ONE OF OUR LOGISTIC OPERATOR (ROAD TRANSPORT) HAVING GSTN AND FILED THE NIL RETURN FOR THE PERIOD FROM JULY 2017 TO MARCH 2018, BUT HIS TURNOVER DURING THE PERIOD WAS AROUND Rs.50 LACS AND THEY FILED THE INCOME TAX RETURN FOR THE TURNOVER. NOW THEY RECD NOTICE FROM CGST DEPT. THE ANNUAL GST RETURN NOT FILED SO FAR FOR THAT PERIOD. PLEASE LET ME KNOW HOW TO REPLY THE NOTICE AND THEY CAN FILE THE ANNUAL RETURN NOW. PLEASE CLARIFY

Sir,

I have an invoice which were liable to be taxed under section 194JB@2%. But at the time of Payment of Challan under section 281, only section 194J was available for selection. Confirm how this payment can done.

GREETINGS !!

I WANT TO UNDERSTAND HOW I CAN TAKE BENEIT SECTION 24 OR 24A OR HOUSE PROPERTY OR HOME LOAN .. THE SCENARIO IS AS FOLLOWS ..

I HAVE AN APARTMENT IN MAHARASHTRA ( NO HOME LOAN ) OCCUPIED BY PARENTS WHICH I THINK CAN BE CONSIDERED AS BOUGHT LET OUT OR DEEMED LET OUT .. I BOUGHT AN APARTMENT UNDER CONSTRUCTION IN KARNATAKA IN JAN 2016 WITH A HOME LOAN .. HOME LOAN WAS ALSO TAKEN IN JAN 2016 .. THE APARTMENT IS STILL UNDER CONSTRUCTION .. KINDLY LET ME KNOW HOW I CAN TAKE THE DEDUCTION BENEFIT FOR THE SAME .. ALSO I NEVER TOOK THIS BENEFIT IF ANY SINCE 2016 .. CAN I AVAIL THAT BENEFIT BY REFILING MY IT RETURNS FROM 2016 ...

KINDLY GUIDE

Hi Everyone
A client has taken a collection center of Pathkind Labs who provide pathology services. Collection center take blood samples and send it to testing lab of the company, it has employed a DMLT person for the same. Collection centers pays advance amount to Pathkind which reflects in virtual account of collection center in company's billing system. For every test entered only cost of the test is debited from virtual account. Collection center charges MRP of the test from customers. In 26AS the company shows MRP-COST as amount paid to the center and charges TDS on the same. TDS is recovered from virtual account every month.
Please help me with following queries.
1. Will income be considered in' the nature of commission or brokerage" hence it will be disqualified as business in Sec 44AD?
2. If yes then can the owner of collection center be considered as professional ( He doesn't have any professional qualification) in medical field and can file ITR in Sec 44ADA?
3. If No can the owner file ITR in presumptive income under Sec 44AD?
4. What should be the revenue for center amount MRP or MRP-cost?

I have searched this topic in forum and views of experts are contradictory.

Warm Regards


Kuldeep Saraswat

Managing Partner

Fortune Finance

www.fortune-finance.in

Email: kuldeep.fortune@gmail.com; kuldeep@fortune-finance.in

Mobile: +91-9899 55 0355

I have purchase HRMS software for office use and in that invoice they have mentioned license software under SAC 997331 ("LICENSING SERVICES FOR THE RIGHT TO USE COMPUTER SOFTWARE AND DATABASES" shown by searching the SAC code). I want to know the TDS applicability on the same. Whether I have to deduct TDS under section 194J or 194JB?

I AM EMPLOYEE OF RELIANCE INDIA. BUT I HAVE BEEN WORKING ON A PROJECT IN USA. SO WILL MY INCOME EARNED IN USA BE BROUGHT UNDER SECTION 9 AND MADE TAXABLE OR BY ANY OTHER PROVISON

Dear sir ,
Last month gst filed on 21th and automatically 50 interest in cgst and sgst cames. I have sufficient cash ledger and credit ledger balance in my gst account . I try to set off by adding this interest amt ,but gst system report that need additon Rs 50 .
Please advise
With regards
Binu

Can you please suggest to me the Ca firms for articleship in the Chandigarh?
I'm looking for a mid-sized Ca firm that can offer a good stipend.
I cleared ca inter group 1 in 1st attempt in July 2021 and now preparing for group 2

What is Key Audit Matters(KAM) and Emphasis of matter(EOM)? and which is more important?/

From where i can get existing format of audit report as per Companies Act?. If some one can please share the same.

Thnx