WHETHER CREDIT CAN BE CLAIMED FOR THE TRANSPORTAION EXPENSE AND OTHER EXPENSE OF THE GOODS FOR WHICH CREDIT IS NOT CLAIMED ON PURCHASE AND TAX IS ALSO NOT PAID ON EXPORT OF SUCH GOODS.

Kindly advice on the procedures of surrendering PAN card of a partnership business which got dissolved?

Dear Experts,

01. A company is getting the following materials from the GST Registered persons :

a. Letter Head Printing.
b. Purchase of Printed Identity Card Tag with company name.
C. Calender Printing etc

02.In the above mentioned cases, the company has not supplied any materials as an input to the suppliers. In this scenario, can they be considered as "either Goods or Service"?

03. Whether these transactions attracts TDS under section 194C or not.

pl clarify

Sir,
My friend start business. His turnover is less . most of customer make payment through bank transfer (upi ).
It's my know if there is any limit of amount and numbers of transfer in UPI.
His account is link with PAN

Sir,
A registered dealer selling of goods transaction to b2c customers only.
Cash sales and sale through on Google/paytam two types
Question:
Dealer cash sales and sale through on Google/paytam transactions total consilated amount entry passed end of month in books correct procedure.

Respected Sir,
There occurs a problem while registering DSC on GST Portal.
Please guide me and oblige.

YOURS TARIQUE RIZVI
982 1630 130

Is GST applicable on inter-branch transfer of laptops from Mumbai Branch to Gujarat (GIFT CITY-IFSC) Branch?
The laptops have been capitalized in the books of accounts and the ITC on the same have been availed.
Please note that the laptops are being transferred to GIFT City of Gujarat where GST is exempt.

Please provide the amount of TCS u/s 206CR in the following Scenario:

Sale upto Dec'22 Rs. 50,00,000
Sale in Jan'23 Rs. 10,00,000
Sale in Feb'23 Rs. 20,00,000
Sale in Mar'23 Rs. 30,00,000

Collection upto Feb'23 Rs. 50,00,000
Collection in Mar'23 Rs. 20,00,000

So TCS U/s 206CR in Mar'23 should be 0.1% of Rs. 20,00,000 (Collection exceeding 50 Lacs) = Rs. 2,000/-
or 0.1% of Rs. 60,00,000 (Sales exceeding 50 Lacs) = Rs. 6,000/-

Please reply urgently.

Hello,
suppose I am proprietory concern and filed Tax audit report and I am paying rent exceeding 50000 to resident person for residential use then tds to be deducted under what section 194 I or 194 IB ?? should I deduct TDS @ 10% or 5%

Please reply

Part A: I bought a property from a builder at 1.5 crore. After 3 years I sold it at 2 crore. As the property was still under construction at the time of sale and a pending payment of Rs 40 lakhs, the buyer paid me 1.6 crore and remaining 40 lakhs would be directly paid to builder as per demand schedule.

Q. A.1 : The buyer deducted 1% TDS on 1.6 crore on my side. The argument is that since he is paying me only 1.6 crore, he would deduct TDS on amount paid to me. The remaining TDS would be deducted from the builder as and when he is making payment to builder. Is it correct to deduct TDS on 1.6 crore or should the TDS be deducted on full amount 2 crore?

Q A.2 : In Capital gain calculation what should be my buy value and sell value. I assume following. Please correct me if I am wrong
Buy Value : Indexed cost of 1.1 lakhs (Indexation based on date of payment of each installment)
Sell Value : 1.6 crore (As seller paid me only 1.6 crore and deducted TDS on same amount).

Is my calculation correct? Or do I need to show sell value as 2 crore and buy value as indexed cost of 1.5 crore

Q A.3 I want to claim exemption under section 54F. Do I need to invest 1.6 crore or 2 crore to claim full exemption?

Part B: I purchased another under construction property at price of 1.52. I paid Rs 1.26 to seller and remaining 26 lakhs to be paid to builder later. There is also expected expense of about Rs 10 lakhs for registration and Rs 15 lakhs for interiors.

Q B.1 Assuming I do not put any amount in Capital gain account, for section 54F, on what amount I can claim exemption. Is it only 1.26 that I paid to the seller or should I use 1.52 the total amount I paid to purchase the property or 1.77 total cost + expected registration cost + expected interior cost). If I show as 1.77, how things work if actual expense on registration and interior is less than 25 lakhs determined at a later date

Q. B.2 If I can not use 1.77, can I put remaining amount in capital gain account and use this account to pay for remaining amount to builder, registration cost and interior.

Q. B.3 Can I also claim 54 EC by investing in certain bonds in addition to section 54 EF