A RCM credit is shown in my GSTR2A of October 2020, Taxable value=1000, CGST=25, SGCT=25 of TCI trasport, Kerala. Can I take credit of this amount. How can treat this credit.

Hello everyone,

I pay salary to some employees under my proprietorship (IT services only business) and get the audit done. But is it required for me to deduct TDS on salary of employees for whom salary is below INR 5,00,000 per financial year?

Looking for your help. Thanks

Dear Experts,
Pls tell me the due date of TDs return 26Q for the period 01/07/2020 to 30/09/2020

Thanks
Nikhil

My turnover for FY 2019-20 is Rs. 85,00,000/- and profit is below 6% of turnover, whether tax audit is applicable ??

Can a transport contractor (He is not owner of any vehicle, he use to take vehicle on hire for his contract business) declare profit u/s 44AD ?

What should be the accounting treatment of Stamp Duty on purchase of Mutual Fund both in Corporate A/c and Individual A/c. Please Advise

Dear Sir,

I have a rented commercial apartment in which I am the first holder and my mother is the second holder.

We have divided the rental income equally between both of us but all the installation payments for purchase of the property were made by my mother's bank account.

Is it necessary for me to show the property in my books of accounts as all the payments were made by my mother on my behalf and at present the entire value of the property is reflected in my mother's books of accounts.

We file our income tax returns under individual capacity U/s 44AD.

Please help me regarding this matter.

Regards,
Divyesh Jain

Dear experts,
We are registered as regular dealer in gst. One of our party are composition dealer in punjab. we received goods return from the party last week having amt. above 1 lac. but party only give us Bill of supply and not generate any eway bill against this and also not inform to us about the matter.
so my query is that how should we treat this now.

Dear Sir,
We have made the investment in Mutual fund (debt) of Rs. 100000 In FY 2019-20

Is this investment taxable....

Thanks
Nikhil

WHAT IS API? WHETHER EACH AND EVERY INVOICE JSON FILE TO BE UPLOADED ON PORTAL?