Saurabh Bhardwaj
25 August 2017 at 23:56

Import export code

My IEC application is rejected due to following reason.
1. You have not uploded address proof on the website as per trade notice no. 18 dated 12.2.2016.
what should I do please respond???


KUSH
25 August 2017 at 23:55

Depreciation

if an asset is fully written off to the extent of 95%, will the scrap value will appear in the balance sheet or nil?


SUMIT KUMAR SINGH
25 August 2017 at 23:39

Reg. under 2o lakh

what i fill if i want to reg. in GST and my income is less then 20 lakh which point is notebale during registration


Shiv Karwa
25 August 2017 at 23:17

Nil rated item

Which item has nil rate tax
We are facing confusion between nil rated and examt
Flour and pulses are exampt or nil rated
Plz confirm


Sundeep mehta
25 August 2017 at 23:12

Reverse charge mechanism

I am a composition dealer .my shop rent is 10000 per month and I pay it on a single date say on 1st of every month to the landlord who is an unregistered person..my question is
1.wil the rent I pay on a single date would be calculated as 10000 as expenses on the day which I pay or average per day ie 10000/30 wil be the expense .
2.if the expense is on daily basis and if I pay the rent in four parts to the land Lord in a month on different 4 dates say rs 2500 on 4 diff dates ,wil I need to pay Gst ?


Puja Jha

Under GST if process undertaken by the job worker amounts to manufacture/deemed manufacture of goods then such job worker is eligible to opt for composition scheme

Nature of Job Work undertaken by us:-

We are engaged in amateur coil winding
We receive copper wire, stator and other materials from the principle and then we do amateur coil winding. This is then again sent to the principle for assembling of the Fan.

Query:-

1. Is Composition Scheme applicable to us?
2. What is the rate of GST applicable?

Please help us on this issue at the earliest.


suresh84
25 August 2017 at 21:37

Income tax return

Dear Sir
I had filed the filed the return for the AY 2015-16 but actually return to be filed for the AY 2016-17( return filed in September 16) now I had filed the return for the AY 16-17 pl give me the sujection.


Mohd Sartaj
25 August 2017 at 20:32

Sec.44ad

Dear sir
If an individual engage in coca cola distribution business and his turnover less then one crore but his total income less then exemption limit (200000)
But income 1.0%-1.5% only
Now question that person liable to audited accounts or file returns compulsory
Otherwise not require return & not maintains accounts


Yuvitha
25 August 2017 at 20:21

TRAN 1 QUERY

Dealer is a registered person in vat now in gst also... No Interstate transactions.. Has excess ITC for June month under vat.. Is he required to show details of stock held in TRAN -1???? If so where??? Kindly consider this and give your suggestions.. Thanks in advance...


rrtayal

This religious public charitable trust registered under Bombay Public Trust Act 1950 has many associated temples and institutions across the world. However it has no financial interest in any of these associated temples or their property.
The Board is considering purchasing property in the UK directly to develop into a temple. This is something consistent with its Objects as a public charitable trust.
What are the income tax implications of this from Indian perspective?
It would be purchasing this property from existing accumulated funds in India.
The the Income Tax Act and Section 11 and 12 might be relevant here but this is something I was unable to comprehend.
Thanks for your help





CCI Pro
Meet our CAclubindia PRO Members


Follow us


Answer Query