CAN I SHOW THE CAPITAL GAIN OF MUTUAL FUND IN ITR 1 U/S 10 WHICH CAPITAL GAIN IS LESS THAN R.S. 1 LAKH ?
A gst registered regular scheme dealer round off income Rs:50,600/-
Received.
Question:
Round off income gst applicable or not applicable.
One of the conditions of composition is that a dealer should not have his stock of CST purchase as on 01.07.2017 to opt for composition. What if a dealer by mistake forgot to account an interstate purchase during a pre GST period and the same is unearthed by the assessing authority? Be it a namesake purchase of Rs 1.00? The condition for becoming a composition dealer is violated. May be without his knowledge an interstate dealer billed a sale on him. What would be the consequences? It would make lots of sense if an assessment is made on his pre GST registration without tampering his composition status. Only small dealers who sell goods to the ultimate buyers would follow the composition scheme. If his composition status is annulled how would be the assessment procedures?
A Firm has a turnover of Rs. 3 crores and satisfies the condition regarding cash payments / receipts being less than 5% of turnover.
My question is whether the firm can declare income less than 8%/6% or loss and still not get its accounts audited and file its return?
As the limit for section 44AD is turnover of Rs. 2 crore.
Dear All,
Request you to kindly guide if an NRI CA can open a proprietorship firm in india with a full time paid assistant. If yes whether the firm will have a separate bank account (NRO account) or will it be in the name of the CA?
Dear Sir,
Pvt Ltd company has given property on rent. Such rental income is offered under house property income. I want to know that on such rented property depreciation is provided in books of account as per company act 2013?
Dear sir
my claint take composit Registration 06/08/2019 FY 19_20.at present HE want to convert Under REGULAR scheme,AFTER CONVERT TO REGULAR SCHEME can he take ITC OF CURRENT FY 20_21 FROM APRIL 2020 INVOICE ?OR FROM WHICH DATE HE WILL ELIGIBLE TO TAKE ITC
ONE INDIVIDUAL HAVING SALARY INCOME OF RS 20 LAKHS AND LOSS FROM INTRADAY TRADING IN STOCK MARKET (SPECULATIVE) OF RS 30000/- WHETHER HE HAS TO MAINTAIN BOOKS OF ACCOUNTS AND GET IT AUDITED U/S 44AB??
A gst registered composite scheme dealer purchases of some goods .seller invoice details mentioned below:
Trade name :xxxxxxxxxx
Bill of supply
Invoice no.130 , Dt:20-08-2020.
Aadhaar no.xxxxxxxx
Turnover below 40 lacs
Invoice value :35,400/-
Question:
Dealer above mentioned invoice shown in gst returns accepted under gst act.
GST LIVE Certification Course - 42nd Weekend Batch(With Govt Certificate)
GST Input