One of my Client is an NRI. He has sold a House property in Pune for Rs.49,00,000. But the buyer has not deducted any TDS u/s 195. I have two queries
1, Is it necessary to deduct TDS @20% for TDS on sale of Immovable property plus cess if the seller is NRI?
2, Form 13 Non-Deduction / Lower Deduction of TDS is it applicable in this case?
We are in UP dealer & having a car with up no. problem is that we repair car from delhi showroom and service provider give two invoice. One for Goods & other for service . he charge IGST on service bill but goods invoice charge CGST & SGST.
Service provider told that place of supply is delhi for goods, so he will charge CGST & SGST. Is service provider correct.
I am into business of renting commercial property, I am charging GST on the rents, and filing my GST returns, also my tenants has deducted TDS u/s 194IB on rent paid.
So now my question is for income tax purpose, Whether I have to show my inocme under House property head or Business head.
Thanking in advance.
Sir,
Is possession of assets constitute disproportionate to known source of income even if the assets acquired through legal means.If someone did not intimate to his department to some of his assets but the assets one's posses is legal then can someone be found guilty in court of law?
Hi Team,
Our company brought a car on which I have paid TCS, I have included this TCS in Fixed asset ledger. Whether I can claim TCS paid on these purchased item in companys net tax liability? This TCS is showing in companys 26 AS statement .Also provide the entry to be recorded.
One registered regular dealer trading kirana business.total turnover 2017_18 rs.70 lakes.but I.t return not filed.recent notice received nonfiling of returns (nms) sft code 003 from I.t department.
1) notice reply submit only.
2)I.t. return filed compulsory.
our client entered into partnership in 2014 with 3 partners. but due to some reason we did not filed deed for registrar of firm mumbai. now one partner is death 2018 december and they want to draft reconstitution deed which they want to register to ROF Bandra. now my query is how to submit new deed of reconstitution even old one is not registered in rof. what is procedure to complete this task .
Dear CA Club Expert Members,
I have query regarding GST on restaurant business,
There is entity which is in restaurant business. Its Head office is located in Delhi. There is central purchases and all the purchases are made in the Delhi Head office. Now the goods purchases are distributed to its registered branches located in another state in two ways
Some of the goods are distributed as it is without any processing and some of the goods are distributed with some processing like converting the stock into gravy form (Liquid form) and then sending the goods to branch
Now I want to know whether GST need to be paid when goods are sent by restaurant to its branch located in another state and it so at what rate.
Here sale is not made to end consumer by to another entity registered under GST.
As per the GST council decision restaurant will charge 5% GST without any ITC So if we charge GST Will the another branch paying GST will get credit for the GST paid on its purchases ?
Also tell Whether the Head office that is selling goods to another branch can it deduct the tax paid on its purchases from the tax collected on selling goods to its registered branch ?
Expenses incurred for repair of concrete road to pevar within the Petrol Pump are of capital or Revenue nature??
we get transport facility from several transporter all having more than 10 vehicles but its bill amount not more than 30k and aggregated 75k than we are liable to deduct TDS from his bill amount. plz calrify .
and what if they have less than 10 vehicle.
Thanks
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Non-deduction / lower deduction of tds