Dear All
If any rent free accomodation is provided to any consultant or professional as per their contract then that benefit will taxable u/s 194 R or not , when yearly total expenses exceeds Rs 1 Lakh ?

Regards

My case is related to FY 2018-19. It's assessment was done u/s 73 with demand of tax n penalty.I moved to appeal where it was rejected. Now can I take benifit of Amnesty scheme. What is its requirement and time limit.

Dear Sirs,

We filed Form 1 under the Direct Tax Vivad Se Vishwas (DTVSV) Scheme on 31-01-2025. However, as of 06-03-2025 (beyond the 15-day timeline), we have not yet received Form 2 from the CIT. The portal status remains "Awaiting Form 2 from CIT."

Could you please advise on the usual processing time for Form 2 issuance? Is this delay normal, or should we take any further action to expedite the process?

SECTION 194T PAYMENT TO PARTNER OF FIRM - BECOME APPLICABLE FOR REMUNERATION AND INTEREST PAID DURING THE FINANCIAL YEAR 2024-25.

We issued a credit note of ₹35,00,000 to an interstate party and generated an E-invoice for the same. However, due to an oversight, the amount was classified under the exempt category instead of the 12% category. The credit note was raised on 12-02-2025, and cancellation is no longer possible.

Can this correction be made while filing the GSTR-1 return?

How technologies company pay tax. And what are the process to register company

I appeared in GROUP 2 Inter in Jan 2025 under 2D and scored 29 in audit, 61 in fmsm. My result shown as "Unsuccessful-EX".My doubt i got exemption for fmsm or not ? kindly clarify.

Dear sir/s, what is the limit of cash purchase per day

Can trust be convert into section 8 company.
Procedure and process to convert and documentations

Dear All

Plz confirm , whether following RA bill procedure is correct or not for contractor from GST bill to bill reconciliation point of view ?

Ra Bill -1 (GST Bill)

Total Basic contract RA bill valaue Rs 10,000/-
Less : Retention Amount Rs 1,000/- (Not claimed by contractor as per contract terms
for security,safety & deduction clause)
Net Bill Value Rs 9,000/-
GST 18 % on Net value Rs 1,620/-
Total bill value for GSTR-1 Rs10,620/-

Final Ra Bill (GST Bill)

Total Basic contract Rs 1,000/-
(Balance Pending retention Amt)
GST 18 % on Net value Rs 180/-
Total bill value for GSTR-1 Rs 1,180/-

Only In above cases , GSTR-1 (Contractor) & GSTR2B (Contractee) will match properly with out dispute or reconciliation.

Regards