Dear Friends,

My Mother in Law has gifted me her 75 shares in a private ltd company.

1. should there be a consideration since the value of shares is 0 by virtue of it being a gift
2. I have the signed share transfer deed , do I also need to take a gift deed , what is the format and do I have to take it on any stamp paper

Kindly Advise

Dear Sir/Madam

Please guide me for TDS on purchase of property from NRI, whether I am liable to deduct TDS on such purchase of property from NRI & I does not have TAN no for deduction of TDS & if liable to deduct TDS than under which section within how much time I have to deduct & which returns to be filed for it. Kindly guide me full procedure in detail.

Dear Experts,

I am a passenger bus service provider. I am providing bus services to a company. while providing services I took 2 buses from some other person. The company has paid me money after deducting TDS. Do I also have to deduct TDS while paying the money of the vendors from whom I took the buses?

Thanx in advance for your reply..

If GTA Registered under GST ACT.And Transport service provided to PVT LIMITED Company(Logistic company).
In this case who is responsible to pay GST.

AND What are obligation from GTA POint of view
And What are obligation from PVT LIMITED Cpmpany point of view.

plz quote any sections and notifications issued under GST ACT.

Dear Member(s)
a clients dealing in agriculture
He has purchases potato and sold it , please suggest me this income is covered under which head .
this is agriculture income or business income.
and he has earned income from agriculture land, this income is covered under which head.


Thank

sir,
We have raised Tax invoice for goods sold. we have added Transport in Tax invoice & gst @ 18% is charged on transport. Now buyer asking GST code for transport. What code we have to put on transport in Tax invoice . And if we pur SAC code for transport then what rate we have to charges GST on transport. Pl clarify

We are the statutory auditor of a company X Pvt Ltd and the same company has acquired loan for the purpose of acquisition of shares of the other company say Y Pvt Ltd. These both companies are private company.The X Pvt Ltd has acquired 51% shares in following company. Now my question is whether the X Pvt Ltd will get benefit of deduction of interest paid on such loan u/s 36(1)(iii) of Income Tax act 1961. Please give your comment.

Thank you.

RESPECTED SIR

MY NAME IS PURUSHOTTAM KAUSHIK AND I BELONG TO MEERUT UTTARPRADESH. SIR I AM WORKING AS AN ACCOUNTANT AT MEDICINE WHOLE SALE DISTRIBUTOR, SIR I HAVE GST PRACTITIONER ENROLLMENT NUMBER ALSO AND SUBMIT OUR FIRM GSTR-1 AND 3B. SIR I BELONG TO LOWER MIDDLE CLASS FAMILY AND MY WHOLE FAMILY DEPENDING ON MY SALARY AND MY SALARY IS NOT ENOUGH FOR MY FAMILY.

SIR I WANT TO INCREASE MY INCOME AND WANT TO WORK INDEPENDENTLY AS A GST PRACTITIONER BUT DUE TO FINANCIAL PROBLEM I AM NOT STARTING OUR WORK THAN HOW I INCREASE MY INCOME.

Sir / Madam,

We normally disallow the Loss on Sale of Fixed Assets while calculating the income from Business or profession. Likewise we disallowed the profit on sale of Fixed Assets (ie. the income reduced with the profit on Sale of asset) in our computation of business Income. The IT officer CPC notify us by a communication posted in the Income Tax Site in our Login what we did is wrong. We cannot understand the logic behind why the loss on sale of assets is disallowed but profit on sale of assets cannot be disallowed while arrive the income from Business or profession.

Could you please explain the logic behind this subject.

Thanking you,

With regards,
Bazeer L

RESPECTED SIR
I WANT TO KNOW ABOUT ANNUAL RETURN OF GST. SIR WE ARE SUBMITTING OUR GSTR-1 AND GSTR-3B EVERY MONTH AT TIME THAN WHICH TYPE OF ANNUAL RETURN (ie, GSTR-9 OR 9C)WE WILL BE SUBMIT AND HOW. OUR ANNUAL TURN OVER WAS FOR LAST F.Y ABOVE 2.5CRORE IN FIRST FIRM AND 8.5 CRORE IN SECOND FIRM.

PLEASE SEND FULL DETAILS OF ANNUAL RETURN. HOW WE CAN SUBMIT OUR ANNUAL RETURN BECAUSE NO ANY LINK ARE SHOWING ON GST PORTAL. PLEASE SEND OUR ANNUAL RETURN FORMAT ALSO.