sanjay
24 February 2022 at 14:41

SERVICE AND RATE

Dear Sir,

i/we have started proprietorship firm name of 'NITESH BUFFING WORKS'. Specialist in - pharma GMP model equipment's finishing work, S.S. Buffing, 350 Great Dull polish, 420 Great mereal polish.
so i/we am/are going to registration of GST. but i have no idea which HSN/SAC code, which services and how many percentage of GST rate applicable.
please reply.

Thanking you.


yogesh vijaykumar shah
24 February 2022 at 14:40

Exemotion of Leave Encashment

Suppose the employee retires on his age of 58 and continues the job with earlier employer as contractual employee. If the leacve encashment receied at the time of retirement, whether the same is exempte or not up to Rs. 3 lacs. Kindly advise us


P.V...

Respected experts,

I am a CA final old syllabus student and going to apply for conversion in new course

While making application for conversion through SSP portal, my articleship details are showing wrong employer name.

How to update the same?
Thanks in advance



Anoop Singh
24 February 2022 at 13:43

Earnest money conditions for MSME

What are the facilities related to earnest money for tender in case of MSME. I am specifically asking about concessions and facilities for MSME when they are going for a tender.


Krishna
24 February 2022 at 12:26

ITR of Temple

If assessee is a Temple, having 4th character of PAN as "A" & not registered us 12AA. We are filing ITR 5 & cannot file ITR 7 because for ITR 7, 12AA registration mandatory i think. Our software calculates tax as per slab wise considering its a trust but CPC issues intimation U/s 143(1) & calculates tax @ 30%. CPC calculates @ 30% because, CPC considered it as AOP & for AOP if members share not shown or his other income exceeds maximum amount which is not chargeable to tax then for it tax rate is MMR.
what is the proper way to file ITR.


hemant mehta
24 February 2022 at 08:35

Deduction u/s 80CCD(2)

DEDUCTION U/S 80CCD(2) HAS ALLOWED WITHOUT ADDING NPS EMPLOYERS CONTRIBUTION ? ANY CIRCULAR/NOTIFICATION REGARDING ADDING OF NPS CONTRIBUTION IN INCOME BY EMPLOYEE.

THERE ARE NO CLARIFICATION FOUND IN INCOME TAX ACT


MOREOVER CAN NPS CONTRIBUTION BY EMPLOYEE CAN SPLIT IN 80CCD(1) AND 80CCD(1B)


Krishnaji
23 February 2022 at 23:17

STCG or LTCG?

Mr X holds a GPA of a land which he holds for more than 20 years. He takes a loan from his sister for 5 lacs in 2005 and registers a sale deed in his sister's name in Mar 2019 for 5 lacs. Stamp duty paid is 2.5 lacs. His sister sells the property in Jan 2022 for 47 lacs.
1. Is it a STCG or LTCG?
2. How much tax to be paid by his sister?


bhushan ghode
23 February 2022 at 22:05

269T clarification

Section 269T prohibits paying in cash for buying property ?

Section 269T means that an individual can not pay in cash for buying property ?

Pl advise


Gogale
23 February 2022 at 22:04

44AD on renting of plant and machinery

Income from renting of plant and machinery other than goods and carriage can be declared under 44ad or not?


Abhishek Dutta

One of my customer is willing to avail a CC limit of 2.5 Crores against stocks and BD. Further he is willing to avail OD (Against FDR) of 1.00 Crore against FDRs of 1.20 Crores

Now, my question is whether the OD Limit will be treated as part of working Capital MPBF calculation for Computing CC limit, since my understanding is that the borrower will be utilizing the OD Limit for Working Cpaital Needs, however my seniors are suggesting that there is no such condition, the OD limit can be utilized for Long term use as well, since we do not state any such condition for sanctioning OD (Against FDR) Limit.

Please guide..