If the supplier of Goods (located in Gujarat) on the request of Buyer of Goods (located outside India) provides the delivery of the goods within India (Maharashtra) on payment of applicable IGST at the prevailing rate then whether the Supplier of Goods can receive remittance on such goods in Foreign Currency? And the Supply of Goods shall be considered as deemed export or Inter-State Supply?
As per the Bank instruction the supplier of goods can not accept such remittance in foreign currency by declaring as Export as it shall be considered as Domestic Supply.
Kindly resolve my query as soon as possible.
If Raw material import from Singapore on DAP (Delivery at place) basis. than whether TDS Liability on Material cost as well as on custom duty and transport also?. Please suggest.
Please let me know the benefits for registration u/s 12A/12AA of I T Act, 1961 for charitable trust. Also clarify regarding consequences for non registration u/s 12A/12AA . If the trust is already registered u/s 10(23AAA) of I T Act, 1961 and claiming exemption under this section, whether trust can register u/s 12A/12AA.
Kind request to clarify the above points..
I have old gold about fifty year back no bills.about 100 gms.
If I sale now , what will be treatment for capital gains tax.
One I.t. person incomes for the finicial year 2018-2019 mentioned.
1. Net profit as per p& L account Rs.280000/-
2. Cash credit by capital account Rs.100000/-(un explained income).
Taxable income Rs.280000/- or 380000/-
And Rs.380000/- tax pay slab rate applicable.
DEAR SIR,
MY NAME IS KUNAL SHARMA I WANT TO ASK CAN WE FILE INCOME TAX RETURN FOR LAST THREE YEARS. TILL NOW.
PLEASE SUGGEST ME.
Please provide the link to get duplicate copy of the Articleship completion letter.
One of client don't exercised the Annexure IV and what are the if not exercised the old or new scheme in real estate,where he is not willing to take ITC,for ongoing project of apartment before 1-4-2019 he has to pay old regime or new regime. And for landowner share flats also to pay by the builder before NoC.
Respected Sir / Madam
can i claim Loan Processing fees as Interest U/s 24 under income from house property??
because Section 2(28a) defines the term interest as 'interest payable in any manner in respect of any money borrowed or debt incurred (including a deposit, claim or other similar right or obligation)'
Case study : Mr X sold his house to Mr Y for which he received payment by cheque (equal to circle rate) and balance in cash. Mr X deposited cash in bank for which he got notice from IT department to prove source of cash deposited. Mr X in his reply to IT department declared the cash deposited in bank as proceeds from sale of house and paid tax liability to on the same. Department now sent notice to Mr Y demanding the source of cash paid to Mr X. Mr Y denied payment of any cash to Mr X and no cash was withdrawn from Mr Y's bank account that could prove cash payment by Mr Y. What are the possible options left with IT department to prove cash paid by Mr Y is black money?
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
IDT LIVE Exam Oriented Batch | May 2026, Sept 2026 & Jan 2027
Receipt of For. Curren. where place of supply is in India