Dear sir/madam,
can I avail factory insurance tax credit?
Dear Mehul
yes you can avail factory insurance input tax credit
for gst related queries you can contact me at sthayin @ gmail
7 Replies
MPR Sanjay Kumar
(3118 Points)
Replied 17 July 2022
@ CA Dhruva kalamanji ,Dear sir, For Example
Case 1: Mr Poorna Jain having a business turnover rupees 1 crore 50 lacs she is in under tax audit ,so (1 crore fifty lakh 8%=12,00,000 ...can a Poorna Jain shows is income Rs 12 lakh it is correct or not???? ( Cash received transactions)..
case number 2: again poorna Jain have rupees 5 lakh for bank transaction and digital transaction, does poorna Jain shows is income at 6%???
8 % for Cash transaction
6% for Digitally and bank transaction..
sir please tell me this is correct or not
Case 1: Mr Poorna Jain having a business turnover rupees 1 crore 50 lacs she is in under tax audit ,so (1 crore fifty lakh 8%=12,00,000 ...can a Poorna Jain shows is income Rs 12 lakh it is correct or not???? ( Cash received transactions)..
case number 2: again poorna Jain have rupees 5 lakh for bank transaction and digital transaction, does poorna Jain shows is income at 6%???
8 % for Cash transaction
6% for Digitally and bank transaction..
sir please tell me this is correct or not
CA Dhruva Kalamanji
(Chartered Accountant )
(1996 Points)
Replied 17 July 2022
Hi MPR Sanjay
Please write me at sthayin @ gmail for specific question.
prima facie you understanding is correct
Please write me at sthayin @ gmail for specific question.
prima facie you understanding is correct
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