Dear All,

I need guidance in regard to filing of required letters format and documentation but without help of agent or lawyer. Please 🙏 guide me...

Thank you and Regards,
Kanchan
Kulkarnikanchan1988@gmail.com

I am a contractor involved in construction of residential houses.
Most of the work has been assigned to sub contractors on works contract and completing accordingly.
If my sub contractors are not covering under GST, whether am I need to charge GST to my clients (whether gst is applicable)?
I think in Works contract we can take input only in case of furtherance of business only?
Please advise.

I am currently serving my articleship which is set to complete in april 2025. Due to an excess leave of 120 days, I am seeking clarification on the possibility of serving the remaining extension period with a new principal.

Can a nil tax return be filed u/s 139(8A)?

Please share your views with reference to filing experiences.

HI

UNDER SECTION 54 ANY REBATE AVAILABLE FOR SHORT TERM CAPITAL GAIN FOR AY 2025-26
FY 2024-25?

Hi,

As per the the JDA, the builder has given payment of rs. 10 laksh to landlord as non refundable security deposit and in his books as payment to landlord under profit and loss account.

Whether this amount is included or excluded for calculating 80% : 20% rule for RCM payment ?

There is a sale of residential property in current year after July 2024 budget which was purchased in year 2001 if we take benefit of COI(i.e. old regim) then other income such as business income , rent income etc. can be shown in new regim scheme???. I understand that there is no connection between the selection of regim for calculatioin of capital gain tax in new and old regim and rest of income under old or new regim.

I have recd through a will my father's property which comprises of a house built on a plot in harihara a town in karnataka. I want to know whether any tax will have to be paid me after sale if do how much . Iunder which section i have to show the income from salecof property in mu income tax return. Thanks

The recent CBIC clarification via Circular No. 231/25/2024-GST dated 10.09.2024 indeed resolves the ambiguity by confirming that ITC is allowed on demo vehicles, provided they are used for further supply and capitalized in the books of accounts.

My Question is :-1)Can We claim ITC as above notification basic  Demo Car Insurance ?

2)also We can claim itc Repair and Maintenance demo Car  ?

Respected Sir

in case of Individual & HUF When it Compulsory to obtain TAN ?

Some Consultant Said it is based on t/o and Some said it is based on Audit

now if it is based on audit than

44ABa-Clause 44AB(a)- Total sales/turnover/gross receipts of business exceeding specified limits;

44ABe-Clause 44AB(e)- When provisions of section 44AD(4) are applicable;

if t is based on audit than both Section of Audit TAN is applicable or Only 44AB(a) Audit applicable for TAN Requirement