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Abhishek
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
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No, GST turnover should match with Tax audit report turnover.
You will have to pay tax with interest and penalty at the time of GST assessment
S
Shilpa
Hiii,, is Provident Fund Applicable on Labour Charges ??
PF is applicable on Salary paid, I guess you must be paying to a contractor who is charging you PF paid to employees in his bill - If yes, Thats correct.
T&C applyS
Senthil
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?
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
R
Rajesh
Does a Pvt. Ltd. Company director needs to use his DSC to file his personal ITR?
No. Its not mandatory
CA Sakshi Gupta 3 Sep 2018Hi
No the DSC is not required. The return can be verified through Aadhar OTP.
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Sunil
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.
