in a case of redevelopment of co.op housing society the bldr has give the member of the society
1.garage hardship compensation tothe members who have surrendered garage a sum of rs.2400000/- samp duty value rs.3109906/-
2 flat in lieu of flat surrendered with xtra room.
3.displacement hardship compensation.
4. member corpus fund to each member
5. brokerage
6. shifting charges
7. rent till the new flat is handed to the member
how will the liability for income tax be calculated? if no rent, brokerage , shifting expense is not incurred will the calculation of liability for tax change?

Dear Sir,

We are transporter (service provider) following RCM basis system. Our case is under GST audit , officer is asking how do you know whether your customer has paid GST on 5% RCM or not, saying If they have not paid then the same will be recovered from us.

Kindly confirm can GST officer recover from us for non payment of GST by our customer and also how do I collect from each and every customer whether you has paid GST on RCM or not. We have more than 100 customer.

Is there option in GST portal where the I can track the same.

Thanks & Regards
Lingam

I have filed ITR1 FY.2023-24 but get defective due to 26AS showing 94C deduction. Deductor also changed to 94J now. Response time also over what should I do please help me in this

My company is not registered under MSME but having turnover above 250 Crores, do we need to get ourselves onboarded on the Trade Receivables Discounting System platforms as per notification of RBI for Co's registered under the Companies Act, 2013 (18 of 2013) .

Or which companies need to get registered under this, please clear.

Regards

Respected Expert

In this year we crossed 10 CR Turnover, kindly advise when I have to Collect TCS or deduct the TDS

further, I have to collect TCS on every sales invoice & from every customer ?

Your valuable advise shall be highly appreciated.

A company incorporated in May 2024.
1.What will be the due date to file DIR-3?
2. Can we file DIR-3 by self or it is file by CA/CS?

is there any way, we can surrender trust's 12A and 80G registration ?

Hi All

If existing private company issue shares at face value (even though FMV is higher than FV), what are the income tax implications of the same in the hands of transferor and transferee?

Thanks in advance.

Hello Everyone. A client approached me to appoint me as an Auditor for his recently incorporated PVT.LTD company. He has already appointed a CA as his company's auditor at the time of incorporation and now he wants me to replace that CA appointed earlier. Now, i want to know the process of removal of an auditor and appointment of another auditor during the first year of Company Incorporation.
Please guide me regarding this.
Thanks in Advance

Hi sir

I have inherit a land on 01.08.2023 which was purchased in the year 2001 , sold the land on 15.12.2024. should i calculate holding period from 2001 or it is from 2023? and can i get deduction u/s 54 against this land