Hello,
What happens when a transaction gets reported in AIR ? Is is compulsory that IT department will pickup for Scrutiny ?

this year i have redeemed all my mutual funds from 2-3 fund houses and made a single transaction greater than 10lakhs so i will have transaction in AIR.

What will happen , please guide ?

Hi,

I am handling a client which is a fully subsidiary of United States company. The main object of the company is to provide services from India to different countries in the world. It is a IT sector company and mainly have cost related to payroll, fixed assets, and office expenses. Transfer pricing law is applicable that is cost plus 15%. Now i have some queries related to sales and invoices,

1) Is it mandatory to raise Sales invoice every month and if yes then is GST applicable?

2) Since last 1 year the company has not mentioned IGST on their invoices and they have not even filed LUT for the same.

Please suggest me what to do for now and how can we rectify the mistakes for last year.

At the time of Company Incorporation through Spice+ , did we need to file Agile pro even if the company does not require to get registration under GST, EPFO AND ESIC and if yes then how we will proceed as their is no option in the form for EPF and ESIC that whether we want to get registration or not

Is due date for GSTR1 MARCH 2020 EXTEND?

Dear All,

1) I want to know about filling procedure of form 10FA with Assessing officer i.e whether we can filing online or how we can filling.

2) What documents required for attached with Form 10FA.

Kindly advise

Thanks in advance

Rohit

Sir,
One I.t. assess made payment for construction of commerical building .
1.Cash payments Rs.7,50,000/- ( all payments are above 10000/- limit)
2.Rs.9,00,000/- through on account payee cheque.
Question:
Cash payment value Rs.7,50,000/- including construction account allowed or not.
Cash payments value amount depreciation claimed eligible or not and accounting entries passed.

Dear All,

1) I want to know about filling procedure of form 10FA with Assessing officer i.e whether we can filing online or how we can filling.

2) What documents required for attached with Form 10FA.

Kindly advise

Thanks in advance

Rohit

Dear Sir / Madam

What is the GST rate of tax of Cement Hollow Blocks ?

Pl suggest me

Sir our client Municipal Corporation, Ananthapuramu, Andhra Pradesh have purchased Bleaching power and other chemicals for spraying them in town for sanitation purpose. Can Municipal Corporation claim ITC on the above purchases while they filing GSTR-3B return

Sir/Madam,

If an assessee (Proprietorship firm) has a turnover below Rs.1 Cr and last year Tax Audit was conducted (First time audit). My question is whether TAN has to be applied for this year where turnover is less than 1Cr and last year tax audit was done. Please guide.