Section 269T provides that any loan or deposit shall not be paid by any person otherwise than by an account payee cheque or account payee bank draft

if a lender given loan to a person but due to death of lender (loan given party). could his loan amount transferred to in the name of his son through journal entry in the books of account of borrower party..

Respected sir,
Greetings of the day,
Kindly let me know wether hsn wise summary has to be updated mandatorily in GSTR1 filling.

Regads
Renuka

Hi All
GSTN of customer is showing cancelled status and he is not replying on mails for the same. Can I show in B2C and make amendment from B2C to B2B once he replies? If I show under B2C permanently, customer may not make payment of the bill.

Thanks in advance.

Dear Sir,
In AY 2013-2014 my TDS was deducted. It reflects in 26As form but its credit was not given to me because during the process, by mistake, the claim for TDS was entered in column AT/SAT in part BTTI/Tax paid & in spite of submitting revised rectification under section 119,2(b), I got a demand of Rs. 30264 /-from Income Tax Department.
Now my A.O Ms. Sunita Gupta (Income Tax officer) has informed me that my revised rectification submitted earlier under 119(2) (b) was not processed by CPC and it was showing invalid in her system. Due to it she was not able to process my case further.
Kindly guide me what should I do in this case ,Whom should I contact me? can I get E.Mail of that person.? I am very much upset due to it ,Please help me.
Regards
Akshitiz Jain
Dy.Director NPTI Shivpuri
Mob-9999015619
aj3480@gmail.com

Whether a foreign entity's India branch in India is required a statutory audit of its Branch operations in India ?

If yes than what are the consequences of not doing audit ?

Hi sir,
Assessee is a Doctor who does not have any taxable supply but he imports services ( software service ) for his business purpose.

My questions.
1. Is this liable for tax under RCM?
2. If RCM applies then compulsory GST registration to obtained ?
3. Suppose such import services of services used for other business purpose whether RCM and Registration applies on him ?

Thanks in Advance.

Assesssee is a private trust, The trust have a residential property, benefits of which is transferred to a beneficiary through a private trust.

How can capital gain by sale of this residential property be saved by the trust ?

Note - Taxable Gain amount is in excess of 1 Crore

We are registered dealer in GST, this month (July,21) we have purchasing some goods from Interstate registered dealer through Interstate Transporter, who (transporter) raised a Invoice for Rs. 34500.00 with out charging any GST . Now our question is
1) We will pay IGST under Reverse Charge Basis
2) If Transporter give us Declaration for Non- deduction of Tax at Source (TDS) under Section 194 C (6) of the Income tax Act, 1961with his Pan Copy, then is this case can we deducted TDS because new rule 206 AB start on 01/07/2021, if yeas then which rate will applicable.

Dear experts,

My father retired in February 2021 but unfortunately he passed away due to COVID 19 in April 2021. My father has a NPS corporate account in which he deposited his superannuation funds as well. The nominees are my mother, myself and my younger sister. My father had not started any annuity. After going through his emails I found out that my father had requested for continuation of his nps account and intimated about the NPS deferment request which was accepted. The nominees of the Nps account are my mother, myself and my younger sister. I have two queries in this regard

1. Can the nominees withdraw 100 % of the corpus or is it mandatory to purchase annuity?

2. If the nominees withdraw 100% of the corpus, would it be taxable.

I would be highly thankful for solving this query

Suppose someone has generated the invoice with the value of Rs 49500.but they have forget to charge Rs 1000 as TCs. If he would have charged then the invoice value would be Rs 50500 and he has to raise eway bill for that .but now he has not raised eway bill bcoz limit is below rs 50 k .now what need to do ?