Shakthipro badge
09 March 2021 at 12:05

Registered Trust

A 12 A Registered trust wants to add two new members. The trust deed provides that new members can be added through board resolution.

My doubt is whether the addition of new members need to be informed to the Income tax department or any prior approval necessary.


Aparna
09 March 2021 at 11:59

GST Registration

Hello sir,

I have Two Type of Income 1. Transport Income ( On Which Tax Paid by Recipient) 2. Rent Income
My Transport income +Rent income is more than 20 Lakh Out of that Rent income is only 6 Lakh & Other is Transport income ( on which tax paid by Recipient )
My question is can i take registration under GST???
if yes than why & if no than why Kindly guide ASAP with proper Section .


Vik B

Under which head should company Driver's salary it be entered if driver is not on payroll?


ranjan chakraborti

Can you please suggest Formats of specific PoA ,Affidavit,Indemnity bond and stamp paper and registration requirement in Delhi and Mumbai . Thanks


mohan phullay
08 March 2021 at 22:24

Investment of Retirement Corpus

Dear Sir
I retired from a PSU at age 59.5 years. Please suggest suitable investment plan for regular income and growth of wealth.
Total corpus is Rs 2 Cr . Requirement for annual expenses is Rs 6 Lacs. In addition I have to invest 6 Lacs in 4 PPF accounts ( Self, Wife and 2 daughters of 8 year age till 2034). 2 Nos Sukanya accounts ( 3 Lacs pa till 2029).
Kindly suggest suitable options so that I am able to avail tax benefits limits available to me and my my wife. Also , please suggest investments which are safe and give optimal returns.
My earlier investments are 50 Lacs in Shares and MFs and 15 Lacs in Tax free bonds taken from secondary market., 20 Lacs in PPF and a few insurance policies with not so significant cover/premiums.

Thanks



Rahul Julka

Are there any taxes applicable to NRI having NRI status for last 12 years if his online overseas lottery winnings are paid in to his NRE account directly by overseas lottery company


Gautam Jaiswal

What is 80% - 20% Rule under construction contract for gst applicability ?


Kollipara Sundaraiah

A gst registered dealer services provided nature of business present.if a dealer nature of business change from services mode to business mode(goods) transfer.
Question:
1.Dealer how to change procedure services to goods selling transfer
2. Dealer closing old registration and fresh registration applied.


Shakthipro badge
08 March 2021 at 18:00

Unregistered Trust

An unregistered trust is running a small temple for the last few years. Annual receipts through pooja and offerings is Rs 3 lakhs, from which the temple maintenance expenses are incurred. There are no other income.

Whether tax has to be paid on the entire 3 lakhs or thenet income after expenses


Kollipara Sundaraiah
08 March 2021 at 16:57

Gst query for single bill daily sales

Sir,
A gst dealer wants to issued single bill for daily sales.
Question:
If dealer daily sales Rs:3 lacs to consumer allowed in gst and it act.





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