Sir,
One of my client received 10 mobile tab as sales promotion under a credit note. This credit note specifically mentioned that it was sales promotion expense and TDS was deducted under section 194R and no GST was collected in that credit note. Then I want to provide these mobile tab to one of my customer under a credit note which was in excess of Rs. 20,000. Then I want to know whether the credit note I am proposing to issue was liable for GST or Can I issue the same without GST in the same way as issued by the supper. But I think I would definitely required to collect TDS under section 194R in the credit note I am proposing to issue. Please clarify regarding the GST Applicability and TDS

I've recently sold my property in Delhi and have realized a Capital Gain of approximately 75 lakh. I own agricultural land in Himachal Pradesh where I've incurred expenses on construction. Can I claim a capital gain exemption based on the amount spent there?

I am paying a Rent of 65k for a flat which have 2 owners as per the agreement. So do I have deduct TDS from the rent even if the individual payment is 32.5k per owner?

Father sale property in 2014 . Amount is invested in new house in same year in name of his son. Is he entitled to claim exemption u/s 54?. He died in 2020 . Receive notice in 2023

Hi Sir/ Maam

My client had purchased shares of Rs 50 lac in 2016, Today the rate of shares are Rs.27.20 Crores. Kindly tell me how much will be the Capital gain.

Regards
Rupinder

Hi Sir,

We have been issued 147 notice initially around 2 years back and then last year finally the closure proceedings were initiated with 0 amount tax payable by me. Infact there is a return/ refund available in the closure statement.
After the closure proceedings were initiated there are 271 notices that are being issued but our tax agent suggested to just ignore them as the closure proceedings were initiated and the tax payable is 0. Please suggest if these can be ignored or anything needs to be done as we are getting reminders for the same notices with tight deadlines. Our tax agent mentioned that these are autogenerated emails and can be ignored. Please advice.

in companies act -- furniture which has detoriated by white ants can be written off
when furniture is destroyed/ dismantled
as per income tax can we write off the above furniture -which amounts to a long term loss
as there are other fixtures also in the block asset as declared as fixed asset in case of a
public company
pls guide how can we take into account the above loss as per income tax rules and
can we c/f the loss or write off as depreciation
thanks

A firm converted its capital asset being land which was acquired in the F.Y. 2015-16 for Rs.47 lacs into stock in trade on 01.04.2021 at the Stamp Duty Value being Rs.205 lacs. Later, a layout plan was approved, development was completed in FY 2023-24 and the land was diverted and sold as developed plots. Around 40 percent of plots were sold during the FY 2023-24.
Till the FY 2021-22 the accrued capital gain shall be taxed as Long-Term Capital Gain but shall be taxable in the FY 2023-24 with indexation upto FY 2021-22 only, on the plots sold during this year. How such income/transaction shall be filled up in ITR 5. Please guide. Thanks

Sir,
A person new started forex olymp trade investment some amount and some transactions trading
Question:
Assessess itr returns filed compulsory or not.

Hello Team,
I got an offer from JAPAN company. Where i suppose to work from India with intermittent visits to JAPAN for 2-3 weeks.
I would need your assisnace on tax part. My queries are as follows

1) Where should i ask them to deposite my salary
a) Indian Bank Account
b) International bank Account
c) JAPAN bank Account
2) If salary is created in Indian Bank Acc
a) Do i need to pay tax in JAPAN?
b) Do i need to pay tax in india?
c) Both?
d) do i need to pay GST in india?
3) If salary is created in International bank Account/ JAPAN bank account
a) Do i need to pay tax in JAPAN?
b) Do i need to pay tax in india?
c) Both?
d) do i need to pay GST in india?