Hello All,

We are a premier institute of Technology of National importance. we developed an online course that will be offered by a Research associate from Auckland university, Newzealand. In addition to course, the research associate shall also develop experiments in embedded systems and work on joint research with our institute. The research associate was engaged for 6 months period. The term of Payment was that amount will be paid to the University of Auckland.
we have now received an invoice in NZ dollar for 28,700 raised by the University of Auckland. Please guide us w.r.t to remittance to a Non-resident university in compliance with section 195, DTAA and rule 37BB.
Queries:
1. Whether amount is chargeable to tax under provisions of the Act?
2. In whose hands is it taxable? The University or Research Associate?
3. If the amount is deductible then at what rate?
4. If amount is chargeable under the provisions of the act but DTAA exempts such payment from Tax in India, then which part of form 15CA is required to be filed?whether (part B or Part D).

Whether the maturity amount received for a life insurance policy (policy term 7 years; sum assured Rs.2.5 lakhs; premium paid Rs.4.2 lakhs @ Rs.60000/- p.a.; maturity amount Rs.4.36 lakhs)qualifies for exemption under Sec. 10(d) of IT Act? If NOT, what is the tax payable on the maturity amount, whether any concessional rate or at normal rate? Pl clarify. Thanks.

D V SEETHARAMAN

Companys name has been struck of from register of companies and is dissolved.
What is the procedure to revive the company and can it do so in same name.
What are the formalities and documents required for the same

A person has provided event related services to supplier and invoice has been raised now recipient is not making payment after several reminder what kind of remedy(s) available to the supplier to received their payment .
I want to know about TRACES can recipient upload his invoice on traces to get their money if recipient registered on TRACES

Dear Sir/Mam,
please guide.
What is turnover limit to mandatory maintain books of account ?

I tried to find on google also but didn't get any positive answer.

Thanking you in advance.

we are looking to start Restaurant cum canteen. In which we will have seating arrangements with ac and will server Snacks. Another thing we will also going to server Fixed Lunch Pack and will also deliver Packed Lunch to Offices and outside stores and home. Should we get registration Under 5% No ITC ? or we have to take it under 18% regular Registration? Please Advice.

Dear Sirs,
I have taken input tax credit of cgst and sgst of rs. 9225/- in the month of april-19.Now how shall i revert the same in GSTR3B.
If I revered the same how much interest i have to pay. Please give your valuable advise as i have to file gstr3b by 20th of this month.Thanks in advance,
K.B.Nagesha Rao
9448826793

DEAR SIRS :: My client has crossed sales of Rs.ten crores for financial year 2019-2020 so they come under this category of TCS.... one debtor total sales as on 31-08-2020 including GST is Rs.54,07,529.00. I have to deduct and deposit TCS on 54,07,529.00 - 50,00,000.00 = 4,07,529.00 at 0.75 percent = Rs.3,056.47 "OR"
there is an exemption that no TCS on sales made till 30-09-2020 and thereafter 0.75 percent . Secondly TCS to be calculated on NET sales amount or Sales + GST .....PLEASE CLARIFY.... Regards

Is it possible to download MOA and AOA from MCA portal

aN ASSESSEE WHO MET WITH AN ACCIDENT AND RECEIVED 1800000 AS COMPENSATION WHICH INCLUDES 350000 AS INTEREST . HE IS IN COMA STAGE. I WANT TO KNOW TAXABILITY FOR ASST YEAR 2019-20 WITH REGARDS TO INTEREST ON COMPENSATION & COMPENSATION RECEIPT. ALSO FOR INTEREST 50% DEDUCTION IS AVAILABLE U/S 57