Dear sir

My net sale is Rs 55.00 lac
Net profit Rs 5.40 Lac after taking the credit notes issued by suppliers under various sale promotional scheme and cash discount of Rs 3.85 Lac in profit and loss account.

Can i am eligible to file ITR U/s 44AD

Thanks

Son in law is receiving gift from his in laws after marriage.
Whether son-in-law is considered as an relative in Income Tax Act?
Is such gift taxable in hands of son in law?

i made sale of rs. 42000 in march 2019 month but not shown in gstr 3b but show correctly in gstr-1
and above 42000 sale shown in April 2019 month.
now my gstr -09 mismatch with 42000
how to rectify above problem
wht to do in gstr9

please help

Importer has paid igst on import of goods through courier mode and received bill of entry for import of goods. Query is that Can we take ITC of IGST paid on import?

Please provide me format of Co-operative Society Audit Report.

Thanking you

Kindly suggest what is the last due date for filing of GSTR-3B for the month of March 2020 and also for payment of GST for the month of March 2020. Our turnover is above 5 Crore.

Sirs,

The problem is aw follows: There are two directors in a Pvt. Lt company. One of the directors requested for transfer of x amount to another PVT. ltd company where he is also one of the directors.
The directors are mother and son and no creditors as the company is new.
The accountant simply transferred the x amount say Rs. 1,50,000 to that company, say in January 2020.
It was detected now.
If we treat this as drawings then it should be treated as remuneration and TDS had to be deducted which has not been done.
How do we treat this transaction in the books of accounts?

I want to know whether fees paid for MBA or PGDM to Indian institutes can qualify for tax exemption for children( for eg Narsee Monjee/ Welingkar/Symbiosis etc).

If I have applied for these courses, can I claim exemptions?

SIR,
When trying to create file on 24 Q return using RPU utility,error message file already exists,replace file? appears and can not validate.Kindly advice.

Dear Experts,
Earlier FY extension circular was issued by RBI. Kindly clarify whether FY 2019-20 has been extended till 30/06/2020 or it is as usual up to 31/03/2020! notification or circular thereof if any,

Thanks & regards
Vishnu shakya