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Manali

What is the GST rate on construction of residential affordable housing in case where land is not owned by contractor.


Quant Cr
28 June 2024 at 20:08

Query regarding GST and IT

Hello Sir/ Ma'am,

I am a salaried employee and invest in stocks.My salary is 30 lacs.In FY 23-24 I have sold shares worth 80 lacs.14 lacs ltcg and 13 lacs stcg. Please advise an efficient way to reduce tax.ie opening llp/company etc.

Also do I need to register for GST in the above case?

Anticipating your reply!

Thanks in advances!


ABHI KUMAR
28 June 2024 at 19:41

REGARDING DEPRICIATION INCOME TAX

PURCHASE INVERTE BATTERY FOR OFFICE USE
AND ALSO PURCHASE AIR CONDITIONT FOR OFFICE USE
WHAT IS D RATE OF DEPRICIATION IN BOTH ITEM

THANKS IN ADVANCE


VAIBHAVI COMMUNICATIONS
28 June 2024 at 15:56

Defective u/s 139 (9)

Dear Sir
Today I filed my IT return successfully. But I received message for the department that my IT return is defective u/s 139 (9) of IT act. I filed IT return by choosing ITR1 Form. Please note I have income from under Sec 194C Rs.131000/- & TDS credited Rs.1310/-, as per 26AS.
Following are the message received from the department. You have filed your income-tax return in form ITR-1. As per TDS details in your Form 26AS, taxes have been deducted under sections 194IA/194IC/194M/194S/194C/194B/194BB/194BA, etc. of the Income-tax Act, 1961. These sections are reflected as (4IA/4IC/94M/94S/94C/94B/4BB/4BA) in Form 26AS. These sections imply heads of income for which form no. ITR-1 is not the appropriate form. Thus, the required schedules for reporting incomes pertaining to said TDS sections are not present in your return of income filed in form no. ITR-1.
You are being provided with an opportunity to make necessary corrections and file a return of income in the appropriate form so that income and taxes may be determined correctly in accordance with the Income-tax Act, 1961 duly disclosing the complete gross receipts/income reflecting in your form 26AS under the relevant schedules of the ITR. Please note that as per Rule 37BA of the Income-tax Rules, credit of TDS is allowable to the person in whose hands the income is assessable and in the year (AY) in which such income is assessable. Please note that if the defect is not addressed with-in the time allowed, your return of income will be treated as invalid.
Now I request you to guide me how to rectify my. IT return.
Thanks & Regards
M Vinaykumar


Nagaraj
06 August 2024 at 12:26

Section 44ADA read with 44AA

Hi Sir,
Gimbal operator is a film artist?

Film artist as per notification
Film Artist includes a producer, editor, actor, music director, dance director, art director, cameraman, singer, lyricist, story writer, screenplay, costume designer, or dialogue writer


Javed Memon

GST CERTIFICATE IS AVAILABLE FOR GST E WAY BILL ENROLLMENT U/S 35(2) ?
and IF available then How to Download it ???


shrikant

Service Supplier provided foreign tour but deducted TDS is liable to pay GST ?


PARDEEP KAPIL
28 June 2024 at 14:15

UNIQUE DOC ID NUMBER (UDIN)

Dear Sirs : A nationalised bank , while doing loan proceedings is asking for UDIN on balance sheets and profit and loss account of an individual whose accounts are not audited as they do not come under audit compliances. Kindly suggest that can UDIN of such documents should be generated OR audit of books is mandatary for generating UDIN.. Regards


CA Parul Saxena
28 June 2024 at 12:41

PROPERTY TAX URGENT QUERY

MY CLIENT HAS PAID PROPERTY TAX TILL FY 2018-19...NOW WHILE FILLING CHALLAN FOR FY2024-25 PREVIOUS YEAR DUES ARE NOT SHOWN...WHETHER FOR EACH YEAR SEPARATE CHALLAN IS TO BE FILLED?
AND SURPRISINGLY FOR FY 2018-19 ITSELF TAX PAYABLE IS SHOWN IN THE CHALLAN WHILE IT HAS ALREADY BEEN PAID..


SIDDHARTH MAHESHKUMAR SHAH

There are two sister concern companies. Company A & Company B.
One Vendor have given credit note in Company A, hence the amount is receivable from vendor.
The same vendor balance is payable in Company B. Hence the amount is payable to vendor.
So in this case can we pass internal Journal Entry from Company A to Company B, rather to take refund of credit in Company A.

Please suggest as per Income Tax Law and Companies Law.






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