Ram sold a Saree to Sita for Rs. 5,00,000. cash discount is 10%, trade discount is 10% and gst is 18%. What will be the accounting entry in this case with amount?

one invoice issued by ABC CO. to us on A/c of SOFTWER (ON CONTRACT) partialy of Rs. 150000/- and till now we paid Rs. 150000/- to them and by mistake we forgot to deduct TDS, now,we hv not deducted TDS and also paid the full amount to ABC CO. please guide what we do next. please provide me solution as soon as possible

Whether GST will be charged on the part payment received from member/flat owners after Building Use (B.U.) permission?

Dear Sir,

I have made the payment of 26 QC (TDS ON BUILDING ) on Dated 31-Mar-18. if I check my 26 AS after 6 days that amount not shown in my 26 AS.

Please confirm to me Number of Days this amount shown in my 26 as statement?

Which ITR form Will Use For Income From Salary And Computer DTP Designer for AY 18-19

I want to file return for the year 2016-17 now.so how to file belated return .for that i will pay penalty as department raised.

How to treat the the expenes wrongly booked in the last year which are incurred in the current year

If a person having Retainership Income and his TDS deducted u/s. 194J + having interest, dividend income.

Which ITR form will use for AY 2018-19 ?

Hello Everyone,

Our many clients are getting notices from Income Tax Department- CPC for non filing of ITR for AY 2016-17 & 2017-18.
Most of the clients have not filed their income tax returns due to income being below basic exemption limits.

However, TDS@10% u/s 194A is already deducted from their interest income which should have been refunded had they filed their ITR before 31.03.2018.

Hence, kindly answer my 3 queries mentioned below:
1. Whether ITR for AY 2016-17/ 2017-18 can be filed after 31.03.2018 (online? offline?)?
2. Whether refund shall be granted if ITR is filed after 31.03.2018 (i.e. time barred return)?

3. If a person suo moto wants to file ITR for AY 2016-17 & 2017-18 for loan purposes, how can it be done?

Awaiting positive responses from all of you!

How to deal with expired stock? What will be tax liability?