Tax treatment of bond amount paid by employer to employee My client paid bond amount to employer Rs 300000 now he want to claim such Rs 300000 as deduction from salary can he do so if yes please send me judgement and also mention legal case of the same so I can understand properly
Assess maintained a private hospital.fees collected details mentioned below.
1. Room rent rs:3000 per day
2.food and meals rs:1000 per day
3. Consultations doctor fees rs:2000 per day
Total rs:6000 per day * 3 days Rs18,000/- billing collected.
Question:
Assess tds deducted sec 194 j applicable and tds rate of tax applicable on hospital billing or doctor consultation fees only.
One of our clients is 100% subsidiary of a foreign company and provide services (export) only to the foreign parent company.
For this there is a contract where they raise an invoice on monthly basis to the parent company which has a markup of 15%.
Due to unforeseen business reasons our client will not be providing any services for till end of the year and hence no invoice will be raised.
From Transfer pricing Income tax point of view, will there be any challenges? Will Income Tax department, based on the contract consider any deemed income?
Thanks you in advance.
A taxpayer at present gst regular scheme registered under gst act.tax payer both type of goods and services business running.if a tax payer gst regular scheme conversion( change) to composite scheme registration
Doubt:
Tax payer for selling goods turnover limit rs:1.5cr pay tax @ 1%and for services turnover Limit rs:50 lacs pay tax @6% total composite scheme dealer turnover threshold limit rs1.5cr or 2 cr applicable in gst act.
Respected Sir,
Our Sales Turnover is less than 5 crores and we have not paid GSTR-3-B liability for the month of June 20 as yet. If we clear the said liability latest by 31st Aug 20, whether we will have to pay interest and late fee both. Whether interest and late fee both shall not be waived because of the category of less than 5 crores sales turnover.
F.Y. 2017-18 As per accounts ITC is 100000/- and same was availed in GSTR3B but in GSTR-2A is Rs 75000/-. If i file annual return then will i have to pay difference amount of Rs. 25000/- with interest. I have all invoices.
Sir, I own a goods vehicle. I purchase coal from market and sell the same to my client. Sale proceeds received by me is including freight (my own vehicle). I am registered as composition dealer in GST. It is learnt that goods freight is exempted from GST. In my case, whether I will have to pay GST on entire sales proceeds of coal (transported by my own vehicle) or approx. tpt.charges to be excuded from GST turnover ?
We have taken one aircraft on lease from a USA company. Can the USA company charge GST on Lease Rent or we are liable under Reverse Charge.
SIR
We are GTA and have purchased bio-diesel for our trucks. Our Trucks are available at garage all over Tamil Nadu. We should take bio-diesel to go to each garage and fill up diesel to each of the truck.
In this case, what are the documents are required while,
1) to deliver the bio- diesel to our garage?
2) At some times, the balance of bio-diesel is to be return back to the
principle place of business?
3) In case some of trucks are under sub-contract.
guide me plz
thanks in adv
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