Displaying all posts within 3 days
Posted On : 03 March 2026
In Reply To :
SECTION 194T
No, the provisions of Section 194T of the Income-tax Act, 1961, are not applicable to the reimbursement of travelling expenses to a partner.Genuine reimbursements for actual business-related expenses incurred by a partner on behalf of the firm are specifically excluded from the ambit of this section.
To ensure this exemption is valid and the payment is not viewed as a disguised remuneration, the firm must maintain proper bills and documentation to justify the expense as a reimbursement for firm business.
Posted On : 03 March 2026
SECTION 194T
If a partner incurs travelling expenses exceeding ₹20,000 for the purpose of the firm’s business and the firm subsequently reimburses the exact amount to the partner, whether the provisions of Section 194T of the Income-tax Act, 1961 are applicable on such reimbursement?
Posted On : 03 March 2026
In Reply To :
USE THE BANK ACCOUNT OF WIFE
Respected Sir all things was drawn in the knowledge of Ld AO in response to reply of show cause notice
Posted On : 03 March 2026
In Reply To :
USE THE BANK ACCOUNT OF WIFE
Sir circle rate was fixed 1.35Lac purchase value as per market rate Rs 26.00Lac and in show cause notice all things will documentry evidence was filled but the Ld AO faceless passed the order by calculating the tax under the income tax act and made the demand about Rs 30 Lac sir now what can I do please guide me
Posted On : 03 March 2026
In Reply To :
Cloud service
धन्यवाद सर. Thanks sir
Posted On : 03 March 2026
In Reply To :
Selecting Tax Regime while for calculating tax relief on under Section89 of income tax act 1961.
For your FY 2025-26 filing, you must file Form 10E before submitting your ITR. You are permitted to use different tax regimes for the past years' relief calculations compared to your current year's regime. Specifically, you can select the New Tax Regime for historical years in Form 10E if it yields a higher relief amount, regardless of how you originally filed those years' returns.
Posted On : 03 March 2026
In Reply To :
Cloud service
For a 1-year cloud subscription payment to an Indian company, you should deduct TDS @ 2% under Section 194J (as Fees for Technical Services), provided the total annual billing exceeds ₹50,000. Ensure the deduction is made at the time of booking the invoice or making the payment, whichever comes first.
Posted On : 03 March 2026
In Reply To :
GST on Fresh Juice Center(Sugarcane)
Under the 2026 GST 2.0 regime, a Juice Center serving fresh sugarcane or fruit juice is classified as Restaurant Service (SAC 9963). It is taxable at 5% without Input Tax Credit (ITC). While Notification 09/2025 also lists fruit juices at 5%, that specifically refers to the supply of juice as "Goods" (usually packaged). For an outlet that prepares and serves juice, the Service classification is the standard choice.
Posted On : 03 March 2026
In Reply To :
GST ON FOREIGN CLIENT
Since the goods were exported and the recipient is outside India, your services are zero-rated. You should file an LUT to bill the client without IGST. In GSTR-1, report this under Table 6A as an export of services. Ensure you receive the payment in foreign currency to solidify the "Export" status.
Posted On : 02 March 2026
GST ON FOREIGN CLIENT
Dear Expert,I am working in a Custom Broker firm where all the Customs related work is done on behalf of Importer and Exporter. Recently, one of our client, who is located outside India and does not have office in India, ordered some goods from India. All the Custom related formalities have been done by us and goods have been exported via sea route. Now at the time of billing, IGST shall be charged to that client or not. if IGST should not be charged, then how it will be shown in GSTR-1.
Posted On : 02 March 2026
GST on Fresh Juice Center(Sugarcane)
"Restaurant service" means supply, by way of or as part of any service, of goods, being food or any other article for human consumption or any drink, provided by a restaurant, eating joint including mess, canteen, whether for consumption on or away from the premises where such food or any other article for human consumption or drink is supplied. Keeping in view whether Supply of Fresh Fruit Juice by Juice center will be covered in this service taxable @ 5% without ITC OR as Goods taxable @5% as per Notification No 09/2025 SN-133 HSN-2009 -Fruit or nut juices (including grape must) and vegetable juices, unfermented and not containing added spirit, whether or not containing added sugar or other sweetening matter. Kindly share opinion
Posted On : 02 March 2026
Cloud service
Payment made to Indian company for providing cloud based service. Subscription is for 1 year.Is tds applicable, if yes which sec.
- Households luggage
- TDS 194IB FY 2025-2026
- GST procedure on conversion of Partnership Firm to Pvt Ltd
- Cloud service
- GST ON FOREIGN CLIENT
- Capital contribution of Land into SPV for Specific project attracts Income Tax & why ?
- GST on Fresh Juice Center(Sugarcane)
- Succession act
- SECTION 194T
- Selecting Tax Regime while for calculating tax relief on under Section89 of income tax act 1961.
- Regarding change in correspondence address in SSP portal
- Regarding Advance Tax not claimed in the Return of Income for A.Y. 2025-26
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
- Clarification Required on GST Rate & HSN Classification – Millet-Based Probiotic Drink
- TDS Return filing if only have 15G /15H deductions and no other payments
- 80G deduction eligibility
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