Is there any tax liability for a Charitable Trust which is not registered u/s 12A in following cases.

1. Its total receipts are more than minimum taxable limit lets say 5,00,000, however its net income after deducting expenses is less than minimum taxable limit 2,13,000.

2. Its total receipts are more than minimum taxable limit 8,00,000, and its net income after deducting expenses is also more than minimum taxable limit 3,30,000.

3. What If there is only corpus fund donation.

Please answer in all above three situation seprately with relevant provision of IT Act,1961.

If Income Tax wil be applicable than what will be the rate of income tax.

Company X entered in to an agreement with a firm Y. it was agreed that Company X will take the property of firm Y on Rent. the agreed price fixed in agreement is 15 lakh.now after 8 months firm Y demand Service Tax in addition of rent. nothing is mentioned in agreement that 15 lakh is inclusive of service tax or exclusive of service tax.then who is liable to pay the tax??? kindly clarify. can call me 9990012243

Mr. X has income from salary for the FY 2016-17 is Rs.290000.00 and he made investment under section 80C for Rs.48000.00 in LIC.
Is Mr. X salary is liable for TDS. If yes how much tds amount to pay.
Please reply on urgent

Whether online ticket charges collected from third party ticket portal BY THEATRE OWNER towards exhibition of cinematographic films is exempt from service tax or not ? Similarly, collection of 3 D charges, tele-booking charges and theatre maintenance charges collected by theatre owner is exempt or taxable ?

I not filed my return from 2010 due to stroke of BP came to me. now I am OK n wants to submit return. can I do now

if a ca in service is appointed as an internal auditor of any company then whether he is deemed to be a member in practice u/s 2(2) of ca act 1949?? and if yes whether he will be penalised u/s 24??

Strategy to study Group 2 of Ca Final for May,17 exam in remaining 15 days...

Hello sir,

I am working with a Pvt Ltd company on CTC basis for the past 4 years and 4 months. Gratuity is not part of my CTC. But my company creates provision for all those employees who have crossed 5 years of service. Am I elegible for asking gratuity after 5 years of service?

Please let me know. Thanks in advance

Good evening sir, I registered CA IPCC under direct entry, and I am doing 2nd year articleship with remaining 8 months to complete 2nd year training. I took 2 months leave for nov 2016 IPCC examination thought i am unable to pass the exam , so that i want to terminate articleship in coming may 2017 and i want focus on studies to pass both groups in nov 2017 attempt, I am not eligible to terminate under any of ICAI grounds, please kindly help me how to terminate articleship & to rejoin after passing IPCC. THANK YOU.

Dear Experts

First Query

If my on say 21-Feb-19, my aggregate turnover for FY 18-19 exceeds rs. 50 lak when I issue bill of supply at 10:00 AM, then do I have to issue for the next supply I make Tax Invoice and charge GST and collect it from customer?

OR

can I for the day of 21-Feb-19 continue to issue bill of supply and come within preview of normal GST scheme from next day.

I am asking coz the word used in section 10(3) is with effect from day and not w.e.f. moment.

Second Query
under section 10(5) it says that if someone wrongly avails of composition scheme than he has to pay GST as would have been applicable had he not applied for the scheme. my question is will the composition tax be adjusted against his GST liability or what he has paid is gone and will not be adjusted?

regards
shivani