7 lakhs). Total Sales (Margins) as per trade book comes to Rs.2.05 cr and Total purchases comes to Rs.2.035 cr. Hence Gross Profit is Rs.1.5 lakhs only, after deducting STT, Brokerage, GST etc, net profit comes to Rs.1.23 lakhs.
My question is how above to be presented in ITR P&L,
a. GP of Rs.1.5 lakhs on credit side and all other expenses like brokerage, GST, STT etc on Debit side and to show net profit of Rs. 1.23 lakhs
OR
b. To show sales of Rs.2.05 cr and purchased of Rs.2.035 cr and then show GP, followed by above exp and then NP
OR
c. To show positive diff of 9.2 lakhs as sales and negative diff of 7.7 lakhs as purchased and then GP, exp as above and NP
Any other method to calculate the above.
Kindly Suggest.

GST Registered dealer purchases goods from URD person RCM applicable Or no

Whether TCS is applicable on sale of Extra Neutral Alcohol.

Thanks in advance

Respected Sirs,

How to refer to WORKLIST in new income tax portal ?

Please guide me and oblige.