Hello experts, I am a salaried individual, my slab is already in 30% taxed (40lakh salary). Now I have a building which i want to rent. Expected rent is 25 lakhs yearly. Please help me plan my taxes so that i can save in taxes. Is there any way i can take these rentals in HUF account. Or if there is any thing else please let me know.

Dear All,

Can a partnership firm lend money to private limited company where director of a private limited company is a relative of the partners of the said partnership firm?

Thanks & Regards
Nirmal Dave

We are registered person, & paying rent to our guest house, as well as paying house rent to various poor people. There is no any agreement.
This said expenses we debited to charity purpose head. House owner payment received receipt is attached to expenses voucher.
Is RCM payment required.

Dear Sir,

In case of eway bill bill to ship to supplier sent goods to direct our customer.s location. In case when we issued tax invoice to customer we need to prepare eway bill or note. If yes in which date we prepare eway bill and invoice.

Is it mandatory that the recipient or payee with respect to Section 194R should either be carrying out a business or is exercising a profession? Or can the payee be any person who is a resident?

Please help to take a decision on the following practical situation.

A is already working as a full time HR Manager in a company X where he has Saturdays off.
A gets an opportunity to work as a consultant with another company Y to help the company in screening the candidates, inviewing and selecting them for this company for various positions on a monthly salary of Rs 32000/- for a period of 3 months from April to June 2025.where he has to go only on Saturdays. He represented to that Company that he is not working anywhere else except this part time job and insist the company not to deduct any TDS on the salary paid to him and if at at all he is liable to TDS that has to be under section 194(C) and the threshhold for that in financial year is 100000 more than actually he got paid for April to June and not u/s 194J as he is not a professional for the purpose of section 194 J . But the accountant of the Company differs with him and wants to deduct the TDS u/s 194 J as a professional.

The queries are.
1. Can Company Y employ A as a part time employee if he is already working with Company X on full time employment and in which account head his salsary should be booked by company Y as a salary or Professioanl Services/Consultancy charges.

2. Can A who is already working on full time job in company X work as a part time with Company Y by declaring the same to Company Y.

3. What will be the TDS liability of Company Y on payment made to A for part time when it is shown that he is already working in full time in Company X and where he is not working any where else other than part time in Company Y

4. If Y Company treats A as a profesiaonal.consultancy charges then TDS will be dedducted u/s 194C or sec 194J

Please share your views.
Regards
P C Joshi

assuiming

Case:-

A property has been sold in the name of 3 persons (i.e. registry in the name of three persons equally) but the TDS on the sale of said property has only been deducted on only one of the above 3 persons.

Query:-

1. My query is that whether I have to show the capital gain arising out of the sale of the said property in the ITR of all the 3 persons or whether I should show only in the ITR of the person in whom TDS is deducted ?

2. Whether it will be appropriate to file the entire sales consideration & claim the total TDS deducted in the ITR of only one person in whom TDS is deducted ?
It is also noted here that if I do not show the entire amount of sales consideration in the ITR of the person in whom entire TDS is deducted then I can not claim the amount of entire TDS deducted in that one person ?

I bought gold jewelry worth 4lakh 16 thousand from a jeweler for wedding. Is there any tcs or tds applicability? I paid using debit card. The jeweler also didn't ask for my pan card

Good afternoon Experts,
I want to file TDS return for Local authority under state goverment. Now the Tenure of the president has expired. All control comes under Block Development Officer. Now I want to register this Local authority in TRACES p[ortal. what details to be entered in the "The Person responsible for making payment/collecting Tax" tab. Please guide me proceed further. thank you

Dear Experts,
We are a GST-registered entity; however, we are not registered under the GST E-Invoicing system, as our annual turnover is below the prescribed threshold limit for mandatory E-Invoicing.
One of our customers is insisting that we register under the E-Invoicing system and issue invoices accordingly.
We seek your expert advice on the following:
Can a customer compel us to register under the GST E-Invoicing system even though we have not crossed the prescribed turnover threshold set by the Government?
Is there any legal provision that allows or mandates such a request?
Your guidance on this matter will be highly appreciated.