Hi Experts,
Please guide. A full time Director who is withdrawing monthly Director Remuneration and also doing his personal business, can file ITR U/s 44AD for his personal business ?

Dear Experts, I have a small query regarding section 270a, if someone has not filed his return does in that case will it be considered as Under reporting only or can it also be considered as Misreporting?

Thanks in advance

Dear Expert,

We receive a service invoice pertain to the month of Apr.'20 with bill date 30.04.20. We are going to proceed the same in our accounting system at now i.e. 29.09.20. What's the TDS rate will be applicable in such invoice. Whether its 2% or as per amended rate from 14.05.20 i.e. 1.5%. Kindly confirm.

SIR
We are private Ltd company and have completed first year of business. We have to conduct the AGM within 18 Months from the date of incorporation (i.e) before 30-09-2020. Unfortunately, We could not finalize the accounts due to covid-19. Can we conduct AGM after 30th Sep 2020?
Plz guide me sir
thanks in adv

Respected Sir/Madam,

A person who is a CFA wants to claim Profit below the 50% of gross receipts during the year. He has not availed presumptive income section (Sec 44ADA)in any of the preceding years in his ITR. Should Tax audit applicable to him in current year considering the fact that he is claiming less profit mentioned u/s 44ADA?

Thank you

Respected Sir,

Can a other Chartered Accountant take Tax Audit without any concerned of previous auditor in proprietorship firm. ?

Hi sir/madam,
This is in relation to F.Y. 18-19.
The issue is that in gstr 2A (Feb'19) supplier has wrongly charged CGST & SGST(the sale was inter state), but we correctly filed gstr 3B with taking ITC as IGST.And the supplier hasn't corrected the invoice till now. Now that ITC is not showing in table 8 of GSTR 9 saying that ITC is not available. What should I do then? Should i file the return as it is?

Respected Sir/madam,
GSTR-9 ITC MISMATCH HELP.

EX. AS PER GSTR-3B ITC - 100000 YEAR -2018-19,
BUT 2017-18 ITC RS.25000 CREDIT INT SEP-2018 GSTR-3B.
AS PER BOOK ITC 2018-19 RS.75000 AND GSTR-3B = 100000/-
DIFF RS.25000/- KAHA SHOW KARNA HAI.

Dear Sir,
We are Manufacturers and scrap generated will be sent to our supplier,who is also manufacturer. Can we charge TCS on this scrap sales? if yes, at what rate we will charge?? Pls clarify.
Thanking you

Is tds is deductible on gold purchase in cash or credit card? what is limit?