Hello Respected Members,
I have one doubt. If person is having turnover below 2 cr but more than 1 cr and showing profit less than 8% as prescribed under section 44AD of IT Act,1961. He is doing Audit u/s 44AB(e) clause as it is less than 2 cr

this type of Audit will be counted in 60 Audit or not

Kindly give reply

I am a Consultant working only for one company. I wont come in company payroll. I provide bill every month and get my remuneration. I am senior citizen and having an exemption certificate of Rs. 300,000



Which ITR form I should use? pls guide me

Please let me know how can I check pvt. ltd. company TDS refund. we had filed balance sheet FY 2017-18 on 30-Oct-2018 and there was TDS refund, so want to check the status.

Kindly help.

Thanks
Amit

Gm all.

My brother( salaried income) filed fy 2017-18 income tax return ., he has received the 143 (1) with demand sir . we have compared with our return ,return of income matched but we claimed tds as per 26AS but they had shown tds low amount. it is not matched with our return . Now We have verified with 26AS as on date for the year 2017-18 .it is matched with our filed income tax return figures , How can we approach to department to rectify the our return copy .kindly give your valuable advise sir,

Thanking you,

Please study the following case and guide me.

I came to do accounts of a religious org ..it is non profit company registered under ROC.

But I found that there are transactions of students group ( Youth division) run by students inside it carrying on students religious activities.

Transactions are below 50000. Only accepts donations from people and spending it for their activities..ofcourse religious activities.

But these donations are not receipted in Organizations main receipt book and expenses not recorded in non profit company s main payment vouchers.

They have their own receipt book and payment vouchers..

Since their transactions are low.they are not having bank account.but keep in cash.

But all transactions are below 5000 or like.

My question is

Can we incorporate these transactions while preparing the accounts of Non profit company even if they are maintaining separate receipt book and payment vouchers and they are having seperate cash book.

In others words whether if these transactions are receipted in main receipt books only, can we include the same in Non profit company financial statements.

Sir /Madam,
I am a trader registered under composition scheme of GST. I deal in sale of books, note books, writing materials, etc. As we know, printed books are zero rated and other above said items attract different rates of tax.
I need your suggestion with regard to calculation of my GST. Whether I need to pay GST @ 1% on turnover including sale of printed books or it is 1% of taxable sales only?
I shall be obliged for your kind response in this regard.
Thanks & Regards,
Purusottam Panda

Why not closing stock shown in trial balance ???

Respected Sir,

Please guide me on such situation which is really for me an headache,

One of my clients has dispatched the goods on such a GST Number cancellation letter for which has been submitted but the said GST Number is still active. The customer is not agreed to clear the consignment at the said GST Number because of the submission of the cancellation letter. The customer is afraid of penalty.

My quiery is Can I take input credit on reverse charge(GTA) as a service receipient 5% and 12%. How to show reverse charge(GTA) on GSTR 2 because GSTR 2 not open in service receipient,then how create self invoice for GTA service in GSTR 2.please help me.thank you.

Hi

can any one suggest me in the below issue.

One of my friend has not done his GST migration before due date. now his GST has been cancelled. since it is showing provisional and the user ID and password allotted has not even activated we are not able to log in to page.
there is a liablity of Rs 200000/- my friend has to pay as output tax.Please suggest what way we can close the matter.