Practical Aspects : application of income meaing of  Application of amount may be of revenue or capital nature.

Example 

Preparing Receipts and Payment 

Total Receipt excluding opening balance of cash and bank and receipt including loan amount . The considering application of income of trust 

CAN ANY ONE SHARE AUDIT REPORT FORMAT OF RELIGIOUS TRUST UNDER TRUST ACT

1. In GSTR-9 Bank Saving a/c and Fixed Deposit Interest recd. during the year is require to fill under exempt outward supply or not. and
2. In GSTR-9 column No. 16A Supplies recd. from Composition taxpayer- We have to fill supply recd. from Composition dealer only or total figure of supply recd. "from a supplier under composition scheme, Exempt and Nil rated supply" as per filled in Table No. 5 of GSTR-3B. pls reply.

Hi dear
How are you
1. My question that one bill generate 10000
Party name Subham tiwari and same time after Cheque give Rohit name when to bill generate subham name how jarnal entry

Respected sir,
We are engaged in business of milk sales which is exempt under gst, and turnover of which is apx 3.5 cr and we also have commission income amounting 65000 whether we are liable to take gst registration reason for that is when we refer definition of turnover it includes turnover of exempt sales. please clarify the same. if you provide with section it will be much helpful.

In 2017-18 3b and r1 shown output of CGST and SGST Rs. 81500 but actully it is Rs. 62500 I have entered in pt. no. 4A and $b Rs. 62500 what amount is required to enter in pt. 9 Tax payable which is automatically shows 81500.

Dear Experts,

Pls, suggest business code for a recruitment firm dealing in providing Recruitment services (not labour) of Permanent Employees to its clients.
Ours is a Sole Proprietorship. Out payments come in 194J. Gross receipt is less than 10 L in FY 2018-19

Unable to find the right business code in 44ADA, closest one is 16013 (Business & Management Consultancy) but in 44AD, 16019 for 'Other Professional Services' looks most appropriate, however, there is 16014 (Recruitment on Labour & Provision of Personnel) also.

Till last year we were filing in 0607.


Pls, help with your valuable suggestions.


Thanks & Regards
N. Sharma

Dear Experts
A Primary Agricultural Co Operative Society filed their return belatedly during March 2019 for A Y 2018-19. Now Intimation u/s 143 issued disallowing the claim of 80 P and taxes at Normal rate , In this case what is the remedy available to the assesee to get the relief of 80 P . Please advice

Our builder has told that GST would be liable to be paid on the corpus funds that shall be given to the members of the society if he pays us before receiving OC. Therefore, to avoid GST implication he is saying to take the corpus fund after receiving OC of the new building. I wanted to know whether GST is payable on such corpus fund if the builder pays us before OC? Any case laws on the same would be more helpful.

Dear Sir/Madam,
Please advice me; One of my friend is doing event management Co ordinator between Event Mgt company and Client. he has income of aprox 10 to 15 lakhs aprox.
Please help can show his income in 44AD and No accounts case or shall I prepare PL, BS and file ITR 4 regular business and professionall income.

Regards,
Dhananjaya