Dear members,a pvt ltd company has earn net profit of rs. 6 crores in financial year 2018-19 but in previous financial year 2017-18 and 2016-17 and 2015-16 it has a loss in the business if csr rules applicable in the company, if yes what is the date when the csr commitee has been established?
is it compulsory for filling qtrly nil return for TDS ? if no dedcution in 1 Qrt.
MY QUESTIONS ARE
1. HOW TO CALCULATE TURNOVER
2. IF LOSS OR PROFIT LESS THAN 8% OF TURNOVER, THEN AUDIT APPLICABLE OR NOT
3. WHICH ITR.
THANKS IN ADVANCE FOR YOUR REPLY
Dear Sir,
We have got the services from transporter. where transporter has been paid Rs.4662/- UNDER reverse Charges. same amount Rs.4662/- reflect in GSTR-2A and same amount shows in portal liabilities due to reverse charges Rs.4662/- so that means we need to pay ?
Kindly guide
Dear Sir,
please tell me about whether Tax Audit Applicable u/s 44AB or not, my client income from Business under section 44AD Rs. 158795( i.e 32% of Turnover Rs.4,95,044, more than 8% as per 44AD(1)) & my other Income is Rs.103359, Gross Total Income Rs.262154. Chapter VI Deduction Rs. 54317 (LIC 30317+Donation 24000) hence my Total income chargeable to tax Rs. 207840.
as per above case whether Tax Audit is Applicable or not ? please tell me.
( A person covered under Section 44ADA is required to get his books of account compulsorily audited u/s 44AB if such person claims that the profits and gains from the Profession are lower than the profits and gains computed in accordance with the provisions of section 44ADA(1) AND if his income exceeds the maximum amount which is not changeable to tax (i.e basic exemption limit).
We have service provider due to some problem we have not paid GST payments Apr.19. Our Service receiver hold the payments due to non filing of GSTR3B for the month of Apr.19.
My query is can service receiver hold the payments due to non filing of GSTR-3B. We have already filed GSTR-1 B up to June.19.
Pl. give your opinion
Thanks & Regards
L.D.Dharmadhikari
House rent allowance is available in salary but the assessee has forgotten to deposit the receipt of the rent, so the rent was not accounted by the employer in Form 16. If we are claiming through section 80gg then Rs. 60000 / - deduction is coming. Whereas the total rent of Rs. 134000 was paid by the assessee. please suggest, how can we claim ?
ONE OF MY STAFF ENTERED SALE VALUE AS Rs.3,50,000 (CGST 31500 + SGST 31500) IN GSTR 3B. ALSO ENTERED ITC AS (IGST 17500; CGST 33400; SGST 33400).
BUT ACTUAL SALE VALUE IS Rs.33,500 (CGST 3015 + SGST 3015). HIS ORIGINAL ITC AS PER CREDIT LEDGER IS Rs.8500 ONLY. HOW TO RECTIFY THIS. PLEASE GUIDE ME.
In may 3B exempt supplies was not mentioned in 3B but in R1 i have showed the same. So now in June 3B can i show the exempt supplies of both May and June. R1 of May and June is correctly filed with respective amount of Exempt supplies.
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