Firm started on 1.4.16 with 2 partner. Introduced capital of 50 lakhs each. At the year end
firm paid intt on capital@ 20% only and didn't paid any remuneration. Firm will be allowed intt on Cap @12% and disallowed @8%. each partner is getting 10 lakhs as intt. there is no other income except intt on cap in hand of partner

I have dought regarding the taxability in the hand of partner. plz discuss tax liability in their hands

SIR/MADAM,

CAN YOU PLEASE HELP ME IN ANSWERING THE FOLLOWING QUESTIONS.
1. WHETHER AN UNREGISTERED TRUST CAN FILE ITR UNDER AOP STATUS,since the trust have earned income from business and want to declare profit of Rs. 125,000/- where the total income is about 85,00,000/- ?
2. if yes whether it would be liable to 44ab ?

govt through notification says that no need to pay rcm on supply received from unregistreed person w.e.f. 13-10-2017.
but i want to know whether i have to pay rcmin month of oct for supply received from unregistered person in month of sept 2017.

WE RECEIVED CHARTERED ACCOUNTANT'S BILL TOWARDS
STAT & TAX AUDIT ON 05.12.17, FOR AUDIT F.Y.16-17 ,RS.2500000/-

IN BALANCE SHEET F.Y.16-17 WE MADE PROVISION FOR AUDIT EXP.
AND ALSO MADE PROVISION FOR TDS.

NOW QUESTION ARISES WHEN TDS LIABILITY START .
1) AFTER MAKING PROVISION IN THE YEAR F.Y16-17
OR
2) AFTER BOOKING INVOICE IN THE YEAR F.Y.17-18
3) IS MAKING TDS PROVISION IS MANDATORY

YOU ARE REQUESTED TO GUIDE US

THANKING YOU

RAJKUMAR GUTTI

IGST SGST CGST

SALES NILL 7195 7195

PURCHASE 4130 7328 7328

I TRY BUT display show that offset the CGST credit against the CGST liability first before cross-utilization
show kindly request u sir/madiam plz sulation and step step bye step help me

I have a client who has declared a cash balance of Rs 19 lakhs in ITR-4S for AY 2016-17 but the actual cash balance available on hand is only Rs 2,35,400 on that date- 31.3.2016 such huge cash balance is only becoz of accumulation of balances in balancesheet starting from FY 2007-08. Now he wants to show actual cash balance of Rs 2 lakhs odd after giving effect to drawings and his profit ( 8 % of gross reciepts) in ITR- 4S for AY 2017-18. Can he do so ? will IT Department scrutinise the cash balance will the IT Department ask why the cash balance of Rs 19,00,000 is not deposited during the demonitisation period. if I show the amount of Rs 19,00,00 cash balance for AY 2017-18 will the IT Department penalise for having such huge amount of old currency as an offence- but the fact is that the he does not have cash on hand of Rs 19,00,000 as declared in the return. he has only 2 lakhs odd. how to deal with this issue anybody please guide me. Thanks in Advance Your reply would be appreciated.

Dear experts;

Is it possible to score just 40 in Ca final costing (old scheme) without any preparation & ignoring completely the quantitative techniques.

Please advise me suitably
Thanks in advance

I have a client who rented a commercial property in which head I should classify it.

is ITC available on input service like accounting or audit if taxable person not engaged in similar supply of goods or services

Sir,

we have raised invoice it has different Hsn Code how to fill GSTR1 with different HSN Code at one invoice

please clarify this doubts

Thanking you