Hi,

I am thinking to help one good student (but underprivileged) to study their higher education(B.Tech). I am doing this because many of us have been there.

The Tutuion fee is about 1 lakh rupees per annum. I would like to know if I can get some form of Tax exemption for this amount. I am fine with taking a certain approach if that saves tax.

Thanks in advance..

Dear all

I have one question regarding to start new business for dealing in share, mf and other instruments.

One of my friends have fund exceed of Rs.1 crs. And he wants to start or take franchise for dealing in share and other security. He wants to know how to start new business and need clarification of doubts. His main motto to clear foll. Doubts are he want to reduce tax liability-

1) He will start business as a Proprietor or create new partnership firm
2) He will start business as new company incorporate
3) He will create Investor Institutional -legal entity (also want to know how to create investor institution and where to apply and what is charges for that??)

Please clarify to me at earliest. He want to start new business from April 2022 onwards

Regard Articleship Transfer of Re-register. I have already completed my articleship of 3years and I am serving excess leave period by taking re-register with the same Principal.Due to some personal issues I want take transfer is it allowed to take transfer ? If Yes ,is it fine to re-register with in same city ?

If A Takes a Building from B on Rent for 1L PM and make Interior for App 100L then how it will be capitalized by Tenant

Sir,

Einvoice generated through Jsonfile uploaded in site, this details shown in GSTR1 automatically or we have to enter manually

we are exporters, our commodities goes directly to CFS , ewaybill issue purchaser. Sometime few commodities we will issue ewaybill from ware house to CFS after einvoice generated can we have option to take waybill separately another date.

Please clarify my doubts.

Thanking you

Sir,
A Gst registered dealer excess and deficit stock adjustment and tax pay procedure in gst act.
case-1:
Closing Stock as on books rs:25 lacs
Closing Stock as on physical verification rs:28 lacs
Case-2:
Closing Stock as on books rs:28 lacs
Closing Stock as on physical verification rs:25 lacs

Dear Sir,

We are a limited company without listed of share in Market.
our one share holder transfer his share to relative as a gift.

so my question is what amount of stamp paper required for gift deed.

Thanking you

Dear Sir,
We have raised some invoices to few Parties on one condition that on receiving the Invoice & Material, they will make the payment after deduction of Cash Discount.
But this Condition was not disclosed in the invoices raised to the above parties.
Now, I want to know for Balancing the Ledger of such parties i need to raise Credit Note but What
will be the GST Implications on such Credit Notes.
I have elaborated my query with example - Suppose we have raise a Invoice of Rs. 20,00,000/- (Incl. of Tax) to a party and such party made a payment of Rs. 19,60,000/- after deducting Cash Discount of Rs. 40,000/- now Rs. 40000/- in our books is still outstanding
Now i want to know ,
i) Can we raise Credit note of Rs. 40000/-(Incl. of GST) & whether Customer need to reverse the GST Amount on Rs. 40000/-
ii) Any other option like Discount & GST implication on such Discount.

Whether purchase details are to be uploaded as input cannot be claimed

To
The senior experts

Concerned Company is a Govt owned Company whose auditors are appointed by AG. The Board of Directors fix the remuneration of Auditors Rs.2,00,000/- for Statutory Audit including Tax Audit. This amount agreed by AG and communicated the Company via letter.
However Auditor states that the amount exclude I Tax/GST.(but nowhere it was mentioned whether the amount(Rs.2,00,000/-) was include/exclude I Tax/GST).
Now my query is:
1. How we treat Rs.2,00,000/- (audit fee) inclusive or exclusive of I Tax/GST?
2. If we pay auditors some extra amount by way of Out of pocket expenses will it be included in auditors fee and tax will be deducted?
Thanks
Abhijit