EXPERT ADVICE FROM TOP CHARTERED ACCOUNTANT

GET EXPERT CA ADVICE
@ JUST Rs. 149/-

Ask a question and get answer via e-mail within 24 Hours!

Full assistance from CA till query didn’t get resolved!

Service is available for citizens all across India.

TOPICS

Goods and Services Tax

  • GST Registration
  • GST Returns
  • GSTR – 9 Filing (Annual Return)
  • GSTR – 9C Filing (Reconciliation Statement & Certificate)

Income Tax

  • Income Tax Returns Filing
  • Business Income Return
  • Bulk Return Filing
  • Respond to Tax Notices

Other Taxation

  • TDS Returns Filing
  • PAN Application
  • TAN Number Application

Company Conversion

  • Partnership to LLP
  • Private Limited Company to Public Limited Company
  • Proprietorship to Private Limited Company

ROC Compliance

ROC Compliance :

  • Company Annual Filing
  • LLP Annual Final
  • Maintenance of Minutes
  • Other MCA Compliance i.e. DPT3, MSME etc.

Updation of Records :

  • Allotment of Shares
  • Change Registered Office
  • Change in Directors
  • Change authorized capital of Company

Business Registration

  • Limited Liability (LLP) Registration
  • Private Limited Company Registration
  • Partnership Registration
  • Proprietorship Firm Registration
  • Public Limited Company Registration
  • OPC Registration
  • Company Name Search

RECENT QUESTIONS

If I have reduce my Supply 2017-18, (Rs.10) Tax (Rs.2) in 2018-2019. Then the Difference Amount whether I have to show in Table No. 4 or 10, 11 please Suggest? GSTR 1 Shown Rs 90 Tax (Rs18).

SHOW GSTR1 FIGURE IN TABLE 4 (Rs.90), tax payable in table 4 (Rs.22).

SHOW FIGURE OF 1 TAXABLE VALUE (90) / TAX PAYABLE (22) / TAX PAID (22) IN TABLE 9.

SHOW FIGURE OF DIFFERENCE SHOWN IN 2018-19 OF TAXABLE VALUE/ TAX PAYABLE IN TABLE 11

SHOW TAX PAID (-2) IN TABLE 14.

My Rented Property is in India but I need to pay rent to my NRI house owner who is currently in US. Do I need to fill 15CA?

YES, AS PER DETAILS PROVIDED YOU NEED TO SUBMIT FORM 15CA AND ALSO NEED TO DEDUCT TDS WHILE MAKING PAYMENT AND THE CODE WOULD BE S1109.

I HAD MADE PAYMENT THROUGH DRC 03 VOLUNTARILY IN THE FY 2017-18. HOW/WHERE DO I SHOW THAT FIGURE IN GSTR 9?

ADDITIONAL LIABILITY IN ANNUAL RETURN IS TO BE PAID THROUGH DRC 03, NOTHING TO REPORT AS SUCH IN GSTR9.

We have House in Delhi build-up with 2 floors. Ground floor is self-occupied and First floor is given on rent. How can we get tax benefit on house loan interest being a salaried employee?

YOU WILL GET 80C DEDUCTION WITH RESPECT TO PAYMENT OF PRINCIPAL AMOUNT OF LOAN AND FOR INTEREST PORTION YOU WILL GET DEDUCTION U/S24. FOR RENTAL INCOME YOU WILL GET DEDUCTION OF 30% AS WELL AS DEDUCTION FOR MUNICIPAL TAX PAID.

IN FY 2017-18 IN GSTR1 BY MISTAKE WE TICKED DEEMED EXPORT BUT NOTHING HAS BEEN EXPORTED AND THE SALE IS FULLY REFLECTED IN GSTR1, DUE TO MISTAKENLY TICKED DEEMED EXPORT , TAX PAID HAS NOT BEEN ADJUSTED AND SHOWN IN CASH REGISTER. KINDLY GUIDE ME HOW TO CORRECT THIS MISTAKE AND TAX IS SET OFF AGAINST SALE AND HOW SHOULD WE REVERSE FROM DEEMED EXPORT AS NOW WE HAVE TO SUBMIT GSTR 9 IN WHICH WE WISH TO CORRECT?

TABLE 4 SHOWS NORMAL SALE & TAX PAYABLE.

IF TAX HAS NOT BEEN PAID THEN SIMPLY GENERATE CHALLAN DRC 03 AND PAY TAX ACCORDINGLY.

I am staying in US for Job purpose and returning from the US in mid of August this year to India. However, I'm in U.S since February 2014. Please advise if my salary from the US will be taxed by Indian IT department when I return to India.

SINCE YOU ARE COMING BACK IN AUGUST THEREFORE YOU WOULD BE A RESIDENT IN INDIA AND YOUR US SALARY WOULD BE TAXED IN INDIA BUT THERE ARE CERTAIN POINTS WHICH NEEDS TO BE DISCUSSED IN ORDER TO PROVIDE YOU BRIEFING IN IT.

IF ITC IN 2A IS LESS BUT IN 3B ITC HAS BEEN EXCESSLY CLAIMED, THAT IS BECAUSE SOME SUPPLIERS HAS STILL NOT FILED THERE GSTR 1 THEN HOW TO CLAIM DIFFERENCE ITC IN GSTR 9 PLEASE EXPLAIN ?

YOU CAN SIMPLY CLAIM THE DIFFERENCE IN GSTR 9.

WE WILL UPDATE NEW Q&A SOON!