Pvt ltd company in india entered into A service agreement for use of brand name -Ie Marriot , to -us based Foriegn company . While transfer the amount from india to us company , Invoice given by us company with out tax.

Us based Foriegn company having pan no in india, But there is No business in india.

While Remit the Amount what is the tax applicability by the indian company .ie pay Gst, Tds, Tcs , and Rate of tax.



please send response as soon as possible.

IF OFFLINE SUBMISSION OF FORM 27C IS AVAILABLE OR IT IS COMPULSORY TO FILE 27C ONLINE?

If vendor bill of October month we received in November months , so is it interest applicable on TDS payment made.

"Under Section 194Q the rate of TDS is 0.1% if the Value of Purchase >50 Lakh."
On the VALUE OF PURCHASE mentioned, the amount of 50 Lakh including GST or Excluding GST is taken for threshold Limit??

Sir one of our client has purchased a Flat for Rs 38 Lacs by taking loan of Rs 30 Lacs on 05/08/2022. He has sold commercial property on 01/12/2022 for Rs 75 Lacs, He has only one house in his name at present . my query is :
Will the purchase of Flat be allowed as deduction U/s 54F will it be Rs 8 Lacs or Rs 38 Lacs.

Hi,

In my company PF is managed by PF Trust created by the company.
After retirement, how much time I can get the interest on PF which is with the trust if there is no contributions and if i chose not to withdraw the funds immediately after retirement?

Thanks
Rajesh

please share the excel file for advance tax calculation for asst. yr. 2023-2024

Sir,

i have 2 questions.
1 )how much amount if Gratuity is tax free ?
2) My last working day in the company is near and at that tine i will have completed 10 years 5 months and 15 days . can i get gratuity for 11 years of service or do i need to extend last working day by 15 days to compelte 10 years , 6 months to get the benefit of Gratuity up to 11 years of service ?

Regards
Rajesh

We are a regular registered proprietorship and had received a notice U/s 139 (9) due to mismatch in turnover as per 26AS. The main issue is turnover reported by deductor is as per invoices raised and the amount of debit/credit notes not adjusted by the deductor while deducting the tds. The Gstr-3B returns filed by us as per the rules after adjusting all the debit/credit notes (on net off basis) and the said debit/credit notes duly filed by us in our GSTR-1 too which are issued by us against the debit/credit notes issued by deductor for deficiency, rate difference or correction in invoice etc. We had checked our books of accounts and all the turnover matchings with our gst returns absolutely fine. We had tried the revised return as well but same defective notices are coming again after every revised return. What to do in the kind of kindly suggest as income-tax is giving the proportionate credit of tds as per the turnover shown by us in profit & loss account, but here the main problem done by the deductor by excess reporting of turnover by 20 Lakh. We had filed the reply U/s 139(9) as disagree and mentioned whole main matter in the said reply as well. Hope for the good suggestion.

Dear Experts,
I filed ITR-7 for the assessment year 2021-2022 (Fy 2020-21) and while receiving 143(1) intimation from the CPC my claim for exemption is disallowed and there was a demand because of the failure to mention the application date for 12AB renewal. After this intimation, we filed rectification request U/s 154 by incorporating the Application date and uploaded the required file through winman software Even after filing 154 rectification the same demand is raised by OPC with the same error description.
Experts give your opinion. How to cancel the demand and proceed further.

N.Rajendiran,
nrtaxguru@gmail.com
9362622183