What are the specific conditions or scenarios under which the REVERSE CHARGE mechanism (RCM) to generator rental service applies under the GST regime.

Also Request you please share the list of items where RCM applies.

I've completed my Articleship Training during March 2021. Due to Covid pandemic, I'm unable to submit Form 108 and after that due to personal reasons it got delayed and now (11.06.2024) I am submitting my Form 108 with Fine. But, my Principal suggests it may be cancelled and I need to pursue fresh Articleship Training again for 3 years. Please suggest me a better idea.

I have a Total Gross Income of 7,69,882? After claiming standard deduction (50k) & professional tax (2.4k) .... Along with 80C (1.5 Lakhs), 80CCD(1B) 50k .... Taxable Income comes to 5,16,882. I am filing ITR for FY 23-24 so no option to invest or something. So what are my options to make it below 5 lakh. After some research I found somethings that are applicable to me but not sure whether i can claim them. Any suggestions would be helpful:

1.> 80D we can claim preventive health checkup upto 5000 that is done in cash. Also I have a health insurance of 1999 so that makes it 6999. But for 5000 can i claim without any receipt? For 1999 I got receipt. Or if not 7000 can i claim a total of 5000(1999 + 3000) though for 300p also i don't have receipt.

2.> Food coupon/ allowance can be claimed under 10(14) (i) upto 26,400. But my employer deducts the food contribution from salary shown in payslip. So can I claim this ? Total amount is 10000

3.>. Also we can claim Internet Allowance under 10(14) (ii) but my employer gives internet allowance named as Other Allowance in payslip. So can I claim that . Its total 6000. Also I donot have bills of broadband.

Please suggest if I can claim any of the 3 mentioned or anything other than theses that i can claim

I am going to sell my flat to buyer. Buyer want to take home loan. Buyer is aksing for property papers. I need certain clarifications:-
1. Should i give him property papers zerox copies or not?

Please help me

Viksa garg

We are a govt. contractor firm and all our bills receive deductions for statutory amounts (TDS, GST TDS, BOCWW Cess, etc.). When reporting gross receipts in the ITR, should we include these deducted amounts in the:

- 'Receipt through bank' column, or
- 'Receipt through any other mode' column

Given that:

- Gross Receipts include deductions (TDS, GST TDS, BOCWW Cess, etc.)
- All receipts are received through bank after deductions
- ITR asks for Gross Receipts, subdivided into:
1. Receipt through bank
2. Receipt through any other mode

Please provide guidance on where to report the gross receipts, including deductions, in the ITR.

I have a Total Gross Income of 7,19,882? After claiming standard deduction (50k) & professional tax (2.4k) .... Along with 80C (1.5 Lakhs), 80CCD(2B) 50k .... Taxable Income comes to 5,16,882. I am filing ITR for FY 23-24 so no option to invest or something. So what are my options to make it below 5 lakh. After some research I found somethings that are applicable to me but not sure whether i can claim them. Any suggestions would be helpful:

1.> 80D we can claim preventive health checkup upto 5000 that is done in cash. Also I have a health insurance of 1999 so that makes it 6999. But for 5000 can i claim without any receipt? For 1999 I got receipt. Or if not 7000 can i claim a total of 5000(1999 + 3000) though for 300p also i don't have receipt.

2.> Food coupon/ allowance can be claimed under 10(14) (i) upto 26,400. But my employer deducts the food contribution from salary shown in payslip. So can I claim this ? Total amount is 10000

3.>. Also we can claim Internet Allowance under 10(14) (ii) but my employer gives internet allowance named as Other Allowance in payslip. So can I claim that . Its total 6000. Also I donot have bills of broadband.

Please suggest if I can claim any of the 3 mentioned or anything other than theses that i can claim

Dear sir,
is it mandatory to disclose form 12BB data (previous employer salary details) in 24Q-Q4 tds return when employee joined in middle of the year.


Thanks in advance,
Thanks & Regards,
Bheema Reddy

Respected Sir , I have not Filled ITR For A.Y. 2023-24
in A.Y. 2024-25 Year Income Includes arrear income for A.Y. 2023-24
can i file Form 10E of A.Y. 2024-25 for Claim Releif u/s 89(1) ??

Hello everyone
I am practicing CA since 12 years. Due to some financial issue I am joining a full time employment. 5 days working. I have my team managing things for me since audit work is negligible.

I had joined a job on professional basis and was able to manage both easily although it was 6 days working job.

This new company is an MNC and have due diligence procedures where they can easily find out and in that case I will be terminated. I have received the offer letter and have not yet joined.

I don't want to loose good additional income from practice by just working 1 day a week. Also in future I have intention to practice but right now job is equally important.


What should I do now ?
I have heard about part time COP but don't know how it can help me ? Whether I can keep my firm name although I cannot perform attest function

Question:
ABC Pvt Ltd company has paid group insurance to all employees (Mr.A).
Mr. A don't have any other health insurance except company provided ,
In this case Employee can claim a deduction up to 50,000/- on Medical expenses.(If Senior
Citizen)

Please suggest whether can i claim or not

Thank You
Sanjay