Sir
Every year bank deducted TDS , even after submission of form 15H . If it is complained to the Branch Manager , his straight reply " File IT return , you will get refund ". Where Can I complain for wrong deduction of TDS ? Every year I have to pay Rs. 500 /- for submission of IT Return.
With regards ,
Sudhir Saha

Can a Tax Consultant calls himself as Auditor or Internal Auditor?

But definitely i know they should not call them as ' CA".

If in case if they can call themselves as an Auditor or Internal Auditor?

Provided that, he has deep knowledge in Income Tax and GST and all other Laws

Hi,

I am planning on opening an online marketplace where I would have foreign sellers from china list their products for Indian customers on my platform to purchase.


As a platform I would be charging a comission on each sale through my online marketplace.


Do I have to charge 18% tax on my comission or on the selling price as well?



also, as my business grows i plan to open a shop where in I will provide an option to chinese sellers to keep their product on the shevles of my shop for people to come look at and purchase. In this case, will I charge GST on comission of sale or on selling price? As I would only pay them out once its sold.

who is the best tandoor manufacturer in India (bajrangitandoor.co.in)

Hi Sir / Madam,

Please assist with the GST applicability for the case below.
We provide Industrial Testing Services to a company registered in Maharashtra.
The service provider is registered in Tamil Nadu
The place of service is Tamil Nadu.
The product Tested is a huge tank installed in Tamil Nadu.
Please let me know which GST is applicable
IGST or SGST + CGST

1- the contracting company has a fixed location in Maharashtra and is working on a project site in Tamil Nadu.
2-This project will be over in 60 days and the contracting company people will move from TN
3- Contract company people are working inside client's premises

For claiming deduction u/s 54F we have to invest amount in residential House and also hold such property for 3 year but my issue is 3 years is counted from which date from the date of payment or from the the date of possession of Flat.

Dear Experts,
I registered in composition scheme on July 21st 2022 after my turnover crossed 20 Lakhs (Threshold Limit) on 15th July. I filed for Q2, Q3 & Q4 filing for the amount I received after July 21st 2022. Now it is annual return filing period and I confused what to file in my aggregate turnover. since I collected 22 lakhs in the period before registration of GST and 27 lakhs in the period after registration of GST and I paid tax for 27 lakhs during Q2, Q3 & Q4.
Kindly help me what to mention in Annual Aggregate turnover.

Ours is a private limited company having a sales Turnover for the financial year 2022-23 around 2.24 Crores as at 31st March 2023. We are maintaining our books in tally 7.2. We have come to know that our auditors will have to follow rules of auditors trial version. Can someone make me understand in detail the issue of auditors trial version.

I need advise, whether we can pay local payment in USD. Vendor registered in india and purchase invoice will be issued in USD. for contract execution outside india.

HI,
I have recently created a HUF with my Dad, where I am karta (as per ITAT online ), and dad coparcener (my HUF DEED consist ONLY me and Dad )
For financial tax planning suggest safe ways to avoid clubbing provision and Tax Notices from below.

—----
Option 1: BRINGING RENTAL INCOME TO HUF
I am co-owner in a purchased office with my parents (during 2005, my age around 23 at that time), NOW, I want to bring in rental income to HUF without getting Clubbing provision.

> Query 1. From the following which is safest way without getting IT NOTICE, or tell me best solution available with you.
1. Making a registered gift agreement by karta (doner) to huf (donee) without any consideration, so, will that get clubbing provision on earned    or
2. making first LONG LEASE agreement between karta (landlord) and HUF (AS A TENANT) , (where 3000 rent paid by KARTA to HUF     &    In the second agreement, by way of sub tenancy or Leave & Licensing same office at 30000 license fees from licensee MR.ROHIT , so karta receives 3000 rent from huf, and huf receives 30000 license fees from its licensee? Here as HUF is receiving License fees and also paying rent to Karta so clubbing provisions will apply in such a case?. )    or
3. Karta makes will in favor of HUF, so inheritance is denied from karta’s side and SO DOES clubbing apply here.?
 
==========

Option 2. LOAN

To bring my investment in HUF  without clubbing,  Karta gives loan to HUF at 0.5 to 2% per year and huf makes investment , earns interest at approx 10 % per year

QUERY 2. 
1. Does IT Dept allows 0.5 to 2% annual interest Income tax??
2. How much loan can be given to huf safely? 
3. for  this , is it Required to make a notarised  LOAN  agreement for IT Dept?  And is this safe option?
4. How to disclose to income tax about transferred amount as loan?

============

 Option 3, GIFT

Any income from gift given by karta or coparrcener to HUF will bring clubbing provision so,
if,

QUERY 3
1 >>> My UNCLE’S SON , a BLOOD RELATIVE, BUT NOT MEMBER OF HUF , as was not included in HUF DEED., AND AS NOT MEMBER OF HUF he WONT GET CLUBBING, right?,
2. SO ANY GIFT FROM HIM OR DISTANT RELATIVES WHO ARE NON MEMBERS FATHER’S SIDE WILL BE TAX FREE?
3 . >> and DOES special OCCASION REQUIREd to validate GIFT?
most important >> 4. yearly how much gift from relatives and Loan from Karta to HUF should be transferred safely without getting Notice by IT Dept , in this HUF's first commencement year?

===============


Option 4 , INHERITANCE

1. In ancestral property from my mother’s side can i bring MY 33 % share+ additional 33 % share received as gift from my aunty?
2. Which documents (gift deed etc?) need to be prepared, where HUF will be mentioned as beneficiary ?    
3. is MOTHER'S LINEAL side property is allowed to be added in HUF as inheritance?
And 
apart from above , in first commencement year of HUF, SAFELY HOW I can RAISE HUF CAPITAL AND TRANSFER RENT AND  FUNDS  WITHOUT involving  CLUBBING PROVISION and  IT NOTICE ? 
>  (Our income includes from rent of co-owned property and interest from investments)
  

Thanks and kind regards,

ritesh shah - 8779496245