The aggregate value of services were less than 10 lacs. Had registration in service tax in 2014...Also did not collected service tax from customers in 2014. CA guided not to pay service tax as not liable. Now in 2022 served with show cause notice related to that year 2014 having huge penalty. The liability to pay service tax now is even valid or not ?

One of the trust registered under section 12AA of Income tax Act since 2008 could not file application for renewal of trust under section 12A(1)(ac)(i) by extended due date 31/03/2022. Now the trust which is having education as its objective want to continue registration of trust. My question is what are the options open for the trust? Now should it apply for registration under section 12A(1)ac(vi)? If that is the case for which assessment year should it file the application A.Y. 2023-24 or A.Y. 2024-25, because as per section 12A(1)ac(vi) application is required to be made at least one month prior to commencement of previous year relevant to assessment year from which registration is sought.
CA SUNIL JAIN

My query is that one of my client is opted sec 44AD last year having turnover of 1.20 crore but for this year he want to opt out of 44AD having turnover of 1.70 crore and profit is 8.5 lakh then under which clause audit is applicable
44AB(A) Or 44AB(E)

Whether there is any liability arise on withdrawal and addition of funds in partnership firm by partners ?

Greetings Experts,
Hope you all are in the best of health ............. Tamil Nadu Power Finance and Infrastructure Development Corporation Limited is offering Fixed Deposits for everyone (General and senior citizens)..This is their link for online investments ....... https://www.tnpowerfinance.com/tnpfc-web.
Their interest rates are as high as 8% for senior citizens. My query is:
1)This is a NBFC((Non-Banking Finance Company) under the purview of RBI.How to check if they really are under the purview of RBI? How to also check if it's listed or unlisted ?
2)Are they reliable & really give assured (guaranteed)returns? If its 8% today will it be guaranteed 8% tomorrow if not more?
3) We all know about the major fiasco of the Punjab & Maharashtra Cooperative (PMC) Bank ,Yes Bank etc where failing banks, due to their NPAs (Non Performing Assets) & financial misappropriations have driven people to suicides .But The insurance cover by Deposit Insurance and Credit Guarantee Corporation (DICGC) to Bank depositors is Rs 5 lakh .......So similarly my query is :Are our Fixed Deposits with NBFCs also covered for risks ? If yes upto how much amount? Thanx a lot Experts.

DURING THE FINANCIAL YEAR 2021-22 AN ASSESSEE WHO PURCHASED CRYPTO CURRENCY FOR RS.100000 AND SOLD WITH IN A MONTH FOR RS 108550 . hE IS HAVING TAXABLE INCOME . tAXABILITY OF CRYPTO CURRENCY FOR ASST YEAR 2022-23? AT WHAT RATE AND UNDER WHICH HEAD?

I was in a temorary(Contract) job in Govt. Hospital in a Covid-19 Epidemics.Appointed by CMHO office.
Than what is the right option for type of deductor?
In form 16 Deductor is CMHO office and Responsible person is CMHO officer.
Please guide me what option i can choose?

The proprietor of a firm has died in January 2021, and all his GSTR filings are still pending. And now his son wants to file all the returns.
How will the son file GSTR on his behalf?

Respected Sir/ Madam
Please clarify
Registered Firm pays Rent for branch office in a different state to Unregistered Individual. Takes rent of branch office in other state as a business expenditure.
What is implication of GST for Financial Year 2022-23.
Is GST leviable on this rent for branch office.
If GST to be levied who pays GST

Also inform Relevant Section , Provision of Act Or Circular if any if possible.
Thanks in Advance.

Dear Expert,

If any local persons/Indian entity provided their services for our overseas ongoing project(Foreign), they have submitted their bills in USD currency in India.
They have their own USD account in India. This means that funds will be transferred from our USD account to their USD account within India.

Query
1. TDS will be deducted on these bills ?
2. RCM applicable on these bills ?