Will completing the GST Certificate course from the ICSI authorize one to work as a GST Practitioner (including the authority to certify reports) as an alternative to the NACIN GST Examination? Is the NACIN GST Examination mandatory to practice as a certified GST Practitioner?

Hi Everyone,

We have purchased machinery and as vendor issued invoices one by one i assumed that the machinery is inclusive of installation so i deducted TDS u/s 194C . Now later on they issued separate invoice for installation .

So what to do ?

Should I deduct TDS u/s 194C or 194J for installation invoice & that too on what rate ?
If I deduct TDS on installation then what to answer if they ask that why you deduct TDS on machinery invoices ?

Thanks in Advance

Is there any problem in doing unregistered sale under 50000 and collect the same in cash

An LLP has an existing shareholding pattern of 95:5 ( by A & B) with Capital contribution @ 10L. Now a new partner (C) is joining the same & 1 of the existing partner is retiring & the other partner is also selling his stake.
The New Partners - A & C
New Shareholding - 50:50.
But C is buying the stakes of A & B for a total Sum of 25L.

So what will be the Accounting effect for the same in the books of LLP & partners & how the gain on sale of shareholding needs to be booked at & at what rate it will be taxable ?

if some one leased the house property, then what income to be declared with regard to the income from house property and with regard to the interest earned on lease deposit.

If private limited company Receives loan of Rs.10Lacs from its director(as well as shareholder).Then how the company can repay the same and whether TDS is to deducted for the same or not?

Dear Sirs,

Please guide me. I have Income from commission business received + salary +Dividend. I have some confusion regarding balance sheet prepare for own Income tax Return. Please let me now earlier years and current years personal Investment in shares / Gold/Deposits should be shown in balance sheet or not . In Liabilities and assets should be only shown transactions relates to commissions business. In further years I will shown income against sale of shares/property/ Deposits etc.

Thanks and Regard
Bhupender Kumar
bhupenderka@yahoo.co.in

Respected Sirs/Madam,


Please guide me. I have Income from commission business received + salary +Dividend . I have some confusion regarding balance sheet prepare for own Income tax Return. Please let me now earlier years and current years personal Investment in shares / Gold/Deposits should be shown in balance sheet or not . In Liabilities and assets should be only shown transactions relates to commissions business. In further years I will shown income under sale of shares/property/ Deposits etc.



Thanks & regards
Bhupender
bhupenderka@yahoo.co.in

Principal member of the society is managing a private society, he owned and running the society in his own land and building, Here no agreement was not written and
The rent provision not yet made in account s of society.

And individual member cannot charge rent of his own income tax return,

Kindly guide me this compliance.

an individual is having GST registration number and doing trading business.... He owns a property in his/her name and monthly rental is received.....This office property is five years old.... He/she is also a director in a private limited company.. Now This individual want to sell same property to Private Limited Company.... Now how much GST to be charged on sale proceeds from this individual to Private Limited Company... Can Private Limited Company claim input credit.... Regards