We had made sales to a party of Rs 10 lakhs in 2017.The party is now paying us by cheque of a different co and not by cheque of co from where sales were made. Can we accept payment from other co. How will we make enteries in books of Accounts? Will there be any issue from Income Tax of view?

Sir, during FY 2019-20, I had to pay an amount of Rs.90,000/-against non payments to creditors within 180 days. Now, these creditors are paid fully and I have to file GSTR 3B for March,2021. Please let me know the procedure to claim the above GST paid 90,000/- ?

Dear All,

Request you to share your thoughts on below case:

Sports event management company paying Prize money for online game to a non-resident. Should we deduct TDS u/s 195? or any other provisions override?.

Any of DTAA provisions covers above case?

Thanks in advance for your help and guidance.

Regards
Kemparaju Gowda

Sir,
A second hand vehicles purchase and sales dealer (margin scheme)how to gst tax calculation procedure and maintained records in gst act.

what is the last date to file income tax for fy 2020-21?

business is proprietorship around 1 cr income.

can I do now?

HELLO SIR

MAI EK MEDICINE WHOLE SELLER HU OR MERA TURNOVER LAST YEAR 10 CRORE SE KAM THA BUT MERI PURCHASE KUCH COMPANY SE YEARLY 50 LAC SE JYADA HAI TOH MUJHE TDS KATANA HAI YA NAHI YA JIN COMPANIES SE PURCHASE 50 LAC SE JYADA HAI WOH TCS KAATEGI. MAI ITR SAMAY PAR HAR SAAL BHARTA HU. PLEASE CLEAR.

If one is using 'PAID' OIDAR services from foreign platform, for a business outside India. Then does he/ she have to pay GST on RCM basis for availing that OIDAR service?
What are the GST implications if OIDAR service is provided 'free of cost'?

My mother is 69 years old and a tax payer. She is covered under Health Insurance Scheme of TCS (my wife is a TCS employee). The Health Insurance Scheme premium of my mother is not paid by TCS and her premium amount of Rs.11,210 per year gets deducted from the salary of my wife.
I have the following query:
1) Can my mother claim the Health Insurance Scheme premium of Rs.11,210 paid to TCS by my wife under sec tion 80D?
2) My mother underwent a surgery during the financial year 2020-21 which costed around Rs.2,50,000 but TCS paid only Rs.2,20,000 out of Health Insurance Scheme. Can my mother claim the difference amount of Rs.30,000 under section 80D (Medical Expenditure)?

Kindly reply at the earliest.

Sir,
Business it Assess gift of trade stock (business stocks)to son allowed.if allowed what value at cost or fmv value.

Fixed deposits are in my name and second name is of my wife. Tax paid by me on Interest income. My wife is not liable for tax payment however such deposits are reported under SFT in 26AS of both of us. Any action required to be taken by my wife.