Dear Sir ,
We are given by a contrctor of our's a certificate u/s 197(1) duly certified by the ITO for lower deduction of TDS . To deduct TDS @ .75% upto Rs.12000000 instead 2% .

Now my question is what are the formalities on our part in this case . Would we be questioned in future for lower deduction of TDS or would we face problem in filing our TDS return??

Please Clarify the below query

one of our client, having a income of fixed deposit interest from syndicate bank, and this income is attracted to TDS. But the bank TDS has not been deducted.
so my question is what would be the consequences if we shown this income while filing of return.

I have filed return for my company after due date. I am having a business loss of Rs.56255/- during the AY 2017-18. Due to late filing of return i can not able to carried forward the above loss. But at the time of filing of income tax return the loss carried forward to the the next year was automatically displayed in my return. I cannot able to make correction in the field. Now i am received a notice u/s 143(1)(a) of the Income tax act with error descripttion "In schedule Part BTI, Taxpayer is carrying forward current year loss which is not allowable as the return is filed after the due date Rs.56,255/-" Please suggest me where to disallow the loss in ITR for not carried forward

Dear Sir ,
We are given by a contrctor of our's a certificate u/s 197(1) duly certified by the ITO for lower deduction of TDS . To deduct TDS @ .75% upto Rs.12000000 instead 2% .

Now my question is what are the formalities on our part in this case . Would we be questioned in future for lower deduction of TDS or would we face problem in filing our TDS return??

Cold storage is considered as P&M to get excluded from 17(5) of CGST Act?
whether input tax credit is allowed on cold storage under GST?

My friend who is a salaried person, received IT notice for non Filing of IT RETURN for FY 2015-16. His TDS is deducted from FY 10-11 till date, and still he hasn't filed even a single Tax Return.
What are the consequences and solution?

Dear All,

In case of a FSD registered under Excise Act, passes accounting Entries in his Books of Accounts on Filling Transition-1 for booking credit under GST Regime.

I moved to another country in end of 2016. And FY 2017-18 will be my first year when I am filing Income tax as NRI.

I have income in india from Bank/FD Interest as well as some in Stocks. I need to file ITR 2 (correct me if i am wrong) .

Here is my question:

I have been transferring my savings to India from foreign country on a regular basis and investing it in India.

In my ITR 2 form, Is there ANYTHING I need to mention about my foreign income anywhere.

I have already paid taxes in the host country. Has there been any rule change recently which require me to do it?

i am a regular dealer under gst, what is the rate of tax applicable on my sales of sandwiches, burgers, frenchfries etc

Is 5% tax applicable for both composition as well as regular dealers.
My purchases are usually in the 12% category, can i claim input tax credit.

We export services under bond and some domestic supplies.
Can we claim ITC on CG,Inputs and Input services.
Can we claim refund of ITC on CG,Inputs and Input services.
If refund of ITC on CG is not available, then what we are going to do with accumulated balance of ITC on CG