During the F.Y.2021-2022 trust's income is more than expenditure and transfer to corpus @ 15% u/s 11(1)(a) is done still the trust want to transfer the surplus to further years. whether it is allowable ? at present surplus funds are deposited in saving bank account. please advise what is the procedure. Thanks in advance.

A company puts coupons in its products having different-different values in points. Ultimate consumer collects these points and after accumulating certain points, redeems those points against which company has to deliver the gift as per its policy to that person. Now if the value of that gift is more than Rs. 20000, then TDS u/s 194 R will be applicable or not. Generally, with such consumers company has no direct relation. The company also has no information about these consumers except name and address which they provide at the time of redemption of points only through company’s application for this purpose. So, PAN etc also not available with the company. So, if the company decides to deposit TDS from its own then how this should be tackled because no of transactions are in large quantity.

Kindly suggest us,

Condition 1:- Seller is in MP and Buyer in Maharashtra and Delivery address is in MP.
A) In this case confirm GST type (in invoice CGST & SGST will applied or IGST applied)
B) In this case Buyer will eligible or not for GST Rebate.
C) In this case in GSTR1 what Place of Supply mention in return.

Condition 2:- Seller is in MP and Buyer in Maharashtra and Delivery address is in Gujrat.
A) In this case in GSTR1 what Place of Supply mention in return.
B) In this case Buyer will eligible or not for GST Rebate.

Sir/ mam

I filled articalship form 103 yesterday and it also approved by principal within no time. But now I want to cancel it.

I did not complete with the stamping procces and final submission of documents at icai branch.

How can I cancel my registration?
And if there is need of filling 109 then sir it's not available on my ssp Portal maybe because I did not done final submission.

I searched option to delete form 102, 103 but it's not there plus I not filled 112 even though I am persuing B-com along with CA [ cause principal said no need to file it ]

Dear All,

Can any one please share TRC format for Taiwan..

Dear All,

One of my client is GTA in FCM. He provides services to broker, agents (who is not GTA) & broker further billing to end user.

1) whether services to non GTA is taxable or exempt. Brokers are not accept invoices with GST. Please advise on it

2) further, whether on transportation expenses RCM liability is arise or not.

In a Private limited company there are 4 shareholders including a partnership firm. And now the composition of partnership firm has been changed and a new partner has been included. My query is whether we have to fill a new share transfer form for inclusion of the new partner ? And what if the partner is the director of that pvt. ltd. i.e what will be the consequence? Pls advise asap.

Commission received from china company.
In this case einvoice is mandatory for debit note .

A general query:

We are following %tage completion method in case of Promoter-Builder activity.

It so happens that the TDS is deducted by Flat owners as per their own dates (we do advise them to pay TDS at the time if booking but then it may or may not be paid then) Now while offering Sales we are offering sale as per our completion irrespective of TDS deducted or not.

Example
1) In a given year we are offering 50% of total sale value of say 3 flats of 1 cr each say 1.5cr.
2) TDS deducted in a given year is of only one flat of 1cr and balance two flats have not deducted TDS.
3) Now turnover as per 26AS is 1cr and as per books is 1.5cr which is OK and the ITR will be processed.
4) Issue arises in next year when the turnover as per books will be 1.5Cr but as per 26AS will be 2cr when the balance two flats will deducted TDS.

Any practical way out in this because we will surely get defective return notice for next year as T/O as per 26AS greater than T/O as per books.

As per provision when a similar transaction falls between both sections 194Q and 206C(1H)....194Q Overrides.

My question is I was liable to deduct u/s 194Q however the seller has already deducted on the same amount under 206C(1H).

Accordingly,
1)Whether I am still liable to deduct under 194Q?
2)Is non deduction of TDS on purchase attract sec 40a(ia) ?
3) Treatment of TCS collected under 206C(1H).