There is hospital and medical store under the same PAN in the constitution of Private Limited Company and it has applied for GSTIN. The hospital is wishing to pay professional fees to their directors who are doctors by profession.
Then whether the company has pay GST on reverse charge basis on the professional fees?
If paid in reverse charge then whether it can be claimed as ITC ? or it has to proportionately used for taxable supply and exempt supply?

Mr. X was an employee in an organization for 3 years. He had an account with the EPF. After 3rd year X resigned and joined a new firm. X forgot to transfer his existing EPF account and he opened a new EPF account with the new employer. now X is working under the new employer for 2 year. so overall he is worked for a period of 5 years. (old+new employer). since its been 5 years of service, can x withdraw the accumulated balance in EPF account under his old employment. Is it taxable?

Hello sir

We (Partnership firm) have some expenses of conducting games for students while conducting we incurred like hall booking charges, lights and sound charges etc. we treating this as a donation in our books because it is apart from our business expenses, my question is do I need to deduct TDS for the this ? kindly help pls..

last date of claiming ITC for 2018-19 is September 2019. Can anyone plz explain me how to claim ITC in case of previous months' bills?

I have filed return of my mom last year
In the return i have shown building of rupees 700000
But depericiation not charged
But i have shown it in the block
But in real this building is not for business purpose
And we do not use this for business
In the py 2018-19
Sold date i e on 13-1-19
We sold the property for 1060000
Now how i should treat this

As a capital gain or as a pgbp (block)

If i take as a capital gain
Than no tax
Because of indexation

But if i treat this as a pgbp
There will be tax bcs my block become nil
How i should treat this.
I have no investment till now


Question

1 if i show as a cap gain
Whether chances of notice are there or not
2 whether to treat this as a cap gain or block pgbp
3 which itr i should file if my mother has 50000
Also business income
4. If notice come what was the interest implecation

Plz help me how to fill f&o loss in itr3. I got trading p&l statement from my broker. Added net positive figures 300000, filled in sale of services in ITR3. Added negative figures filled 500000 in purchases column. Arrived net loss. Am I correctly doing. Plz tell me any one.

Kindly guide me in this query.

While filing ITR for a partnership firm,
Total Sales – Rs. 25,00,000
Net Profit before interest and salary– Rs. 4,50,000
Interest on Partner’s Capital- Rs. 75,000 Salary to Partners- Rs. 250,000

Net Profit after Interest and Salary- Rs. 1,25,000

Criteria for 8% of turnover is net profit before interest & salary or after interest and salary ?

Kindly advice me on the same. So, since 1,25,000 is less than 8% , does it qualify for tax audit ?

Sir, we.are a takeaway restaurant in Greater Noida registered with zomato. In the current financial year we have now crossed sales of Rs. 20 lacs. Zomato is insisting that we apply for GST number. My view is that from 1/4/2019 the threshold limit for GST registration is Rs.40 lacs. I request your expert advise. Thanks.

Kindly guide me in this query.

While filing ITR for a partnership firm,

Total Sales – Rs. 25,00,000
Net Profit before interest and salary– Rs. 4,50,000

Interest on Partner’s Capital- Rs. 75,000
Salary to Partners- Rs. 250,000

Net Profit after Interest and Salary- Rs. 1,25,000

Criteria for 8% of turnover is net profit before interest & salary or after interest and salary ?

Kindly advice me on the same.

So, since 1,25,000 is less than 8% , does it qualify for tax audit ?

Reference to ITR-2 for FY2018-2019(AY2019-2020),
How can a seafarer/seamen mention about his NRI status in the ITR-2 form.
i want your guidance about filling of the RESIDENTIAL STATUS of PART A.(d)(C):
You were a non-resident during the previous year.
(i)Please specify the jurisdiction(s) of residence during the previous year
Jurisdiction(s) of residence : we are always on board foreign ship sailing around the world, not having any residency. so should i mention my ship name. But,Some body told that drop down menu is getting with country codes, if so we can not fill our ship name?
Please clarify me on the above?. is it possible to fill up our ship name?!.Or not.Here on our ship,we could not access the same due to our internet band width!.So can some experts advise?.

Apart from the above, Taxpayer Identification Number(s) : can we fill up "NA" (As WE DO NOT HAVE ANY TAXPAYER IDENTIFICATION NUMBER). Just found that Circular No. 18 of 2019 states below
Question.1: I am a non-resident. The Taxpayer Identification Number (TIN) is not allotted in my jurisdiction of residence. How do I report the same in the column on “residential status”?
Answer: In case TIN has not been allotted in the jurisdiction of residence, the passport number should be mentioned instead of TIN. Name of the country in which the passport was issued should be mentioned in the column “jurisdiction of residence”.
Based on the above, as we arel not be having any foreign passport,i presume that we can furnish our PASSPORT NUMBER OR OUR CDC NUMBER for authentication as a seamen !.
Am i right about the above interpretation?
Apart from the above is it also required to fill up the below part(ii)
(ii) In case you are a Citizen of India or a Person of Indian Origin (POI), please specify -
Total period of stay in India during the previous year (in days) : 180 Days
Total period of stay in India during the 4 preceding : 720 Days.
do we require to fill up part(i) and part(ii) also or only part(i) is sufficient?!
is the above is correct way?!.
Can you please guide me sir.

Thanking you in advance.
Srinivas Mullapudi