One of my relative ( having salary Income ) filed ITR-3 for FY 2016-17. now he received a letter for IT department .That letter is Something about Error code 310 " Taxpayer having income under PGBP head but has not filled P&L and Balance Sheet as required in explanation (d) under section 139(9) read with section 44AA." Now , we are in confusion .what we have to do ?

Sir,
My company every month gives cash incentive to the top six employees (sales Departments) for monthly sales
so what type of document we can keep in our record for accounting purpose and same question for cash commission and cash salary which company provide to our employees.
kindly guide me write way .
With regards



NOTE : Incentive in Cash AED3000/-
Award in cashed Money for the Top Three person of the year AED 22000 (total for three persons)
pls guide me if we can make the document s in excel sheet or any other mode.
AED : Currency of UAE

Hi

I bought a land in the year 2000 and constructed some commercial building over it amounting 10 lakhs. Same has been capitalised in Business books.As land is non depreciable and building is depreciable. Building is coming under block with other buildings. Now i sold the same land & building for Rs 42Lakhs. How it will be treated in Capital gain head.

Any tax saving over this?

X Company forgot some sales of Rs 100000 /- Taxable value @18%. in Sept 2017 In GSTR -3B and also forgot to file in the GSTR-1 in Quarterly Return ie in Sept 2017 the same invoices.

Company also filed GSTR-1 for Q3 ie Dec 2017 ended without considering the above invoice.
My question is what is the interest amount ? for SGST and CGST?
and how to rectify that mistake now.

lease rentals received on fish ponds is taxable under business income or rental income?if it is taxable as rental income is there any standard deduction and expenses allowed and at what percentage?

Dear Sir,
We are company and we have created privision for CSR expenses . Now we want to spend on CRS activities .
1) What should be the journal entry?
2) We have a religious trust to , can donation to that trust be treated as CSR expenditure ??

Pls advise

Dear Sir,
We are biscuit manufacturer . We to survive in a market give free . For example , 1 Cartoon Biscuit free with every 15 cartoon.Rate of 1 cartoon is Rs.100/-.
Currently we are billing in below manner:-
(15*100+1*0)=1500 taxable Value , Gst 1500*18%=270 , Total bill value =1770(1500+270)
Note that presently we are reversing ITC in respect of free sale.
We Wish to bill in below manner :-
15*100=1500
01*100= 100
(-)Discount=-100
Taxable Val=1500
GST@18%= 270
Bill Value = 1770

Pls advise what is the best option and your advise if any .

PLEASE LET ME KNOW THE USEFUL LIFE OF FORKLIFT

SIR,
I HAVE A QUERY IF YOU PEOPLE CAN HELP ME OUT. MY WIFE IS A CONTRACT EMPLOYEE (TEACHER) OF A SCHOOL, SHE EARNS 15K PER MONTH THUS HER ANNUAL INCOME WOULD BE 1,80,000. THE ACCOUNT DEPT SAYS THAT FOR CONTRACT EMPLOYEES TDS DEDUCTION IS DONE FOR PEOPLE EARNING MORE THAN 1,00,000 AND NOT 2,50,000. IS IT TRUE?

Dear Sir,
We are biscuit manufacturer . We to survive in a market give free . For example , 1 Cartoon Biscuit free with every 15 cartoon.Rate of 1 cartoon is Rs.100/-.
Currently we are billing in below manner:-
(15*100+1*0)=1500 taxable Value , Gst 1500*18%=270 , Total bill value =1770(1500+270)
Note that presently we are reversing ITC in respect of free sale.
We Wish to bill in below manner :-
15*100=1500
01*100= 100
(-)Discount=-100
Taxable Val=1500
GST@18%= 270
Bill Value = 1770