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Dear Sir,
Pls clarify that in case of Expor Invoice Under LUT can Freight Charge added in invoice is liable to GST ?
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A proprietorship is engaged in transportation business and owns 8 heavy goods vehicles, each having 25-ton GVW, owned throughout the year.
Turnover: ₹3.50 crore
100% receipts through digital/banking channels
Profit declared: 3% = ₹10.50 lakh
44AE presumptive income: 8 × 25 tons × ₹1,000 × 12 months = ₹24 lakh
Since the assessee declares income lower than the amount prescribed u/s 44AE, is tax audit u/s 44AB(c) mandatory?
Also, considering that turnover is below ₹10 crore and cash receipts/payments are within 5%, would 44AB(a) apply, or is 44AB(c) the correct clause?
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What proof or documents should I keep for my freelance income in the future so that I don’t receive any notice?
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1.What are the exact conditions that must be satisfied for FTS to qualify for the 20% rate under Section 115A(1)(b)?
2.In particular, Section 115A refers to FTS received from Government/Indian concern in pursuance of an agreement and contains conditions regarding Central Government approval/industrial policy. Are these conditions applicable to every FTS payment?
3.If the conditions of Section 115A are not satisfied, what would be the correct TDS rate under Section 195 in a non-DTAA case?
4.What documents/forms are required to substantiate the 20% rate—Form 15CA/15CB, PAN, TRC, Form 10F, agreement, declarations, etc.?
5.Is Form 15CB mandatory for applying the 20% rate under Section 115A?
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Dear Sir,
Please, advice to me for
It can be possible to Make Export Material Commercial Invoice different and Freight Charge distinct invoice.
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EPF full final rules waiting time period
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Sir,
A person rental income yearly rs:25 lacs composition scheme registration
Old years 24 and 25 and 26 years rental income present year 26-27 received
Question:
Treatment of gst and it returns purpose rental income transaction
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Sir
Recently Income Tax Authority issued notice related to U/s 143(2) related to Financial year 2012-13 AY 2013-14.
Can IT authority do this after expiry of 12 years. Is there any Limitation clause in IT act 1961?
Regards
Abhijit
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We have a Company Secretary who is a US Green Card holder and is providing consultancy services to our company.
The payment is being made to him in the USA and it is a non-DTAA case.
Under Section 195 of the Income-tax Act, at what rate should TDS be deducted on the consultancy fees paid to him?
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Sir/Medam, the bills which are in GSTR2B of July and August and are booked in our PASS books in September 2026, should I accept them in IMS or keep them pending?
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX