Mr X received gift ( Resi.Plot ) from his daughters husband.

Daughters husband had purchases such plot of Rs 5 lakh &at the time of gift govt value of such plot is 15 lakh.
I have question that what will be the tax in the hand of Mr X after receiving the gift from daughters husband ?

& what will be the tax in the hand of daughters husband after giving the gift to his father in law ?

Dear Friends,
A and B are husband wife. A is working in a Pvt co while B is a housewife.
They purchased a society flat in Noida in Joint name and A took a home loan of 15 lacs from ICICI bank both are joint applicant. They have taken possession of the flat in 2017 and since then it has been let out. The rent is transferred by the tenant in their joint account.

A files his ITR showing salary income plus rent received from Noida Flat and B also files her ITR for her interest income but not taxable.
The home loan will finish in Aug 2025. But A wants to close the loan in 2023-24. As the interest on home loan is now not much.

A sought an advice for the following query:

Suppose in 2023 A close this home loan.
Post prepayment of home loan can A show the house rent income in her wife B's ITR or 50-50% in the ITR or both A and B to minimize the tax burden.( As a result of this the rent income and deduction for home loan interest will nullified to some extent). or even now prior to closure of home loan.

Thanks & regards
PC Joshi

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.

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Hi

GST Register dealer is a Work contractor doing government works for previous and current financial years i.e., 2021-22 and 2022-23.

The dealer has filed GSTR1 and GSTR3 Nil returns from November 2021 to October 2022.

But the department has cut GST TDS CGST 1% and SGST % from November 2021 to October 2022. But for those months the dealer did not file a TDS credit return and TDS credit was not taken.

This dealer turnover is below one crore.

Can the dealer file GSTR9 and pay tax through DRC03 for the financial year 2021-22? Or is there any other way?

Can all bills related to the financial year 2022-23 be taken in GSTR1 for the month of November 2022 and tax paid through GSTR3B? Or is there any other way?

We request you tell us how the dealer can file the returns and pay the tax for the financial year 2021-22 and 2022-23.