The below mention clause we have to write all the expenses which are registered under GST & not registered under GST


44 Breakup up of total expenditure of entities registered or not registered under the GST

Hello,

Let us take an example of a flat being sold for a sum of ₹. 6000000
Say I have booked a flat on 8.8.2022 by paying ₹1 lakh

I have paid ₹ 1100000 on 1.9.22 within 1 month of booking.

The registration of sale agreement was done on 4.9.22 within one month of booking, for an agreement value of 6000000, with the clause that the remaining amount of 48 lakh has to be paid to the seller within 30 days.

Now builder is asking for full TDS payment in advance.

My questions:
I have paid only 12 lakhs till now. So I should deposit TDS of ₹ 12000. Can I deposit TDS on the full amount right now on the premise that some day in future in the next 30 days I will pay the remaining amount?

Also can the registration of sale agreement be considered as the transaction date for arriving at TDS payment date for the full amount of 60 lakh, though only 20% of the full sum has been actually paid to the seller?

Thanks

Dear All,

I have turnover of 1,22,50,000/- in FY 2021-22. All the transaction are done through bank. Both the payment and receipt in cash does not exceeds 5% of the total payment and receipt respectively. But my profit arrives at Rs. 4,22,220/- (i.e. less than 8% of gross receipt).

I have not opted for presumptive assessment u/s. 44AD of the act, anytime earlier.

In the above case am I liable to gets my account audited?

Thanks
Nirmal

Dear Sir,

Please guide what is income tax rate for "Estate PAN Holder" after deceased.

can we add the income to Legal representative?
or any other option?

please guide, your co-operation will be highly appreciated.

Regards
Rajnish

Educational Institutions which receive rental income from house property & capital gain can claim exemption u/s 10(23C)(iii ad) for all receipts of Tuition fee, Rental Income & Capital gains

Please guide me on the taxability of NRE Fixed deposits for one who was away for 7 years. Have multiple bank NRE deposits of different tenures. He has to convert his bank accounts to Resident Indian can enjoy RNOR status for 2-3 years. In that case what will be the taxation on the interests of such deposits both paid and accrued from the time he is in India. Let's assumed NRE deposits are not yet matured. Thanks

One of the trust registered under section 12AA of Income tax Act since 2008 could not file application for renewal of trust under section 12A(1)(ac)(i) by extended due date 31/03/2022. Now the trust which is having education as its objective want to continue registration of trust. My question is what are the options open for the trust? Now should it apply for registration under section 12A(1)ac(vi)? If that is the case for which assessment year should it file the application A.Y. 2023-24 or A.Y. 2024-25, because as per section 12A(1)ac(vi) application is required to be made at least one month prior to commencement of previous year relevant to assessment year from which registration is sought.
CA SUNIL JAIN

Whether there is any liability arise on withdrawal and addition of funds in partnership firm by partners ?

I was in a temorary(Contract) job in Govt. Hospital in a Covid-19 Epidemics.Appointed by CMHO office.
Than what is the right option for type of deductor?
In form 16 Deductor is CMHO office and Responsible person is CMHO officer.
Please guide me what option i can choose?

kindly share the format for declaration U/S 13 (1) (c)