In case of partnership firm what will be the treatement of TDS deducted by the firm of clients?

I am an Arts graduate then I have passed MBA(HR & Marketing). I am an authorized person to maintain GST . also I can work for tax consultant and submit return various companies. Kindly cooperate me. .

I have following quries(assume implementation of GST on 1st July 2017)(Trader-Not Manufacturer)
1) Suppose I am having stock in hand of Rs.50lacs aprox on 30th June 2017 on which current VAT is 5% but under GST new rates is 18% will I be able to get any exemption in such case?
2) Suppose I am having clossing stock of Rs.50lacs from which 30lacs were purchased from manufacturer who charges Excise duty and CST against C Form on products in Invoice but till now I am not getting Credit on Excise duty and CST against C Form as I was registered under VAT only. But now will I be able to get Credit of Excise duty and CST against C Form on Stock in hand?

Read more at: https://www.caclubindia.com/forum/input-tax-credit-for-stock-in-hand-for-gst-389214.asp

For calculating tax under MAT should i take 18.5% or the rate given in problem. Kindly help.


Indira K V

an assessee is a retail distributor of sim cards and coupon vouchers of say vodafone .. 1)please guide on applicability of service tax, vat and gst on the same.. and 2) how to show the income of such distributor ? as profit of business or as commission income?

HELLO,

I HAD COMPLETED 2 YEARS AND 1 MONTH OF MY ARTICLESHIP AND THEN STARTED MY INDUSTRIAL TRAINING FOR 9 MONTH AND IT IS GOING TO BE COMPLETED ON 2ND JANUARY, 2018. SO AFTER COMPLETING MY INDUSTRIAL TRAINING OF 9 MONTH AM I NEED TO REGISTER WITH ANOTHER CA FIRM FOR 2 MONTH BECAUSE MY TOTAL ARTICLESHIP DURATION WILL BE 2 YEARS AND 10 MONTHS? OR MY 9 MONTH OF IT WILL BE OK?

Dear All,
We are manufacturing foam mattresses. This year my company has decided to take bar code for the product. So, my query is :- (a) What is Bar Code & it gives benefit to the co. (b) Co has paid annual regn fees & other related charges to the agency, This amt i have to take in which head? Is it revenue / capital expenditure?

Pls explain me in details.

Thanks in advance

Anjan S. Mehta

I am a female CA and got selected for a freelancing job posted on caclubindia.com. Approximately how much i can earn and whether these type of jobs are not fake??please suggest me.

Dear Experts,
on construction of factory we have incurred 2065790/- the factory was put to use from 11/3/2017 however as per schedule II depreciation rate is specified SLM 3.17%, WDV 9.50% & useful life is 30 years. pls clarify :- which method we have to opt to charge dep. weather 3.17% SLM or 9.50% WDV also let me know in the period of 2016-17 the factory was used only 21 days. will dep. be calculate only for 21 days if yes pls let me know the formula of that, and requested to all members to explain the same with an example if possible?

Regds
Anshul

Is there any tax liability for a Charitable Trust which is not registered u/s 12A in following cases.

1. Its total receipts are more than minimum taxable limit lets say 5,00,000, however its net income after deducting expenses is less than minimum taxable limit 2,13,000.

2. Its total receipts are more than minimum taxable limit 8,00,000, and its net income after deducting expenses is also more than minimum taxable limit 3,30,000.

3. What If there is only corpus fund donation.

Please answer in all above three situation seprately with relevant provision of IT Act,1961.

If Income Tax wil be applicable than what will be the rate of income tax.