Respected Sir,

Ours is a private limited company and we have purchased a truck from some private limited company as upon which the truck seller has deducted 1% TCS and the TCS is not reflecting in 26-AS. Please advise me what to do in such case. Can I claim in my income tax return. Which form for claiming TCS I should obtain from the truck seller.

Please guide me and oblige.

while filling form 3CD is it required to fill the Clause 27(a) for GST input tax credit availed and utilized in the previous year??

Dear All,
A doctor has 9 Lakh Rupees business income and is showing income above the limit of 50% specified under 44ADA.

But for his personal purpose, he is maintaining books of accounts. He is showing a profit of Rs 6 lakhs which is above the minimum profit of Rs 4.5 Lakhs and hence is getting taxed more.

My query is, is It is a prudent practise to pay more tax ??

Hi All,

Car is registered in the name of the director of the Pvt.Ltd. Company. But Car is used exclusively for business purpose and shown in books of accounts of the company. can depreciation be charged under Income Tax Act under the name of the company?

Sir,
Interstate Transporter GR shows Rs. 1015-00 as a transportation charges I paid the amount to their Local Delhi office Rs. 1195-00 which includes Rs. 180-00 as a delivery charges can both amount attract 5 % reverse charge or delivery charges attract gst rate as per bill rate

brother is giving gift in form of money (cheque) Rs. 18 Lakhs to her sister , how much stamp duty is payable or on how much stamp paper ? is Income tax payable or exempt

region- Navi Mumbai
State - Maharashtra

Good afternoon All,

I have a query pertaining GTA services as follows.

if GTA take following service

Services Net amt CGST SGST
Stationery 5000 120 120
Purchase computer 40000 2500 2500
Total 45000 2620 2620
Total GST 5240

Then if, GTA provide GTA Services to dealers

Services Net amt CGST SGST
90000 2250 2250
Total GST 4500

or
90000 5400 5400
Total GST 10800

1. at the time of filing, if GTA paid the GST @12% then how much amount he will avail the Input tax credit ?
Answer 5240
or
4500

2. Is the recipient can avail the Input tax credit on the same ?

Answer Yes

No

Hello All,

I am a Director of a Pvt Ltd company and hold some share of the company(not listed) but doesn’t have any income or profit till now.

Also am working as a regular salaried employee in another pvt ltd company and income is less than 20lkh per annum

This is the only income i have, so wish to know which itr should i file for Fy19-20

Thanks

Dear Sir

Could you please help, to understand, whether from oct 2020 , we have to take ITC only for those invoices which is reflected on GSTR2A, Means uploaded on GST portal or still we can claim ITC on invoice basic.

Please revert on the same

Dear sir,
In fy 2018-19 turnover was 1.70 crore and had audit. Now in fy 2019-20 turnover is only 30 lacs, whether can opt section 44AD or had go for audit?