A Company, Machinery purchased during 2015, wdv Rs.250000, sold during 2021 for Rs.325000, what will be the GST liability?. Seller is registered in GST and buyer unregistered dealer.

Dear Sir,

Whether TCS U/s 206C (1H) is applicable on sale of HSD/Fuel to a single party and collection of payment more then 50 Lakh in a F.Y. Petrol pump has total sale in a F.Y. more than 10 Crore.

Thanks with Regards,

Dilip Baranwal

Please share your views " Whether TDS is required to be deducted u/s 194A on savings Interest?"If not please specify the provision.

Dear sir,
In the event one partner voluntary discontinuous from business and existing partner not get new partner in the firm. in such case can partnership firm convert to sole properties ship.
What is the impact on existing Firm pan card.
Please advise

An old genset was sold and it has salvage value only....the genset was sold to local feriwala...what to do ? whether invoice to be prepared and gst to be paid?

IS KFC APPLICABLE ON B2C SALES THROUGH ECOMMERCE OPERATOR?

Hi All,
A land was purchased in year 1985 under the name of unregistered partnership firm specifying the names of 4 partners . The partnership firm is unregistered doesn't have PAN or Bank Account all transactions of purchase were done by partners accounts and the land was sold in 2020-21 and proceeds were received in partners accounts . Taxability of Capital Gains should be in hands of partners or firm ?

Hi, after 31st March when Income Tax with Audit can be done at the earliest? Is there any specific duration?

Hell,

I am doning first transaction and sales material for the value of Rs.74 lac in Jan-2020, I had charged TCS on full value Rs.74 Lacs @0.075%. But debtors are ready to pay TCS on Rs.24 only (74 Lac-50 Lac). Now my query is that 50 Lac TCS Threashold Limit up to 31st September not an exemptions ?? please suggest.

Thanks & Regards,
Rajesh Kumar

One of My client is 70 years old and is running manufacturing business in the name of HUF , His wife and two sons are members of his huf out of which one son is married and the other is single. There is land , building and Machinery in the name of business. He want to divide his land , building , machinery and other business assets among his sons. How can he do so and is there any involvement of Capital Gain.