Sir,

I have two Assets Which is Value of Rs.144000/- ( Furniture Rs.100000 and Weighing Scale Rs.44000/- i have sold of Furniture of Rs. 111000/- So Gain Rs. 11000/- So Please suggest below Table is correct for Deprecation claim or note

Particulars W.D.V. as on 01/04/2024 Deduction During the Year Total Rate of Depreciation Depreciation During the Year WDV AS ON 31.03.2025


Land & Building 100,000.00 100,000.00 - 10.00 - -
Plant & Machinery 44,000.00 - 44,000.00 15% 6,600.00 37,400.00
44,000.00 - 44,000.00 6,600.00 37,400.00

I, being a GST composite dealer, had supplied goods to one party. The party used the goods for his repairing/maintenance purposes and deducted ITDS. The Local GST officer, on the basis of Form 26AS, termed me as Service Provider and issued me a demand against the same. What should I reply ?

Sir,

We are manufacturing company and some cases we need to pay cash to transporter due to their emergency what is limit for cash payment for allowable expenses to income tax.

Thanks & Regards.

I am manufacturerer in jallandhar Can I order my supplier to ship goods to ludhiana tranport as I can not disclose my party details to my supplier. I want delievery at ludhiana as my customer is in ludhiana. Problem is that I want ship to tranport godown in ludhiana. So that in can sale from transport godown to my customer. Is it possible. Without giving customer name I can get my goods ship to ludhiana. Please guide me

Sir, My Client has his aadhar registered in a UDYAM Certificate which he was a partner, now he wants a new UDYAM for his propreitor firm. we have cancelled his earlier partnership firm UDYAM and trying to register in propreitor firm. but the portal is not allowing. how can i resolve the matter.

Salary A/c Dr. ( Cost of the Company)
To Employees Contribution to EPF Payable
To Employer Contribution to EPF Payable
To Employee Contribution to ESI Payable
To Employer Contribution to ESI Payable
To Gratuity Payable
To Professional Tax Payable
To TDS Payable
To Advance Adjustment against Salary
To Salary Payable
is mandatory to separately show Employees and Employers contribution of EPF and ESI Payable in books of Accounts.

Dear Sir,
I, have purchase a flat in April 2018 at Rs. 40,11,150/- (as per deed) and also paid GST extra @12% i.e. Rs.4,81,338.00 (have GST Invoices to prove). Now, in April 2025 I have sold the above flat at Rs.62,85,400/- (as per deed). Please help me in calculating the LTCG on the above property with both the methods (i.e. 12.5% without indexation & 20% with indexation) and also clarify how to save applicable LTCG on the above.

Thanks & Regards

One of my clients is a YouTuber earning income via Google AdSense. He has filed LUT under GST and receives income primarily from viewers in the USA. He has submitted Form W-8BEN, so YouTube deducts 15% US withholding tax on gross earnings.

Example:
MONTHLY AdSense income = $10,000
US withholding tax @15% = $1,500
Net remittance = $8,500 → Credited in INR (e.g., @ Rs.100/$ For simplicity) = Rs. 8,50,000

Doubt: How should this income be reported in ITR & GST returns?

Approach 1 (Which I think is correct):

Report gross income (i.e., $10,000 = Rs. 10,00,000) in GST returns, converted at the RBI reference rate/date of remittance.

Similarly, report gross receipts in ITR and compute net profit accordingly.
Then File Form 67 and claim Foreign tax credit u/s 90 for 15% US tax deducted by youtube.

Approach 2:

Report only net amount received (i.e., Rs. 8,50,000) in both GST & ITR.

Ignore the 15% US tax for Indian reporting.

The goal here is not to claim any refund but to follow the legally correct and compliant approach, just to ensure proper treatment. Kindly advise which approach is correct with respect to Indian GST & Income Tax law.

Sir, Electricity security deposit interest amount Rs. 17,54,001,
in this TDS deducted 10% 1,75,400 = 15,78,601 Net interest,
In this above Net interest value TSNPDCL people adjusted with my company regular Electricity bill Rs.10,32,134, so balance -5,46,466
so how to entry pass

hello
one my client was carried business up to FY 2012-13 and registered as huf on income tax portal and having TAN No. and filed TDS and income tax return regularly after that there was no business and was defunct and filed NIL return now he is carrying business again on the same PAN and TAN no. FY 2024-25 so is he required to deduct TDS if he is having TAN No. or required to check P.Y turnover which does not exceed 1 crore.

My query is if I have taken voluntary TAN no. and filed tds return is required to deduct tds life time or check every year for limit of TDS applicability
clarify