Dear Colleagues ,
A client has received the following services from Shopify Commerce Singapore Pte. Ltd:
1)Apps 2)Transaction fees 3) subscription
All these fall under the HSN 998315 - Hosting and information technology (IT) infrastructure provisioning services.
This entity is registered as an Non resident Online service provider with the GST department.
These transactions would be liable for RCM as the service recipient is a registered entity.

If we deduct TDS then we would be liable to pay 20.8% as no PAN is available . In case TDS is applicable but we are disallowing then we have to disallow 100%.
My question is whether TDS would apply for the said transaction.
(As per my understanding shopify does not have PE in India)

Dear Sir/Madam,

Currently TDS @ 10% is levied on management fees charged across AIF funds by the investment manager.
Section 194J covers TDS on Professional (@10%) or Technical Fees (@2%). As per our understanding, The term "professional services" typically refers to services provided by professionals like lawyers, doctors, accountants, engineers, architects, etc and "Technical services" usually encompass services related to the development, use, or transfer of technical knowledge or information .
Accordingly, Kindly suggest whether above service would fall under the purview of technical fees or any other relevant section of TDS you deem fit.
Do let us know in case of any clarification required.

In A.Y. 2022-23 return filed within due to assesses having loss . In A.Y. 2023-24 Also assesses having loss but return not filed in time.

Q1). Loss for the year A.Y. 2022-23 we can carry forward as we have filed return in time and loss of A.Y. 23-24 can not be carry forward as return is not filed within due date.

Dear Experts,
Greetings!
In preceding financial year (i.e., FY 2022-23) our client has no turnover, but there is a receipt of share capital Rs.28Crores and Fixed deposit receipts Rs.48Crores during FY 2022-23
During FY 2023-24 my purchase value of Fixed assets from particular vendor exceeds Rs.3 Crores.
Can any one guide me whether 194Q is applicable for fixed assets purchased during the FY 2023-24 ?

In case the trust (medical institution) has been registered under sec.10(23C)(via) having total income exceeding Rs.5 crores, then which form applicable whether Form 10B or Form 10BB ?
And please clarify the total income without giving effect to sec.10(23C)(iv)(v)(via) means, how to calculate the total income for the purpose of selection of respective Forms.

I'm concerned if our WHT was deducted by a foreign entity under the DTAA agreement.
The amount of WHT is greater than our company's income tax liability.
Can someone clarify whether our company is eligible for a WHT refund, or whether we will get an income tax refund in India or not ?

A did not file her ITR for F/y 2021-22 (A/Y 2022-23) and she has a refund from her TDS as shown in AS26. Can she file ITR U to claim this refund? If not what is the process for her to claim refund of tax?

CAN WE CAPITALIZE PREVIOUS YEAR LOSS?
XYZ FIRM HAD LOSS OF RS 792452 IN A.Y 2022-23, IN A.Y 2023-24 THEY WANT TO CAPITALIZE THAT LOSS IN P&L RATIO .IS IT A VALID TRANSACTION ? IF YES HOW SHOULD I REPORT IT IN FORM 3CD?

My total turnover is 1,87 Crore with cash turnover more than 5% of the turnover during FY 2022-23. May I declare income U/S.44AD ?

Respected All

i have paid TDS on sale of immovable property(PAN TO PAN), but by mistake i paid tds challan two times

is there any way to get back that amount

please reply.....