Dear Sir/Madam,
I am my wife in joint ownership have purchased a flat in Greater Noida, Uttar Pradesh and paid the total consideration( including 1% TDS ). Both of us paid half of total consideration individually to complete full consideration. So, now builder has asked to pay the stamp duty and registry fees.
Kindly resolve following queries.

Query (1) Whether the stamp duty can be paid by any one of us or will have to be paid up by both of us to SHCIL , Uttar Pradesh ?
Query (2) Whether the stamp duty can be paid by online NEFT mode ? I am preferring NEFT mode.
Query (3) Whether the Registry fees can be totally paid online as well ? Builder asked me to pay it 1% cash but I prefer online.

Pls advise.

What should be done at the time of ESI return filing if we have an employee who was previously enrolled for ESI and now has a salary that crosses 21K?

if the person have income from salary +some income received as a professional fees(TDS also deducted) + Rs. 5000 short term capital gain + Rs. 19000 long term capital gain so in this case which ITR form to be filled please guide

Sir
I am employed as an accountant in a firm where paint is applied on finish goods for identification of material so I would like to know under which head it should be posted currently I am posting it under consumable store

thanking you

Reference:
Master Direction – Export of Goods and Services (Updated as on November 22, 2022)
RBI/FED/2015-16/11
FED Master Direction No. 16/2015-16
C12> (iv) In case the goods are exported on consignment basis, freight and marine insurance must be arranged in India.

I have a case where an overseas buyer is paying for the freight and insurance in case of consignment exports and also for the re-import of goods of the same consignment exports so we export on the basis of FOB.
Our bank says that as per RBI Master Circular it cannot be FOB as freight and insurance has to be paid in India.
I would like to understand the interpretation of this guideline.
Does it mean that:
1) Freight and Insurance has to be paid by the exporter
2) Freight and Insurance has to be paid in India by anyone of the exporter/overseas party/third party
3) Freight and Insurance has to be "arranged" in india at the time of exporting but can be paid by anyone anywhere
4) Freight and Insurance has to be paid/arranged in India only so as to safeguard the FOREX involved in the transaction in case of any loss/damage of the product (since in case of consignment the ownership has not yet passed to the overseas buyer)

If TDS is not deducted and we have not claimed the expense in our profit and loss accounts, what are the consequences of it? Further, we are filing our Income Tax Return under section 44AD for the current year. I am aware that a 30% disallowance is there, but since we are not claiming expenses, it does not matter. Are there any other consequences?

Hello,

whether drawal of foreign exchange by resident Indian for remittance of gift $20000 to grand daughter(NRI) is allowed under LRS scheme of FEMA Act 1999?

Reply at earliest

One of my client, residing in Assam, has taken a GST registration in the name of his firm situated in Arunachal Pradesh. Regular GST Returns are filed by him for his said firm in Arunachal Pradesh. But, my client, in his individual capacity, has also earned commission u/s.194H. Whether my client is liable to pay GST on this commission ?

Dear Sir,

Please suggest Proprietor have 2types of Term Loan - Home Loan and Yearly Interest from Home Loan for FY 2023-24 Rs.800000/- So can we adjust Home Loan Interest with Proprietor,s Capital account. Or its mandatory to show under PNL account

Please suggest

Sir,

FY 2021-22 & FY 2022-23 I have filed ITR-1 income from Salary and Interest from FDR. FY 2023-24 i have income from Salary and Interest from FDR and some short term Capital Gain Rs.3024/- from Stocks ( Stocks through delivery ) and Mutual fund I have never done Intraday and never done f&N but by i have done One Single Transaction through Intraday. Purchase Price Rs.546/- Sale Rs.520/- Loss Rs.26/- only one Single Transaction During FY 2023-24. So can i go for ITR-2 Please suggest