A comprehensive video explaining the clause 44 in perfect manner. I appreciate the wisdom of Mr. Bimal jain who has deployed his efforts on such complex issue. He had also offered to clarifications on the doubts of the users.
Very nice comprehensive and informative discussion on the matter of clase 44 of Audit Form 3CD. Specially it is beautiful manner and way you expalin the topics, we are enriched and helpful so much, Thank a lot, wish you be well and happy always.
Depreciation u/s 35, and bad debts u/s 36(1)(vii) which are not reported on total expenditure and also salary which are given to employees which already discussed.
Any expenses related inward supplies from registered person drawn on capital account not included in profit and loss account should I show them in clause 44
Very much informative video sir. Requested to please upload a video on section 11 of Income Tax Act wrt changes made from AY21-22 specially application on actually payment basis and what if we were taking application on accrual basis till now.
Sir very good information. One query- Can transport charges paid by GTA to local transporter should be shown under unregistered dealers ? Please suggest.
pl clarify whether the column no 6 - total payment to registered person is simple sum of column 3,4 and 5 or actual payment made to registered person. ?
I have received scn notice 2015-16-17-18 which I am running business Transport on 2015-16 but my business was closed at 2016 and I am at native now. Also I don’t have any transaction or business after 2016. I have filled ITR 4 as 20Lakh/year annual income to get loan in future, but I don’t have any transaction/bill or income proof after 2016. What we need to do for this SCN . Can you please help me regarding this
Sir Thaxs for the video . Pl clarify if we do not take credit of itc and expenditure is from registered person , this will be shown in purchase from registered person . Further also clarify for RCM expenditure .. Thxs
A comprehensive video explaining the clause 44 in perfect manner. I appreciate the wisdom of Mr. Bimal jain who has deployed his efforts on such complex issue. He had also offered to clarifications on the doubts of the users.
You are not tried best, but you do every time BEST sir, thank you so much ...
Very nice comprehensive and informative discussion on the matter of clase 44 of Audit Form 3CD. Specially it is beautiful manner and way you expalin the topics, we are enriched and helpful so much, Thank a lot, wish you be well and happy always.
Transporting expenses under RCM to be taken in schedule. Or not.
Video quality and audio 🔊 is Perfectly fine....
Thanks very beneficial deliberations, pls keep updating us
Depreciation u/s 35, and bad debts u/s 36(1)(vii) which are not reported on total expenditure and also salary which are given to employees which already discussed.
Any expenses related inward supplies from registered person drawn on capital account not included in profit and loss account should I show them in clause 44
Revenue Expenditure as well as Capital Expenditure also.
thank you very much sir for the informative knowledge.
We always waiting for your informative Video.
Thanks very much sir for such a insightful session. 😇
Thank you sir for such a clear vision
Very beautifully explained sir
Beautiful explanation.. Thanks a lot sir
Very much informative video sir. Requested to please upload a video on section 11 of Income Tax Act wrt changes made from AY21-22 specially application on actually payment basis and what if we were taking application on accrual basis till now.
Very explained nicely
Jai hind sir ji 🙏 Thanks a ton 🙏 🙏
सर ब्रांच ट्रांसफर को यदि सप्लाई माना जाता है तो क्या उस पर ग्रॉस प्रॉफिट भी एप्लीकेबल होगा और उससे स्टॉक में से लैस करा जाएगा
Sir ji Import goods, electricity bill paid, Where to show in clause 44.
Thanx a lot sir latest bht informative hai
Thanks a lot sir for detailed explanation.
Whether capital expenditure will also be considered ?
Yes pls
Sir very good information.
One query- Can transport charges paid by GTA to local transporter should be shown under unregistered dealers ? Please suggest.
Sir salary , Staff welfare , electrical expenses and fuel expenses can I show exempted column or not
Not required...said in video
GST amount paid by composition dealer is expense or drawings in Income Tax..
pl clarify whether the column no 6 - total payment to registered person is simple sum of column 3,4 and 5 or actual payment made to registered person. ?
Yes 3 to 5 is for Registered person and to be shown in column 6 and for other than registered person column 7 to be updated
@@gaasai7248 in 6th column written total payment instead of simple sum of 3,4 and 5.
Sir for Transportation Exp for which RCM Done , have to short Register and un Register GTA and how to report
What about RCM expenditure.....??
Partners reumeration and interest on partners capital, will they need to reported here
In my opinion it is merely appropriate of profit
I have received scn notice 2015-16-17-18 which I am running business Transport on 2015-16 but my business was closed at 2016 and I am at native now. Also I don’t have any transaction or business after 2016. I have filled ITR 4 as 20Lakh/year annual income to get loan in future, but I don’t have any transaction/bill or income proof after 2016. What we need to do for this SCN . Can you please help me regarding this
Sir interest paid for loan is required for reporting or not required ?
Reportable as bank would be a registered person
Sir electricity and water charge payments required disclosure
Worth watching
Jai hind Ji 🙏
Where to report Non Taxable Supply i.e Petrol Diesel under Clause 44 of 3cd
No where required to report
As always explained very well. Sir what about interest on capital to partners and interest on unsecured loan ? Both are shown in profit and loss.
The financial interest on securities that is outside Supply definition is neither exempted nor taxable. Please thru some light
Expenses related to registered person but we are not taken gst credit on that expenses... show in which categories?
Column no 5...It does not matter whether you have taken credit or not
Nce explanation.......
Provision related to audit fees booked is covered under which column
no mention of provisions
Ok thanks sir
Whether expenditure include purchase
Yes
Sir Thaxs for the video .
Pl clarify if we do not take credit of itc and expenditure is from registered person , this will be shown in purchase from registered person . Further also clarify for RCM expenditure ..
Thxs
Voice ???
Is this also applicable for organisations who are not registered under gst
Applicable for those who are having PAN and required to go for Tax Audit
Amount mentioned in column 5 should be match with Gstr 2A
Voice nahi hai
Ridiculous information asked by cbdt in tax audit reports. It's purely waste of time of professionals
Total waste h bhaii
@@theilearn999 Why does cbdt wants this information? Any logic?
Col. 6 talks of *PAYMENTS* to registered dealers and not of actual expenditure
6 = 3+4+5 and clealy mentioned in GN as treat as exp
what about RCM-under which clause RCM expenses will be reported?
Nice question
No sound
Sir what about ESI/PF expenses?
Employee related- not repotatble
Voice issue
Very good clarification. Regards
Sir, what about Salary, wages etc, whether these are to be reported
No Ji
No voice
No sound