Dear Team,
We are about to purchase a Heavy Machinery from vendor in Japan. The machinery will not be delivered to India but will be stored in the warehouse of the seller itself. the seller will charge the rent from us for storing this machinery in their warehouse. This machine will be capitalized in our books of accounts. As the machinery is not physically coming into India , there will be no Bill of entry (BOE) filed. how can we make payment to vendor in Japan for selling us the machinery based on the Invoice only. what are the GST implications on this transaction.

Urgent!!

An Error stating "Please enter valid Mobile Number with Country Code/ Mail ID" in DIR 3 KYC.
Please guide how to rectify it. Thank You!!

A gst composite scheme dealer sales of medicines every quarter cmp-08 composite return filed . dealer another exempted income from clinic rs15 lacs.
Question:
Dealer composite return taxable turnover only or exempted turnover rs15 lacs both turnover shown in composite return.

briefly explain me about "Balances with Revenue Authority" in Income Tax Return.

there is income tax payable for year ending 31.03.2021 is 4657850/. on which i have to pay surcharges +cess..
my query is weather i have to compute surcharges at 25% on entire amount or 15% up to 2 crores and on balance @25%
kindly explain. as it is urgent please give your valuable subjection.
thanks in advance
K.B.Nagesha rao
9448826793

The Assessee is an NRI and buying a property in India.

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The shares of the company are delisted few years back. Recently company has redeemed the shares. The sale proceeds received by me has been treated by the company as deemed dividend in terms of Section 2(22) (d) of the income tax Act.

I will have to show this deemed div.as income from other sources.

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Please advise.

Cs Pankaj Ajmera.