santosh
12 May 2020 at 12:11

Which ITR should choose

One of my client has received commission and also business Income as per 44AD then ITR 4 is correct form IT return


CA jignesh daiya
12 May 2020 at 11:53

PROVIDENT FUND AND ESI PAYMENT

Respected sir

our one client have deducted 20% from salary for April month due to Lockdown.
they want to know whether they can show this 20% deduction for statutory liability like Pf and Esi also ?
how to show this 20% deduction ?
please advice fast



CA Kamlesh Mehra

Hi,
My question is as follows,
Is TDS required to be deducted on Payment made by a company to a Drug Rehab Centre? Drug Rehab Centre is a society registered under Manipur Society Registration Act, 1989. It is not formed by Government. The payment is not for employees and also not donation. It is for the welfare.
Please reply.

Warm regards.


sherin
12 May 2020 at 11:03

Gift

What is the account entry in parent company books for gift given to the employee of subsidiary company


Rahul
12 May 2020 at 10:58

ITC OF EXPENSES

Can we claim ITC on just dial Subscription.


VEnkAta krisHna Marri
12 May 2020 at 08:32

RELATING TO CREDIT NOTE

Good Morning all,
I had a query relating to GST Credit Note.
I Purchased 1000 Cement Bags @ 200/- i.e., 1000*200 =200000 (Purchase Cost)per bag and later the supplier issued Credit Note for the Rs.15000/- for the same goods,
Now My Purchase Cost becomes Rs.200000-15000=185000 that is Rs.185/- per bag.
I Sold these at Rs.195/- per bag in Retail to Customers.
The Problem is, At the time of Purchase i will accounted as Rs.200/- per bag (1000bagsX200=200000) .
The Credit note given by the Supplier had no effect to cost of per bag ( Directly reductionn in Purchase Value and no effect in Good Value).
In My Books , the cost of Cement bag is Rs.200/- and Selling Price is Rs.195/-
But actually i'm selling for Profit for Rs.195-185 =10/- per bag.
My Question is How i need to give this credit note effect to my Stock price ?
Can anyone say the answer.


siddharth gaur

Whether Air ticket exp. of NRI who came to india to sell a property be allowed as deduction in capital gain calculation as it is written in capital gain' provision that travel exp wholly exclusively for transfer is allowed???


SRINIVASA RAO P

Will there be any further extension of filing TDS returns for Q4 of F Y 2019-20 since it has already been extended from 31.05.2020 to 30.06.2020 on account of lock down.


ArpanGoenka
11 May 2020 at 21:37

Www.startupindia.gov.in

My firm formed in 2017 and registerd under msme. Since its small , its proprietorship. I want to register under www.startupindia.gov.in which is under DPIIT. Now few CA told me propreitorship cant register. Pls confirm.


arvind r shah
11 May 2020 at 20:21

TAX AUDIT

My t/o gross receipt less than5 crs, conditions of cash receipt 5% & cashexp 5% satisfied. Whether TDS provisions are applicable if t/o /gross recpt are more than 1 cr in previous f.y.? Fy in question is 19-20.