Can TDS & GST is deductible on government grant receivable to NGO

We are a trading firm, we have multiple transporters about 8-10 whose individual freights are under 30000.00 but the total amount of freight during the year is more than 1,00,000.00 annually. So is the TDS applicable on freight and on what amount?

Any expert opinion?

I have done f&o trading from my grandfathers money and i have no income and have lost 8 lakh in f&o trading my turnover is less than 1 crore so should i require to present my loss as i have no income

Company is deducting tds on salaries for its employees for FY 2019-20. Shortfall was observed for 5 employees. Hence the company paid the shortfall amount in June. But the payment was not made as a TDS payment. The company by mistake paid as self assessment tax quoting the employee pan.

Whats the solution to this problem now. If tds return filed as such it will attract penalty?

Hi

we are private limited company, we had taken a rent a cab service from a individual with tax charged @ 5% cgst-2.5%, Sgst-2.5%, but the service provider has charged tax in the invoice and not mentioned that " tax is payable under reverse charge mechanism, my doubt is whether we have to pay the TAX as RCM or we shall pay the entire bill amount including the tax to the service provider since service provider has not mentioned as rcm payable and charged the tax in the invoice, please clarify me.

Thanks & Regards
Santosh

Dear All,

Does anyone have the Indian compliance calendar for FY 2020-21 including SEZ activites.

Nowadays hospitals have started giving Home care facility for Covid 19. They are giving kit of medicines and doctor consultation on Video call.

Will this be treated as exempt supply? Doctor consultation and medicines also?

Can a partnership firm invest in another partnership firm. If so what are the things to be kept in mind in doing so.

Dear Sir

Please update me whether the disallowance on account of non deduction of TDS in case of interest payment u/s 194 A is applicable in case of an individual business where total turnover is less than 2 crore and 44 AD audit is applicable,Please convey the exact provisions under which we can rely

Long term Capital gain form sale of mutual funds is less than 1 lac in fy 2019-20. Is it taxable?