Respected Sir/Madam,
An Assessee has made a contract with contractor (Called ABC Ltd) for Construction Work. Now an assessee is making payment to third party on behalf of ABC Ltd for material purchase than TDS U/s 194 - C is applicable. Also Bill for the material is to the name of ABC Ltd. Only an assessee is making payment on behalf of ABC Ltd nothing else. So Suggest me about the applicability of TDS.

Thanks & Regards
Jignesh Selarka

Hello,

One of my friend (Indian Resident) is employed with a Singapore based company and works out of India. He however receives salary in USD into his Indian bank account. His salary is divided into 1. Basic and 2. Other allowances. His income falls in tax bracket, he need advice on Tax implication

1. Tax is being deducted by Company as per Singapore law. Do the company still liable to deduct TDS u/s 192 as per India Income tax act?
2. How does employee gets the benefit of TDS deducted as per Singapore law? what document he will require from his employer for the tax deducted.
3. Under other allowances can he ask his employer to include tax exempted allowances like LTA etc.
4. Like Indian company give form 16 based on which return is filed by a salaried employee. Is there any form or certificate required from foreign company for filing the income tax return?

Thank you

Sir / Madam,

My query is relating to GST rate to Sub contractor where the GST rate is "Nil / Exempted" to Main Contractor.

The Main contractor is providing service to Local Authority (Municipality), which is exempted under GST.

The Main contractor is asking sub contractor to invoice without GST, stating it is exempted service (to govt). Further main contractors finance staff is explaining that, the rate to sub contractor will be same as rate to Main contractor.

Requesting kind opinion.

One gst registered composite dealer trading for kirana goods taxable and exempted goods selling.
1)Tax payble rate 1% on taxable goods only is correct or incorrect
2)At present freight charges paid 5 thousand above rcm applicable.

Sir, My tax practioner filled GSTR3B of my firm from July 17 to Nov 17, at the time of filling of return he entered Interest for delay payment of GST in the month of Aug 17 & Sep17, amount of which i think wrong. But when i chased him for his mistrake , he says that the Interest for late payment of GST for the month of July was automatically calculated at the time of filling of GSTR3B for the month of Aug & for Aug at the time of Sep.by the GST portal.My question is it actually possible that Interest was automatically calcuate at the time of filling GSTR3B of current month for previous month.by the portal, kindly explain, Also he does not mention any exempt sale, non gst item &Hsn code in anywhare of the returns.

Read more at: https://www.caclubindia.com/experts/interest-calculation-automatically-under-gst-2737724.asp

We have received order from UAE base customer for supply of material and asked to ship the materials directly to their client in India.

Kindly explain the GST provisions in this case. Is it Export supply or not.

We are getting payments in India Currency.

We are registered in Maharashtra and material need to supply in kerala.

Happy day everybody!!
If a person files his return of income and he misses to mention TDS in ITR and pays the full amount..
Can he claim TDS in his next year ITR AY 2019-20 as he has not been claiming for past four years..
Please help me..

dear sir,
as we have mistakenly issued a tax invoice to a party on local sales instead of interstate sale in the month of March 2019 , now customer is demanding for interstate tax invoice ,though we have submitted the GSTR-3B of March 2019,
so, please suggest , as how can we solve the problem ? as we have submitted the return of march 2019.

Firm is registered under LLP for real estate business. The LLP has purchased commercial office and taken loan in the property. details with queries are given below.

Sr.No. Particulars Amounts
1 Purchase Property Cost 6 Crore
2 Taken Loan 3 Crore
3 Own Investment 3 Crore

Annually Income & Expenses
A Above Property Given on rent 5 Lakhs – Annually Rs. 60 Lakhs
B Interest on property loan 4 Lakhs and will be reduce monthly by reducing method

Assumption on annual basis for income tax
A Rent Income 60 Lakhs
B Interest 42 Lakhs
C Profit 18 Lakhs

Questions
1. Can company claim interest amount from Income Tax?
2. How many years company get benefits?
3. If next year company will purchase 2nd property on loan then can they claim interest of 2nd property from income from 1st property?

I have completed LLB and ca ipcc. Not able to clear ca final instead of giving it for 8 times. I am having a good taxation base and also working in cafirm. Now I want guidance that what should I do now? n where to apply for jobs in government sector or private sector.Should I go with Law or continue with ca field?

Please guide me on this