Hi, Please advise if is there any investment that can help in claiming an income tax deduction for Housing Societies, as we have for individuals. Our society is paying around 3 lacs Income tax a year.

Section 143(1)(a)(v) of the IT Act is applicable from assessment year 2021-2022 or 2022-2023

Hi,

Whether TDS require to be deducted against transaction fee cost charged by the MSME digital invoice discounting platform such as RXIL, Invoicemart etc?

A Private Limited Company has income from House Property and Other Sources. Does not have any business income

Can expenses with regard to business which will be loss from Business be set off against income from House Property or Other Sources ?

What is the journal entry for started business with goods .whether it should be purchase a/c debit to capital a/c or opening stock a/c debit to capital account?

Sir,

Earlier, if payment to GTA exceeds Rs. 1500 in a single carriage or exceeds Rs. 750 in a single day would be liable for RCM. Whether this provision was prevailing now?. If no, how RCM should be collected in respect of the said cases?

Dear All,

My turnover in FY 21-22 was Rs. 1.95 Cr (Net off sales return). But while filing GSTR-3B and GSTR-1 I forgot to reflect credit notes of sales return.

Now while filing GSTR-9, auto populated figures of GSTR-1 & 3B shown turnover of 2.02 Cr which is before effecting sales return.

Now As My actual turnover is below 2 Cr there shall not be any late fee for GSTR-9 but when I proceed to file GSTR-9 it shows late fee payable.

Please advise me whether late fee is applicable in such case or not?

Thanking You
Nirmal Dave

I am GST registered person & i am getting refferal income from another GST registered person & he provide bank home loan services on which GST in RCM is applicable.
If he is paying me in the form of commission then will it attract GST as GST is already paid by him in RCM .

Dear sir

i have 30lacks Unsecured lone From my father and family member in books
so now how can i clear that ...can we treat as gift please advise me

thank in Advance

Me and my 2 other partners have planned to start a partnership company . For example, company name is xxxxxx marketing. if its a private limited (directorship) ,I know that i need to check in registrar of company for name availability. likewise for partnership companies should we check in any other government portals like GST, INCOME TAX ,etc. Kindly give me suggestions.