Sir, my client is primarily a gta service provider in Maharashtra, whereas he is also running a petrol pump owned by a third person in Goa. Further, as per agreement for running the petrol pump my client is entitled for all profits from the operation of the petrol pump after incurring all expenses. Further, my client will pay ownership fee to the owner of the petrol pump as per the agreement. Furthermore, my client is making payment for ownership fee is under section 194ib,

My question is, whether the profit earned as per the agreement will be taxable for gst and if, yes, than which SAC will apply.

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Hello,
Please provide me the HSN Code of Steam.

Regards!
Krishan Verma

Respected Sir,

ITR for the AY 2020-21 has been processed without considering Form 10E. When grievance filed, the department has informed me through SMS that they will issue rectified order u/s 154 expeditiously. But, 41 days passed, no order.

Should I file rectification request on my own or I need to wait for suo moto rectification by the department. I shall be obliged for your valuable suggestions in this regard.

Sir,

One of my friend is running a Proprietary business and he has purchased a commercial vehicle for
his business, through a private financial institution. He is paying regular EMI.
The turnover of his business has crossed Rs. One crore in the last Financial Year ( 2019 - 20 )
Now, should he deduct the TDS from the financial institution for the interest part on the EMI paid
by him for the vehicle loan ?

If so, what about the previous payments of the EMI, for which, TDS has not been deducted.

Pls. advice.

With Regards.

While filing MGT-7 list of shareholders are not attached and in the return column for No option is ticked. Now how reasons are to be indicated in the return separately?
The above return was for subsequent year and not for year of incorporation

I HAVE SOLD A PLOT IN JUNE 2017 HAVE CAPITAL GAIN THAT DEPOSITED WITH BANK OF INDIA IN CAPITAL DEPOSIT ACCOUNT. CAN I PURCHASEN IN JANUARY A FLOOR IN NEW BUILDING AND GET TAX EXEMPTION IN MY ITR 21-22. IS THERE ANY OPTION OTHERWISE TO EXEMPTION CAN U SUGGEST ANY EXPERT IN THIS FIELD IN DELHI HOPE EARLY REPLY

Read more at: https://www.caclubindia.com/experts/investment-of-long-term-capital-gain-on-sale-of-land-2829834.asp

WHETHER PRIVATE LIMITED COMPANY CAN ACCEPTED LOAN FROM HIS DIRECTOR OR DIRECTOR'S RELATIVE?
IF, YES PLEASE PROVIDE DEFINITION OF RELATIVE.

Sir,
1.A retail pharmacy store business dealer estimated turnover Rs:60 lacs yearly. if a dealer new registered applied composite or regular scheme benefit.
2.hsn codes for Kirana and general store .

I have cleared Group1 IPCC (CPT route) Completed years of Articleship. Where to apply for ATC certificate?
Thanks