Sir,
New update heard about DRC01c in gst in relation with Gst monthly return. Let's me know the details.
With regards
Binu

An individual has applied for a Home loan from a Bank. He is a proprietorship in a firm. He has one existing car TL which is also showing in balance sheet of his prop firm. For computing deductions for the proposed home loan the deductions of EMI of existing car loan will be considered. But in Profit and loss account , only interest payment is there and principle payment is not there. So for deduction purpose whether principle portion of the loan needs to be deducted from the PAT of the firm.
Kindly guide sir.

1. Advance to supplier comes under loans and advance ? My answer is yes plz confirm
2. When we debit the entry in which golden rule we have say personal account debit the receiver or Real Account what comes in?

Is it compulsory to make an application for final registration under section 12AB of the Income Tax Act within 6 months from the date of provisional registration? If the application is not made within 6 months what would be the consequence?

While filing GST appeal, the disputed tax is not appearing in the DISPUTED AMOUNTS/PAYMENT DETAILS. How can i pay the disputed tax? I am not able to pay the disputed tax. The appeal can not be filed without paying 10% of the disputed tax.Can the experts throw light on this issue please.

Dear Experts,

An individiual having business income and having TAN number (since turnover crossed 1 CR last year) is paying rent more than 50k per month for residential purpose

In this case , is he liable to deduct 5% tds under section 194IB or 10% tds under section 194I since he is already having TAN

Please advice

Regards,

Dear sir

services by way of "transfer of a going concern" i.e slum sale SAC code two digit is 99
but in gstr1 reuired 6 digit of company
so please guide urgently 6 digit SAC CADE of slump sale (Transfer of a going concern)

A demand of Rs. 1,16,000/- is received from GST deptt. against FY 2017-18 (58000/- Tax and 58,000/- Interest) in a non-audit case. Tax demanded is OK . But is there any way to get relief from interest demanded ?

Hello
Person has bought Property from NRI
Purchase value 61L
Deducted TDS @23.92%
Paid TDS in Time.
Filed TDS return in Time

Then also got notice from traces

Defaults and/ or PAN Errors have been identified in the Regular statement filed by you for Q2 of FY 2023- 24 for Form 27Q and processed by ITD u/s 200A/ 206CB. Refer attached intimation for further details. Detailed computation of defaults is available in Justification Report which can be downloaded through TRACES. Please login to TRACES (www.tdscpc.gov.in) to request for Justification Report for the statement.

What could be solution?

Pan/Tan card incorporated date is 10april2023 and Deed made date is 3rd oct2023, is it valid for account current account opening?

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