Hi Experts
A sells goods for Rs 75 lakhs to B. As sales consideration he receives different goods from B (manufactured by B) for Rs 75 lakhs. Whether 206C and 194Q both will be applicable to A. Whether A will liable to collect TCS as well as deduct TDS in this case or only 206 will be applicable.

Dear Sir / Madam

RCM rate will be 5% or 18% ? Kindly reply.

Hello,

Can an employee claim tax exemption by submitting his medical bills if he is already getting medical allowance as a part of his salary?

Regards
Ashu Gupta

I have a flat which is jointly owned by me and my wife. If I sell the flat and transfer the amount to the account of my parents who have now no source of income so that I can reduce my tax liability is it allowed legally.They had provided us with initial capital required for buying the flat but I have been paying the EMI for 10 years. the l balance loan amount will be prepayed and the loan closed.The flat was bought for 60 lakh in year 2009 and selling price of flat is 1.15 crore 2022.

We are participating in Exhibution in Mumbai and one time Rent is 1,00,000/- Plus GST 18,000/- is TDS On Rent is applicable ? Pl. guide.

Thanks & Regards
Gaurang

Ca a practicing CA can sign the Provisional Balance Sheet, if No, Why?

Is it mandatory to claim deduction under section 10aa or deductions under sections 80IA to 80RRB for eligible assessees?

I have received the following mail from the department

Dear Taxpayer,

It has been noticed that while filing GSTR-4 of the FY 2019-20, you have inadvertently either
not filled up table 6 of the said return, or filled up zero values therein, even though you have paid the liabilities for the year through Form GST CMP-08s filed on quarterly basis. Therefore, to nullify the undue credit, the excess amount credited to negative liability statement has to be debited. In case where the amount so credited in negative liability statement, has been utilised; the recovery of amount so utilised is being done by debiting the amount in cash ledger. If sufficient balance is not available in cash ledger, the negative balance in cash ledger shall be adjusted out of the amount deposited through challan.

You are, therefore, requested to:

Deposit the amount equal to the negative balance in cash ledger urgently, in case there is a negative balance.
In case you have already paid the amount, now being debited in cash ledger or negative liability statement by including the same in any return/statement, the same can be claimed as refund by filing refund application in Form GST RFD-01.
Inconvenience caused is regretted.


THE SITUATION WAS

I am having -5207 each in sgst and cgst in my electronic cash ledger now
i made the mistake in GSTR-4 of FY 19-20, they said u have no tax due and returned the amount, which i didnt utilised
during first quareter of FY 2021-22, my sale was of 1,00,000, tax due was 500 each for SGST and CGST, but i declared that tax due is 500+5207 = 5507 each for sgst and cgst.

now cash ledger showing negative balance, please help what to do
thanks

The assessee received an assessment order from National Faceless Assessment Centre which is digitally signed by an officer named Shri Vishesh Prakash on 03.30.2022 i.e. 30th March 2022. Clicking on the digital signature, the certificate details shows valid from 01/10/2020 Valid to 02/09/2022 which makes it clear that the Digital Signature was expired on 9th February 2022.

Please advise upon validity of the assessment order signed with expired digital signature

One of my clients is operating online Health care Service, where we Acts as platform between patients and Nurses.
Structure of Operations:
Patient Books a Service through our Application, to which Nurse in Nearby Area Accept request and Render them Service visiting Patient's Home.

Here Nursing Staff are not our Employees, they just Accept offer from Patient if they are interested to Perform service.
Qualification of Nursing Staff : 10th pass/ fail to MSC Nursing.

Considering Above facts, Should we Make TDS u/s 194J ( Medical Professionals).

Please Provide me Alternatives Available for not make TDS @10%.

Can i go for AAR, i am i Eligible for that ? ours is a Startup company not started operations widely yet.