Ours is a Sole Proprietorship Concern operating a registered Goods Transport Agency. Proprietor has let out two commercial spaces which is his ancestral property and showing it has Income from Rental income in his IT Declaration. And for rental income he is paying GST @ 18% also under firm's GST number itself. He is providing Man power for the sake of loading and unloading at one of customer's place for which we are including its cost in monthly billing other than transportation charges. And we were advised to bill Rent and manpower supplies with GST rate @ 18%. For transportation charges we were billing under RCM. We did not opt for Forward charge mechanism for Financial year 2022-23 and were not taking Input tax credit also. We want to go for FCM for Financial year 2023-24. But our auditor is telling since our proprietor is having rental income and manpower supplies under same GST number, we cannot give declaration in annexure 5 for opting FCM and not giving any clarification. But we want to go for FCM and avail Input tax credit facility as our main business is of GTA. Please give clarity about whole scenario and advice.

Thanking you,

Shalini RN

i am a real estate consultant.3 months back I received the money with 10% TDS deduction(GST not applicable) to my individual S/B account from the client. After three month I send back that money to the client because of deal is off. So how can i reverse the TDS from my IT records.

Can limit under section 186 of the Companies Act 2013 be calculated monthly ??

Or is it mandatory that this limit shall be calculated annually ??

There are two HUF. Ram HUF and Ravi HUF. Ravi karta of Ravi HUF is also a member of Ram HUF. Ram karta of Ram HUF passes away. The gold jewelry of Ram HUF transferred to Ravi HUF.
Ram grandfather and Ravi his grandson.
Is it taxable under income tax. Can the experts throw light on such a transaction please....

The assessed purchased a property for RS 7700000 in FY 22-23 at time and agreement was executed while circle rate was 8200000. Before the registry date circle rate was increased by govt to 9600000 The registry is still executed at 7700000 am FTDS deducted at 9600000 as circle rate was higher The assesses is in merchant navy Will the old agreement hold any value while assessing tax Or the difference be added to his incone also will his NRI status be in question as his incone in India will exceed 1500000 if difference is added to his incone

Read more at: https://www.caclubindia.com/experts/ask_query.asp

Received capital gains in Jan 2019.
Deposited in Capital Gains in IOB in Feb.
Paid tax on the capital gains in the same FY and Assessment year 2020-21. IT Returns filed, verified and got Back.
CG Deposit continued based on the understanding that it can be utilized on maturity.
CG Deposit Matured in Feb 2023.
Even though tax paid and refund filed and accepted, IOB asking for Assessment officer Certificate, even after submitting Auditors certificate, that the CG Tax is paid in the same FY and tax exemption not paid.
Please clarify on the need for getting assessment officer certificate , for the tax paid and returns filed CD.
Pamidi Venkateswara
9573965666
pamidivlu@gmail.com

Respected Sir,

If a director doesn’t have funds into his personal account and if he has deposited some amount after taking loan from outside whether in such a situation can the director give loan to the company

PLEASE GUIDE ME AND OBLIGE.

respected sir ,
when we expect notification ? any inputs

thanking you

hi
i m working as Architect we provide architectural service to local body (municipal corporation ) for their project planing as architect in 2015-16 project such as fire brigade building , school building ext similar buildings , as above notification show "Services provided to the Government, a local authority or a governmental authority by way of construction, erection, commissioning, installation, completion, fitting out, repair, maintenance, renovation, or alteration ...." are exempted in service tax ...
now department said me to pay service tax + fine +interest ...They say architectural service is not covers under above notification ..

My quotation is - is architectural service is exempted as per above notification or not???


plz guide me .

Thanks

GSTR-1 FILED AFTER DUE DATE IN THE YEAR OF 2018-19.
WHETHER TO PAY LATE FEES OR NOT ?