SIR/MAM-
We are GTA Pvt Ltd and Our directors are having their own business. They are also supplying their trucks to GTA for hiring purpose that means, there is a business connection between GTA and their business.
Hence, we are paying and receiving the cash between these businesses in case of any need of fund.
Can we continue like the above or not?
Plz give your opinion
thanks in adv

Hello Sir,
No TDS is deductible on Export Freight paid to Foreign Shipping Companies or Agents of Foreign Companies in India. But the Companies are asking My Client to Report this Transaction in the TDS Return Form 26Q.

How to do this? I can't Find Any Flag there for Section 172 Exemption from 194C & 195. I tried reporting it Under Section 194C but there is no Appropriate Flag.

What to do, Kindly Guide.

Dear Sir,
One of the brick manufacturer has purchased a JCB machine of his brick kiln. Now he wish to refund of itc of said JCB machine. What is the procedure for the refund of itc of capital goods.

Please advise me.

SIR/MAM -

We are the Partnership firm, having the turn over below Rs.1 Cr., and had commenced our business in 2020-21.

We are hiring our 7 trucks to GTA Pvt Ltd Company.
Can we file ITR u/s 44 AD ?

If yes? Can show the profit as 6 % on receipts and payments?

Plz guide us
Thanks in adv

For non deduction of TDS While remitting funds to non resident on account of business income Tax residency certificate of Foreign Principal is necessary or Certificate from NRI that No Permanent Establishment in India is enough

Can AOP be converted in to Partnership Firm ? And how to change PAN details? If yes give me the detailed procedure for the conversion of the same . If no please give the reason for the same.
Awaiting your earliest reply.

Vinod Kumar K.G.
vinod.vsf@gmail.com

My son is working in it sector with on salary basis. He wants to work as freelancer in his spare time with another it company. Can he work as employee of my huf and get honararium from huf and the huf can get the freelance work fees as huf income? If yes, what will be huf's tax liabilities? Presumptive or actual basis?

Is HSN/SAC code is also mandatory in case of supply of HSD/Fuel, supply of water through water tanker (GST not applicable on tanker water) and unregistered sub-contractor & supplier and supplier under composite scheme.
Kindly confirm.

Thanks with Regards,

Dilip Baranwal

One of my friend's father received notice from Service tax for FY 15-16 for non payment of service tax liability
his father is carpenter and he has filed return for getting home loan from bank. in his return, it shown gross receipt more than Rs 10 lacs. whereas as per bank statement no such receipt.

Now service tax department sent notice with reference to income tax return for particular period.
department asking to pay Rs 1.5 lac and settle liability. which next to impossible for such poor man.

any way out, please let me know

It Assess every year in-time returns filed.recently notice sec 148 f.y.15-16 from it department .but sec 147 another sec mentioned in notice.
Question:
What sec 148 and sec 147.