WE HAVE A BRANCH TRANSFER AND EXPORT SALES DURING THE RELEVANT PERIOD. NOW WE WANT TO APPLY FOR THE REFUND OF ACCUMULATED INPUT TAX CREDIT AS PER RULE 89(4) FOR THE RELEVANT PERIOD. WHETHER ADJUSTED TURNOVER DEFINITION INCLUDE THE BRANCH TRANSFER AMOUNT OR NOT??.
PLEASE GUIDE US AND IF POSSIBLE THEN PROVIDE THE SECTION REFERENCE FOR OUR BETTER UNDERSTANDING

HOW MUCH PRE- DEPOSIT TO BE PAID UNDER SERVICE ACT, ON WHICH ELEMENT I.E., TAX + INTEREST + PENALTY AND ON THE BASIS OF HUMANITY GROUND DEMAND CAN BE WAIVED?

I would like to clarify whether, as per section 393(1) SI.No.2 of Income Tax Act 2025, in case the payer is an Individual or HUF, TDS is required to be deducted at 2% irrespective of the nature or classification of the asset. Further, in cases where the payer is other than an Individual or HUF, whether the applicable TDS rate should be determined based on the classification of the asset.

Please reply, welcome your response.

Looking for draft of trust deed for school. Further looking forward to know can there be two settlor in trust deed. Similarly can there be two managing trusties in a trust for school.

I FILE ITR WITH LAST 15 YEAR. NIL RETURN. SOMETIME IN MY FINANCIAL PARTICULAR ALL ZERO BUT LAST YEAR SHOW TOTAL ASSET E25 IS 40 LAC. CASH IN HAND 15 LAC.
IS IT WORRYING FOR SUDDEN JUMP 0 TO 40 LAC.

Hi Experts - Regarding 26QB (TDS property), request you to please the resolve below queries
Date of agreement: 05.06.2024
Total sale consideration: 55L INR
1st installement paid without TDS :17L (02.07.2024 - 04.07.2024)
2nd Installement paid without TDS: 16.5L (03.08.2024- 04.08.2024)
Date of agreement: 31.12.2024 (choosen higher end plot) and value: 90L
1. Now my query is that can I club both installements and pay the TDS 33.5K (1% of 33.5L)..?
2. Is aadhar and Pan link is manadatory, since it it government auctioned property I dont think so HMDA will provide aadhar..?
3. Please provide your valuble suggestions to avoid interest, lat fees and penality.
thank you in advance, your support is highly appreciated.

Hello,

I would like to know whether an e-invoice is required when a registered person sells a motor car to another registered person and the sale price is lower than the WDV.

If yes:

What is the taxable value under GST in this case?

How should the e-invoice be prepared (format and key details)?

Thank you.

If an outward supply pertaining to April was not reported in April GSTR-1/3B and is now reported in September GSTR-1, with tax also paid in September 3B, will interest under Section 50 be applicable?

The buyer has claimed ITC in September based on the invoice reflected in GSTR-2B.

Kindly clarify:

Whether interest is mandatory in this case.

From which date to which date should interest be calculated.

Whether any relief is available if tax is paid voluntarily before notice.

What is applicable TDS rate under section 194J on makeup artists fees and costume designers fees?
Does it come under Technical service or Professional service?

I have worked in 2 companies in a FY , and got HRA from both , however due error in the presentation my entire HRA is disallowed as per sutomated computation and demand raised for the same . can any one help me what is the correct way of presentation in schedule 'S'with example that Emp 1 salary - 10 lacs , emp 2 - 12 lacs and total HRA 3 lacs ................regards