I want know which option to choose while rectifying under section 154, if i filed retrun for AY 16-17 and employer deposited additional TDS of RS. 44000 in 2019??, I already opted for reprocess the return but nothing happened in rectification intimation, i want to know which option is for what purpose, when to use 1) tax credit mismatch only, 2) only Reprocess the case, 3) Return data correction (xml) ?? plz help

The assessee is a real estate developer. He sold plots not below the guideline rates. As per sale deeds the assessee borne the expenses on stamp duty and registration fee. The assessing officer is of the view that in the form of free registration facility the assessee has offered a discount whereby the consideration received is not equal to the guideline value and therefore the expenses borne by assessee on registration fee and stamp duty is the difference between actual consideration and guideline value and he proposes to add such difference u/s 43CA. Please guide. Thanks  

Sir,

We are importing goods , for which we are paying cargo handling charges for a company. Bill is raised in our name with GST, but we pay to clearing forwarding agency for that bill. In turn, c&f pays to cargo handling company. In this case, is tds applicable or not. if applicable ,from whom do we have to deduct TDS .

Thanks & Regards
R.satish kumar.

Hi Sir/Madam,

I've received the below notice for AY 2019-2020. This amount X was received as a gratuity payout from my previous employer upon resignation. It seems like the claim is correct and the amount is calculated as per recommended formula of 1Month Basic Salary X 15/26 X Completed Years.

claim of deduction u/s 10(10) - death-cum-retirement gratuity received is more than the threshold limit Thanks

I wanted to Disagree online with this intimation but need some guidance on how to proceed with this.
Actually I have rejoined same employer after a gap of 1.5 Years. Do you think that can trigger this error.

We have bought a Software License from an Israel Company and sold it to our customer in India. the software was directly downloaded by customer. The company in Israel does not have any office or permanent establishment in India. Israel company wants us to pay full invoice amount without any tax deductions as India and Israel has DTAA in place and the tax is getting deducted in Israel.

Let us know whether 10% TDS is applicable or not? If not then which code should we use for 15CA?

Thanks in Advance.

Regards,

Rama Mohan
9930132276

As per the amended notification issued recently, 1) if a supplier charges 5% GST on renting of motor vehicle, the body corporate need to inform him not to charge since body corporate is required to pay under RCM? Or 2) the supplier can charge 5% but still body corporate need to pay under RCM? If the second situation is valid, will it not be double taxation since body corporate is not eligible to claim ITC on this service being under negative list?

Dear Experts I have a query! Let say Mr. A is the individual and Mr. B is his son and C is his Grand Son. Now Mr. A being a proposer insured the life of his grand son C and paid the Insurance premium of Rs. 25000. Now my query is. can Mr B (Father of Mr C) claim the deduction U/s 80C on account of LIC premium paid by Mr. A?

Can anyone tell me the process of Port Registration in order to claim SEIS Benefit.
Which port we should register and what are the procedural aspects with respect to that.

Is tax on monetary perquisites given by a nationalised Bank to their employees are taxable in the hands of employee. Will banks pay tax on such monetary perquisites on behalf of employees towards pan number of respective employees

Mr. X having multiple places of business in the state (say u.p.) obtained a single Registration for all the place of business within the same state, Mr. X Transfer some goods from one place of business to another place of business, Can we treat it as supply?