Dear Sir
I am accountant in Brick factory, we are selling bricks and raising GST invoice, one of our customer is having address of Karnataka but he want to be deliver the goods Andhra pradesh. then how to make bill with IGST or SGST and CGST
one more customer is Bombay address and he want deliver in karnataka, whether to charge IGST or SGST and CGST. please be suggest sir
Thanking you
With Regards
Srinivasa Joshi

Sir,

I want to know the TDS Applicability in respect of contractual payments under section 194C. I have availed a GTA Service liable for TDS under section 194C. Following invoices were received during the financial year 2020-21:
05-04-2020 Invoice Value 15000+Tax
06-05-2020 Invoice Value 20000+Tax
08-12-2020 Invoice Value 35000+Tax
From the above case I was liable for TDS in respect of third bill on 08-12-2020 and the same was deducted and paid. Then I want to know whether I was liable for TDS in respect of first two invoices as the yearly limit of 100000 was not exceeded?.

In the same example if the third bill was at Rs. 20000+Tax, but I voluntarily deducted and paid TDS in respect of that bill. In that cases also whether I am liable for first two invoices.

Medical expenses where no health insurance is taken -- Is it allowed for all senior citizens or only for very senior citizens?

I have filed my income tax where I had Rs 11000 medical insurance premium under section 80D. This amount is also present in the Form 16 issued by the employer. However post processing I have been issued a intimation under 143 which does not give credit for the Rs 11000 and subsequently an additional demand has been raised. I have two questions
A) what is the reason why this credit for medical insurance has not been given even after it being declared in the Form 16
B) what should I do next.

Thanks for the help

A person who is holding FL 3 licence is running a liquor bar wherein he charges only for liquor and makes free supply of soda, water and small pouches of snacks to customers sitting in bar to consume liquor.

Alcoholic liquor for human consumption is out of purview of GST.

Whether prolong soda, water and snacks free of cost to bar customers would make him liable to pay GST on such items or whether the difference between purchase and sales of liquor would be considered as service and will be liable to GST.

Please guide.

Sir,

I have a doubt regarding the disclosure of income in the profit and loss account of a private limited company. The company was a partner in a partnership firm during the financial year 2020-21. During this period , partnership have paid interest on capital amounting to Rs. 120000 to the company (full amount was paid as it was not liable for TDS). How this amount should be disclosed in the profit and loss account of the company. Whether shown as interest on capital received or Dividend received under indirect income?. Whether any legal or tax implication in both the cases?.

My father sold a house and before tax filing he expired.

Cap gains is 80 Lacs that need to be reinvested in another house (50 lacs extra bonds already invested while he was alive).

He has 3 hiers -- Son, Daughter and wife and I as Son will be his legal representative for tax filing.

So should the house (reinvestment for exemption) be purchased in
1. Son (legal Rep) name
or
2. All 3 legal hiers name.

I just need to make sure exemption for 80L can be claimed

Thanks

Dear sir,
If same party we purchase and sales then TDS or TCS
On sales in voice we charge TCS Because our turnover is above ten crore and second condition is also full filed on current F.Y we sales above 5o laks
But on purchase on purchase TDS or TCS

Dear Friends
I am highly obliged to all of you for all the guidelines being give to me from time to time.
Once again I approach with the issue of capital gain tax.
Date of purchase of the agricultural plot is 26-03-2019 and date of sale of he said plot is 08-04-2021 (After two years 12 Months 12 days)

Year ending March 19 Purchase
Year ending March 21 Sale

Sale Purchase two years 12 months 12 days

Money received in April 2021 by way of sale of property has been paid to someone on account of advance given for purchasing some other plot stamp duty & registration for which shall be effected by December 2021

Whether in such case will attract capital gain tax?

With kindest regards Yours Tarique Rizvi

Hello Sirs/Madams,

I recently ordered for adhesive/glue raw material from the US. It was dispatched by EMS Speed Post.
A customs duty was put on the package with IGST rate of 28%. I checked for applicable rates and it seems that for glues, it is only 18%. How do I dispute this customs duty charge ? Kindly advise

Please let me know, thanks..