If a person deposits cash around Rs. 4 Crores for money transfer in his account which is eventually transferred to other people. His receipts in bank account would exceed Rs. 2 crores which is the limit for Tax Audit u/s 44AB. He only receives commission for money transfer. Whether he will be liable for audit u/s 44 AB and what will be his nature of business i.e as commission agent or business income ???

Client is covered under Vat Audit. there are some changes in purchases so client can revised it while filing form 704/ Annually or need to revised quarterly then to file Form 704? reply as soon as possible

In pvt ltd Co. with only 2 directors, both of them disqualified for non filing of annual accounts for 3 years. But the company's name is in "Active" status. As the directors are old, they are not keen on removal of disqualification. But how to file form STK 2 for striking off company's name?

I AM AN EMPLOYER, MY EMPLOYEE DOES NOT HAVE ANY PAN NO. BUT HE HAS APPLIED FOR THE SAME.
IS THERE ANY WAY TO NOT TO DEDUCT HIS TAX @20%. WITHOUT PAN.

I AM AN LIC AGENT AND I DON'T HAVE A PAN NO. ALTHOUGH I HAVE APPLIED FOR PAN CARD.
HOW CAN I SAVE MY TAX.I AM NOT DESIROUS TO PAY 20% TAX.
PLEASE SUGGEST

Sir(s),
We have recently presented a gold article (value is below Rs.10000) to one of our customer.

Kindly clarify us:
1) Can we claim the 3% GST in the bill raised in our company name.
2) Shall we claim as furtherance to business?

Thanks in advance,

with regards,
Bazeer Ahmed L

A EVENT MANAGEMENT COMPANY GIVES THEIR BILL OF A EVENT PERFORMANCE SO WHICH TDS RATES SHOULD BE APPLY BEWEEN 194C AND 194J AND IF CASE LAW FOUND PLEASE SHARE.

Sir(s),
We are in textile sector business, now we propose to purchase a car for our Managing Director in the name of our Company. Kindly clarify that can we claim ITC on the GST charged on the car invoice? .
If we claim itc mistakenly then what will be the consequences? shall we just reverse the credit taken by mistake?

Thanks in advance,

With regards,
Bazeer Ahmed L

sir, i has a petrol bunk but now GST does not attract on petrol, should i file my gst returns, or what should i do regarding filing of my returns, can i submit nill return,
should i file my VAT returns?
does non GST goods attract VAT ?
VAT has completely abolished?
pleas help me regarding this

There is a person who had given his land under land development agreement and in return he is getting three flats rest all are builder's share (35:65-share of land owner and developer). These flats are the only considerations as no monetary consideration received by land owner to builder.
Now the problem is he had not paid capital gain tax for flats received under land development agreement but now he is selling one of the flat for Rs. 49 lacs. What will be the cost of acquisition of the flat while computing capital gain?