We are receiving bills from Transporter say GTA. Bills are booked under reverse charge.

Now Transporter says Sir Please do not Deduct TDS from our account and arrange payment in the name of Truck Owner. Truck owner is submitting his ITR accordingly.

Query:
A-Can Payment be made to Truck Owner against the bills of Transporter i.e. GTA??
B- If Payment can be made then can TDS not be deducted if declaration given by Truck owner with PAN that he is depositing TDS himself??

Hello Sir,
Some Equipments Purchased for GYM of Amount Rs.5016/- so is it mandatory to capitalize it or it can be booked as Expense ?

Please Reply.

Because of the hike in gatuity limit from 10 lakh to 20 lakh, the amount worked out by actuary ,the whole amount is to be charged to Profit in one year or it may be deferred to more than one year. Pl advice taking in to consideration the provision of AS-15

how to compute late fee for delay in filing of gstr-3b from the month of September to January.
can I know the provisions in calculating the late fee, and interest applicability .
for person whose turnover is less than 1.5crores

I had a agricultural land in city limits. I converted(into plots) my agricultural land into stock in trade and sold such plots.
Capital gain due to conversion of land into stock in trade was invested as per Section 54b. I purchased new agricultural land with whole capital gain.
Does my investment as per Sec 54B is in line with income tax act or ITO will disqualify such investment.?

Dear Sir,

We are into technical service and we provide Data Analytics services. Our client is in Bangladesh and they have asked us that they will deduct TDS @ 20%. We will provide the services from India and hence no PE in Bangladesh. Now my question is -
1. Whether TDS rate mentioned above is correct?
2. Whether we will be able to take credit of the TDS deducted in Bangladesh, in our tax returns?
3. What documents we need to follow?

Thanks in advance for quick clarification.

Regards

Ajay

I had a agricultural land in city limits. I converted(into plots) my agricultural land into stock in trade and sold such plots.
Capital gain due to conversion of land into stock in trade was invested as per Section 54b. I purchased new agricultural land with whole capital gain.
Does my investment as per Sec 54B is in line with income tax act or ITO will disqualify such investment.?

Does a CA Sole proprietor lose his firm name when he creates a CA partnership firm with another Chartered Accountant with a different Firm name and becomes an exclusive partner in the new firm . What will be the status of the old sole proprietorship firm name. Will it be blocked by ICAI ?

Sir,

Can a person who made sales purchase business ,upload GST in Regular Scheme can file ITR 4 if his total turnover is less than 2crore.

Dear Members,

1. I am tour operators, I have done booking on behalf of Foreign Client (Hotel in India), so in this case i should charged IGST or SGST & CGST?
2. In Case, We purchase Hotel from outside India and Sell to person living outside India is GST Chargeable on this transaction? if yes, then IGST or SGST & CGST
3. We buy Hotel situated outside India and sell the same to Person living in India, is this transaction will cover in GST?

Waiting for your Positive reply..