I received advance of Rs70 lakhs in july 2020 against sales and returned full advance in November 2020.My turnover last year was more then 10 crores. Am i liable to deduct tcs after october 2020 for above transaction. Please advise in details.

Dear Sir's

I have recieved cash and stocks (Jewellary) from our Partnership firm after retiring . Please advice me the taxability of such proceeds . Waiting for your reply.

Thanks & Regards

Sir
I wanted to take transfer ( within 1 year ) . If I rejoin after 4 or 5 months do I need to pay fine ? Or it's regarding after submission of 102 form?

Sir,
A sec 44ab audit return filer salary and bonus paid to worker Rs:9000/- and Rs:9000/- same date (31-03-2020)cash mode allowed in I.t. act.

Dear sir,
I am a retired person having only interest income from fixed deposits and some capital gains from stock market. I am incurring some expenses like transportation, mobile bills etc. for maintaining my fixed deposits. Can I deduct these expenses from the interest income of fixed deposits while calculating tax payable ?
Thanks

Sir
One Assessee engaged himself in the construction work of residential building , after completing the house he proposed to sell the house for Rs.50 00 000 /- what is the rate of GST ? What HSN /SAC code is applicable .How can he avail ITC ? please explain . This is for your kind perusal.

Thanking you

With Regars

S M basha

Hi all, one of client ( sole Proprietorship ) doing business and he purchased one immovable property ( Building ) for both the purposes of personal and business and also in near future he want to sale the property then at the time of sale what is the GST implication if he treat the property as business asset ? or if he treat the property as personal asset then what is the GST implication ?

Whether GST is applicable on sale of immovable property used for the business and claiming depreciation ?

Hi,

I wanted to ask is there any exemption of income tax on export of software services?
I have registered a company and many of my clients are based outside india.
What are the ways software companies can get excemption on income tax doing just export.

Please suggest!

Regards,
Anubhav B

Dear Expert ,

We are service recipient. we are liable to discharge liability under the RCM against payment made in advance to GTA and Advocate.

kindly guide us Whether it will be shown in GSTR-1. Advance receipt is given for FCM not for RCM

Thanks & Regards
Prem Chandra Thakur

I am unable to pay Membership Fees on self service portal.
COP status is showing inactive.
I have raised a ticket regarding the same.
What is the procedure for payment of Membership Fees in this case