UNREGISTERED DEALER MADE SUPPLY TO REGISTERED DEALER
RCM PROVISION IS SUSPENDED TILL 30.09.18.

IS SUSPENSION IS CONTINUED .IF YES PL.GIVE NOTIFICATION NO.

PLEASE GIVE INFORMATION

REGARDS
RAJKUMAR GUTTI

Dear Sir

We are a public limited company

we have to make payment of Rs. 10000 towards professional charges to and individual and we are not going to deal in future with that individual.

TDS is not applicable but whether we still require PAN to make that payment or TDS will have to be deducted @ 20% even if Limit is 30000 is not crossed

Kindly confirm at the earliest

Pl confirm

I Want Board resolution format Of auditor appoitments of co-operative society

I manufacturer an item using raw material, electricity,labour . Costing ₹54/kg . Price break up -48+5+1. So how should I show my production in buzy software costing 48 /kg and then take out a sales bill of ₹55/kg or can I show costing ₹54/kg and then take out sales bill of ₹55/kg. Plz help

I had a ICICI Prulife Life time Pension Plan II policy without any Insurance cover. I paid Rs 30000.00 per year for 10 years till 2016. I got the maturity proceedings with a maturity value of 5,67,000.00 (against a total premium of Rs 3,00,000.).The insurance company paid me the full accumulated amount
I would like to know income tax implication for above policy .
I would like to add the following
This was entirely a Pension policy.No Insurance. The death benefit as per my Application was ZERO.
Regarding the return of entire amount, the Insurance Company said as per rules I could commute only 33 .3% of maturity amount.But since return with balance in annuity will be around 6.5% and that too taxable ,they told me I could claim the full amount and I got it credited to my bank account.The original vesting date was 23/05/2016.(ten years after commencement of policy on 23/05/2006).As the fund value was not good at the time,I got the vesting date postponed to 01 Dec 2018.
Now the doubt persists on Income tax on amount received.(premium paid 300000.00 and maturity value 5,67,000.00)
Regards

We are a Public Trust that has 12A exemption on the basis that the Trust allows persons from a particular region ( Karnataka) irrespective of religion, caste or creed to reside in the Hostel run by the Trust.
This has been in vogue since the 1970's and 12a has been applicable.

One member now states that the Hostel must be open to all persons from all over India, which is opposed by the majority of members.
What is the correct interpretation for retaining 12A status?

1. Whether GST is levied on performance by artists in music shows. One singer is our client, I want to know whether there is any exemption in GST. There was exemption in service tax on folk show upto 100000 per show.
2. what is the rate of gst on actors of the films.

Dear Experts,
On Traces, TDS on Plant & Machinery is going to section what? There is going to 194IB column when we filed a return on section 194I. 194I on our deduction is 2% but traces going as 194IB as 10%. Kindly provide me with a solution.
Thanks

Assesse being a charitable Trust has filed return for AY 2017-18 in ITR 7 and has not claimed any deduction/exemptions u/s 11 (mainly due to reason they were not registered under 12A of act in AY 2017-18) or clauses of Section 10 or u/s 13A or u/s 13B in Schedule part B-TI of the return.
Case : Now the Department has issued the notice of Defective return u/s 139(9) of the Act on the basis of reason same as above explained. And they are providing the resolution as the return should be filed in prescribed form i.e ITR 1 to 6 in case if assessee is not an institution required to file u/s 139.
The Assessee is a charitable Trust and filed ITR7 after due date of filing. Audit report not attached as per 10B, since income taxable was less than taxable limit and the due date of filing 10B was gone months ago.

Please provide suggestions and resolve the query , for any other details we shall attach the letter , if required.

An Educational Institution is registered u/s 12A and has claimed exemption u/s 11 in the return ITR 7 and has also filed report in Form 10B. But after filing the return an error message comes in the e-mail : "Section 11 deductions claimed in Sr. no. 4 of Part BTI is allowed only if Form 10BB is filed on or before filing of the return in case of assesse who is approved u/s 10(23C)(iv)/10(23C)(v)/ 10(23C)(vi)/10(23C)(via)" Now, since the institution is registered u/s 12A and also files report in Form 10B why the error has come mentioning to file report in Form 10BB. This problem is coming after updating the ITR Form on 27th September. What to do, please guide.

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