Dear Respected member,
Kindly help me in following query

Can a Pvt. Ltd company pay Professional fee instead of salary to its director, director having professional qualification.

`A’ has constructed an office building (on a self owned Plot) comprising of Ground + 5 floors. `A’ has shown the said Land & Building as Fixed Asset in his Balance Sheet. The said presentation has been accepted by the Income Tax Department. At present `A’ is using the entire Building for his Office purpose for himself, his sister concerns and for the Ltd. Companies in which he is a Director. `A’ now wishes to give a part of his Fixed Asset on Leave and License basis. The said Building has not received an Occupation Certificate from The Municipal Corporation of Greater Mumbai.Queries:

1. Will the said income generated be treated by the Income Tax Department under the head of Business Income or Income from House property?

2. Will the rest of the Fixed Asset be charged Notional Rent by the Income Tax Department in view of the letting out of the part of the Fixed Asset.

WHAT WILL BE THE GST RATE ON ICE CREAM IF IT IS SOLD IN RESTAURANTS , WHETHER ICE CREAM SHOULD COME UNDER FOOD SERVED IN RESTAURANTS AND 5% GST SHOULD BE CHARGED .
AND IF 18 % GST IS CHARGED ON ICE CREAM WHETHER ITC IS AVAILABLE AS ON FOODS SERVED IN RESTAURANTS GST RATE IS 5 %AND NO ITC IS AVAILABLE .

Dear Sir,
Manufacturer of iron door frame and windows has purchased an air conditioner for his office. Whether itc of airconditioner can be claimed in 3b return
or
ITC of airconditoner is in barred Catagory ?

Dear Members,

There is a company which is into a publication of B2B magazines. The company provides the contents and get the advertisement from its clients like W, Indi fashions, Go colours etc. and outsource the same for printing. The company earns revenue from Advertisement (charges GST) and sale of magazines on which GST is exempt.
on the other side, the company pays GST on paper and getting the same printed.
my question is whether a company can claim input or not in the above case.

Thanks
Mamta

Billing and Dispatch from Different states

Billing from the state where registered and dispatch from the state where there is no registration under GST
is it possible

Respected sir,
We are building a hotel, and we are partnership firm, so for all works are given to subcontract basis and all the amount paid to subcontractor is our expense. So can i capitalized that expense? or i have to pay tds on that expense and show that expenses in p&l. if i show all that expense in p& l then for current year and next 1-2 year we will be loss making firm reason behind that is currently our construction work is ongoing and it is likely to be completed in next 1-2 year.

i purchased goods from kuwait, initailly material was good, but later the quality didnt match to the standards therefore it didnt pass the quality check and laid in customs due to which i am facing heavy loss. the concerned party has agreed to reduce its price for all the invoice, can this be allowed? if yes then what is the procedure?

Dear sir

, Please Guide me anybody I am a proprietorship business man and liable to deduct TDS please advice me how to deduct other proprietorship TDS and file return online without TAN no.

Dear sir,
Please Guide me anybody

I am a proprietorship business man and liable to deduct TDS please advice me how to deduct other proprietorship TDS and file return online without TAN no.