TDS IS CURRENT ASSETS AS WELL AS ADVANCE TAX IS ADVANCE IN ASSETS SIDE OF BALANCE SHEET. MY QUESTION IS THAT WHETHER TDS MADE AND ADV TAX PAID AMOUNT WILL DEDUCT FROM CAPITAL FUND ACCOUNT IN BALANCE SHEET? KINDLY REPLY.

AN ASSESSEE WHO CONSTRUCTED A FARM HOUSE FOR 225000 DURING THE FINANCIAL YEAR 2018-2019 IN HIS RURAL AGRI LAND. HE SOLD THE AGRI LAND TOGETHER WITH FARM HOUSE OUT OF SALE RS. 395000 PERTAINING TO THE FARM HOUSE. i WANT TO GAIN ON SALE OF FARM HOUSE IS TAXABLE AS SHORT TERM CAPITAL GAIN OR PROFIT ON SALE OF AGRI LAND. tAX CONSEQUENCES?

Dear All,

My query is as follows:

Mr. X was a proprietor earlier, converted his proprietorship into partnership firm by introducing his earlier assets in the partnership firm. The partnership firm is registered under GST.

Now Mr. X is exiting from this partnership. The rest of the partners have decided to pay him on his exit like his share of profit, remuneration and goodwill.

Here I wish to know whether the partnership is required to charge GST on this payout to the exiting partner? At what rate, will it be charged?

I will be happy if anyone elaborates this situation also.

Kindly revert.

Thanks & Regards,
Suraj

Dear respected sir/madam,

Im a Accountant one of my client have not paid to RENT past from 01 year but im deducted TDS 10% every month and im taking/ claim input also
but he is not (landlord) upload the gst tax amount but im claiming every month past one year
so now what can i do ,, im not paying rent because he is not asking the rent if we are asking the rent he will not send to me ,
so can i claim the gst Input tax when i file, and can i deduct the TDS 7.5% on rent , but im not sending rent

Please suggest me

Thank You
SANJAY HG
99 6460 6463
SSSANJAYHG@GMAIL.COM

Hello,

I'm working as Technical Engineer in a software company based at Bangalore. My family is moving permanently to London. I don't want to lose my current job and ready to work from London for same company. My salary would be deposited in my SBI bank account like usual. Do I need to report this to anyone ? Do I need to pay Income tax in both countries ? Do my current company need to complete any compliance for me ?

Please advise
Many Thanks !!

Hello Experts,

Can we issue GST Tax Invoice before getting GST registration approved,
for example my date of registration as per GST portal is 20-08-2020 and i am issuing invoice with date 18-08-2020 after getting GST registration approved.

SUBJECT : REGISTRATION FOR SERVICE PROVIDERS

DEAR SIRS : AN UNREGISTERED SERVICE PROVIDER ( COMMISSION ON SALES ) WHOSE TURNOVER IS LESS THAN RS.TWENTY LAKHS IS BASED IN DELHI. HE IS PROVIDING SERVICES (COMMISSION ON
SALES ) TO A GST REGISTERED DEALER IN RAJASTHAN.

COMMISSION ON SALES IS NOT COVERED UNDER REVERSE CHARGE MECHANISM.

PLEASE LET ME KNOW :

WHETHER SERVICE PROVIDER MANDATORY REQUIRED TO BE REGISTERED UNDER GST OR NOT ? IF
REGISTRATION IS NOT REQUIRED THAN HOW GST REGISTERED DEALER WILL PAY GST UNDER RCM. KIND REGARDS

I wish to continue business after death of HUF. It's possible or not ?

Someone guide me through following :

1. Where to enter the income on shares when "STT is NOT PAID"
2. Which ITR to be filled if i have SPECULATIVE LOSS (i.e. loss from intraday trading) from shares. Should it be treated as businees loss and to be shown under BP schedule in ITR...

One of female I.t. Assess purchases of House property value Rs:20,00,000/-
Assess own money Rs:12,00,000/- in bank account.balance amount rs:8 lacs funds received from assess husband and daughter through on bank accounts.
Question:
Funds received from daughter and husband allowed under I.t. and other (Benami )acts applicable.