Kollipara Sundaraiah
07 January 2024 at 17:54

E-waybill generated question

Sir,
Dealer e-waybill generated required four invoices each one below rs:50,000/- single day.


k chakraborty

clarification regarding the potential inclusion of "(Registered)" in our GST trade name, specifically to align with Section 59(2) of the Partnership Act 1932, which stipulates that "The firm, which is registered, shall use the brackets and word (Registered) immediately after its name," for invoicing compliance.
Our partnership firm is in the process of registration with the Registrar of Firms. We are considering the inclusion of "(Registered)" immediately after our firm's name in our GST trade name to comply with Section 59(2) of the Partnership Act 1932, ensuring our invoicing practices meet the legal requirements.Importantly, upon completion, the registration certificate issued by the Registrar of Firms is expected to reflect our original firm name without the "(Registered)" suffix.
It's essential to note that the legal name in our PAN details would not change and remains aligned with the original firm name submitted during the registration process.This inquiry seeks guidance on the feasibility and process of including "(Registered)" in our GST trade name exclusively for issuing compliant invoices as per Section 59(2) of the Partnership Act 1932, while maintaining consistency with our legal name based on PAN details.


Suraj

Dear Sir/Madam,

My query is as follows:

Mr A & Mr B, Father & Son, purchased a property jointly in Panvel, Maharashtra in 2007 for Rs. 10 Lakhs. Due to old age, Mr A gifted his 50% share in property to Mr B in 2016. Mr B paid Rs. 30000/- as stamp duty & registration charges of Gift deed.

Now, in Jan 2024, Mr B wants to sell this property.
Can he claim this Rs. 30000/- towards registration of gift deed as cost in capital gain calculation?

Kindly guide.
Thanks & Regards,
Suraj


Ca Anurag

Assessee has sold a land and earned LTCG, which he has invested in construction of new residential house on an existing plot of land, so is the assessee eligible to claim the exemption u/s 54F, by contructing new house on old and existing plot?


jignesh sitapara
07 January 2024 at 13:17

Regarding Scrap

Dear Experts,
My Client sale aluminum scrap, heavy melting scrap etc.... In this case any liability TCS on these scrap ??


hiluferns

Hi, I just wanted to know weather income from house property below 2 lakhs, is to be declared in the ITR. This year my income from business will be approx 10 lakhs and I have a appartment which I have given on rent for Rs.14,500/- per month. So am I liable to pay income tax on the rental income?
Thankyou.


Satish Chaudhary

How to nullify the old demand of A.Y.2009-10 of a Railway employee, the TDS Return has now been corrected by the Railway Employer and TDS Credit appearing in 26AS of A.Y.2009-10 in December 2023 , by pursuing them several times. Please guide. Thanks.


Ajay Chandak
06 January 2024 at 23:18

TDS U/s 194Q Petrol Pump

One of my client is running a petrol pump business. they bought petrol worth Rs. 15 crore during last F.Y 2022-23, from HPCL .. is there a requirement to deduct TDS u/s 194Q?

my Client has deducted TDS U/s 194Q from HPCL,
Now HPCL is denying to adjust same in bill.. and deducted TCS U/ Section 206C (1H)

now what option my client have.. plz guide


tony
06 January 2024 at 20:42

Drc 03 for tax payment on bill issued

Dear Sir,
A person need to pay 18% gst instead of 12% paid with 3b and R1 of March 2023. Whether it can be paid by drc 03 ? and which head to be select while filing drc 03.

Please clarify.


Hitendra Agrawal

What will be the taxes which I need to bear in Importing? Please let me know the type of taxes and rates of the taxes applicable?





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