If the net profit of an individual as at 31st March 2021 arrives as at Rs 9 LACS and advance tax has not been paid for any quarter. Now how much SA tax shall have to be paid as on 30-06-.2021.

Taxable Income Rs 9 LACS
Ay 2021-22
NO ADVANCE TAX PAID
HOW MUCH SA TAX SHOULD BE PAID ON 30-06-2021

Basically I am a broker and commission agent for sale purchase of agro products. Whether income by way of commission and brokerage in such case will attract GST Liability/GST Refund. Further I would like to know the slab/limit of receipts of commission.

Hi,
In Rule 42 of GST
D2=The amount of credit attributable to non-business purposes if common inputs and input services are used partly for business and partly for non-business purposes and shall be equal to 5% of C2 and calculated as D2=C2×5%

In our case we don't have any non business purpose activities. So i need to calculated the 5% of C2 or the 5% reversal not applicable to me

Please clarify

my college timing is 3:00 P.M - 6:00 P.M and my articleship timing is 10:00 A.M to 6:00 P.M, both timing are clashing, but i obtain class suspension certificate from college will icai approve my form 112.

should I issue Tax invoice on Registered Dealer in another state, for rendering of Transport service as GTA.

Sir,
Our director has entered into sale deed for the purchase of second hand vehicle and ownership is not transfeered,,Ownership will be transferred whn the amount of loan is fully paid. Loan is existing on the asset at the time of sale.The same asset is used by the company.need to how the asset can be brought to the statement.Whether the same need to be shown in dpt-3?..whether we can bring the asset by crediting shareholder loan

Sir,
A gst exempted goods trading business person sales of annual turnover rs:1.25 crores .but advanceses from traders amount rs:50 lacs during f.y.20-21 for trading purposes received.
Question:
1.Trader rs:50 lacs amount advances from trader balance show in books allowed in it act.
2.any problems future.

Sir, We Have Query Regarding , If We have Purchase Machinery From Dealer, But the Bank Disburse loan to Manufacturing Company . How We can Show / Book Entry of Loan account. & Whose Account Will be Credited.

I am an authorized representative of a foreign company in India. However, I am not an employee of the company and am not on the payroll. I earn a fixed remuneration and some commission on the sale that is made in India through me. Can I opt for presumptive taxation under section 44ADA. Please suggest.

A raised investment from various sources for his business through cheques Rs 40 lakhs and agreed to pay interest 50% i.e 1960000 as interest. Is this interest allowable a deduction expenses under incometax or is there any limit to claim interest paid amount for proprietor ship. explain