Hello Dear Experts,

I have query in Prevention of Money Laundering Act,2002-

Section 12 speaks about Obligations of Banking Companies, Financial Institutions and Intermediaries- and it is stating that Reporting Entity have few obligations to comply with.

My query is- Who are all the Reporting Entity here.

As per definition of Reporting Entity in PMLA 2002 - It includes - Banking Companies, Financial Institutions, Intermediaries or SPECIFIED BUSINESS/PROFESSION.

So do these obligations and the penalty that director can impose for failure to comply with obligations for Reporting Authority applicable to Specified Business/Profession as well.

Please advice.

Thank You

Dear All,

Is it possible to generate a multiple invoice with value below 50K to a single firm on a single day?

Request all to provide your valuable solution for the above.

Thank you
Chakravarthy

MY CLIENT HAS MADE WORK CONTRACT WITH COMPANY TO INSTALL SOLAR PROJECT ALONG WITH MACHINERY
I GOT FIRST BILL FOR MACHINERY & MATERIAL APROX 1.60 CRORE
AND SECOND BILL ONLY FOR INSTALLATION AND COMMISSIONING OF RS. 55.00 LACS
PLEASE CLARIFY THAT WHAT RATE OF TDS TO BE DEDUCTED AND ON WHICH AMOUNT TDS TO BE DEDUCTED ON WHOLE OF THE AGREEMENT VALUE OR ONLY INSTALLATION AND COMMISSION AMOUNT ?

On my retirement I have drawn the full amount from NPS as the corpus is below Rs. 200000/= Please let me know the liability of income tax in this respect. I presume only 40 percent is taxable as per latest amendment. Kindly respond.

Hi,

Please solve My Query
Royalty received on performance by artist from out side India whether is it taxable or not under GST?
consideration recd in foreign currency shall i consider export of Service ?
if yes then we are going to without payment of IGST (LUT allready Filed) is it correct?
what is HSN code

sales returns applicabe for gst rate will be purchase gst rate

A person new business DTH new connection and recharge SAC code.no.998465(direct to home services-easy recharge and activation) regular sceheme registered in gst act.

How to filed producure of gst returns and taxation .

I am ca intermediate student

When an immovable property in India is being sold by an NRI exceeding the value beyond Rs. 50 Lakhs, is the buyer in India, who is paying to the NRI the sale proceeds in Indian Rupee after deducting TDS, is liable to fill up Form 15CA.

IMPORTANT AND URGENT!!
Can we take Input Tax Credit of GST for insurance premium paid on Workmen Compensation Policy for a Private Limited Company??