Hi,
We have make the AMC payment to the vendor on half yearly basis. the vendor raised tax invoice on 01..01.2020 for the value rs 106200 for the periods Jan'20 to Jun'20. and accounting entry would be:
Advance ac dr : 90000
CGST Dr : 8100
SGST Dr : 8100
Vendor Cr : 106200
Every month we have cleared this Advance GL and Transfer to AMC account upto 6 months ( Upto Jun'20).
My doubts :
01. They asking payment upto Jun'20 period but raised Tax invoice with GST. Is this correct.?
02. My team leader told, If they raised tax invoice, no need to ask proforma however we have paid GST and they filled GSTR 01 for the value 16200 and we can avail immediately. No litigation issue happened in future. is this correct.? Please clarify me.

One of my clients has invested in SBI Platina policy, Annual premium is Rs 1 Lakh which is Deductible U/s 80C. At the time of the year of maturity, he will get 13.44 Lakhs. SBI claimed that it is covered under 10(10B) and therefore it will be a tax free income. So after receiving the Maturity amount, how shall I show the income in ITR?

I would like to know the tax compliance if I possess two or more house property but none of them are let out. Is it necessary to show in Income tax return? If yes, then How? And no income is being generated from those houses

Sir/madam'
I have a residential property in mumbai jointly held with my mother, My mother is the first name and me as the second, my mother passed away recently, how do I bring about the necessary changes in the share certificate is there a form for this. Please advice

Respected Sir,

What is the definition of Section 139(5) of the I-T Act ? As in which situation support of Section 139(5) of the I-T Act is taken ? Please guide me and oblige.

In ITR 2, when we choose non resident for individual , then we are asked to give jurisdiction of residence. one of the choice in jurisdiction of residence is India. How is this possible? which non-resident has jurisdiction of residence as India?

TRANSPORTATION LOCATED IN DELHI, BUT HE LIFTED GOODS FROM PUNE
AND TRANSPORTED GOOD TO KARNATAK PARTY. BUT BILLED TO PUNE PARTY .

WHETHER IGST RCM APPLICABLE OR CGST,SGST APPLICABLE

I had registered for ICWAI in 2009 at Kottayam Chapter under 2008 Syllabus. I completed oral coaching at chapter and got Oral Coaching Completion Certificate. After 1 attempt I dropped the course due to my personal reasons. I would like to complete the course now. I applied for revalidation Coaching on 04/06/2018 and was valid only upto Dec.2019 examination. Can any one guide me next step to appear in June 2020 inter exam. What may the Syllabus. Can I apply for Denovo or Apply for Revalidation. What may the fee? It will be helpful if I got a Step by step process.

At the end of the FY, Provision for Audit Fees has been made with out GST in the books of accounts say Rs. 3000. When the auditor has issued the invoice of audit fees Rs 3540/-, how to make the entry of GST portion in Tally, so that it can show in my GSTR 3B Form in Tally..

Here client is a registered person (under GST)

Please tell me the journal entry in details ..


Thank You

sir following questions are related to Trust NOT registered U/S 12A;
1) trust deed specifies that income of the Trust is not to be distributed to the members' of the trust, so can v assume that the members' share is determinate while filing ITR 5 treating the unregistered trust as an AOP?
2) the trust is mainly run by members' contribution, so can member's contribution be treated as income or does it form part of corpus fund?
3) are expenses done towards charitable activities allowed to be deducted from the members' contribution ?
4) if none of the members' income does not exceed basic exemption limit, and AOP is taxed at individual slab rates, whether tax is computed on net income after deducting all the expenses or gross receipts ?

Kindly help regarding the above issues and also any other valid point relevant.
Thanking you in advance.