DEAR SIR,

ONE OF MY CLIENT SOLD HIS LAND ABOUT 3000000/- AND HE HAS INVESTED THE WHOLE AMOUNT UNDER CAPITAL GAIN ACCOUNT SCHEME 1988. SO MY QUESTION IS WHETHER AFTER MATURITY OF THE INVESTED AMOUNT CAN BE UTILIZED FOR HIS PERSONAL NEEDS OR NOT OR HE HAS TO INVEST ANOTHER RESIDENTIAL HOUSE PROPERTY U/S 54F.

PLEASE CLARIFY ME

REGARDS

SIR, MY BUSINESS TURNOVER FOR FY 2018-19 IS 5841000 /-& I AM FILING RETURN AS REGULAR TAX PAYER . I PURCHASE GOODS FOR TRADING AMT 5000000/-+ GST 900000/- TOTAL 5900000/- , I SOLD 4500000+10% MARGIN 450000/- = 4950000/-+GST 18% 891000/- TOTAL 5841000/- , NOW CLOSING STOCK IS 500000/- , CAN I TAKE COMPOSITION SCHEME FOR FY 2019-20 . ( MY TAX LIABILITY FOR 2018-19 OUTPUT 891000 - INPUT 900000 RECEIVABLE 9000 ) ,

Sir,
We have awarded a work contract from a company at the rate of GST 18%. But now the company is asking the GST rate is 12% instead of 18%. It is a central government work executed by the said company, they gave sub contract to us. They are referring an advance ruling no.KER/14/2018 dt.26.09.2018.

Please advise on the matter at the earliest. whether the GST rate is 12% or 18%?

Today we are filing GSTR-3B for the month of Mar-19.
Interest will be applicable or not???
If applicable then how many days we have to pay interest and what is the rate???
We calculate on output tax liability or outstanding of tax payable???

Please clarify..

Sir,
Whether employer contribution to Pension will be included in Gross Salary.
And Whether deduction can be claimed on employer contribution to Pension and under which section .
This pension is of EPFO Scheme.

My husband who was working as Divisional Engineer in TN Electricity board died while in service. He was 57 years. They have settled his retirement benefits to me as spouse. I am 50 years old. I want to know whether I can invest his retirement benefits in Senior Citizens Savings Scheme. Can any one clarify this please.

R/sir
My query are:- 1 Can be change any figure in auto populated GSTR-9.
2. HSN wise summary of outward/inward supply is manodetory to be filled in GSTR-9 or optional
3. can be filed GSTR-9 without payment of demand in GSTR-9 due not reflected of ITC in GSTR-2A

Thanks to all experts

Hello. I own a private unlisted company with only myself and my wife as equal shareholders. I have a colleague who was my equal partner in a partnership firm which we liquidated and shared the proceeds. Can I take him as a Director in my company. He will continue to work in the same role that he does now. Do I need give him a share of my holdings as he does not want to make any investments whatsoever?

Sir,

We want to use the surplus amount in our company and we all 4 directors of the company are in blood relation.
Can the company give an unsecured loan to a 3rd person (say my friend) and a director takes back it from friend in shape of an unsecured loan?
Does this violates the provisions of the new companies act ?
Or any other method to use the surplus amount in the company

One of my client is registered as Regular taxpayer under gst and doing garment business retail shop now decided to do eCommerce business like amazon so he took another gst number as TCS for eCommerce business as he thought that supplier directly sell to customer only payment he receive so he registered as TCS now he changed is decision as he himself bill in his name with gst and supply to customer now he want to know
1) whether he want to take one more gst as taxpayer for eCommerce business
2) name of the retail shop is different i.e X stores and name of the e-commerce business is Yecommerce business so another GSt he has to take for Yecommerce business as if he is proprietor for both business
3) he is going to sell all over India on eCommerce business on registration is enough as if his business place in Tamilnadu or separate registration is necessary for all the state or he can sell from Tamilnadu by IGST tax.
Please Clarify