Can we say that transfer of partnership interest in LLP is transaction in securities and thus, not amounting to ‘supply’ and subject to GST?

Dear Expert,

For below income details what are the tax implication for this ?

1. Salary : 5 Lakhs
2. Income from Professional services : 5.5 Lakhs
3. Interest from Bank: 1.5 Lakhs

Gross Total income is 12 Lakhs (excluding Standard deduction)

In this case will I be eligible for 87A rebate as my GTI is not exceeding 12 Lakhs ?

Hi,
I salary income along with other sources income is below Rs 2,50,000.
i have received Rs 20.00 lakh as advance against land sale (this land was gifted by my mother to me) & i have kept this 20.00 lakh as FD in bank
should i disclose this 20.00 lakh in ITR ? if yes How
i am showing my interest income on this FD in ITR under income from other sources.

Can we use rule 54 (1A) regularly for transfer of common input credit ( Both RCM & FCM ) from regular registration to ISD registration in same state, having same pan.

Further ISD transfer the same to respective distinct person.

Or this rule is made strictly for RCM purpose.
Please guide.

Hi Sir

we bought property in 2018 as joint owner me and my wife names agreement value was 55 lacs. that time we did not ask to pay TDS and we were not aware about it but now i got to know that >50 lacs we have to pay 1% TDS now its 2025 what should I do?

By which notification from 01 November 2021 Repair and maintenance is not under RCM

I am a NRI. Kindly guide, 1)for investing in India (stock, MF and others assets), which bank account I should use-NRE or NRO? what would be the tax implications in each case?
2) Can I use India based brokers (such as Zerodha etc.) to invest in foreign bonds/stocks/currency by using my Foreign bank account, or I need to use a foreign broker and foreign bank account for this purpose? What would be my Tax liability in India for such investments outside India?

Dear All.

Do you have any information on the applicability of stamp duty on Advance Bank Guarantee and Performance Bank Guarantee in Maharashtra?


Please provide the latest notification, the percentage (0.1% or 0.3%), and threshold limits, if any. ( applicable for below and above guarantee amount)


Best Regards,

Vikas Lohar –

Client a Builder/Developer doing Real estate project under JDA with Land owner.A contractor will send many labourers.Builder pays to contractor and deduct TDS under IT Act 194C.Contractor has no GST.

Will this payment to contractor needs to be considered in80:20ratio of mandatory requirement of purchase from regd dealer?

If 80% requirement failed, whether liable to RCM 9(4)?

How to structure to avoid RCM for this?

Sir, in R3B Return, How the column 4.D.(2) operats, kindly provide some brief sir