Hi, maybe this query is too basic but I am not sure how things work. Apologies in advance!
Basically my services business (proprietorship) has turnover of around 1 crore, and I pay Advance Tax. So want to know the money I pay Advance Tax from, is that also taxable? or any money that is contributed to tax is not calculated that way?
Thanks you.
My friend is in Indian Army and he got transferred from Panjab to Assam. He booked a packer n mover to transport Household stuff . But transporter GST No is Suo Moto cancelled n Pan is inactive. As army personnel usually he gets this expenses back from Indian army or defence ministry.
In this case can he can claim this expenses from defence ministry by showing bill of transporter whose GST no is cancelled n Pan is inactive.
Sir, my client is primarily a gta service provider in Maharashtra, whereas he is also running a petrol pump owned by a third person in Goa. Further, as per agreement for running the petrol pump my client is entitled for all profits from the operation of the petrol pump after incurring all expenses. Further, my client will pay ownership fee to the owner of the petrol pump as per the agreement. Furthermore, my client is making payment for ownership fee is under section 194ib,
My question is, whether the profit earned as per the agreement will be taxable for gst and if, yes, than which SAC will apply.
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Respected Sir,
ITR for the AY 2020-21 has been processed without considering Form 10E. When grievance filed, the department has informed me through SMS that they will issue rectified order u/s 154 expeditiously. But, 41 days passed, no order.
Should I file rectification request on my own or I need to wait for suo moto rectification by the department. I shall be obliged for your valuable suggestions in this regard.
Sir,
One of my friend is running a Proprietary business and he has purchased a commercial vehicle for
his business, through a private financial institution. He is paying regular EMI.
The turnover of his business has crossed Rs. One crore in the last Financial Year ( 2019 - 20 )
Now, should he deduct the TDS from the financial institution for the interest part on the EMI paid
by him for the vehicle loan ?
If so, what about the previous payments of the EMI, for which, TDS has not been deducted.
Pls. advice.
With Regards.
While filing MGT-7 list of shareholders are not attached and in the return column for No option is ticked. Now how reasons are to be indicated in the return separately?
The above return was for subsequent year and not for year of incorporation
I HAVE SOLD A PLOT IN JUNE 2017 HAVE CAPITAL GAIN THAT DEPOSITED WITH BANK OF INDIA IN CAPITAL DEPOSIT ACCOUNT. CAN I PURCHASEN IN JANUARY A FLOOR IN NEW BUILDING AND GET TAX EXEMPTION IN MY ITR 21-22. IS THERE ANY OPTION OTHERWISE TO EXEMPTION CAN U SUGGEST ANY EXPERT IN THIS FIELD IN DELHI HOPE EARLY REPLY
Read more at: https://www.caclubindia.com/experts/investment-of-long-term-capital-gain-on-sale-of-land-2829834.asp
I have cleared Group1 IPCC (CPT route) Completed years of Articleship. Where to apply for ATC certificate?
Thanks
What is the procedure for provisional regeneration for an distance education student and exams are in years basis soo kindly help me in according to that .
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