Dear Sir,
One of the brick manufacturer has purchased a JCB machine of his brick kiln. Now he wish to refund of itc of said JCB machine. What is the procedure for the refund of itc of capital goods.

Please advise me.

SIR/MAM -

We are the Partnership firm, having the turn over below Rs.1 Cr., and had commenced our business in 2020-21.

We are hiring our 7 trucks to GTA Pvt Ltd Company.
Can we file ITR u/s 44 AD ?

If yes? Can show the profit as 6 % on receipts and payments?

Plz guide us
Thanks in adv

For non deduction of TDS While remitting funds to non resident on account of business income Tax residency certificate of Foreign Principal is necessary or Certificate from NRI that No Permanent Establishment in India is enough

Can AOP be converted in to Partnership Firm ? And how to change PAN details? If yes give me the detailed procedure for the conversion of the same . If no please give the reason for the same.
Awaiting your earliest reply.

Vinod Kumar K.G.
vinod.vsf@gmail.com

My son is working in it sector with on salary basis. He wants to work as freelancer in his spare time with another it company. Can he work as employee of my huf and get honararium from huf and the huf can get the freelance work fees as huf income? If yes, what will be huf's tax liabilities? Presumptive or actual basis?

Is HSN/SAC code is also mandatory in case of supply of HSD/Fuel, supply of water through water tanker (GST not applicable on tanker water) and unregistered sub-contractor & supplier and supplier under composite scheme.
Kindly confirm.

Thanks with Regards,

Dilip Baranwal

One of my friend's father received notice from Service tax for FY 15-16 for non payment of service tax liability
his father is carpenter and he has filed return for getting home loan from bank. in his return, it shown gross receipt more than Rs 10 lacs. whereas as per bank statement no such receipt.

Now service tax department sent notice with reference to income tax return for particular period.
department asking to pay Rs 1.5 lac and settle liability. which next to impossible for such poor man.

any way out, please let me know

It Assess every year in-time returns filed.recently notice sec 148 f.y.15-16 from it department .but sec 147 another sec mentioned in notice.
Question:
What sec 148 and sec 147.

I have a industrial property and doing work there and on the other hand in that building there i have residental quarter rooms now i want to give these residential quarter for rent to near by laborers , and i have a GSTIN number and my turnover is above 40 lakh per year , kindly suggest me can i charge 18 % gst on residential quarter rent or not ?

I am a retired bank officer retired on 31-12-2017. After 11 BPS I got Arrear gratuity of Rs.3.5 lac . previously i got 10 lac as gratuity when retired. That time as per central govt Rs.20lac gratuity is exempted for tax. from 30-03-2018 banking industry also introduce Rs. 20 lac gratuity ceiling.
my question whether arrear gratuity iwill be taxable now. or commutation of pension is taxable. please answer quoting section of ITax.