avrandco
06 April 2018 at 11:14

271(1)(c)

271(1)(C) is applicable for non maintenance of books of accounts for non acceptance by Assessing Officer for source of income


Bazeer Ahmed

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



Anonymous
06 April 2018 at 10:44

Tour service

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.


Mohd Nasruddin
06 April 2018 at 10:43

Net profit % on total sale

Hi everyone expert,

i request a regarding net income % on total sale in financial year 13-14 in field of mandi sale and purchase.



Anonymous
06 April 2018 at 10:25

Income tax return

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.



Anonymous
06 April 2018 at 09:59

Ca practice issues

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 ?



Anonymous
06 April 2018 at 09:53

Please guide me about the job

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


Raaj
06 April 2018 at 09:13

Loan

Can an executive director of a private limited company to which he is the executive director give loan to the company?


narmatha.k
06 April 2018 at 06:22

Books of account

What books of account to be maintained by interior designer


Ashish Gupta
06 April 2018 at 00:22

E way bill

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?