R S Sai Kumar
29 January 2021 at 18:23

Under 44AD

Dear All
One of my client has aqua business - the turn over is more than one crore and less than two crores. All the receipts are only through bank accounts and there are no cash receipts. But the expenses is more than 5% of total expenses - is tax audit applicable in this case. Please clarify.
R S Sai Kumar


lalit
29 January 2021 at 16:40

AGM query

In a private limited company date of signing balance sheet for FY. 19-20 is 28/12/2020 ,
Last AGM date was 29/09/2019, so now as per 15 months norms it should hold its next agm by due date 28/12/2020,

My query is :
1) Will it be correct if it hold agm on 28/12/2020 ?
2) Will it be correct if it adopts the balance sheet of FY.19-20 signed on 28/12/2020 in the AGM held on 28/12/2020 itself ?
3) Will it be able to comply the requirements of shorter notice for AGM ?
4) Is it compulsory for it to file MGT-14 for the shorter notice intimation , or just mentioning about shorter notice in the directors report is enough compliance ?


Rahul Singh
29 January 2021 at 13:12

QRMP scheme

my business is in proprietorship doing services making around 1crore. what i have to do to for the qrmp scheme? i like to file return monthly.


Pragati Sharma
29 January 2021 at 12:39

Input Tax Credit

While filing GST return for May 2020, I considered certain ITC of capital goods pertaining to that month as ineligible because of blocked credit and mentioned under Table 4(d) - ineligible ITC as per section 17(5).

But now in Dec 2020 it was discovered that it is eligible ITC and hence took ITC in GSTR 3B of Dec 2020.

I want to confirm whether this claim of ITC is valid now?


CHANDRAKALA
29 January 2021 at 12:29

About UDIN

While submitting 3CA & 3CB, we have created udin and submitted at that time.(Showing udin consumed in CA login portal). After submission of 3CA& 3CB we revoked udin and created new udin. Now i want to consume latest udin in CA Portal. Please suggest how to update udin in CA login portal.


Yasotha Prakash
29 January 2021 at 12:16

Debit note by our supplier

Dear all,
i made payment to our forwarder for container storage charges in Dec'20. They gave a bill like tax invoice cum debit note instead of tax invoice. while checking our 2B,that above mentioned bill shown in debit note column because they put the bill under debit note instead of B2B column of GSTR-1.
so i can't take ITC for the above bill during the month. hence they told like "that every bill is system generated through IRN,so we can't change like manual".
now the issue is
1.whether shall i take ITC for the bill even though they marked as debit note? or
2.shall i inform them to amend changes in the bill?
kindly rectify me the problem.


CA KHUSHBU PATEL



WHAT IS THE CUT OFF DATE FOR CONVERSION TO NEW SYLLABUS TO APPEAR IN MAY 2021 EXAM
IN NEW REVISED SCHEME?


Pravat Parida
29 January 2021 at 11:17

TDS u/s206(1H)

We have two units, one unit supply goods exceeding Rs 50 Lakhs per annum to customers and deduct tds u/s 206C and another unit supply Goods cover u/s 206(1H) less than Rs 50 Lakhs supply, wheather tds is applicable U/s 206(1H) ?


Yogesh Rathod
29 January 2021 at 10:06

Schedule vii a budget format in excel

Hi, Can anybody send me Excel Sheets of BUDGET IN Bombay Public Trust Act Forms.

Thanks,
Yogesh


KALPESH ABHANI
29 January 2021 at 09:57

AOP Agreement

Is there any format for AOP agreement ( other than trust ) , which Amount stamp paper required for Agreement






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