We are registered company and we have made a contact with another party ( individual) to erect hoarding board for advertisement of our company, and as per contact we are making payment rs. 8000/- per month. Now please tel us whether TDS will be deducted under section 194C ( advertisement) or under section 194I ( Rent).

Waiting for your reply

Dear Sir,

My colleague is independent a consultant & providing consultancy in a company & raising monthly Invoices. Please let me know which ITR need to be filed? ITR1, 2, 3, 4 or 5. Please clarify & what kind of savings/investments/examptions he can show in his return

recently i saw that one of a chartered Accountant has signed the financial statments of an AOP having no tax audit.is it amounts to violation of any related law.?

can CA sign incase of no audit with his firm name ?

dear sir i m 40 % physically handicap female i want to file income tax returns for my fixed deposit tds return so i want to ask is there any special fatality for or something different to file income tax returns for that kind of person.

An individual making payments towards rent for the property in the name of his mother per month of Rs. 66000/- But as per latest circular of I.Tax w.e.f 01st June 2017 payment of Rent more that Rs. 50000/- TDS will be deducted at the time of making payment @ 5%.

Now queries are payment made by the individual to his mothers on monthly basis but TDS deducted in the PAN of his father by miss take. The said property is in the name of his mother not his father.

In this situation what exactly action to be taken by the individual as income has generated in the hand of his mother but TDS deducted in the PAN of his father, father has no other income and income from house property in hand of his mother.

Please advise.
Thanking you

Dear Experts, GST applicability on land developers. Person, who purchases land and he develops the land with an infrastructure such as drainage system, roads and plantation of plants as per the instructions given. After this development of the land, he will not do any building constructions and all. He sales only developed land as plots. As Land is the exempted from gst, is he required to get gst registration, if so, will he eligible for ITC on the material purchased on land development, as land is the exempted from land ? What is the provisions/rules under gst, applicable to this kind of business ?
If above project advance receipts from customer(buyer) gst applicable or not?

Dear All,

An individual having 2 House Property had capital gain of Rs. 25 Lac in F.Y. 2016-17 on sale of one of them and invested Rs. 45 Lac in F.Y. 2017-18 (within one year from the date of Transfer) in a residential house and sold the second property in F.Y 2017-18 (A.Y 2018-19) on which he earned capital gain of Rs. 30 Lac.

Now the question is whether he can claim Exemption u/s 54 of Rs. 45 Lac (Rs. 25 lac in ITR of A.Y. 2017-18 and Rs. 20 Lac in the ITR of A.Y. 2018-19) because he has invested in one residential house in India Within 2 Year after the sale of Property-1 and One Year Before the transfer of Property-2.

Can he claim entire exemption of Rs. 45 Lac in two different year or Rs. 25 Lac in the A.Y. 2017-18?

1. Nepal Govt had floated a tender for mobile forensic van. XYZ had bidden for it and was qualified for it.

2. XYZ ordered to ABC to provide van for fabrication.

3. ABC have approached PQR Ltd. for External and internal fabrication for mobile forensic vans as per their specifications.

4.In turn, PQR will get the fabrication work done from other party in Pune. Then the van will be sent to Nepal.

5.Again Forensic kit (to be fitted in the van) will be purchased from Delhi and will be dispatched to Nepal. This kit will be fitted /installed at Nepal by the Vendor of the kit(from India). Transportation of kit from Delhi to Nepal will be done by XYZ and PQR will raise bill for kit and its installation to XYZ.

The local parties, from whom fabrication work is done and kit is purchased / installation is done, will charge GST on their respective bills to PQR

Is IGST is applicable in this case since Nepal does not have GST regime.

While exporting goods without LUT, we have paid entire IGST and have not utilised the Input Tax Credit for the same.
Can we claim refund for such unutilised ITC and please can you explain the procedure?

The formula for Refund of Unutilised ITC specifies refund only for goods exported with LUT with payment of IGST.

Thanks.

Sir, our's is construction company we are paying transport charges for material purchase and machinery shifting whether we are liable to pay gst on transport charges as reverse charge if yes can we avail ITC on the same kindly tell us.