Hi Expert,

Two intercompany located in same premises & make certain transaction in goods & services, i.e sale of goods & services, in this case how much % can be charge as a margin. is there any legal compliance under income tax as well as GST ???

Thanks in advance..

Hi,
I planned to go for company car lease from Orix, orix given me the split in which i have to pay the RV after 4 yrs and GST for the entire RV amount as 43%. Though the car will be in my name with hypothecation to Orix, why GST is been charged as there is no ownership transfer. what is the proof that these GST amounts are properly been paid from orix side to the government.

Regards
Raj

HI,
Foreign tax credit not given by income tax department even if we have properly filed form 67 for foreign tax credit form. we have already reprocess the return but same rectification order received raising demand actual statue of return is income tax refund.
kindly reply

Respected Sir,
My father died 7 years and i recieved his property in form of inheritance and sold the property due to my debt .Since we had old debts i settled a part and gave a part to my relatives and spent balance for my self where in i dont have any money left in bank .Now i came to know capital gains.what should i do now.i have not invested my money in any c g schemes.How to proceed.I am afraid whether i will get into problem.If i have to pay tax how should i pay.Please advise.

Respested Sir / Madam
My Cleint Sale Used Four Wheeler , He Received Commission Income of rs. 21 Lakhs For P.y. 2021-22 By Sk Finance Bank For Providing Loan to the Customers , Now My question is
GST Registration is Required For Income above 20 Lakhs

spice+ form i want to make as under :-
1. one professional ca director without subscription
2. one individual director cum subscriber and
3. one individual subscriber but not director
So total 2 directors (one professional and one subscriber-cum-director) and 2 subscribers (one subscriber cum subscriber and one only subscriber)

but mca spice+ form mixes up between subscribrer-director and only subscriber link)
(individual subscriber who is not director should open but sub-cum-director window opens by mistake of portal)


my view--> no idea why an individual cant be just a subscriber, why he has to also be director in spice++ form? problem is in point c in spice+ form,
i know its confusing, just any thoughts?

Mr. A having residential property, not registered under GST let out residential property for Business purpose to M/S ABC (Partnership Firm) registered under GST. Further M/S ABC (Partnership Firm) registered under GST let out this residential property for Business Purpose to BCD (Private Limited Company).

As per my view, in above case M/S ABC (Partnership Firm) is liable to pay GST under RCM and avail the ITC for the same. It is right or wrong?

Can M/S ABC (Partnership Firm) charge GST on forward charge mechanism or BCD (Private Limited Company) liable to pay GST under RCM?

Thanks a lot. Some further queries arise.
1 She is an Indian origin American citizen living in India. Will she be treated as NRI?
2 She has been Indian resident all along. Differences in counting of FY in two countries made this happen
3.How her purchase of RBI 7year taxable bonds bought as Indian citizen to be treated. Will it be same as for PPF explained by you in previous query.
Sorry for bothering you,
S C Goswami

When i do reporting in the currency chest audit by mistake not verified is there how i solve this

We can take Sales receipt in Partners personal account