This Query has 1 replies
The taxpayer is engaged in the business of supplying fresh fruit juice, biscuits, and Thums Up. The taxpayer seeks to understand whether GST registration is mandatory in the present case if the aggregate turnover remains below the applicable registration threshold. The taxpayer also seeks clarification on whether the supply of only freshly prepared fresh fruit juice would be treated as a taxable supply or an exempt supply, along with the applicable provision/notification. Which thresold limit is applicable if 1)i supply only fresh fruit juice and 2)if supply both fresh fruit juice plus biscuit, thumps up?
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if a labour actually work only 20 days during the year but his name was registered under PF since 2 years. As PF Act does not mandate to remove the employee name from UN portal, even not work or absent from work. its name appear continue in master roll since date of joining without payment of wages and pf contribution, and cover 240 days working condition as per date of joining and date of Exit.
Is wages paid for one month eligible for deduction under 80JJAA
Here Employed means
1. Physically work or leave on paid
2. Only Registered in mastered Roll
Please Clear the concept
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I am the buyer of an immovable property in India, and the seller is an NRI.
Please clarify under the new Income-tax Act, 2025:
Which section is applicable for TDS deduction?
What is the applicable TDS rate, including surcharge and cess, if any?
What is the relevant TDS code/section code for depositing TDS?
Is TDS applicable on the entire sale consideration or capital gain?
What are the applicable forms and compliance requirements for the buyer?
Please provide the applicable provisions for FY 2026-27.
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Sir, if the applicaiton is rejected by the PCIT under the above section, I hope, it is not the appealable order U/s.253, we have to invoke Writ Jurisdction under Ariticle 226.
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Please clarify the Indian income-tax treatment of crypto futures,
including whether profit from such contracts is covered under VDA taxation at 30% under Section 115BBH or should be treated as business income, and whether 1% TDS u/s 194S is applicable ? does the tax/TDS treatment differ when there is no actual delivery or transfer of the underlying VDA?
Also clarify the treatment of losses and their set-off/carry-forward, brokerage and other transaction expenses, and whether any GST, TCS, FEMA/LRS, foreign remittance or other tax/reporting requirements apply ?
when trading through an Indian or foreign exchange. Please confirm the proper tax head, applicable tax rate, TDS provisions, return form and relevant sections/circulars/notifications/judicial precedents applicable to crypto futures trading in India.
This Query has 2 replies
In reference to my earlier query-
Some of the assesses have shown Bifurcation of Perquisite.
Other Perquisite-134142/-(284621-150479)
Interest Free or Concessional Loan Rs. 150479/- and show Exemption Under Section 10 (10CC)
Rs. 150479+18043=168522/-
Presuming that Value of Perquisite of IFCL (150479), Tax will be Borne by Employer (Bank).
ITR will be Process Successfully with No Tax Demand. In this whether Revised ITR will be filled by reducing Exemption only up to Rs.18043/- Please advise.
This Query has 1 replies
Please clarify the Indian income-tax treatment of crypto futures,
1 including whether profit from such contracts is covered under VDA taxation at 30% under Section 115BBH or should be treated as business income, and whether 1% TDS u/s 194S is applicable ?
2 does the tax/TDS treatment differ when there is no actual delivery or transfer of the underlying VDA?
3 Also clarify the treatment of losses and their set-off/carry-forward, brokerage and other transaction expenses, and whether any GST, TCS, FEMA/LRS, foreign remittance or other tax/reporting requirements apply ?
4 when trading through an Indian or foreign exchange. Please confirm the proper tax head, applicable tax rate, TDS provisions, return form and relevant sections/circulars/notifications/judicial precedents applicable to crypto futures trading in India.
suggest peoper method.
This Query has 2 replies
Sir
Can a CA/CS/CMA Firm place their profile in a public website?
Does it amount to professional misconduct on ground of "advertising / soliciting to prospective clients?
Regards
Abhijit
This Query has 1 replies
I have booed a property with the builder and paid 15 Lakhs at the time of pre launch in the form of EOI and thereafter allotment was made by the builder after3 months. At the time of allotment t 40 Lakhs was paid with deduction of TDS ON 55 lakhs.
Now , received a notice for delayed payment of TDS from the department.
Kindly clarify whether there is any delay in payment of TDS and whether TDS is applicable at the time of pre launch.
This Query has 1 replies
I seek professional guidance . Assessee (Individual) business turnover less than Rs. 1.08 crore during relevant previous year actual profit morethan 8% of turnover presumed cash receipts and payments morethan 5 percent.
Is Section 44AD applicable in such circumstances? Does cash receipt and cash payment morethan 5% affect eligibilityto opt for section 44AD when turnover is below Rs.2 Crore?
Is tax audit under section 44AB required when the assessee opt for section 44AD and declare profit morethan 5%?
What is the correct interpretation of the 5% cash receipt/payment conditions appearing in the ITR audit-information schedule?
What should be selected in the ITR regarding the relevant audit-information questions?
I would appreciate an answer with reference to the specific provisions of Section 44AD and 44AB and the relevant Rules/official notifications, so that thereturn can be filed correctly.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
TAX AAPLICABLE TO SUPPLY OF FRESH FRUIT JIUCE