whether it is correct way to show
CGST payable
SGST payable
IGST payable
under current liabilities
CGST receivable
SGST receivable
IGST receivable
under current assets.
why it is current bi-bifurcated in current liabilities and current assets,.

My client is working as a partner in a firm whose turnover is below 2 crore. Hence the ITR of firm is filed under 44AD for the assessment year 2017-18. While filing the partners individual return how remuneration and interest computed. As per the partnership deed, eligible remuneration is as per Income tax Act, 1961.

How to compute partners remuneration for a Firm filing income tax returns under 44AD for the AY 2017-18?

Whether there is a provision to provide remuneration and interest to partners, if they are not maintaining books of accounts? if so, how to compute the same.

Please clarify my doubt

Thank you in advance.

Dear Sir,
I have filed GSTR1 for july month and opted for quarterly return.
Should I require to file GSTR2 and 3 for July and remaining months?
or should I require to file quarterly return for the month of Sept directly after filing gstr3b.
Kindly inform me.
Thanks a lot.

Please state to me as per changes after Oct.17

GST Paid on Advance Flat booking amount in case of builder


Please anser pay or no

I sold a bus as scrap for 150000 rs,which was off the road for many years.what is my tax liability.

After the introduction of new penalty section 270A by finance act 2016 section 271(1)(c) becomes redundant. But in Assessment order received for AY 2015-16 which was completed in December 2017 penalty was still initiated u/s 271(1)(c). What's the reason for that?

Whether transfer of land as a gift to a church is chargeable to tax?

My problem When enter return dashboard then required filing return quarterly or not I select the quarterly return and submit but shows the display msg you are not authorized to access GSTR 1 for this return period . Plz clear this why cannot access quarterly return but turnover below 1.50crore

Sir
Salaried Employee got an intimation U/s 143(1) for demand of Rs.1481.00/- which is Interest u/s 234B Rs.804.00/-,234 C Rs.677.
Total Tax Liability for the AY 2017-18 is Rs.28881.00/- and Total TDS for the period is Rs.28881.00/-.
TDS is deducted from monthly salary and employer had filed TDS reurn Quarterly.
How can I rectify this issue?
Is the interst calculated by the Depatment is correct , then how to compute interest?

while preparing project report opening stock and closing stock are included in profitability statement or not