dear member
one of my client pvt ltd. has did agreement for purchase of 2 old JCB from mr A (individual) for Rs 50 Lakh on 1.5.2016 and agreement was canceled in 30. 7.2016. what is consequences for company (my client) and Mr A in eye of income tax. Please give me suggestion.

While exporting of Goods , is it require any reversal on Input tax credit?

Iam trader and I have also an exporter of goods. For the purpose i have buy goods from my supplier and claim ITC on the same. While exporting these goods i have not paid any GST among that. Is there any issue in that. I have use these ITC for set off my taxable supply.

Please tell me how the deduction comes out to be 25000 under 80D

He pays lumpsum premium of 1,50,000 towards health insurance for self and his wife for 48 months on 01.10.2019 by account payee cheque. He also contributes 1,50,000 towards PPF.

Sir, In Retail Industry the company gifted car to the customer ( contest Winner) worth of above 3L. The company has accounted in advertisement. Please clarify sir tds has to be deduct for the gifted item or not.

I have registered TAN of the assessee in the income tax portal and created login id and password successfully. I have also approved the pending action in work-list of the assessee's PAN login. Still when I am trying to login, following error message is being displayed : "The e-filing account associated with the above User Id has not been activated, kindly activate your user ID to login to e-filing portal." Can anyone please advise on the issue

Is there any certificate or License under Essential Commodities Act, West Bengal
If yes then is it mandatory or optional and where we can apply for this certificate or License

Hi Team,

I am a qualified CA, with 3 year's of PQE , currently working with a Big4. I am considering to go for Global Accountancy Qualification. Should I Consider ACCA? Will there be any value addition??
My future planning is to move abroad.
What other Options should I consider (CPA, CMA, etc.), to get Global Level Qualifications?
Please guide!

Please clarify the tax applicability of dividend income from following cases
My private limited company receive a dividend income from other private company
An llp receive a dividend income from company
Tax applicability when the Company opted 115BAA

Sir,

Is a Trader liable to pay Professional Tax ( Odisha)?

If so, how is it computed? On the basis of Turnover or on the basis of taxable income?

Sir, My company make payment to Hotel on the behalf of my client but take invoice in its name . then we bill to client after adding our markup. the client deducts TDS on entire amount. it is not possible to take bill from the vendor in the name of my client. Please suggest
(1) What should be the rate of TDS 10% or 2% .
(2) is it possible I send two bills to my client one for actual Hotel charges and other for my mark up, and client deduct TDS only on my mark up. I again mention that its not possible to take bill from hotel in the name of my client. The bill has to be in my company name .