I am an Tenant (Individual under INCOME TAX ACT) paying rent of exactly Rs.50,000/- per month. As Sec.194IB makes it mandatory for tenants to withhold taxes on rental payments, over and above Rs.50,000/- p.m., am I still required to deduct TDS @ 5% for F.Y. 2019-2020?

Our Hospital is under a Educational Trust which have a 12AA Exemption from income tax department.
now our question is ?
1. if we make pharmacy under Trust pan no. then we can got examption u/s 12aa on pharmacy profit
2. Can we claim ITC of Medicine bills full or proportionately under Gst Act.
please give your correct and prompt advised.
thanks

Hello

Our client company has long term capital gain of say Rs 50,000 after grandfathering benefit. LTCG upto 1 lakh is exempt from tax. While filing ITR 6, we found that after filing sheet 112A - Script wise disclosure, Capital gain appears in Gross total income. It appears as capital gain chargeable to tax at special rate in CG sheet as well as Total Income sheet affecting our gross total income. Thereafter, while calculating tax at special rate, ITR mentions it as ZERO. 

My question is that LTCG  below 1 lakh forms part of Gross total income ? if not, shall we not suppose to disclose capital gain below 1 lakh in CG schedule ? kindly clarify. 

hello sir/madam,

i have a clients they want thier interior works to be done like, kitchen, wardrobe, furniture and fall ceiling in thier own house.

at same time i have carpenters friends who can do this job..

my role is i get advance from my clients,buy materials,and hire carpenter and finish the job..
so i have to issue a invoice to my client . with out disclosing my expenses in materials, amount paid to hired carpenter..
so in what category in cum under SAC and how can i register my self in gst

Please advise on the process for application for Fellowship

I'm a salaried employees with with 2 residential property but no earning from that. My first property is self occupied. I'm the first named joint owner of second property, jointly with my husband. The second property was fully funded by my husband thru bank loan and all IT benefit was claimed by him. Also in his itr he shows his share as 100%.
Should I use itr 1 or 2?
As there's no income or benefit from 2 property, can I file itr1

Dear Sir/Mam,

1. What is the time limit for depositing amount of Capital Gain in Capital Gain Deposit Scheme for AY 2020-21?

2. If not deposited within time, then what other options are available for claiming exemption u/s 54?

3. And for claiming deduction u/s 54 (Capital Gain Deposit Scheme), Individual should hold ONLY ONE HOUSE Property, on the date of transafer?

What is the difference between both these sections

SECTION 194 - J-A

and

SECTION 194-J-B

PLEASE GUIDE ME AND OBLIGE.

Sir
We are the Goods Transport Agency (GTA) registered under GST and have supplied the truck for supplying the goods from Mr.A (supplier) to Mr.B (receiver). Both are refusing to generate e-way bill. Can we generate the e way bill?

till i know, Part-B can be filled by us only if the supplier or receiver of goods fills Part-A of e-way bill and issues the e-way bill number. am i right sir?

guide me plz
thanks in adv

Dear sir,

If a father transfers a sum of rs. 50 lakhs to his daughter and daughter transfers the same amount to her brother's wife... Brother's wife purchased a new house out this of that amount and gives on rent.. in whose hands the rent income will be taxable?