CA VENKATASWAMY

Hi all, What is the basic exemption limit for Trust not registered under sec 12A ?

Donations and Contributions received from trustees only then under which head it was taxable, what expenses are allowed as deduction from these donations ?

Which ITR form is to be filed in the case above Trust not registered u/s 12A ?

Assume total Receipts not exceed 20 lakhs


Kollipara Sundaraiah
01 October 2020 at 09:20

Tax audit sec 44ab

Assess turnover below 1 cr limit and profit below 8 /6% . whether tax audit required f.y.19-20


Income Tax Helpdesk

SIR,
I HAVE RECEIVED SUBSIDY FROM NABARD FOR CONSTRUCTION OF RURAL GODOWN LAST YEAR. THE GODOWNS WAS LET OUT SINCE BEGINNING AND I AM SHOWING INCOME FROM HOUSE PROPERTY.
IS THE SUBSIDY IS TAXABLE OR NOT THIS YEAR??

PLEASE EXPLAIN AS I HAVE TO FILE RETURN FOR THIS YEAR.


Monika Khadayate
30 September 2020 at 21:19

Journal entry

6. Sales Invoice towards Professional Fee of Rs. 45000 including GST. Provide the details journal entries with considering the GST and TDS.


Monika Khadayate
30 September 2020 at 20:34

Treatment in balance sheet

We have paid Rs 1,00,000 on 01st December 2018 as annual license cost for using a software. Subscription starts from 01st Oct 2018, how this will reflect in balance sheet of 31st March 2019.


Vishnu priya
30 September 2020 at 20:33

New Registration

I have applied for GST registration for LLP. I have given information of one partner who is also an authorized signatory ,in registation form. However i got a notice for
"Promoters/Partners - Identity Information - Others (Please specify) - Details of partners if any".
Is this notice given,because details of only one partner is given ? And if i want to add a partner now, where will i have an option to add?. Or else, Is this notice is because of some other issue?.
Please guide me. It is very urgent..Please


Sujit Kumar Sahoo

Dear Sir,

I have received Rs. 15,63,286/- from a private limited company towards custom duty payment in ICE Gate on that organisation I am working as an accountant.Can I deduct t.d.s towards municipality taxes payment and custom duty payment which amount I have received in my personal bank account.


Sonia Gupta
30 September 2020 at 19:03

Issue related to GSTR 1

I had issued an invoice in the m/o of Feb 2020 and I forgot to furnish the details of that invoice while filing GSTR 1 of Feb 2020. Further my client has taken ITC of that invoice.

If anyone knows how can I resolve this matter, pls help. I appreciate the information and advice you will share. I wanted to thank you as soon as possible.


TARIQUE RIZVI
30 September 2020 at 18:04

Sales Turnover Limit for the ay 20-21

Respected Sir

Sales turnover for the year ending March 20 is 1.67 Crores. Whether tax audit is required ? Please guide me sir,


DEVI SINGH PARIHAR
30 September 2020 at 17:59

E-WAY BILL

Whether EWay bill is require to transport Cattle feed (HSN 2309) GST exempt items or not . pls reply.