Sir My company engaged in power supply.we offer nod for infrastructure developments in power sector.some agencies build infrastructure of power under the supervision of our company & we charge supervision charges @ 1.3% for the same.
now,agency has deducted 10% tds on supervision charges.whether it is right to deduct TDS even though its supervision charges & not supervision fees?
please guide.
As per the Section 10(10D) of the Income Tax Act, any amount received from life insurance companies including sum allocated as bonus is exempt subject to certain conditions.
Whether the amount referred to is the amount credited or the amount received less premium paid? Please advise which amount would be shown under the above said section.
Rent paid is INR 40,000.00 p.m. Landlord is an individual and the tenant is a Charitable Trust. Whether GST is applicable on rent in this case? Whether TDS provisions under GST applicable here? Please suggest me the compliance w.r.t. Income Tax Act and GST Act for both the landlord and the tenant.
sir,
I have a land whose stamp duty value is worth Rs. 50,00,000 and i have documents which agrees with builder to construct 6 house on that land and to hand me over 4 house and 2 will be sold by the constructor. Now should i account for capital gains or other sources? Since no cash payment is involved in this transaction i cannot opt under 54F nor there is amount to transfer to Capital Gain Savings Account Scheme.
What is the treatment for this transaction?
While registering myself as a Practicing Professional on MCA, the following message is coming up:
'Income tax pan details do not exist in the system'
What does it mean?
Dear Experts,
Can notice for annual general meeting of private limited company be issued before the date of approval of financials by directors?
I am GST composition scheme registered dealer having retail trading business of grocery items like rice, atta, potatoes, onion, sugar, condiments etc. I think rice, atta, potatoes etc. are exempted from GST. While filing CMP 08, may I show exempted sale and 1% taxable sale separately ?
WE ARE REGISTERED IN SOCIETIES UNDER THE NAME AND STYLE M/S GENERAL SAMAJ. PLEASE CONFIRM THAT UNDER WHICH CATAGORY SHOULD APPLY.
Earlier in 2016-17, i earned 270000 as commission income and tax deducted us 194d. and i shown inincome from business and profession. and in 2017-18. i earned 150000 as commission income and tax deducted us 194d and i shown in other sources ..and i got refund also. now quiestion is in 18-19 i also earned 70500 as commission income and 230000 business from stationary shop. so where to shoe both income. which head i have to select for proper return filling
Read more at: https://www.caclubindia.com/experts/income-tax-on-194d-2751474.asp
How a individual can change address in pan card? Which supporting documents required?
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Tds deduction on supervision charges