Hi,

GST Applicable on books royalty receivable (copy right) ???

Can anyone please tell me how many subjects can be claimed as exemption in single attempt? in final..only 2 or more than 2?

CAN A PERSON CLAIM TDS DEDUCTED FOR THE PAST 6 YEARS BECAUSE HE IS NOT AWARE ABOUT THE TDS DEDUCTION OF THE PREVIOUS YEAR. HIS RETURN IS BELOW THE EXEMPTION LIMIT SO NO RETURN FILED TILL DATE

Dear All

An indicudual has a business of trading in stationery items. His income is booked under PGBP. He had purchased a vehicle in his own name (in the name of indivdual) during last financial year, tied up with OLA, hired a driver and earned income (actually losses). I basically have 3 questions:

1. Should the losses from such activity (of running OLA vehicle) be shown under Income under the head Other Sources?

2. EMI paid for the vehicle - Is is it a revenue expenditure or part of cost of acquisition or cost of improvement? In case, it is a part of Cost of improvement/ acquisition - will the interest also be a part of the same or will interest be a part of revenue expenditure?

3. In case of sale of vehicle, will this booked under Income under the head Capital gains?

Appreciate your help. Thanks a lot!

Purchased goods from a registered dealer, but Company's (Purchaser's)GST number not given, how to deal with this?

Sir,

Our firm business is related to trading of natural minerals and transportation, whether the purchases made on books,stationery and office essential GST input credit will be available or not? Whereas the stationery and printing purchases are not directly involved in our trading activities.

I have confusion whether the GST credit to be considered or not please provide details with concerned sections and notifications...

1.is gst need to be charged on fright, charged in sales.
2.how to pass the jounal entry for puchases.
Eg. Puchses X good 1000
Fright charges 100
CGST-66 @6%
SGCT-66 @6%
Journal entry for this.
Note: In the said gst amount gst on fright charges is included

dear expert
MY query is that, one of my clients received leave encashment on retiremnt rs.135000/-. but in form no. 16. show leave salary exemption rs.66967/-.
now in my clients bank a/c. shows credit of rs. 135000/-.exemption rs.66967/-.
so, we considered that total leave encashment rs.135000 -66967/- i.e.68033/- is taxable under the head of salary or not.
pl. reply as early as possible and advise.

Dear Expert ,

1. I Received Invoice of Warehouse Rent with GST - Whether Input Credit can be taken ?
2. Received Invoice of Rent of Office Premises Whether Input Credit can be taken ?

Pls Support your ans with Section No if possible.

Thanks in Advance

MY GROSS SALARY RS 754684

I have invest in NPS u/s 80CCD(1) Rs 62067 & 80CCD(2) Rs 62067
so can i deduct u/s 80CCD(1) Rs 12067 & rest amount u/s 80CCD(1B) Rs 50000 AND Employer Contribution Rs 62067 given as u/s 80CCD(2).