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Rohit Das

Hi,
I have registered a private limited company. I make apps and websites. The websites display ads from a platform named ezoic.com. Ezoic is registered in the USA. The app will display ads from Google AdMob.

A global audience uses my website and apps. So, some users are from India as well. They will see the Ads displayed on my site.

I receive payment in Dollars from Ezoic through Payoneer. Payoneer converts it into INR and deposits it into my account.

My question is, do I need to register for GST if my revenue is more than ₹20 Lakhs?
If yes what will be my tax liability?
Which GST form will I fill every month?


k chakraborty

sec 59(2) of partnership Act states "The firm, which is registered, shall use the brackets and word (Registered) immediately after its name."
But the wording of the section is different than in companies act which says " the name of the company with the last word ―Limited‖ in the case of a public limited company, or the last words ―Private Limited‖ in the case of a private limited company" , notice the difference in "after the name" vs "with last word".
Moreover, the registration certificate of the registrar of firm uses original name without suffix.
Given this do i need to change the name in PAN and GST? note that the PAN is also submitted to registrar at the time of registration. If we don't change our name how would i issue invoice with (registered) after the name? if we don not need such change in invoice when should i use (registered)? in signboard and letter heads only? please advice?


PARAS CHHAJEDpro badge
07 January 2024 at 21:13

Anonymous Donations to Trust

A charitable trust registered u/s 12A and u/s 80G of the Income Tax Act, 1961 has a bank account in which donations are received from the general public through cheques, bank transfers, cash deposits at various branches of bank across India, payments through UPI, etc.

Some donors do not communicate with the trust regarding their donations deposits in bank; therefore, the trust is not in a position to identify the donor.

My query is about the treatment of donations for which the trust does not have details of donors, whether such donations shall be treated to be Anonymous Donations for the purpose of s.115BBC ? Whether the donations received otherwise than through cash deposit though the details of donors is not with the trust, will be termed as Anonymous donations? What will be the treatment of donations deposited by donors at bank branches in cash whose donors are not known?

Further, some donors have provided their addresses but did not provide any identification details such as PAN / Aadhaar, etc. Will the donation from such persons be treated as Anonymous?

Kindly guide and oblige.


raghavendra b
07 January 2024 at 20:10

INCOME TAX ON SALE OF PLOTS

DEAR SIR,

ONE OF MY CLIENT PURCHASED AN AGRICULTURAL LAND HE IS DEVELOPING THE LAND AND SELL ONE BY ONE IN THIS YEAR NOW HOW TO CALCULATE CAPITAL GAIN ON SALE HOW TO DETERMINE EXPENDITURE TO REDUCE THE CAPITAL GAIN TAX. BECAUSE NEARLY 50 PLOTS WILL BE DEVELOPED ALMOST HE RECEIVED MAXIMUM AMOUNT IN CASH. DOES HE NEED TO OBTAIN GST REGISTRATION OR NOT ONLY HE HAS TO PAY INCOME TAX ON SALE OF PLOTS.

REGARDS


Muhammed Shuhaib K

Can you please suggest which GSTR form allows us to transfer stock from one GSTIN to another. Both parties are composition dealers


kollipara sundaraiah
07 January 2024 at 17:54

E-waybill generated question

Sir,
Dealer e-waybill generated required four invoices each one below rs:50,000/- single day.


k chakraborty

clarification regarding the potential inclusion of "(Registered)" in our GST trade name, specifically to align with Section 59(2) of the Partnership Act 1932, which stipulates that "The firm, which is registered, shall use the brackets and word (Registered) immediately after its name," for invoicing compliance.
Our partnership firm is in the process of registration with the Registrar of Firms. We are considering the inclusion of "(Registered)" immediately after our firm's name in our GST trade name to comply with Section 59(2) of the Partnership Act 1932, ensuring our invoicing practices meet the legal requirements.Importantly, upon completion, the registration certificate issued by the Registrar of Firms is expected to reflect our original firm name without the "(Registered)" suffix.
It's essential to note that the legal name in our PAN details would not change and remains aligned with the original firm name submitted during the registration process.This inquiry seeks guidance on the feasibility and process of including "(Registered)" in our GST trade name exclusively for issuing compliant invoices as per Section 59(2) of the Partnership Act 1932, while maintaining consistency with our legal name based on PAN details.


Suraj

Dear Sir/Madam,

My query is as follows:

Mr A & Mr B, Father & Son, purchased a property jointly in Panvel, Maharashtra in 2007 for Rs. 10 Lakhs. Due to old age, Mr A gifted his 50% share in property to Mr B in 2016. Mr B paid Rs. 30000/- as stamp duty & registration charges of Gift deed.

Now, in Jan 2024, Mr B wants to sell this property.
Can he claim this Rs. 30000/- towards registration of gift deed as cost in capital gain calculation?

Kindly guide.
Thanks & Regards,
Suraj


Ca Anurag

Assessee has sold a land and earned LTCG, which he has invested in construction of new residential house on an existing plot of land, so is the assessee eligible to claim the exemption u/s 54F, by contructing new house on old and existing plot?


jignesh sitapara
07 January 2024 at 13:17

Regarding Scrap

Dear Experts,
My Client sale aluminum scrap, heavy melting scrap etc.... In this case any liability TCS on these scrap ??







Answer Query