Hi,
we are paying rent to a company (which the company is paying to other person and raising the invoice to claim that (GST charged in this bill) as the company is having the rent agreement in their name)

just wanted to check if the company is deducting the TDS on rent paid by them then we dont have to do the tds on rent which we are paying to them?

what is due date for itr5 for pvt discretionary trust which has no income, except exempt share of profit from partnership firm (firm has tax audit ).

my view -->as tax audit returns were due by 30th oct 2023, so partner also by 30. oct 2023.

strangely, i got late fee in my tax software of rs. 1000 when i filed on 30 oct 2023.

meanwhile, my tax software team also i am asking

Death of a partner in a partnership firm. Now new GST registration will have to be taken or there will be amendment in the same.

Hi

I am an OCI holder and my mother is resident indian. I plan to buy a residential property in Mumbai from a resident indian seller.

If I buy property in my name(non resident OCI holder) and my mother (Resident Indian)
AND
Make payment in ratio of 5% from my NRE account & 95% from my mother's resident account
AND
have agreement with ownership rights in ratio of 95% under my name & 5% under mother's name
AND
deduct 1% of TDS for seller

Will I be OK from Violation, Taxation and other hassles in future?

Appreciate you genuine inputs, help and support. Thank you

Regards
Puja Doshi

Sir,
New update heard about DRC01c in gst in relation with Gst monthly return. Let's me know the details.
With regards
Binu

An individual has applied for a Home loan from a Bank. He is a proprietorship in a firm. He has one existing car TL which is also showing in balance sheet of his prop firm. For computing deductions for the proposed home loan the deductions of EMI of existing car loan will be considered. But in Profit and loss account , only interest payment is there and principle payment is not there. So for deduction purpose whether principle portion of the loan needs to be deducted from the PAT of the firm.
Kindly guide sir.

1. Advance to supplier comes under loans and advance ? My answer is yes plz confirm
2. When we debit the entry in which golden rule we have say personal account debit the receiver or Real Account what comes in?

Is it compulsory to make an application for final registration under section 12AB of the Income Tax Act within 6 months from the date of provisional registration? If the application is not made within 6 months what would be the consequence?

While filing GST appeal, the disputed tax is not appearing in the DISPUTED AMOUNTS/PAYMENT DETAILS. How can i pay the disputed tax? I am not able to pay the disputed tax. The appeal can not be filed without paying 10% of the disputed tax.Can the experts throw light on this issue please.

Dear Experts,

An individiual having business income and having TAN number (since turnover crossed 1 CR last year) is paying rent more than 50k per month for residential purpose

In this case , is he liable to deduct 5% tds under section 194IB or 10% tds under section 194I since he is already having TAN

Please advice

Regards,