Please explain me if an individual is member of HUF can he claim total deduction of 300000 under 80 C ... 1.5 lakh as member of HUF and 1.5 L as an individual . Please explain in detail
what is the HSN code and applicable GST for terry towels manufactured in Sholapur ?
WE HAVE OPTED QRMP SCHEME FROM 1ST JAN 2021. IN THE MONTH OF JAN 21 OUR SALES IS BELOW 50 LAKHS AND WE HAVE FURNISHED IFF AS CUSTOMER NEED. IN THE MONTH OF FEB OUR TURNOVER IS 68 LAKHS. WE COULD NOT FILE IFF AS THE LIMIT OF IFF TURNOVER IS 50 LAKS. OUR MARCH 21 TURNOVER ALSO ABOVE 50 LAKHS (SAY AS SAME AS FEB 21 - 68 LAKHS).
1. I HAVE TO FURNISH IFF OF FEB 21 THEN ONLY I MAY RECEIVED MY DUES. IF I FILE IFF, PARTIALLY I.E. 50 LAKHS HOW TO ADJUST THE BALANCE 18 LAKHS OF TURNOVER.
2. WHETHER I CAN INCLUDE THE FEB 21 TURNOVER, WHICH MISSED OUT CAN BE CLUBED IN MAR 21. THEN WHAT ABOUT THE BALCNE TURN OVER OF MAR 21
(FEB BAL 18, MARCH 68, TOTAL 88 IFF 50 BAL 28)
3. AT THE TIME OF GSTR1 OF THIS QUARTER (MAR 21) MAY INCLUDE TOTAL TURNOVER OF (JAN 50, FEB 68 MAR 68) THEN HOW I TO WORK
The issuse is I have applied for certified copies of paper idt , but I recieved paper scmpe,dt,elective paper certified copies not paper idt.. I have been contacting helpline exams icai and send mails since 3 weeks but I’m not getting any response to that
Can GST be charged on Reimbursement of statutory paid to MCA on behalf of the client?
I will receive variable pay in April 2021 for the services of March 2021. In which financial year Form-16 it will be reported and taxed?
SIR- I am a steel trader ( GST @18%). I add the freight in rate but not separately when I sell the goods to my party directly from my supplier which means I collect the freight indirectly.
My doubts are,
(1) If I pay the freight on behalf of my party, whether it is treated as inward or outward to me?
(2) Am i liable to pay the GST on freight charged?
(3) Rate of GST on freight ?
Plz guide me
thanks in adv
hello there,
please guide me through this query...
We run a Private Limited Company (Partnership) and as the business is growing we want to expand the business but there is a space constraint in our exiting unit so there is no option but to budge to a new location.
Now there are two options :-
1) To Form a company on new land with New name
pros - All new companies formed after oct 2019 come under new tax Slab ie 15% (currently we are 25%) also we can go through Subsidy
cons - but we have to bring up capital from our own pockets
2) To Form a company on new land by starting the new unit under exiting pvt company
Pros - The exiting plant can sponsor the new unit thus it will show up in expenses of balance sheet hence save tax
Cons - We cannot apply for any subsidy also we would still remain under 25% slab
i want solution wherein we can undergo subsidy come below 15% slab also the funds can be sponsored by the exiting unit
thanking in advance !!
I COULDN'T REGISTER A NEW USER IN INCOME TAX PORTAL FOR THE PAST 5 DAYS. OTP WILL NOT COME TO BOTH MOBILE AND MAIL ID. MAY I KNOW WHEN IT WILL CLEAR?
Live class on PF & ESI Enrollment & Returns Filing(with recording)
Taxability of HUF under 80 C