Government contractors who are carrying on works in various governement departments i.e., Highways Department, PWD department etc., are purchasing materials and claiming input tax credit. They are paying 12% GST; but taking credit for the purchases of building materials. Are they eligible for claiming input tax credit on the purchases made by them ?
Dear Sir,
One of our client filed consumer court against builder for not handing over the flat possession on time. The case was won by client and order was issued by court to pay the amount paid by client along with compensation ..
It was mentioned in order of court that amount to be paid along with compensation without deducting any tds
My query is whether this receipt will constitute as capital receipt as relinquishment of rights , and the same needs to be disclosed under capital gains while filling ITR.
Please help.
Is TDS applicable if I purchase software outside india? pls.explain
Dear Sir/Madam,
Presently am staying in Gurugram which is allowing me to claim tax deduction on Home loan and HRA as property taken is in Mumbai.
I would be relocating to Mumbai on 1st December 19 and property is in thane, can i still claim both the benefits, if not, what should i do to claim the same.
Sir there is a MSME which has fiancial crises and there is no liqudity all the assets are already been mortgage and hudge amount of unsecured loan then what are the steps to over come with financial crises
is it compulsory 15 days before generate udin for tax audit reports pls clarify
Sir we are having a lot of GST Refund i.e. in Crores but still we are not getting the refund from the department then what are proceedings and procedures to get the refund as earlier as possible
Dear Experts,
Please advise on the below case study.
Suppose I am an event manager.
I had paid for refundable deposit to use a property for 10 years alongwith my cousin, like a monopoly right. Now I am no longer using the property. Please suggest a process to transfer the same to my cousin and how should I get my money from cousin. Will there be any tax implication in my or my cousin's hand? Thanks in advance.
Regards,
Preeti
Please give the format of Member Declaration Agreement for paid assistant in the CA firm.
Input tax credit for government contractors