A event management company doing event in foreign country for a foreign client
Client will pay for in Foreign currency towards the event & towards artist fees

Artist as an Indian GST holder will raise a bill to us, will they be charging us GST as place of service is not india
or GST will be levied ?

Here cash flow gets affected due to GST if charged by artist to us, so do let us know if any alternate soultion if available or can Artist send us bill without charging GST.

Note - Artist is concerned with us only & not with the foreign party

I reside in a jointly owned residential house A with my brothers, where I barely have a room to live. All of them have multiple rooms.

3 months back, i sold a jointly owned residential plot B (with my brothers).

Now, i want to buy a flat/ apartment C to reside.

Can I claim capital gain exemption under sec 54 with respect to B & C.

If yes, can i use sale proceeds from B elsewhere & use a home loan instead for C?

Thanks in advance

Dear Sir,
We are a sheet metal manufacturing unit in Bangalore. Purchased a Laser Cutting machine in April, 2017. We do sales of sheet metal products and also provide services of laser cutting or bending only, i.e. job-work. We are under Service Tax. Labour charges under KVAT are zero-rated sales but we include Service Tax in the Invoice to our clients. Will I be able to avail full ITC of the machinery purchase ? Thanks, Ramesh

Explain the compliances needs to increase paid up capital?-Private Limited Company.

Thanks in advance.

We do sale both taxable & exempted goods and we purchase packing covers, which is taxable, for the purpose of packing both taxable & exempted goods. Out of these packing materials we use same covers for all the products except few, which are exempted, named jaggary, Oil & Pushti. For Pushti we use separate packing cover(Pushti Covers) and for other two we don't do packing. We are reversing entire ITC of Pushti covers(T2), because it is used for exempted supply.

My Question is, while calculating Aggregate value of exempt supplies during the tax period(E) & Total turnover in the State of the registered person during the tax period (F), for Rule 42 purpose, do we need to include turnover of Pushti(for which we are using separate Packing covers and not taking any ITC benefit), Jaggary & Oil (for which we don't do any packing)?

i have heard that juse IEC code required to login on icegate can somebody please tell me how to login on icegate portal?

Circular 23/2017 dt 19.7.17 clarifies that TDS should be deducted on amount excluding GST, provided GST is indicated separately. Now, under Income Tax act, for what purpose should this circular be applied.

1. For the purpose of ‘determining the amount’ on which TDS should be calculation .

2. For the purpose of ‘determining TDS APPLICABILITY’ ie: scope of TDS threshold limits.

If the scope of the above circular be applied on point no 1 , then what is the scope of checking threshold limits(including GST or excluding ).

Is there any circular/Notification from RBI for offsetting value of Additional Collateral against NPA

Assessee's Total income for the financial 2021-22 is Rs.472800. After 87A relief his tax is zer0. 234F Rs.1000 Payable. He wants to file ITR U for the asst year 2022-23. He has not filed return already. Is it possible . If it is possible challan 140B or 140A. How much is the tax payable. His age is 58 years.

History-
I paid monthly contribution ( about 12%) from my tax paid salary to my Company regularly for 14 year ( about Rs. 9 Lakhs)
After retirement at 60 years , Company fixed my monthly Annuity through SBILIFE and I am receiving annuity monthly .
Question -
This annuity is taxable or not ?
In my opinion , it should not be taxable as I had contributed this Rs. 9 Lakh fund from my taxable salary for past 14 years. Can we connect this case with Section 10 , Tax clause 23aab
Kindly clarify me .
Regards