Rahul Ramachandran
07 October 2024 at 16:53

TDS on Property joint Buyer

Hi All,
I doubt on TDS applicability in the below scenario:
Property : apartment booked prior-construction and will be registered post construction.
Land cost: 8L
Construction:41L
Total : 49L
GST : 5%
Total of GST: 51.45L
Seller: pvt company
Buyer : join owner(husband & wife)

Question:
1.Whether TDS PROVISION applicable for purchase value based on net (49L) or gross (51.45L)
2.Whether TDS CALCULATION applicable based on net (49L) or gross (51.45L)
3.As buyer is joint owner, the limit is considered based on each buyer wise also or only the total property value wise?
4.Whether TDS applicable in the above scenario

Please provide your suggestions.


M Sivakumar
04 November 2024 at 10:41

Invoicing in different currency

Within india is it possible to Invoice in USD Currency if the Customer is not in EOU or SEZ


S Chatterjee
07 October 2024 at 15:29

Delay in ITR submission

Hi expert, due to some medical emergencies I could not submit the ITR within the stipulated time this year. Because of this, I would need to pay more as the tax regime got converted to new tax regime.

Request if any expert can help here.

Thanks,
sF


Pav

I have recently got my GST registration however the friend who did the registration for me now tells me that since the registered address is a virtual office it's advisable to provide additional place of business as my residence.
However, the sole reason I got a virtual office was cos my residence address is a family property and is still in the name of my late grandfather. I don't have documents for showing ownership of premises associating it with me or firms name.
Would I need to have an additional place of business to be on the safe side?


Gourav dewangan
07 October 2024 at 13:55

Acceptance by assessee....

Suppose last date for uploading audit report of proprietorship firm is 7th oct 2024 and last date for filling his ITR is 30th oct 2024. Auditor upload the audit report on 6th oct 2024 i.e. before due date. Now audit report is pending acceptance by assessee. My question is that what is last date to accept audit report by the assessee. Weather it is 7th oct 2024 or 30th oct 2024.


Mahabir Prasad Agarwal

If a Flat Owners Society collect more than 20.00 lac during a year against society maintenance charges, whether society will be liable to be registered under GST ? If yes, what rate of gst will be applicable sir ?


Pandy ji

Whether interest on partners capital allowed in case of loss ?


binu sukumaran
06 October 2024 at 22:37

Export of service with Lut in GSTR 1

Sir.
We take LUT for export of service. While updating Table 6A I select mode with Lut.
For export invoice updating.
My doubt is while selecting tax area in tax 6 A what rate is invoice value is showing it is 0 rate or 18%.
One more how to show this transaction in HSN code .we have also local service.
Please advise


NAVEEN SINGH
06 October 2024 at 18:59

TDS AG SAC 998596

TDS RATE ON SAC 998596


Mayank Sharma

I have filed my ITR under section 44AD now i have received notice u/s 131(1A) to produce books of accounts as i have not maintained BOA what should i do there is nothing mentioned in notice about which Documents is required by A.O the only thing mentioned is BOA should be produced
Its urgent pls give your suggestions ASAP