Sir one of csc centre(individual) deals in money transfer and get cash payment from customers and transfer from his current account to others. And withdrawl money from aasdhar also. IRCTC ticket booking. Now his transaction in account exceed 22 lac in previous year and he earned Rs 328000
should he need to take gst? if yes than his liability becomes more than earning. For every Rs 1000
transfer charged Rs 10 as service charge
how to deal account for ITR and gst?
please suggest

Can a nil tax return be filed u/s 139(8A)?

Please share your views with reference to filing experiences.

HI

UNDER SECTION 54 ANY REBATE AVAILABLE FOR SHORT TERM CAPITAL GAIN FOR AY 2025-26
FY 2024-25?

There is a sale of residential property in current year after July 2024 budget which was purchased in year 2001 if we take benefit of COI(i.e. old regim) then other income such as business income , rent income etc. can be shown in new regim scheme???. I understand that there is no connection between the selection of regim for calculatioin of capital gain tax in new and old regim and rest of income under old or new regim.

I have recd through a will my father's property which comprises of a house built on a plot in harihara a town in karnataka. I want to know whether any tax will have to be paid me after sale if do how much . Iunder which section i have to show the income from salecof property in mu income tax return. Thanks

Respected Sir

in case of Individual & HUF When it Compulsory to obtain TAN ?

Some Consultant Said it is based on t/o and Some said it is based on Audit

now if it is based on audit than

44ABa-Clause 44AB(a)- Total sales/turnover/gross receipts of business exceeding specified limits;

44ABe-Clause 44AB(e)- When provisions of section 44AD(4) are applicable;

if t is based on audit than both Section of Audit TAN is applicable or Only 44AB(a) Audit applicable for TAN Requirement

Kindly clarify, Whether an assessee can avail the indexation benefit under both the tax regimes (i.e. old and new tax regime) sold after 23.07.2024.

GOVERMENT HAS INTRODUED GST TDS ON SCRAP FROM 1ST OCTOBER 2024 @2%.

SCRAP PURCHASE VALUE RS. 52,00,000
CGST RS. 4,68,000
SGST RS. 4,68,000
TOTAL RS. 61,36,000

GST TDS AMOUNT WILL BE RS. 1,04,000(52,00,000@2%)
NOW 194Q IS ASO APPLICABLE TO US SO QUESTION IS 194Q IS BECOME APPLICABLE ON WHICH AMOUNT RS. 52,00,000 OR 50,96,000 (52,00,000-1,04,000 GST TDS ON SCRAP) @0.10%

EMPLOYEE OF A COMPANY VISTI A CLIENT IN PUNE, STAYS IN A HOTEL GET BILL IN EMPLOYEE NAME WITH COMPANY NAME AND ADDRESS AND GST NO. THE SAME IS REIMBURSED TO HIM BY CO. IN THROUGHOUT YEAR DIFFERENT EMPLOYEES OF THE SAME CO. STAY IN SAME HOTEL AND THREESHOLD LIMIT OF 194I IS CROSSED, WILL COMPANY BE LIABLE TO DEDUCT TDS ON RENT, HOWEVER NOT A SINGLE PAYMENT IS DONE DIRECTLY BY THE COMPANY, TOTAL PAYMENT WAS REIMBURSED TO EMPOYEES, BILL JUST TO GET GST CREDIT

We had to make payment in indian rupees to NRE account for land purchase in india. What is rate of TDS? Whether 15CA is required?