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San Gai
04 March 2024 at 19:59

Is LTCG double taxed?

I have Shares LTCG of RS 2 lakh. That means LTCG tax would be 10% of (2 lakh - 1 lakh) = RS 10000
My query is does LTCG goes through double tax i.e. LTCG Tax and Income Tax as per slab rate.


Indhu
04 March 2024 at 18:49

SWEEP CREDIT

What is the tally entry for sweep in credit and Interest on sweep in credit from fixed deposit account mentioned in current a/c statement


lingam
04 March 2024 at 17:56

TRANSPORTER ENROUTE EXPENSES

Dear Sir,

We are transporter and we are transferring the amount to employee's a/c who is along with vehicle to meet the enroute expenses till the delivery of the cargo So is it correct way and any dispute arises in future from the income tax point of view.


Mahabir Prasad Agarwal
04 March 2024 at 16:00

Composition and exempted sale

Whether 1% GST is to be paid on exempted sale in composition scheme ?


Laxmi Shah
04 March 2024 at 14:40

SOCIETY ACCOUNTS AND AUDIT

Hello,
Our Society does not maintain accounts and does not audit. so what's the rule


Santosh

Sir

Please advise assess register IN GST turnover Rs.70 Lacs NP 6.50 Lacs. Proper books of accounts Well maintained. if he don't want to avail the benefits of presumptive income section 44AD. Can he file ITR-3 with proper financial record ( Balance sheet- profit & Loss account ) Can portal allow to file ITR-3 in such case. Audit need in case please advise


Ashish Agarwal

In case of export of services, the foreign company is insisting on making the payment in Indian rupees. Will it still count as Export of services under the GST act? If I am correct, there was change in 2022 allowing export invoicing in Indian rupees? Will I still be entitled to raise the invoice without payment of GST under LUT if I am receiving the payment in Indian rupees instead of US dollars? I am already doing export of goods in US dollars in which I am exporting on payment of IGST and taking refund from Customs. I am doing both the exports under the same proprietorship concern. Can I carry both the businesses together in which I am exporting goods on payment of IGST and taking IGST refund from customs + Exporting services without payment of IGST under LUT and taking refund from the GST dept. ? Sorry for the multiple queries but any expert opinion will be highly valuable. Thank you


nekkala keerthinagadurga

we want to incorporate private company which is engaged in construction services so we need your help to prepare moa and aoa of this company and i want to know the main and further objects of construction services


ARUN GUPTA
04 March 2024 at 11:30

Gst input on car battery

I have purchased car battery by gst bill.can I claim input credit as my car is used for office purpose and isin my company name . Pl advise can we claim input tax credit in our gst returns.


Gagan
04 March 2024 at 10:56

International subsidiary

I wish to form a 100% owned subsidiary for our company in the US. I have already applied for the EIN number.
I wish to know what all steps I need to take in India, and how I can proceed.
I know that I need to get a UIN, ODI part 1. Anything else needs to be done to maintain proper systems and documentation. Can I get an expert to help me out in my journey?






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