Dear experts,
I am getting rs.10000 per month as car allowance which is part of my gross salary. As I am using cab facility given by company for commuting to office and back home (official duty) I have to pay rs.5000 per month which is deducted in my salary and paid to private transport operators who are providing cabs.
Is deduction or exemption allowed in income tax, if yes how much and which regime? Please give your expert opinion.
Thanks in advance.

I want to sell my 3 years old privet limited company in Mumbai

If Invoice avaliable for distribution but we will distribute in next month, so can we claim the same ITC in next month or not??? Means we will raise invoice for distribution in next month.

We are proprietorship company not covered under income tax Tax audit.
we are paying Commercial property Rent Rs.42000/-p.m to landlord & Deducting TDS u/s.194IB for the F.y2024-25. Is it applicable to us to deduct TDS on rent for F.y.2025-26.

HOW TO PAY GST --CALCULATION OF FORMULA....IF ANY

I HAVE PUCHASED ABOUT 7 CR

ON WHICH
TGT ACHIEVED
QRTLY DISCOUNT
SALES PROMTION

RECD....ABOUT
1 CR


HOW TO PAY GST...............

CO ISSUES NOTES..............WITHOUT CHARGHING ....GST
SAY.......NO GST ON DISCOUNT


AS PVT LTD CO,,,,,,,,,,,,DOESNOT UPLOAD....SUCH NOTES ON GST PORTAL ?????


CONSEQUENCES OR ANY LIABLITIES ON US

EACH POINT......EXPLAIN SEPRATELY.......IF POSSIBLE


MANY TIMES YOUR ANSWER ...TOO SHORT.......
ANSWER ONLY 1 QUEST.........OTHER REMAINS PENDING ?????

client is registered in GST as regular taxpayer, but he is engaged in exapted goods supplier such as agricultural product etc.

taxpayer paing rent for comercial property to run his business.

so does RCM on rent applicable for such tax payer? Please explain.

the assessee has registered himself in GST and" reported all the sales" (GST return) and haven't registered himself in VAT. Now the credit of VAT is denied. please tell what the assessee can do and if there is any case law related.
Also please tell what is the maximum penalty that could be levied.

Good morning sir/s,
One of Indian giving services such as how to attend interviews and how to get job opportunities to students, and the gross receipts may below 20 lakhs per anum, but consideration is being received from foreign account, in such case is GST threshold limit applicable or not for services rendered by Indian firm, for which receipts receiving from foreign account,

thanking you,

If a NBFC Company purchase Gold & sales the same. So Can we claim the said Input ?

Sir, when turnover exceeds one crore rupees, in the case of Individuals and HUF, then the applicability of TDS provisions triggers of only 194C, H, J, but not the other TDS provisions, as I understood from the provisions of 194C-Explanation:(i)(l)(B), Second Proviso to Section 194H, second proviso to Section 194J (1), Am I Correct?