271(1)(C) is applicable for non maintenance of books of accounts for non acceptance by Assessing Officer for source of income
Sir(s) / Madam,
We aware that from April 2018 onwards expenses over Rs.10000/- cannot be paid in cash (earlier it was Rs.20000) Section 40A(3) restricts to do so.
1.When we pay Rs.500000/- in cash towards wages to a number of workers. Shall it be attract penalty u/s 40A(3)
2. Advance payment made to staff over the thershold amount of Rs.10000/- in cash attract the penalty under this section? As the rule is silent about advance It only restrict the expenses in a day over Rs.10000/- in cash.We assume that there wont be any restriction to pay as advance of any amount. Is our assumption correct?
Kindly clarify
Bus service provider paid GST @12% on outward supply and claim ITC. now spose he book Tour as a package (including Travelling cost, hotel cost, food cost etc.) and charge fixed amount on single invoice (show per passenger cost), now my question is can he charge 5% GST on such invoice and avail ITC on tax paid on inward.
Hi everyone expert,
i request a regarding net income % on total sale in financial year 13-14 in field of mandi sale and purchase.
Income Tax Return from 2014-15 to 2017-18 has not been submitted.
How shall I submit the Return now for all the years?
Please advise.
How one can follow (learn) a new issue, topic or procedure to be followed practically ? How the issue will be practically improvised ?Do the institute will assist us(CAs) through any means, to implement practically, like publishing examples of real time situations ??? Like how ?
can anyone help me whether it is beneficial or not to work in the NBFC for the profile of income tax.
Currently I am working in a CA firm having one year experience as a chartered accountant
What books of account to be maintained by interior designer
If we raised 2 invoice to same customer for 45000/-& 10000/- in same day the total value is above 50000 so then e way bill is required?
GST LIVE Certification Course - 42nd Weekend Batch(With Govt Certificate)
271(1)(c)