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Question & Answer


A

Abhishek

8 Sep 2018

How does the gst related with Final audit report of company. Can a company file higher turnover amount 50 lak than he paid gst actually 20 lack? If yes what will be the consequences after filing

No Reply  


S

Shilpa

7 Sep 2018

Hiii,, is Provident Fund Applicable on Labour Charges ??

No Reply  


S

Senthil

3 Sep 2018

I'm looking to borrow money from the market against collateral for fixed interest payment over one year. In the books - Will the repayment of borrowed money + interest treated as liability/Loss?

Replies (1)                          

CA Sakshi Gupta       3 Sep 2018

Hi
Amount borrowed will be treated as liability and the interest will be treated as your expense.
The interest will be reflected in your profit and loss account and loan amount will be reflected in your balance sheet

T&C apply


R

Rajesh

31 Aug 2018

Does a Pvt. Ltd. Company director needs to use his DSC to file his personal ITR?

Replies (2)                          

Ms Urvi Gandhi       31 Aug 2018

No. Its not mandatory

CA Sakshi Gupta       3 Sep 2018

Hi
No the DSC is not required. The return can be verified through Aadhar OTP.

T&C apply


S

Sunil

29 Aug 2018

My wife have received IT compliance for non filing of IT returns in Mar'18 ( NMS - FY2016-17), referring 26AS for FD interests ( Also she received 'Investment (NIN03)' compliance for MF investment of 35 lacs, which I will mention my PAN number as source, anyway )

After a discussion with a buddy CA, we have listed the possible option to fill in compliance portal against the verification id. Please verify the planned response and correct, if required.

She pledged her excess 40 sovereign jewels to hubby for loan of 19 lacs, which is paid to her in various dates in 2015-2016. The amount received was invested as FD on Mar'16

I have also received comments that AO will not get convinced on this etc. If its legal , then how can he question it.
Can you people, verify these and update me right proceedings.

Replies (1)                          

CA Amita Shanbag       29 Aug 2018

The Fd interest should be disclosed as matching with 26AS. The source should be justified

T&C apply