Hello All
Pl advise if I sale my car which is name of our Pvt Ltd co is gst applicable if yes who is to deposit gst and how. Our co is not having GST no.
How much gst percent
Regards

What is the last date to file Income Tax Filing for FY 2020-21 under 5 lacs salary/income?

Profit from Acquisition by NHAI of Rural agricultural land of an Assessee does not attract income tax under Section 96 of the RFCTLARR Act . But when the assessee is a Corporate Entity will it be liable to pay Minimum Alternate Tax on the Sale Consideration received or will it be still exempt.

Dear Sir
I am accountant in Brick factory, we are selling bricks and raising GST invoice, one of our customer is having address of Karnataka but he want to be deliver the goods Andhra pradesh. then how to make bill with IGST or SGST and CGST
one more customer is Bombay address and he want deliver in karnataka, whether to charge IGST or SGST and CGST. please be suggest sir
Thanking you
With Regards
Srinivasa Joshi

Sir,

I want to know the TDS Applicability in respect of contractual payments under section 194C. I have availed a GTA Service liable for TDS under section 194C. Following invoices were received during the financial year 2020-21:
05-04-2020 Invoice Value 15000+Tax
06-05-2020 Invoice Value 20000+Tax
08-12-2020 Invoice Value 35000+Tax
From the above case I was liable for TDS in respect of third bill on 08-12-2020 and the same was deducted and paid. Then I want to know whether I was liable for TDS in respect of first two invoices as the yearly limit of 100000 was not exceeded?.

In the same example if the third bill was at Rs. 20000+Tax, but I voluntarily deducted and paid TDS in respect of that bill. In that cases also whether I am liable for first two invoices.

Medical expenses where no health insurance is taken -- Is it allowed for all senior citizens or only for very senior citizens?

I have filed my income tax where I had Rs 11000 medical insurance premium under section 80D. This amount is also present in the Form 16 issued by the employer. However post processing I have been issued a intimation under 143 which does not give credit for the Rs 11000 and subsequently an additional demand has been raised. I have two questions
A) what is the reason why this credit for medical insurance has not been given even after it being declared in the Form 16
B) what should I do next.

Thanks for the help

A person who is holding FL 3 licence is running a liquor bar wherein he charges only for liquor and makes free supply of soda, water and small pouches of snacks to customers sitting in bar to consume liquor.

Alcoholic liquor for human consumption is out of purview of GST.

Whether prolong soda, water and snacks free of cost to bar customers would make him liable to pay GST on such items or whether the difference between purchase and sales of liquor would be considered as service and will be liable to GST.

Please guide.

Sir,

I have a doubt regarding the disclosure of income in the profit and loss account of a private limited company. The company was a partner in a partnership firm during the financial year 2020-21. During this period , partnership have paid interest on capital amounting to Rs. 120000 to the company (full amount was paid as it was not liable for TDS). How this amount should be disclosed in the profit and loss account of the company. Whether shown as interest on capital received or Dividend received under indirect income?. Whether any legal or tax implication in both the cases?.

My father sold a house and before tax filing he expired.

Cap gains is 80 Lacs that need to be reinvested in another house (50 lacs extra bonds already invested while he was alive).

He has 3 hiers -- Son, Daughter and wife and I as Son will be his legal representative for tax filing.

So should the house (reinvestment for exemption) be purchased in
1. Son (legal Rep) name
or
2. All 3 legal hiers name.

I just need to make sure exemption for 80L can be claimed

Thanks