We are a gold dealer having a turnover of more than 5 Crores in a year. Usually, we send gold for job work (both registered and unregistered) to making ornaments from bullion. as per GST act we must show in ITC-04 from when GST established i.e 2017. but we have not file since then. so its compulsory to file from fy 2017-18 till now or can we file from this year. if we compulsory file from begging then how much fine will we have to pay?

I need a filled audit report in Form 10B for trusts for the assessment year 2024-25. Can the experts provide me a filled up Form 10B for our filing for Form 10B please.

Dear Experts,

We require a certified Income Tax valuer to determine the Fair Market Value for calculating the "accreted income" under Section 115TD, applicable upon the cancellation of 12A and 80G exemptions. The valuation certificate is mandatory for the submission u/s 115TD. Kindly help me to find the valuer.

Thank you
Komal Ameta

Dear Members

Our client ABC Pvt Ltd (Indian Parent Company), have 1 Wholly Owned Subsidiary company (100% share holding) in foreign country. The income of that Subsidiary is fully exempt in that country and hence no tax has been paid by the subsidiary company.
I need ur opinion on "Whether we have to declare profit of that subsidiary company in ITR-6 of Indian parent company as global income to be taxed in the hands of Indian Company ? or can we show this profit as exempt income in ITR-6 ?"

thank you in advance

Material received on 21/11/24 & due to defect same whole material return to party on 25/11/24
To deduct tds u/s 194 Q is required in first situation
And reverse the tds in second situation.
Or not showing tds in any situation
What is right way to show tds

Please suggest whether the private limited company need to deduct the TDS on Invoice of Meal Charges bought from XYZ Food Court.

If yes then under which TDS Section?

Thanx

We are a gold manufacturer and dealer in gold and diamonds having a turnover of more than 5 Crores in a year. Usually, we send gold and diamonds to job workers (both registered and unregistered) to polish, repair diamonds, refine and make new gold ornaments and for Hallmarking. We are booking the melting, refining and new gold ornaments making charges and hallmarking charges in PandL.

For the above cases, we are dealing only with suppliers / job workers within the state.

Is it compulsory for us to submit ITC 04 half-yearly?

The party 'X' made sale agreement with land owner, later government acquired land and issued the TDR to owner and such TDR sold to a builder in return builder paid certain amount Land owner and 'X' as the confirming party on the instruction of land owner by deducting TDS under section 194IA for both.

1. How and under what head such income should be treated by Mr. X since he is not the absolute owner of either land or TDR.
2. Since it is purchase cost for the builder he deducted TDS, hence it is considered as capital gain as per the form 26AS, and ITR3 form is selecting for filing. If so, since Mr. X is not the owner of either land or TDR and he has not transferred anything How the capital gain will apply?
3. if it is a business income and comes under 44AD and ITR4 is the applicable form and since there is a TDS us 194IA it is asking for me to declare capital gain.

Please guide us and provide suitable explanation & reference of sections of case laws if any.

reverse ineligible ITC in which column of 3B should I show last year's claimed ineligible ITC in this F.Y. year

My purchase on date 10 March 2023 and received goods in March 23 but late filing of gstr1 by supplier input not shown in March 23 2b, we book ITC in 22-23 at our book but claim the same input in April 23 as per April 2b. Now the same input claim where to show in 23-24 gstr9 . This year table 8a auto populated as per 2b