(A) Software is purchased as a
(1) perpetual licence, which does not require renewal; for example, Windows 10, Microsoft Office (not Microsoft Office renewable licence)
(2) initial purchase of licence for defined period and then its renewals (say, one / two / three years); for example, Antivirus
Whether TDS is deductible in above cases?

(B) In GST invoice, some software sellers classify software as goods by using HSN code(s) and some others classify it as services by using SAC code(s). Whether such classification under GST can be linked to TDS deduction requirement stating that if software is classified as goods, TDS is not deductible and if it classified as services, TDS is deductible.

Request all of you to give a detailed reply.

sir, i have a doubt, one of my client's father received lump sum amount after retirement , can that proceeds be used for repaying son's home loan?

My Client does Trading in Future & Options and the Turnover as per Income Tax Act is below 5 Crore and has Loss of around 1.25 Lacs & also after considering other Income the Total Income does not cross the Maximum amount chargeable to Tax.


So whether Audit is required under Sec 44AB or I can file ITR 3 with normal books of accounts Case

We have made credit sales of Rs196500/ during FY 2015-2016.Now the party wants to give the full payment in cash. Can we accept cash now from the party? Pl advise.

I HAVE TO DOWNLOAD AN INVOICE OF APRIL 2021...HOW TO DOWNLOAD IT FROM E INVOICE PORTAL?

This provision is applicable for all contractors or there is limitation of turnover also.
contractor means - transporter, freight forwarders, clearing agents

NAMASKAR, I AM AN ACCOUNTANT FOR AN TAX AUDIT BUSINESS INDIVIDUAL BUSINESS.. THE COMPANY IS UNDER TRADING OF EDIBLE OILS AND GHEE ETC. THEY RECENTLY RECD AN E INVOICE WITH A DISCOUNT OF RS.103050/- IN THE INVOICE ITSELF.
WHETHER WE HAVE DEDUCT TDS ON ON THIS AMOUNT EARNED I.E. RS. 103,050/- WE WILL BE THANKFUL .

Sir,
A doctor running a private hospital purchase of new equipment large amount value 50% down payment remaining balance some(24 installments) pay procedure.assess accounting books maintained for cash system
Question:
1.assess purchase of equipment value based on invoice (equipment full value)or pay 50 percent value entry passed in books and depreciation claim full value or pay value allowed in it act.

Dear sir,
If Composition dealer want to cancel his GST Number Because his Turnover is Below Threshold Limit So in That case Whether Taxable Person is Required to Pay Amount @1% on stock which is held as on date of Cancellation ? and Any Closing Stock Details need to Be mentioned in while filling for cancellation?

SIR
I HAVE A PETROL PUMP AND RECEIVING RENT FROM HPCL COMPANY RS 8820.00 AS BASIC RENT FOR LAND PER MONTH AND COMPANY IS PAYING NO GST ON THIS AMOUNT, NOW I WANT TO KNOW THAT SHOULD I HAVE TO PAY 18% GST ON THIS AMOUNT TO THE HPCL COMPANY IN GST B2B RETURN AND MY TOTAL LUBRICANTS SALE IS NEARY RS 100000.00 (ONE LAKH ONLY) PER ANNUM.
PLEASE GUIDE ME.
SAIYAM