Our immigration company is not GST registered & company XYZ which provide assistance in getting offer letter to our students (for grant of student visa that company) received commission & now while sharing our portion of commission they want to deduct GST @ 18% & TDS @5% . We are okey TDS deduction (i.e. 5% u/s 194H) whereas my CA state that company cannot deduct GST as as we didn't raised any Bill with GST on IT. Please guide
So Basic Question's are
1) GST is deducted by foreign university / colleges while transferring Commission to Indian Agents.
2) Can Company XYZ can deduct our GST.

What is provision of Law

Forign company held 40% stake in Indian Private Limted company. Can this priv Ltd company buy back these shares. If so what will be tax implications in the case of Foreign Company and Indian Pvt Ltd company. Kindly advise with provisons under income tax law

Dear Sir,
Greetings!
I have to revise our TDS return (24Q) for the FY 2022-23 (QTR1). I have filed our returns for all the quarters (Q1/Q2/Q3/Q4) on time. During revised return it asks for Original RRR number and Previous RRR number. Please explain and let me know the difference between both RRRs.

With best regards,

Vijay

Dear Experts

My company is Receiving the Foreign payments through the PayPal Gateway and PayPal has charged more then 5 lacs as commission/Transaction fee. is my company liable to deposit the Equalisation Tax or not on the transaction fee paid to PayPal.

If an assessee donates 1.2cr to HUF, and HUF invests that money. Will the income so earned by that investment will be taxable to HUF or will be clubbed with the donor. Section 10(2)

Hi Sir/Ma'am,
I have some questions regarding stock valuation at the end of the year.
1.Why do we add direct expenditures in closing stock valuation? Like Fabrication, Scaffolding Exp. etc.
2.Should I book unbilled revenue for the work already done till march for which bill were raised in April next year or i should simply show it in WIP and does not book unbilled revenue?

Dear Experts, Our company has paid advance tax for AY24-25, under minor head 500- others instead of 100- advance tax. So how to rectify minor code and also let us know if code not changed then what will be consequences? This tax paid online therefore bank is not taking any responsibility. What is the solution?

Can the property in the name of individual partners be used by the partnership firm? whether any lease deed between the partners and the firm is required in such as case? what might be the tax implications in this regard?

Thanks in Advance

Foreign Collaborators held shares of Indian Private Limited Company. having 40% stake. Suppose, the group company purchased / acquired these shares. What will be tax implications from seller (Collaborators) and Purchasing company point of view. Kindly advise us with necessary sections under India income tax law.

FEES PAID TO FOREIGN CONSULTANT FOR RENDERING SERVICES ON PROJECT WHICH IS SITUATED OUTSIDE INDIA .
INCOME FROM THE PROJECT WOULD BE GENERATED OUTSIDE INDIA
THE FOREIGN CONSULTANT IN NON RESIDENT IN INDIA
HE IS A FOREIGN CITIZEN
AS PER SECTION 9 (vii)
(vii) income by way of fees for technical services payable by—

(a) the Government ; or

(b) a person who is a resident, except where the fees are payable in respect of services utilised in a business or profession carried on by such person outside India or for the purposes of making or earning any income from any source outside India ; or

(c) a person who is a non-resident, where the fees are payable in respect of services utilised in a business or profession carried on by such person in India or for the purposes of making or earning any income from any source in India :
CAN THIS CASE BE COVERED UNDER CLAUSE B
ALSO IF IT IS NOT DEEMED TO ACRUE OR ARISE IN INDIA THEN NOT TAXABLE
THEN FURTHER DO WE NEED TO LOOK INTO DTAA
ALSO IF NOT TAXABLE AS PER INCOME TAX WE CAN CLAIM THE RATE OF TDS AS ZERO AND ISSUE FORM NO 15CB