If a person have income from other sources (commission, brokerage etc but its not his business) but dont have income from salaries and income is less than 10lakhs , can he file his return in ITR-1? I have this doubt because ITR-1 does not ask different sources for income from other sources, but only total amount and i have different sources of commission and brokerage. so, i wanted to ask if i could file it in ITR-1?

Hi, When we book the air ticket for our company, we get invoice with GST. Invoice will have both the parties GSTIN.
Question 1 is apart from the GST mentioned in the invoice, do we need to calculate anything extra as RCM basis.
Question 1. GST already mentioned in the invoice, can we claims Input GST.
Can you please advise.

What is Special Purpose Vehicle (SPV) (please explain by an example) and is it possible that a SPV in India is having a wholly owned subsidiary outside india?

Dear Sir

Could you tell me

What is internal and external Audit

HI FRIENDS,

i have partership firm whose turnover is less than 1cr in A.Y 2016-17 and same business have given the remunation to the partner which is allowed as deduction under the Section 44 AD so i had selected the option of 44AD and filed income tax return,claim Loss but i have received the notice from the IT Department which says that you have claim Loss and you have not get the audit under 44AB.i have given the online respones but no action taken by them and same notice send us furthur

Please Resolve the Query

Dear sir,
We have Following inputs of GST :-
CGST 744
SGST 744

And output liability is :-
CGST 442
SGST 442
IGST 517

So adjustment as per me is :-
Input CGST 744
Less output CGST 442
Balance CGST left 302

Same treatment will be done even in SGST Hence balance SGST will also be left 302,

Now output IGST 517
Less output CGST 302
Less output SGST 215

Therefore CGST ITC become Nil and SGST ITC 87 shall be C/F,

Pls let me know whether above computation is correct if not pls do the correct computation & let me know the same?

Thanks In Advance
Rajeev Kumar

Hello everyone,

My name is ramya,seeking for help on behalf of my husband.He is a design engineer. He works for an Indian transportation company.Based on short-term project he went to France and getting some additional component with salary from India but huge amount is deducted as tax.we need experts opinion on tax saving and Is there a way to reimburse the money deducted as tax ?
Please help.

Dear All,

I would like to know what is the rule for claiming ITC on Capital Goods. Will the total amount of ITC on capital goods be claimed in one go or in installments?

Regards

Shoeb

Dear Sir/ Madam
I have started a partnership firm with two partners and deed is made on 12 july 2017. Gst registration number is received on 4th Sept 2017. from July 12 to Sept 4 , No business is done. Date of Incorporation , mentioned in Gst Registration is 12 July 2017. Should I file return for July and Aug 2017?

Dear Experts
Chartered Accountant is not registered in GST as per the GST Act.My query is:-
Applicability of RCM
1.He charges Audit fees : (a) RS.6000/- (b) Rs.4500/-
Please give your expert opinion.
Regards