Respected sirs
I have got tran 1 credit in my gst ledger as per the tally they are saying it should be under current assets but auditor saying it should be under income . any advice how to show this transaction in income tax
chandra (acco) (101 Points)
02 October 2018Respected sirs
I have got tran 1 credit in my gst ledger as per the tally they are saying it should be under current assets but auditor saying it should be under income . any advice how to show this transaction in income tax
Sundararajan S
(Final Student of ICAI)
(1764 Points)
Replied 02 October 2018
chandra
(acco)
(101 Points)
Replied 02 October 2018
is it compulsary to follow old regime because the itc which i got through is 2.5L and auditor is saying have to additional 50000(20%slaB) + late fees for not paying advance tax
Sundararajan S
(Final Student of ICAI)
(1764 Points)
Replied 02 October 2018
chandra
(acco)
(101 Points)
Replied 02 October 2018
yes sir this is reason why i have opted to pay tax as no one ask me agian
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