my total income 838064/-
deduction- 150000/-
Taxable income 688064/-
above 500000 taxable income -688064= 188064/- taxable (20% ) 37613/-+12500+2005/-= 52121/- TDS- 5000/-
tax payable 47121/-
tax decrese solution ?

Sir
We sold the product to a party. They received the product and tested the quality of it. It got failed. The party wants to return the product to us. What are the conditions to be followed in case sales return? Kindly advice me. The Value of the product is Rs. 98240/-.

As per IMO (International Maritime Origination) LSS charges( low sulfur Surcharge) is applicable from 1st Dec,2019., and RCM is applicable on Ocean Freight, i need to pay RCM on LSS or not?

Whether a soleproprietoship business can use the word "company" in their name?

Respected expert, what is the accounting entry for pradhanmantri aavaa yojna subsidy received by individual?? Bank account debited , but what should be in credit side either home account or capital account???Plz clarify

Client who has standalone restaurant (chaats, fast food and beverages) has opted for regular dealer and not composition and has been taking ITC .
1.Is ITC available on restaurant which serves chaats, fast food and beverages?

We are manufacturer sending our Inputs for Job Work and after receipt of the material from the Vendor some of the Components are rejected in our Premises because of that components are not able to send to our customer.

We required to recover the cost of rejection with materials cost from Vendor.

In GST how to treat this issues

an individual is taxed in 30% tax bracket. he is also Karta of his HUF. To save tax on FD interest he want to give gift money to his huf and do FD from HUF account. I have following questions related to this.

1 . is this gift allowed under income tax act..

As per my knowledge its not taxable in the hand of HUF.

Read with section 56(2)(X) AND Relative definition under explanation to clause (VII)
e) Relative means
(i)......

(ii) in case of hindu undivided family, Any member thereof.


Thanks in advance

ONE OF MY BUSINESS IS TRADING IN UTENSILS. AND OTHER BUSINESS IS OF JOB WORK. DO I HAVE TO REGISTERED BOTH BUSINESS IN GST? OR I CAN TAKE ONLY GST REGISTRATION OF TRADING IN UTENSILS AND RUN JOB WORK BUSINESS WITHOUT GST. TOTAL TURNOVER OF BOTH BUSINESS IS BELOW RS 20 LACS. ACTUALLY I WANT TO TAKE ONLY GST FOR UTENSILS BUSINESS NOT FOR JOB WORK.

If in the year 2017-18 while filling return GSTR-3B output tax is entered more than Actual Output tax and higher Tax has been paid by utilizing ITC balance in credit ledger. Is there any Way to Correct the Data and get the difference amount Refund or any other way to get the same ??

Thanks and Regards