SIR, IN THE PRESENT CASE THE BUYER OF THE IMMOVEABLE PROPERTY PAID FULL AMOUNT OF SALES CONSIDERATION TO THE SELLER WITHOUT DEDUCTION OF TDS U/S 194 IA. TDS DUE IS RS.119000/-DURING JUNE,2023.
AT PRESENT THE SELLER OF THE PROPERTY HAS FILED THE INCOME TAX RETURN AND PAID THE CAPITAL GAINS TAX AND CESS RS.148536/-. WHETHER TAX PAID BY THE SELLER CAN SAFEGUARD THE BUYER FROM THE CONSEQUESNCES OF NON-DEDUCTION OF TAX . KINDLY GUIDE US THANK YOU SIR

I am self-published author on Amazon. Kindly, guide me about What are GST and Income tax Implications for royalties earned through self published books both e-books and paperback books from Kindle Direct Publishing. If GST is applicable then when I should register for it? Is there any threshold limit for it?

a person wants to start business so he can sell products through Flipkart or Amazon so voluntarily GST Registration or Selling through e commerce portal option shall be selected at the time of registration.????

Dear Experts,

In ITR 4 , filling financial position schedule is compulsory.

However only S. Crs, S drs , Inventories and Cash balance is mandatory. So if only these are filled and assets and liabilities do not match , then will it be ok? Will this be considered defective return?

Please advice

Regards,

hello
few of our clients are willing to opt old tax regime by filing form 10IE. they are having business income.
my question is whether they will get ONE TIME option in future to exit old regime and opt for NEW regime ?
or once old regime is opted in FY 23-24, option to choose NEW RIGIME is lost forever ?
Please guide

MY CLIENT IS WORKING IN MERCHANT SHIPPING FOR FOREIGN SHIPPING COMPANY OF FOREIGN COMPANY. HE LIVES IN INDIA BUT JUST JUST GO ON JOB WHEN COMPANY ASK FOR. HE RECEIVED SHIPPING SALARY+ BANK INTEREST IN NRE AC IN INDIAN BANK. HE ALSO HAVE OTHER INCOME LIKE NRO SAVING AC INTEREST & NORMAL SAVING BANK INTEREST & ALSO SOME EQUITY TRADING INCOME. HE WAS IN INDIA FOR 163 IN FY 23-24 & 703 DAYS FROM FY-20-21 TILL FY 23-24. HE DIDNT STAY IN ANY OTHER COUNTRY THAN INDIA OTHER THAN NORMAL SHIPPING JOB PURPOSE. NO ANY TAX IS DEDUCTED BY SHIPPING COMPANY FROM HIS SALARY. WHAT IS HIS RESIDENTIAL STATUS FOR ITR? ALSO WHAT TAX JURISDICTION AND TIN NUMBER NEEDS TO BE MENTIONED IN ITR? IS HIS SALARY & OTHER MENTIONED INCOME IS TAXABLE IN INDIA?

Kindly advise,

We, a partnership firm, whether are required to deduct TDS on air freight charges paid to the clearing agent along with AIR DO, endorsement charges etc. separately shown in the single bill ?

Dear Experts,
Any one please explain how to issue invoice & way bill for goods movement which is supplied as Free of cost as samples towards business promotion.

Sir,
A partnership firm business in buying land and conversion to plot and selling plots.
Question:
Assessess capital gain tax or business income treatment in it act.

We are registered GTA. We had raised an invoice for the transportation charges provided during march 24 in april 24 (to customer to whom we provide continuous service through out the month). And accordingly we have filed our GST Return. But our customer has booked the provision for the services taken and has filed tds return. Because of this, there is a mismatch with our books of records and 26AS. If we take in to account of the provision and pay income tax, then there would be mismatch with our turnover as per GST return. What can be done in such scenario?