Sir
We have two type of Income:-
1. Maintenance Income
2. Rental (Residential Property ) Income . We give rent to Residential purpose.

We make invoice ( Sales Invoice) for Rs 37,000/- as a Rent (Residence purpose) and Rs 2,10,000/- as a Maintenance Income

We received A Invoice from Security Service Provider. They Not charge GST in their Invoice. They Mention “ GST on reverse Charges basis”
Now Question is :

1. Should we Charge GST In Rental Invoice? If yes, what is the Tax Rat?
2. Should we Show for Rs 37000/- as Rental (Residential Property) Income to GSTR 1 and 3B? if Yes, then which column we show the Amount ( Rs 37000/-)
3. Should We Pay RCM (Invoice from Security Service Provider) and what is the Tax Rate?
4. Should we take ITC of Invoice from Security Service Provider?


Please Guide us the Proper TIPS

With Regards

Anshuman Basu

Dear Experts,
If an Assessee is involved in the business of Servicing Apartments and files such income under the head "Profit or Gains from Business Or Profession" and one of the Client has deducted TDS u/s 194I pertaining to rent and we have availed such TDS for our PGBP income as such income is our main business filed under the head PGBP.........Mean time we have received a notice from the IT department for Adjustments u/s 143(1)a and we have disagreed..,.Later we have re- processed the returns and now we are receiving Notice u/s 154...Does anyone guide me how to proceed further?
It would be great help if anyone would reply to this query!!!

Dear Members,

Please help me on this issue:

Mr A is planning to buy a house from Mr B, but the property (flat) is in the name of his wife (Mrs B). Mr A is buying this property for Rs 50 lakh and the amount sanctioned by bank is Rs 40 lakh which Mr B wants in following ways:

1) either in his account to avoid any tax liability payment on his wife
2) Mr B has one more property which is mortgaged, can he repay the balance loan amount from this consideration and aviod the Capital Gain tax.
3) any other option like in the form of Gift to Mr A

kindly note this property is considered as Short Term Capital Asset.

Thanks and Regards,

I am a partner in LLP that has profits.
I am having long term capital gains.
Which form should be used for LLP and which form for personal

Instead of ITC, Purchase value (purchase invoice value) for the month of Jan 2018 was wrongly claimed as Input tax credit. Is there any way to correct through GSTR-9 form, if yes how?

Dear All,

I have taken a residential flat on rent in Mumbai for Rs. 70,000/- per month which has two owners i.e. the husband and wife are co-licensors in the leave & license agreement.

Every month, I transfer Rs. 35,000/- to the husband's bank account and another Rs. 35,000/- to the wife's bank account separately.

Since, the rent paid to each landlord is less than 50,000/- per month, are provisions of section 194IB attracted in respect of the said rented property?

Am I liable to deduct TDS on the rent payment u/s 194IB of the Income Tax Act?

Thanks

Dear Sir,
An invoice pertaining to March 18 is wrongly reflecting in my GSTR 2A. On perusal I found that it is wrongly credited by a supplier in my name. What are the remedies available and what action to be taken on my part or on the part of supplier.
Kindly suggest me the course of action.

Services are provided for the month of march 2019. Bill is raised on 1st April 2019. Should sale of services be recorded in the month of march?

Is it necessary to File a one time DPT 3 for the period 1.4.2014 to 31.3.2019 and in addition to this, another DPT 3 for the financial year ending 31.3.2019. That is, in all 2 DPT 3 Forms. Please cofirm

ONE OF MY CLIENTS EARNING INCOME OF Rs.10 LAC UNDER THE HEAD SALARY. AND ALSO INCURRING LOSS OF Rs.43,000 FROM F&O. HOW TO DISCLOSE THIS LOSS IN IT RETURN. PLEASE GUIDE ME