I have a non-monetary perquisite (Gifts, vouchers etc.) from my employer amounting to Rs. 14,075 and my employer has paid tax on this amounting to Rs. 4,390/- in FY 21. Should Rs. 14,057/- be included in Value of Perquisite and Rs. 4,390/- under Less : Allowances to the extent exempt u/s 10 - Section 10(10CC)? If the answer is yes, I still end up paying taxes on Rs. (14,075 minus 4,390) = 9,685/- and I get almost no benefit by the tax paid by employer. Am I missing something? I am looking for an answer for tax filing under Old Tax Regime. Please help/advise.
Hi,
I intend to work for 2 companies at same time / full time (both are multinational services companies).
1.Does an employer has access to my Form 26AS..
2. Can one employer see my tax deducted (TDS) by second employer.
3. Is there any way finance department of one employer can know if i am working somewhere else.
Thanks,
NK
SIR / MAM -
I am a trader.
I buy the goods directly from the manufacturer and supply to my
customers.
Manufacturer charges the freight till my customer end.
This means, I do not pay the freight.
Hence, I am not liable to pay GST on that freight.
I think, this concept is correct.
Give me your opinion plz
thanks in adv
Sir One of our client is traders in handloom sarees, he was registered under GST act as regular, he has filed continuously and paid due taxes also, and his turnover is more than 2 crore, but in this year he has give a loan of Rs 500000-00, to his friends and received interest on the loan, my question is interest is exempt or taxable under gst. .... please
Dear Experts,
During the FY 2020-21. goods of Rs. 1.55 Crores were sold to the customer. TCS was collected on the receipts form Oct 2020. On 31st March 2021 outstanding balance Rs. 80 Lacs.
This outstanding balance will be received in May 2021. Further sale will also be made in FY 2021-22.
Whether TCS have to be collected from the customer on all the sale made him in FY 2021-22?
Whether the limit of Rs. 50 Lacs have to checked again for FY 2021-22?
SIR- I am a trader registered under GST. I plan to buy a material from Unregistered Person for Rs.43,800/-. Actually, He had purchased that material in the last year with gst invoice (18%) for his own use and he had paid Rs.41,570/- including GST Rs.6,342/-. Now he is ready to sell it with some margin i.e Rs.41,570 + 2500 = Rs. 43,570/-.
In case if I buy it, Should I pay GST on Rs.43,800/- (i.e) Rs. 7,884/- at the time of my sale?
Clear My doubts plz
Thanks in adv
Is there any way to file revised IT return for the AY 2020-21 after the due date of 31st March,2021?Please explain in details.
Sir
Humlog ney 1 house purchase kiya hai jiske 3 owner hai. So Sir ITR mai kaise show karenge isko ji.
And loan bhi liya hu against house.
So please advice ji..
I am a chartered accountant based out of Faridabad. I am having experience of 6 years and currently started my own practice . I need work on Retrainership / assignment basis. Please help.Do contact
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