Dear Sir,
I have purchased a tempo which i have given on rent to supply of gas cylinders. They are paying me Rent of Rs 18000 p m. Sir I have paid Rs 167000/- gst on the purchase of Tempo. I am registered under GST. Can i give GST invoice and claim itc of Rs 167000/- . Can you provide me the SAC code and Rate of GST to be charged.

Hi , We pay municipal Tax on Self occupied property
Can we claim it under income from house property and claim in let out property
Rent received
Less Municipal taxes for both sop and lop

Here municipal taxes means only for let out property or both sop and lop

Plz may I know the correct answer !
Thank you so much in advance !

In private limited company, is it possible to provide allowance to shareholders and directors for board meeting sitting fee. Is there any limit for that

ABC company has received a GST notice, then they have CGST,SGST and IGST tax which is less than 4,000\- , then how much is the penalty???

Respected sir & madam,
My one client is engaged in Stone Crusher business. He pay royalty to collector office & collect raw stone & crush it in his crusher plant & sale Khadi it in local market. He collect 5 % GST on sales. I have a questions that is there required to pay RCM on royalty paid by him ? If yes please at which rate & any circular is available . If RCM paid on such royalty it can be used as like ITC against next month’s GST liability?

Just wanted to check income tax

Respected sir, State government or central government gives family pension to the family member of pensioner. Family pension is taxed under the head of other income. In this case TDS should be deducted or not on family pension ? If yes - then under which section . please guide

Sir/Madam

I have received notice for defective return and not able to reply it and time bar.
Can I will be eligible to file revised return today for getting refund of Rs. 30000??

Please clarify me on urgent basis.

Thanks,

(a) Any sum paid to an employee as bonus or commission for services rendered, where such sum was otherwise payableto him as profits or dividend [Section 36(1)(ii)].

Dear all a company pay bonus under long term incentive plan every year , lets say 10 lacs is LTIP which will be paid to employees 15%, 25% , 30% & 30% respectively in 1 to 4 years.

Do we need to disclose the same in clause 20 for tax audit ??

An Ind AS-compliant company has several Joint Ventures (JVs), all of which are Associations of Persons (AOPs). For tax audit purposes, do we need to prepare financial statements according to GAAP, or is it necessary to prepare them in accordance with Ind AS?