Respected Sir/Mam,
I want to know about time limit for "payment of custom duty" after arrival of vessel at port.
I have an idea about Sec 47 of customs act. I also want to know about whether payment of custom duty is impacted by Entry Inward date.
I am newly incorporated partnership firm entity in the year 2022. my turnover cross 10 crore from when this section become applicable
What is the condition for applicability of this section to any entity
Case 1 ) Mr A had given his hostel premises to government for student residence on rental basis.
Government paid him Rs 100 per day per student. No of student is 100. Means 1 student 100 *365 = 36500 & 36500 * 100 = 3650000. His T O will be exceeds Rs 20 lakh limit under GST .
Then Mr A needs to registered himself under GST & What is rate for GST ?
Case 2) Mr A had given his hostel premises directly to student residence on rental basis. Student paid him RS 100 per day per student individually. No of student is 100. Means 1 student 100 *365 = 36500 & 36500 * 100 = 3650000. His T O will be exceeds Rs 20 lakh limit under GST . Then Mr A needs to registered himself under GST & What is rate for GST ?
Sir please explain
We are a family of Mother and Two Brothers. My Father expired in 2016 leaving behind some property for us. This property is jointly held by mother, myself and my brother. I made two HUF in 2022 one for my father's family and one for my family. In both I am the karta. My queries are
1. My Father's family HUF has been named in name of my mother say my father name was X and mother name was Y. I have named HUF as Y (HUF) and PAN card has been obtained. Will there be any issue in keeping HUF name as that of Mother's?
2. Can rental income of my Father's property be shown as income of Y(HUF)?
3. After partition of Y(HUF), can rental income be shown in my HUF i.e say Z(HUF)?
4. Do I have to get those properties transferred in name of repective HUF to show rent as HUF income or will they be deemed as HUF income, despite them being in my Father's name?
Hi, sir, is it mandate to composite tax payer to file annual return
Pertaining to AY 2021-22. Relating to Salaried employee
Original return was filed in time under OLD scheme. Later after the due date a Revised Return was filed opting NEW scheme. Normally NEW SCHEME option terminates with due date for filing original return. Now Department has issued order ignoring new scheme and not allowing Standard deduction and 80C and other deductions.
Can sec154 petition be filed for this or appeal route can be attempted
We husband and wife together plan to buy a property. We already have an HUF wherein I am the karta of HUF. My queries are
1. If we jointly buy a property (without HUF being a coowner), can its rent be shown as income of HUF as it is a joint family property?
2. If I buy this property with myself, wife and my HUF all three being owners, can I show complete rental income as that of HUF?
3. If I buy this property with myself, wife and my HUF all three being owners, what issues I might face while selling this property(I have two minor daughters who are also members of my HUF).
Good morning sir/s, if LIC Commissions and Professional Income exceeding 20 Lakhs in Telangana is he required to pay GST by getting GST registration
Can Service provider take composition scheme in gst. if yey what is the rate of tax?
I have query related to ocean freight paid to shipping lines for export of goods @5% is Rcm applicable or not.As they are charging cgst and sgst in invoice although place of supply is outside India. Please give the valuable suggestion on this
Payment of Custom Duty(CD)