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mohamed ali & co
02 September 2023 at 20:51

TDS REMITTANCE DONE WRONGLY

There are two firms having similar names. while remitting tds chalan, TAN number was wrongly mentioned in the chalan and the tds has been remitted from the other firm. Can it be rectified. I request the experts to show a way out of this wrong remittance of TDS chalan using a wrong TAN number


jignesh sitapara
02 September 2023 at 17:22

For Furniture ITC

Dear Experts
My client purchase a plywood for making his shop furniture. Now Can I claim ITC on plywood u/s 16 ?


sunil c

1) The assessee is a Private Limited company;
2) It derives Rental Income only from the Proerty which is shown in the Fixed assets;
3) Object cluase doesnot have Renting as the Main Object;
4) Depreciation not claimed
Query: Whether in the given scenario it will be assessed under Business Income or Income from House Property.


MAKARAND DAMLE
02 September 2023 at 17:17

Private Limited Company Companies Act

A Private limited company is registered under companies act
It has two directors and both are NRI

My question is whether this pvt ltd co will be domestic company for income tax purpose


hari

SIR,

WE HAVE INSTALLED A SOLAR PANEL WHICH IS INSTALLED FAR AWAY FROM OUR FACTORY AND THE PREMISES IS NOT ADD IN OUR GST REGISTRATION CERTIFICATE. NOW DURING THE COURSE OF AUDIT BY THE DEPART MENT THEY ARE ASKING TO REVERSE THE ITC ON THE GROUND THAT THE PREMISES IS NOT ADD IN OUR REG CERTIFICATE. IT IS A VERY HUGE AMOUNT. PLEASE ADVISE ME WHETHER WE ARE ELIGIBLE FOR ITC OR NOT.
THANKS IN ADVANCE

REGARDS


Suraj Mishra

Dear Sir, Can you help me by providing the format of Invoice for Export of Services. LUT is filed for FY 2023-24, so we are exporting services without payment of IGST. Currency will be GBP. We have to send the invoice to our foreign client in UK.
Also, please confirm SAC (Service Accounting Code) as applicable in GST, needs to be mentioned in the export of services invoice. Our Turnover is less than 1 Cr till last FY since 2017, if SAC to be mentioned then, whether it will be 4-digit SAC OR due to export, 6-digit SAC code is required. Please help.

Regards,
Suraj


sai reddy
02 September 2023 at 13:44

ITR-4: Two business

I have two business, and the business code for both business is "21008-Other services n.e.c.".

In ITR-4, do I need to add two business with same business code or do I need to specify it only once?

Thank you for your kind help.


Shekar Co
02 September 2023 at 10:51

Calculation of remuneration for directors

are directors eligible for PF if yes how it is calculated


Hemkumar
02 September 2023 at 08:15

TAX AUDIT REPORTING U/S 269SS AND 269T

Whether addition in unsecured loan amount due to credit of interest and deduction due to TDS deduction need to be reported U/s 269SS and 269T, as acceptance of loan and repayment of loan


Pratik

My client is an Individual and has a proprietory business and is a registered person in GST:

He pays rent to an unregistered person in GST for:

property 1 : residential dwelling for his residence purpose and is showing the amount as drawings.

property 2 : residential dwelling for business purpose and is showing the amount as business expenses.

property 3 : commercial dwelling for business purpose and is showing the amount as business expenses.

Please clarify on which property RCM is applicable and which is exempt.