Respected Experts,
We are manufacturer Prop. concern and started business in f.y. 2021-22 with turnover around 15.50 Lacs. But in f.y. 2022-23, we have achieved a turnover around 2.54 Cr. Also we get done Job work from a vendor around 1.50 Lacs in F.Y. 2022-23. Should we deduct Tax on Job Work charges or we are exempt to deduct tax as our previous year turnover is below Tax Audit.
Kindly advise.
My Client has executed a development agreement on 15.10.2021.Total Project Consist of 15 residential units. Out of the same 9 units are given to Developer and 6 Units are given to Landlord. All units are identical in all aspects. Developer has sold 7 units and Landlord has sold 2 units. Total 9 units have been sold before completion and 6 Units remained unsold. Total cost of construction as incurred by the developer is 1,50,00,000/- (1.5 Crore). Per flat construction cost is 10 Lakhs.
Selling price of the 1st Agreement nearest to JDA is 20 Lakhs
Unit 1 and 2 Sold for 20 Lakhs, Unit 3,4,5,6,7,8,9 sold for 25 Lakhs (Unit No 7 and 8 are of Landlord)
Selling Price of 9th Unit nearest to completion Date is 25 Lakhs
Please give me GST Payable amount under RCM on unbooked Flats ?
Please give me GST Payable amount on construction service provided to Landowner
GST Payable by developer on his sales ?
Manpower service received by the Ministry of Health located in Tamilnadu, from two persons located one in Tamilnadu and another one in Maharashtra. End of Month each persons raised a service invoice value of Rs.60000 each for the supply. Is this transaction is liable for TDS under GST?
Hello I had shares of kwality Ltd, a company that got delisted, the shares of the company were extinguished from my account without my consent and without me getting any extinguishment/buyback compensation for the same. Is it normal
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Dear Sir
Kindly advise a person have a monthly income Rs.32000/- include of FDR interest yearly income approximately Rs.4 Lacs so how much,s amount Term insurance & Health insurance he can take
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Dear Sir,
One of my client is an Indian Resident earning Salary Income in Kuwait and is an NRI for F.Y. 2022-23. Under which head can I show his salary income and how will be the tax treatment while filing his Income Tax Return.
Please help me in this matter.
Regards,
Divyesh Jain
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TDS on Job Work in case of Prop. concern