Displaying all posts within 1 days
Posted On : 28 January 2026
Health insurance
Hello,solve below mentioned query
whether an employer can deduct TDS when they take an individual health insurance policy for employees.
Posted On : 28 January 2026
In Reply To :
Dinner party and 194Q
But sir, most of the opinion is taking foods in hotel, not attracted tds 194 C, if we are placing catering contract in our premises or any other we selected premises, then attract Tds 194 C.This situation is we give only food lunch order for definate No. Of person.
Posted On : 28 January 2026
In Reply To :
TDS Applicability on Adobe Subscription u/s 195
TDS is generally not required for standard Adobe subscriptions because they do not involve a transfer of copyright (as per the Supreme Court). While the mode of payment (credit card) doesn't legally remove TDS obligations, the classification of the software as a "Good" (implied by the 194Q reference) supports a Nil TDS stance.
Posted On : 28 January 2026
In Reply To :
Clarification Required on GST Rate & HSN Classification – Millet-Based Probiotic Drink
Your Millet-Based Probiotic Drink falls under the "Health and Essential" category of the 2026 GST regime. To avoid the high taxes associated with commercial soft drinks, you should classify it as a Millet-Based Food Preparation (HSN 1904 or 2106). This entitles you to the 5% GST rate, provided the product is pre-packaged and labeled.
Posted On : 28 January 2026
In Reply To :
Seeking expert opinion on holding vs exit of parternship-owned warehouse business
Exit Strategy: Prioritize an exit if the price is $\geq$ ₹1.75 Cr. The 18% interest is a "wealth killer."Refinance: If you must stay, you must refinance below 11% to make the math work.Commodity Risk: Relying on mirchi (chili) involves high seasonality and price volatility; a strategic buyer with a broader commodity basket is your best target.
Posted On : 28 January 2026
In Reply To :
I want to Close my LLP
You can file for closure starting March 5, 2026. Paying the ₹50 filing fee in September 2025 does not count as business activity and will not affect your timeline. Your priority now should be to close your bank account and obtain the closure letter, as this is a mandatory attachment for Form 24.
Posted On : 28 January 2026
In Reply To :
Portuguese Civil Code of 1867
The rejection of your business loss set-off is likely a technical "matching" error by the CPC. Since your wife received the benefit, your case is strong. You should file a detailed rectification request referencing her PAN and the community property rules, or move to a First Appeal (CIT-A) if the 154 order remains unfavorable.
Posted On : 28 January 2026
In Reply To :
ITC on mobile phone used for business
To claim the ₹27,000 ITC, you must satisfy these four "Golden Rules":Business Use: The phone must be used in the "course or furtherance of business" (e.g., for client calls, managing business social media, or running ERP apps).
GST Invoice: The invoice must be in the name of your business and must mention your GSTIN. A "retail" invoice in your personal name will disqualify the claim.
GSTR-2B Reflection: Your supplier (Apple or the retailer) must upload the invoice, and it must appear in your GSTR-2B.
Payment: You must pay the supplier within 180 days of the invoice date.
Posted On : 28 January 2026
In Reply To :
Invertted duty struture
You can definitely file for a refund, but your "Total Accumulated ITC of 39 Lakh" likely includes ITC from services or capital goods which the formula will filter out. Your actual refund will be the surplus tax specifically created by the 18% packing material after it is proportionally reduced by the tax you owe on your sales.
Posted On : 28 January 2026
In Reply To :
Dinner party and 194Q
The dinner bill of ₹80 Lakh should not be treated as a purchase of goods under Section 194Q. Instead, you should deduct TDS under Section 194C at the rate of 2% (assuming the hotel is a corporate entity), as it is classified as a catering/works contract service.
Posted On : 28 January 2026
In Reply To :
GST RATE FOR CONSTRUCTION OF ROAD
For your road construction project with the Gram Panchayat, you must charge 18% GST on your total invoice value using SAC 9954. Because you are a regular taxpayer, you are entitled to claim the tax paid on your materials (cement, gitti, etc.) as input credit, which will significantly reduce your net tax outflow.- Leave encashment and gratuity on death of employee
- Tax Liability on Trading Account in Name of Person with Disability (Autism) Operated by Guardian
- Tcs claim for previous financial year
- Dinner party and 194Q
- IGST ITC RELATED
- IMPORT OF GOODS CREDIT
- GST on Taxi Service
- TDS Applicability on Adobe Subscription u/s 195
- Portuguese Civil Code of 1867
- Invertted duty struture
- Health insurance
- TDS Return filing if only have 15G /15H deductions and no other payments
- 80G deduction eligibility
- GST on Tobacco - as per new notification
- Cant amend a 26QB
- Gst no of supplier cancelled from 2017
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Composition Dealer GST Annual Return Filing process
- TDS under section 195.
- Filing GST Returns after death of proprietor
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Ruhi Joshirao19 January 2026
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