Dear sir, If one pvt ltd co. main business is trading Rexine and want to buy a under construction property for rental income.
can company avail the I T C benefit which is paid at the time of buying of property?

With regard to family pension being received by widow and minor son under Employee Pension Scheme 95,
1. Whether it should be declared in IT return under "income from other sources"
2. Whether the widow can claim standard deduction of Rs. 15000/-
3. As the minor income is to be clubbed in mother's income, whether another Rs 1500/- can be deducted from minor income ( As Minor income above Rs 1500 only is reported as taxable)
4. Whether the above deductions , Rs 15000/- and Rs 1500/- to be shown under Exempted income in ITR2

Regards

Hi ,

I filed ITR as per My TDS Certificates . Details in TDS Certificate including TAN , PAN & TDS amounts fully match with Form 26 AS .

But when i check on efiling website , TDS Claim Amount in ITR & Tax amount as per 26AS is shown as mismatched

I am unable to understand this...

Please guide me.

What will be the consequences If we file IT Return for the Ay 2018-19 after 31st July 2018 ? What is the slab of penalty ?

Sir,

Sir, mother has recovered unsecured loan from his son, so the recovery amount along with interest will be effect whether on capital Account or Balance Sheet .Please advise.

Should I take of ITC of amount paid under RCM in the same month or in the following month?

Since, as per Sec. 16(2)(c) of CGST Act, 2017, it has been mentioned that credit can be taken after payment of tax to the Govt. However, Sec. 41 of CGST Act, 2017 states that any registered person can taken eligible ITC on provisional basis !!

Respected Experts,

My query is regarding HUF of Professional

My client is a Doctor (MBBS). And he has created his HUF immediately after his marriage. Recently he have a discovered a business idea (which is totally different from his Profession). So he want to start that business. So whether he can register his new business under his HUF? And file GST and IT returns thereof?

VVK

Hi Guys,
We doing our business from a rented premises(commercial) the landlord is unregistered person in GST.
rent is 25000/- per month
Whether there is liability to deposit GST in reverse charge.
If yes then what is the benefit of exemption of RS 5000/- per day in case purchase from unregistered person no reverse charge is applicable.
please elaborate.
If answer is Yes then please suggest any way to avoid the same.

I am Trader/Sole Proprietor,i have paid income tax and passed an payment entry i.e credited bank account and debited income tax account in tally (Created income tax under ledger duties and taxes).,is any additional entry required to be passed;if yes then why it is need to be passed

Dear Sir,
Can anyone guide me please on the following issue:

Basically ours is an 100% export oriented unit.We are the exporters of Meat. We purchase raw/fresh meat from the suppliers and give it to the freezing industries. We deduct TDS @ 2% u/s 94-C while making payment of the bill of freezing. Now I would like to inquire whether GST has to be paid on the bills of freezing as follows:

Gross Freezing Rs. 1,00,000
Less TDS @ 2% u/s 94-C Rs 2,000
Add CGST
Add SGST
or
Add IGST on Rs 1,00,000 @ 5% or @ 18%

In my opinion GST should neither be paid nor recovered on 100% exportable products.

Please guide me and oblige.

yours tarique rizvi

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