I am planning to buy flat from NRI for 1.1 crore in ahmedabad 9 year old. I read on internet that property purchased from nri attract tds of 20.66 percent to be deducted by buyer. However the seller is telling that tds will be 1percent only .Please advise what is the tds to be deducted. Also what are the other formalities required to be done in case of nri property.Thanks

Sir/madam,
please clarify the doubt regarding GST registration which is applicable to retailer whose turnover in excess of 20 Lacs
my question is whether retailer eligible for composite scheme under GST ?

Dear expert I have got registration under composition scheme in GST now I got order from other state, in composition scheme I can not sell my goods to other state so can I convert my registration from composition to reguler scheme. Please advice me how can i do.

For Nov 2017 exams, for both groups.....can i follow the Board syllabus for 2015 additions

Dear Experts

A very good evening to all the experts here.

One of my friends who has received an amount of Rs 35.00 Lac's from sale of immovable property whose consideration was received in the form of Cheque which he deposited in his Saving Bank Account. He wish to withdrawal the said money from bank in cash.

In the matter the query is that :
(1) Is there any monetary limit from IT Dep't regarding withdrawal money in Cash from saving bank account ?
(2) If yes, then how much maximum money can be withdrawal without any trouble.

It is known that depositing of Cash of Rupees More than 10.00 Lacs with be reported by the bank in the Annual Information Return (AIR)...... Is there any limit for reporting by bank for CASH WITHDRAWAL from SAVING BANK Account.

Can he opened the Current Account..... Transfer the Saving Bank Account into that Current Account and then withdrawal the amount in Cash ....


KINDLY SUGGEST THE BEST OPTION.

Your earlier reply in the matter will be very much helpful with thanks and regards.

How to apply for composition scheme. what is the last date.

My friend receive gratuity and leave encashment on death of his father. But the employer has deducted tax on the same. How can i claim the refund for the same from the employer as per Circular No. 573 dated 21.08.90. May please advise. My friend had register himself on online portal of efiling income tax as legal hier for the same.

in private sector when amount of gratuity is paid by employer. this expenses in which manner allows to employer as expense allowable under PGBP ?

I've a client who is registered under Service Tax one month ago now Migration is important but the Provisionsl ID and password is not showing.

Dear Sir / Madam,

We have shipped Material through a Big and Reputed Transporter and asked to give a LR with Freight and GST Amt mentioned in it. But they replied that they are not charging GST.

Now my Questions are -

1) Why are Trasporters not charging GST inspite of they being Registered under GST ?

2) Is GST chargeable on Transportation Charges or Not ? Is there any Exemption limit ?

3) If GST is chargeable, then at what rate ?

4) Who has to pay GST ? Transporter or We the Consignor ?

5) If We pay GST to Transporter then can we take it as ITC ?

Thanks & Regards,
Rachana