will i have to pay income tax for the amount received out of selling my father's house who was expired 30 years ago being the legal heir after the demise of my mother 3 years ago.
How to show ITDS in updated ITR 4 for FY 2021-22 ? Because showing actual ITDS, a IT refund claim is generated, which the software does not accept.
sir
fy 2023-24
As per the marginal tax relief, the amount of tax one needs to pay on income between Rs. 7,50,001 and Rs. 7,77,778 is the additional income above Rs 7.5 lakh and not the tax liability as per the slabs. This helps in avoiding a situation where a marginal increase in taxable income leads to a much higher increase in tax outgo. So, in the case of Person B, the actual tax liability will be Rs. 10,000 and not Rs. 27,040. We can see the table below for the actual tax liability across other income levels.
how much in fy 2024-25 ?
sale was made to a party but cancelled GST no mentioned on e invoice. Later credit note was issued with cancelled GSTIN of the buyer and new e invoice issued with new GSTIN.
Now while filing GSTR1 B2B is showing invoice with cancelled GSTIN and while entering credit note with same cancelled GSTIN it is showing error. what to do?
Option 1-Neither report invoice nor credit note of cancelled GSTIN.
Option 2-Mention both invoice and credit note with cancelled GSTIN.
If option 1 is selected then in future whether we would face issue as e invoice reported but not reported in GSTR1 with cancelled GSTIN.?
hii!! we are retailers dealing in mobile shop. we buy mobile phones from wholeseller and sale to end consumer.
MRP is printed on mobile phone. how should we pay gst under such scenario.
does MRP includes GST??
reverse calculation to find gst and final invoice value is MRP
or
GST is charged on that MRP and final invoice value is MRP plus gst
please guide
If we made payment of rs 10 lakhs in single cheque for construction in trust then tds is applicable or not? if applicable then under which section and what is the threshold limit for the same?
If notice of demand u/s 156 not issued, but we want to pay tax for earlier year demand, then which head is applicable whether 400 (outstanding demand) or 300(self-assessment tax)?
IF NOTICE OF DEMAND U/S 156 NOT ISSUED, BUT WE WANT TO PAY TAX FOR EARLIER YEAR DEMAND, THEN WHICH HEAD IS APPLICABLE WHETER 400 OR 300(SELF ASSESSMENT)?
Exhibition held in Andrha pradesh. Exhibition organizer registered in Andrha pradesh. i. e service provider.. Service recipient registered in Maharashtra state.
Service provider charged Igst
Is it correct or is it required to take registration by recipient in Andrha Pradesh & Sgst + cgst is ok
Hi.
My sister is an NRI. Can she pay her education loan emi directly to her Indian Loan account? If not, should she open an NRO/ NRE account for this purpose? Also are there any tax implications. (The account will be used only for repayment of loan emi)
GST LIVE Certification Course - 42nd Weekend Batch(With Govt Certificate)
Receipt of money upon selling Deceased Father's House