how can one save tax by gifting money to parents? and under which section money given as gift reporetd in ITR
Answer nowdear experts, I am an URD stay in karnataka and i go to tamilnadu and i provide service there. I dont have office in tamilnadu. This is one time service which I have provided. My query is - Is recipient has to pay tax under RCM ?
Answer nowIs there any limit for an invoice of sales made to unregistered dealer in cash. Can u registered dealer sales be entered as cash sales if there is no info about the dealer/Consumer ?
Answer now
service provided by registered entity to unregistered entity , whether registered entity can adjusted set of GST payable from GST input.
Answer now
I want to know what other tax saving an individual ( earning salary more than 10 lakh) can do except sec 80c(150000 limit)
and my second question
if an individual having salary income spend some money from his salary in construction of house. can he claim that money expended in construction of house for tax saving and if yes then under which section he can show that expenses in ITR.
Dear CAs,
Would like to seek your expert inputs for the below tax related query of salary earning individual.
My colleague had quit from his organization without serving the entire notice period of 2 months. He worked for 15 days in the notice period. His employer has shown salary income of 15 days in Form 26AS without deducting TDS. However this income was not credited to the employee's account.
Kindly advice if my colleague has to pay tax on the above salary income shown by employer but did not credit to his account.
If no tax needs to be paid, then how should he treat the form 26AS showing this income relevant for TDS.
GST RCM reflected which number return.(GSTR-1 OR GSTR-2)
Answer now
if someone has salaried income(more than exemption limit) and he gift some money to his mother suppose Rs 100000 transfer to his mother account from his salary. now my question is
whether he claim tax exemption of rs 100000 given as a gift to mother and under which section he can show in ITR?
Dear Sir,
I want to know about Eway bill Generate procedure, i hear that it will be applicable from tomorrow 26/07/2017. please tell me the full procedure of Eway Bill, Generate/ who is liable/how to generate etc. etc......
Thanks
Ikram
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