1. Whether a single truck owner carrying on the business of transport of goods comes under GTA?
2. When a transporter carries goods from instance from karnataka to maharashtra whether the tax is levied under igstor sgst and cgst?

Suppose Mr. Ram doing money transfer business. A customer comes to Mr. Ram and he request to Mr. Ram to transfer Rs. 100000 to his son's account. Mr. Ram charged 1% commission for this money transfer business. Hence Mr. Ram charge 1000 as commission from customer. Hence total of Rs.101000 received by Mr. Ram from customer and ram transfer Rs. 100000 to his son's account. My question is that what is the treatment for above commission and money transfer business under GST and income tax. Weather Rs. 101000 consider gross receipt and Rs. 100000 as expenditure and net Rs. 1000 as commission income in income tax. If yes than what is turnover in GST for the same. Please clarify the above case for both GST and Income tax.

Hi. Its urgent!!!

We have purchased a coffee machine for our office.

Is TDS applicable for the same?

If yes, can you please share the rate so that it can be deducted before payment?

Thanks in advance!

Something seems to have gone wrong while processing your request. Please try again.If error persists quote error number GSTN-EXEC2003 when you contact customer care for quick resolution.

What are the articles that exempt for section 8 company in table f and where can i find this Table f with these article numbers

Respected members,

Can I convert my proprietorship business in to HUf? What are the process steps? Should I need to obtain a different trade licence?

Please Guide

While maintaining books of accounts of shares
maintain through investment
or
By Purchase and sale
My another question is that
Which method follow to maintain books of accounts ,
FIFO, FIFO Perpetual or Average cost.

I made a Fixed Deposit of Rs. 1Lakh at a contracted @7% for a tenure of 3 years on 1April 2021 in a private bank.
However due to some reason i prematurely closed the Fixed Deposit on 3April 2022. Being premature closure,the interest rate paid by the bank was reduced to 5% for the FD deposit period viz. 1April 2021 to 3April2022.
But the Bank had already deducted TDS each quarter of FY 2021 starting April2021 till 31March2022 on the interest paid @ 7% and the same had been deposited to Income Tax Department and also being duly reflected in the 26AS against my PAN for all these 4 Quarters of FY 2021_2022 (AY2022-2023).
Now the issue is as actually my actual income is less than the income reflected in 26AS, i am entitled to pay less income tax and so claim partial refund of TDS reflected in 26AS.
Please advise how to treat this TDS in my income tax return filing for the AY 2022-2023?

now a days everyone talks about sharktank
my query is related to this
suppose a person invested 1 crore for 1% equity in ABC pvt ltd.
the existing authorised capital of the company is Rs.10Lacs equally holded by A & B. i.e. 50000 shares of Rs.10 each by both of them.
1. what will be the treatment of that equity investment.
2. impact on authorised capital of the company.
3. what will be the capital structure of company.

DEAR SIR
WE HAVE NOT PAID RCM TAX ON TRANSPORTATION FOR LAST TWO YEARS.
PLEASE SUGGEST ME HOW TO RCM PAID AND ITC CREDIT TAKEN NOW.