My daughter has been studying abroad & has visited & stayed in India for less than 182days in FY 2019-20
( AY2020-21).
She has to file returns for Income from Interest Earned.
Please advise as student studing abroad while filing returns Student is considered Non Redident Indian or has to file in the capacity of Resident Indian.

Sir
Whether interest paid for late payment of GST is allowable expenses or not under income tax act?
Some of the experts saying to disallow the same.
Regards
P.Saravanan.

Sir
my accounting entry in duties and taxes in given below
DEBIT Credit
CGST input 8,77,143.15 CGST output-16,54,086.87
SGST input 8,77,143.15 SGST output-16,54,086.87
IGST input 6,69,494.74 IGST output- 45,37,865.22
GST paid 54,21,592.00
GST paid include March month entry- GST paid ac Dr
To GST payable
all entry accounted and payable figure is OK in GST and our accounts but some difference shown in balance sheet side duties and taxes is 656.24 how to rectify this amount is it transfered to profit and loss account this method is correct please rely
Thanking You
Pradeepkumar

What is the rate of TDS when certification charges paid to non resident/ Foreign Company

Whether way bill required for transferring construction equipment/ machinery from one site/ branch to another site of the same entity in different state having different GSTN registration ? If required whether transferring branch needs to raise tax invoice for the same or can be done through delivery challan ? Please share relevant notification/ circulars for exemptions or other details in this regards.

Thanks in advance.

The assessee's family consisted of his father, mother and yonger brother. His father had never formally created HUF. On the demise of his father, the assessee, his mother and his brother separately received various amounts as the nominees / successors of his father.

The assesse is married having his wife and son as the members of his own family. Can the assessee treat / use the receipt of money from his father's estate as his capital for forming his own HUF? Will the income derived from this money be treated as the income of HUF and not that of the individual assessee?


What are the formalities / documentation required to be completed for forming his own HUF??

Respected Experts, we have sold & purchased goods from same state & other state. Please guide me how to determine GST in below cases :-
1) Supplier : Delhi (Freight paid)
GTA : Delhi
Recipient : Haryana
IGST or C + S

2) Supplier : Delhi
GTA : Local - not registered
Recipient : Haryana (Freight Paid)
IGST or C + S

3) Supplier : Haryana
GTA : Registered in Delhi
Recipient : Haryana (Freight paid)
IGST or C + S

4) Supplier : Haryana (Freight paid)
GTA : Local in Delhi
Recipient : Haryana
IGST or C + S

Kindly advise

Rakesh Sharma

I need to know the HSN/SAC code for Sale of Tickets we are a event company and do events in multiple states. Also the GST rate for Sale of Tickets is 28% or 18%. Also is it necessary to charge CGST & SGST under sale of tickets ? or we can charge IGST if the client is in different state. suppose we are doing event in hyd and registered client is in maharashtra . then the invoice can we raise as a IGST from hyd to maharashtra?

Please guide.

By mistake, I had deposited SGST under the head of Cess for Oct-Dec.19 (CMP 08). How to rectify the mistake ?

I Arun Thomas have made an NEFT of Rs. 5000/- to Mr. Manoj. so my first accounting entry will be
Arun A/c Dr. (NEFT)
To Manoj A/c.

unfortunately its unpaid & bank returned it.
so how to treat it & what is the term used for it,,, like (Check Bounce)

Please advice