Respected sir,
I want to ask a query that how we registered as a tax deductor with sam GST No. which alloted as normal taxpayer. I go to New registration and registered as a tax deductor like normal taxpayer. GST department issue a gst no which is almost similar but last 2 digit are change. Now i want to ask that whether process is correct or incorrect. If incorrect then provide the process for the same

We charge GST on Labour contract under reverse charge when the supplier is not registered. Applicable rate is 18%.When does it came into effect? i.e What is it is applicability date?

Dear Sir,
We are exporter of Carpets in Varanasi (U.P.) and we have to use data integration software in which we fill exported goods details .
for usage of the software we will make payments in USD to a US based company.
My query is that whether we are liable to pay GST on such usage of software or not.
If yes please guide me with relevant section /clause mentioned in GST act.

Thank you in Advance

Can depreciation be charged at rate less than the rate specified in the act?

Sir
I have got the occupation certificate in Jan 2019 of the property. I am the owner.
The construction is going on till date. I want to know that if I sell the property in March 2020 then indexation cost benefit will be applicable on the improvement cost which I incurred after Jan 2019.? Pl advise.
Regards

Sir
I have got the occupation certificate in Jan 2019 of the property. The construction is going on till date. I want to know that if I sell the property in March 2020 then indexation cost benefit will be applicable on the improvement cost which I incurred after Jan 2019.? Pl advise.
Regards

DEAR SIR,

WHILE AUDITING CHARITABLE TRUST ACCOUNTS, GOVT GRANTS RS. 139680/- FOR BUILDING CONSTRUCTIONAL WORK FOR TRUST AND THE AMOUNT CREDITED TO TRUST BANK ACCOUNT. NOW MY QUESTION IS APART FROM THE GRANT RS 94496/- PURCHASED THE MATERIALS AND PAID LABOUR CHARGES. IN THIS SITUATION HOW TO TREAT GRANT AMOUNT. IT SHOULD BE SHOWN IN THE LIABILITIES SIDE OF THE BALANCE SHEET OR TRANSFER TO THE INCOME AND EXPENDITURE ACCOUNT. NEXT YEAR REMAINING GRANT AMOUNT OF RS.45184/- COMPLETELY UTILIZED FOR BUILDING CONSTRUCTION. HOW MANY YEARS GRANT AMOUNT SHOWN IN THE LIABILITIES SIDE OF THE BALANCE SHEET BUILDING IN THE ASSET SIDE OF THE BALANCE SHEET OR GRANT AMOUNT TREATED AS INCOME OF THE TRUST.

CLARIFICATION NEED URGENT HELP ME SIR

REGARDS

My income include salary and share of profit from partnership firm. Firm is paying income tax on its profit filed I.T Return for A.Y 2019-20 showing my share of Profit from partnership firm. Though I have my share of profit ITR-3 and not included for calculation of Income Tax. However, I left blank by mistake schedule IF(Information regarding partnership firms in which assessee is a partner.). Now demand notice received from Income Tax , levying tax on my Share of profit in partnership firm which is exempted u/s 10(2A).
Whether I have to submit revised return ?

Hi

We intend to buy software / License (non-shippable Item) from overseas companies.

Do we have to pay customs duties if the licenses key are fulfilled through email?
do we still have to deduct TDS if it comes through customs?
if we pay both isn't it a dual tax.

Pls advise,

Thanks

Navin

One of my Client is engaged in lodging business, its apartnership firm.The lodging is done in a family property which belong to six persons of whom two are partners in the above firm.
The capital expenditure done to the property is accounted in books of partnership firm as and when th expenditure is incurred , but not the initial value

Now the joint owners are arriving at an agreement and property is coming to the hands of one person..Please advise whether capital gain should be taxed in individual hands or to be taxed as short term capital gain in business