I have incorporated a new Limited company in FY 2019-2020 and wants to avail the complete benefits of Deductions/Exemptions. What would be the Corporate Tax rate & MAT rate (Both including Surcharge & Cess). Projected Income would be 7-8 Crore.

An Indian company has participated in an exhibition organised in a country outside India. There they had hired an agency (say, NR Company) for making stall for exhibition and has to pay them in USD. Is there any liability for TDS U/s 195.

India is not having DTAA with that country. But the NR company is not having PE in India and also the services have been rendered over there and not in India.

Guidance sought in the case please.

An Indian company has participated in an exhibition organised in a country outside India. There they had hired an agency (say, NR Company) for making stall for exhibition and has to pay them in USD. Is there any liability for TDS U/s 195.

India is not having DTAA with that country. But the NR company is not having PE in India and also the services have been rendered over there and not in India.

Guidance sought in the case please.

Dear Sir,

In case if we not FIle the GST Returns from last year & The GST number was cancelled by GST Department but If We file all the pending return in Nov. Month , So, It's possible to reactivate GST Number

If Yes, Please give me a better advise What to Do????

In Month of OCT GSTR -3B if ITC figure is negative 20% ITC rule is applicable??
For Example : I have 5 Purchase Invoice which ITC total is 5000 & one DN which ITC is 10000 all detail are show in portal but when we show ITC figure its Purchase - Debit Note now how to show in GSTR -3B because figure is nagative ???

Can we give Consolidated wages or Salaries by cash >10K ? if we can give at what section applicable in Income Tax.

Sir I have purchase a motor vehicle under gst regime and input credit also not taken on purchase on motor vehicle. I want to sell the car please tell me the gst applicability on sale of motor vehicle.

Dear Experts,

I have kept some business assets ( Furniture, Electrical installation, Tools & equipment and cars) in my books of account, now i want to closed my business and sold above assets, Above assets purchase before GST regime and claimed MVat & central excise and as per tax audit block of above assets is nill. I have purchase furniture in FY-10-11 and till date wdv is-1.36 lakh as per books & as per income tax, and electrical installation & car purchase in FY 10-11 and wdv as per books is 5.55 lakh but as per Income tax wdv is nill, Tools & Equipment purhcase in FY-12-13 and wdv is-1.95 lakh as per books and as per it wdv is nill. I want to sale above assets, so how i can calculate GST payable on above assets, In case of Car I have not taken Central excise & M Vat credit.

Thanks & Regards

MY CLIENT IS AN LIC AGENT. HE GETS COMMISSION FROM LIC. THERE ARE ALSO DEDUCTED SOME TDS . NOW HIS RETURN WILL FILE IN ITR 3 . I SELECTED HIS NATURE OF INCOME AS BUSINESS & PROFESSION AND HIS TDS TYPE AS OTHERS SOURCE.
NOW MY QUESTION IS,
1)WHAT IS HIS NATURE OF INCOME WILL APPLY HERE? BUSINESS AND PROFESSION OR OTHERS SOURCE?
2) WHAT IS HIS TDS TYPE WILL APPLY HERE?BUSINESS AND PROFESSION OR OTHERS SOURCE?

Dear experts
a partnership firm has been closed the business by slump sale. A new partnership firm has taken over the business.
How do we file ITR of old partner ship firm? There is no balance sheet on after slump sale? Then how can we file ITR without BS?

What is the procedure to surrender PAN?

Can you please help to me to resolve it?