what says Section 49(A): Adjustment of input Tax credit.

Please give taxability of below situation.

there is a receipt of rs.5,87,252 from life insurance company which is received after the term of 5 years. premium paid till now is 5,05,000. My doubt is whether total 5,87,252 taxable or only 82,252 is taxable.
Sum assured is 7,07,000.
Premium is 1,01,000 PY.

whether paid amount equal to Cash payment and TDS deposited amount also while filing TDS returns.

सभी को नमस्कार,

कई आपूर्तिकर्ताओं द्वारा अपना मासिक GSTR 1 समय पर प्रस्तुत नहीं करने के कारण, हम मासिक इनपुट टैक्स क्रेडिट का दावा करने में असमर्थ हैं। तो, क्या हम आपूर्तिकर्ता के जीएसटी भुगतान को तब तक रोक सकते हैं जब तक वे अपना जीएसटीआर 1 प्रस्तुत नहीं करते।

कृपा कर मार्गदर्शन प्रदान करें
धन्यवाद

whether GST input of General insurance can be availed for any Type of General insurance whether for office or factory.

Hi,

I have done agreement to sell with the seller for a property in noida (for 58,50,000 rupees) on 24 May, 2022. I paid 10% (58,500) on the same day via cheque. Then I paid another amount of 9% to seller on 18 June,2022. I have applied for home loan and disbursement will take time so we will be doing registry in first week on July. Now my question is:

1. The circle rate of property is 61 lakhs more than the agreement value. So, 1% TDS will be on circle rate or the agreement value?
2. How should I deduct and pay TDS in my case?
3. Do I need to fill 3 26QB form (2 for previous payment and one that will be done a day before registry)?
4. What should I fill in form 26QB for fields for each of the 3 forms: "Date of Payment/Credit", "Date of Tax Deduction" and "AMOUNT PAID/CREDITED "?

when an Auditor can require balance confirmation ledger.
or under which AS says the auditor can require balance confirmation ledger.

Sir ,
While looking at TIS/AIS . I find one figure say Rs 4 lacs under head of ' Receipt of Foreign Remittances'. Now further same figures are also shown under ' Interest form Deposits' and TDS is deducted u/s 195 of ITax, in NRO a/c as it is a case of NRI Thus same figures are shown and treated under two different places in TIS . This income cannot be treated twice as income & its source of income is same. So why same figures are separately repeated under two different classifications.
What can be the reason and how to treat these same figures shown under two different heads whereas interest income is from same SFT. Can it be marked as 'Duplicate' as Feed back OR what else need to be done. OR simply to ignore the figures under " Remittances from foreign receipts. ' as informative only and treat only interest income ? TDS figures in required way.

Please guide on this issue.

One of my clients had started an application similar to PAYTM .
Now I want to know that how GST will be charged on my client if any payment or recharge is done through his app by any customer.
How will it be shown in GSTR-3B - like the recharge amount will be assumed as inclusive of GST and accordingly the amount will be shown in return or any thing else will be done?
What rate of GST will be applicable on the same?

Sir, I incurred an interest of Rs 5058 on saving bank account of central Bank of India.
This sb interest is being shown as deposit interest in TIS.
Do I need to request for rectification or show it as it is as income from other sources in deposit column as total of OS income remain same.