Hello everyone ,
We had taken services from ABC enterprises in the month of March and deducted tds on provision . Invoice received in may but in the different firm name reason being old firm closed and new firm started .

Can we revise tds return in this case ? If so what documents we should have so that we can answer statutory auditors if query is raised ?

Is there any statutory requirement that basic salary has to be atleast 50 percent of gross or CTC?

An employee joined an organization with a package of Rs. 40 Lakhs. The employee asked the employer to issue one offer letter for Rs. 20 Lakhs in their name and another offer letter for Rs. 20 Lakhs in their spouse's name. The employer agreed and provided the offer letters accordingly. Is this legally allowed? It seems like they are trying to evade taxes.
Please share your views in detail along with sections. and whether it is legally allowed.

WHAT IS THE IMPACT ON EMPLOYER ? TO SUPPORT THIS TYPE OF ACTIVITY ? HOW TO REPORT THIS TYPE OF ACTIVITY TO IT Department

I have purchased AC in the month of May 2024 . I have no sale transcation .Can I claim refund of my gst input credit while filing gst return for the month of June 2024.

If my client informed there income details as per old regime to there employer at the time of TDS deduction (FORM 16) but at the time of filing return we found that new regime will be beneficial for him, can he opt for the new regime at this stage.

I recently purchased a house for Rs. 60.4 lacs on 08.06.24 and want to sell it for Rs. 1.00 crore to purchase a bigger house worth Rs. 1.5 crores. Please advise the Income Tax liability given the short-term Capital gain considering the reinvestment of the whole money for buying a new property.

Input Tax Credit Eligibility for Construction Equipment Vehicles

**Question for Expert:**

We own multiple construction vehicles (JCBs, Pokelands, trucks, dumpers) and frequently purchase tires and other parts for them. Are we eligible to claim Input Tax Credit (ITC) on these purchases under GST? If so, are there any specific conditions or documentation requirements we need to fulfill?

Thank you.

Getting this error ITD_exec2003 while uploading return today please help.
And while uploading through software getting schema error try again later.

Please help.

If warehouse is in india and Owner of Warehouse is in abroad and earning rent income in india so whether GST would be applicable in such case?

DEAR SIR,

ONE OF MY CLIENTS PURCHASED GOODS FROM MAIN DEALER, HE HAS NOT PAID PAYMENTS IN DUE DATE NOW THEY WANTS CLOSE THE BUSINESS AND CLEAR ALL DUE BALANCES NOW THE DEALER DEMANDING CLEAR THE BALANCES INCLUDING CREDIT NOTES RAISED BY THEM. FOR THE DELAY IN PAYMENTS THEY HAVE RAISED DEBIT NOTES ALSO.

1.NOW MY DOUBT IS MY CLIENT HAS TO CLEAR THE BALANCES INCLUDING THE CREDIT NOTES RAISED BY DEALER IF YES
2.THEY HAVE TO LESS THE DEBIT NOTES RAISED BY THEM WHILE CLEARING THE DUE PAYMENTS.

3. I HAVE THOUGHT THAT ITC CAN NOT BE CLAIMED IF THEY HAVE NOT CLEARED PAYMENTS IN DUE DATE. SO IN THIS REGARD THEY DEMANDING THE PAYMENTS ALONG WITH CREDIT NOTES BECAUSE THEY HAVE PAID GST ON THAT.

PLEASE CLEAR MY DOUBTS WAITING FOR YOUR SUGGESTIONS

REGARDS

PLEASE