The date of birth of one of my clients is 19.03.1948, He has received and to be received up to 31.03.2023 dividend worth Rs.780360/- U/s 194K and tax deducted (with to be deducted) is Rs.78036/- as on 31.03.2023. He has invested Rs. 79140/- towards mutual fund as well as purchased NSC worth Rs.150000/-, per U/s 80C. He has got PF pension income worth Rs. 26380/- as on 31.03.2023 also. Will he have to submit a return of income for the A.Y. 2023-24 per U/s139 as usual? Is U/s 194P applicable to him? Kindly send your valuable opinion. Regards, Tarak Kumar Roy, 150/1/1, Banerjee Para Road, P.O. Naihati-743165, 24-Parganas (N), West Bengal.

Sir,
A registered jewellery business dealer notice received from gst department sec 15 rule 28 under declared turnover treatment mentioned below
Dealer purchase of jewellery transaction daily rate at market
Dealer sales of jewellery transaction daily rate at fixed price selling to customer
Question:
Dealer purchase rate at market and sale rate fixed price under declared turnover treatment in gst act.

I am the managing Director of a Private limited company which is closely held. My husband, sons and I are the Directors.
Now I have got some 15 acres of landed property. I want to assign equal acreage of land to my sons who are the Directors enabling them to develop on their own by setting up business or manufacturing hubs.

Articles of association permits such transactions and if needed I can modify the clause.
Please advise as how I should carry out this as I want to settle the issue as early as possible, satisfying both parties, Tax and Children. I should not also be burdened.
Thanks.

ONE TAXPAYER IS ALREADY REGISTERED UNDER GST A/C WITH BUSINESS ACTIVIES : SERVICES PROVIDER (WORKS CONTRACT). BUT HE IS GOING TO BE DOING ANOTHER ACTIVITIES WHICH IS EXPORT (EXPORT OF ANY ITEMS).

PLEASE ADVISE ME THAT IS IT HE REQUIRE TO TAKE NEW GST REGISTRATION WITH SAME PAN NO. ? OR IS THIS FINE TO DO BOTH BUSINESS ACTIVITIES WITH ONE GST REGISTRATION NO..??

Can I claim fully (One Installment) Input Tax Credit on purchase of Capital Goods where the business is completely involved in supply of taxable goods ?

Dear experts, i have one query regarding issuance of notice under section 148. IT can only issue notice to 3 years if amount is less than 50 lacs. Now this 50 lacs is for one F.Y. or it can be for combination of multiple F.Y. as well like 10 lacs in one f.y. 20 in another f.y. and remaining 20 in another f.y. thanks in advance.

MR . A PROVIDES SERVICE FOR SALE OF PETROL & DIESEL AND HAVE ITS OWN TRUCK FOR TRANSPORTATION OF DIESEL & PETROL.

THE COMPANY FROM WHOM MR. A PURCHASES PETROL, USED TRUCK OF MR . A TO PROVIDE SERVICE OF TRANSPORTATION OF PETROL TO THIRD PARTY AND RAISE INVOICE IN THE NAME OF COMPANY AND REIMBURSED SOME MONEY TO MR . A

SINCE MR. A RECIVED MONEY FROM THE COMPANY , IS HE LIABLE FOR PAYMENT OF GST ?
IF YES UNDER RCM OR FCM ?

What is the intension of government or GST council for blocking ITC on construction expenses on immovable property(Building), where in the case of Plant and machinery the ITC can be claimed?

Hello,

We have deducted TDS @10% as per DTAA - as mentioned in 15CA form.
Its for technical service.
There is demand raised by TRACES that it should be 10% plus Cess = 10.40%

If TDS is deducted for payment made to Non resident company and if the rate is as per DTAA - then Cess @4% is applicable ? please guide. If no, then is there any specific option to be chosen for that while filing the return??

please provide me an excel format calculator for tax deducted at source calculator on monthly basis. for fy 2022-23thank you