I m filing ITR 2 for F.Y. 15-16 for having 1 lakh rupees STGC from share maket trading. I have no other income. So inspite of having non taxable income it shows me 15000/- of income tax at special rate. is there no benefit for STGC not excedding Rs 250000/-?

Dear Experts

We are manufacturer of condenser used in refrigerator and manufacture wire in house that is used in condenser.
For wire manufacturing we purchase MS rod, because of not having capacity to full fill demand of production dept. we also purchase wire from outside suppliers, one of the outsider supplier purchasing rod from us and selling wire to us that was produced from the rod purchased from us.

Now my query is that, is this scenario covered in under section 194 C ?

Should we deduct TDS on the payment to supplier for purchasing wire under section 194C?

Pls suggest.

Thanks
Sushil Gupta

we hire one worker in our company from placement service provider

He issued us gst invoice as per detail given below

monthly ctc 12000.00
annual ctc 144000.00

rate 4.17% 6005
Add gst 18% 1080
Total invoice value ( 6005+1080 ) 7085.00

i want to know is the above calculation is right?

i am in doubt because they have charged on annual ctc?

all respected experts kindly help?/

TDS taken by the service providers to a partnership was Rs 35000 in the FY 2014-15 and after filing return the amount was refunded by CBDT (Say) Rs 32000 and interest Rs 500 after adjustment of Tax of Rs 3000.
Now, return for the FY 2015-16 pending where TDS of Rs 38000 was taken by the service providers where actual tax payable is Rs 3500 for the FY 2015-16
Pl advice how to show in the PL and B/S with journal entries too.

A partnership firm is there wherein ITR-6 has to be filed u/s 44-AD for the ay 2017-18. Nett Profit has arrived as at Rs 7,887/= exactly equal to 8% of gross total receipt. Whether Remuneration 90% Rem of Rs 7,098 will be allowable under allowable expenses u/s 44-AD. If the said Rem is allowable, nett profit after providing 90% rem will arrive as at Rs 789 less than 8%. Please guide me what to do in such case. I shall be highly obliged.

My firm bought a machinery from out of India. At the time of clearance we get bill from agency charges including Ocean, Endorsement, Inland, Container Clearing and many other Charges.

Now tell me that all of them charges are Indirect Charges or Capital charges which is Add in Value of Machinery

my firm purchase a new car for office purpose we can take itc on car? and we show car purchase invoice in which gst return?

PREMIUM (NON- REFUNDABLE) RECEIVED ON RENTING OF COMMERCIAL PROPERTY BESIDES RENTAL INCOME. SINCE THIS PREMIUM IS RECEIVED FROM TENANT ONCE DURING LEASE PERIOD SO WE HAVE CONSIDERED THIS PREMIUM AS CAPITAL RECEIPT. I WOULD LIKE TO KNOW WHETHER THE PREMIUM RECEIVED BY LANDLORD IS TAXABLE UNDER GST?

what is the gst rate for taxi operator services..? thanks

With regard to composition dealer whether they are required to disclose the inward supplies in the GSTR-4 If so why?