A Seller residing in India, Buying and selling goods from a rented warehouse in US through Amazon. No Movement of goods from India. Paying for all purchases and receives all sales income in Indian bank Account.
- The sales will be treated as exports or IGST has to be paid?
- The payments made for purchases to US vendors from India Bank account, IGST payable under RCM?
- A separate tax invoice is needed to be prepared, or Amazon US's Invoice is sufficient?

Dear Sir,

One of my client earns professional income and his tds gets deducted U/s. 194J. I have filed return for him U/s. 44AD for F. Y. 2019-20 showing profits more than 8%.

Is it ok if I file his return under 44ad for this financial year 2020-21 or should I change the section to 44ada and show 50% profit.

Please help me regarding this matter.

Regards,
Divyesh Jain

Sir,
It assess purchase of agriculture land value rs:15 lacs payment through on cash mode.
Question:
Assess payment through cash mode allowed in it act and penalty applicable.

Thanks adv

In case of buyback the number of buyback is 1 lakh paid up capital is 10 lakhs and buyback value is 25 lakhs

I wish to know what amount to be filled in Sl no 9 of of form no SH 11 ( Amount of securities authrosied to be bought back )

Either Rs. 10 lacs ( being paid up value of buyback shares)

OR Rs. 25 lacs ( being total paid value of buyback of one lakh share)

I am a contractor. i had three different contract with three different parties (govt organisation). each party deduct gst tds. suppose in july2021 , all three parties deducted gst tds but only two parties filed their gstr-7. i as a deductee in need of cash to clear gstr-3b for july2021 , accepted tds recieved on the gst portal of these two parties and got gst tds to cash ledger. the third one filed his gstr-7 for july21 in dec21. will i get benefit of such gst dts due to his late filing ? WILL MY GST TDS BE LOST? since I had already accepted my july gst tds on portal , where will such late gst tds reflect and how will I get it to cash ledger? please resolve.

Vehicle bought on 16/7/2014-Rs.29.35 lacs
Vehicle sold on 23/7/2021-Rs.18 lacs
WDV as per IT -975826/-
WDV as per companies act-895985/-
If Input GST not claimed. Whether GST payable on outward supply and rate & Basis ie margin or outward supply?

If input GST claimed .Whether GST payable on outward supply and rate & Basis?

Hi,

There is an ancestral property of mother and her siblings.

Mother has been dead for a long time now.

So, her children are now the inheritorsof the property.

Some of the inheritors wish to sell the property, while others do not wish to do so.

The matter was taken to court.

At the court, mother's share of the sales consideration was decided at 50L. Tax was deducted and the remaining amount to be divided between the mother's children. Before paying to each individual 20% tax was again deducted.

Why is TDS being deducted twice?
How can the TDS deducted on deceased person be recovered?

Sir,
A female it assess cash gift to mother rs:10 lacs through on bank mode.if mother (Receiving rs:10 lacs money in some amount) cash gift to son rs:3 lacs through on bank mode.
Question:
Above two gift transactions taxable or exempted in it act.

I am a retired person and I have been using ITR 1 as less income 50 Lakhs for filing my ITR.
Recently, I sold my Rural Village Agricultural Land at 60 Lakhs in FY 2020-21.
I wish to know – 1) which ITR form I should use? 2) Where to show in ITR Form as sales of Rural agricultural land not taxable as per Income Tax Rules.

Sir,
A and B two partners in partnership firm.if A partner retired from firm and B partner continue business proprietary firm.all assets and liabilities B received from firm book value based.
Question:
A partnership firm all assets and liabilities transferred to b partner capital gains tax applicable( firm pay)or not in it act.