Dear Sir,
what is the entry for freight provision, if we need to deduct freight amount due to freight bill not available with purchase invoice.
And when we received freight bill.

Hi, as per my understanding interest on the housing loan taken from family and friends can also be claimed under s24 as a deduction st limit of 2lacs. However an interest certificate is needed from the person from whom loan is taken. Can you please advise how this certificate can be obtained?

SOME HAS GOT NET AMOUNT OF RS 21 LACS ON ACCOUNT OF SALE OF FLATS AS AGAINST WHICH NO EXPENSE CAN BE CLAIMED. SIMULTANEOUSLY OUT OF 21 LACS THERE ARE SEVEN PARTNERS EACH DRAWING A SHARE OF RS 3 LACS. Now the question arises whether each 3 lacs is shall be taxable or not ?

If I purchase goods Vehicle for business can I take get set-off

sir,

Experts, our company is taking service from other company for die cutting of paper. basically it is our service purchase But In the Bill it comes to US written of HSN CODE :-8442 .Now my question arises did I deduct TDS on them or not.if yes why and if not why .pls clarify my doubts.

Sir/Madam
Kindly provide guidance
For AY 19-20 a belated returned was filed. By mistake loss of current year was shown as carried forward loss.
Intimation under Section 143(1)(a) has been issued requiring a revised return to be filed.How can loss of current year be shown in revised return so that it is not carried forward.
Thanking you in advance.

MY CLIENT IS HAVING ONE TANKER FOR THE PURPOSE OF TRANSPORTATION OF PETROL AND DIESEL FROM HINDUSTAN PETROLEUM CORPORATION TO HIS PETROL BUNK AND ALSO FOR THE OTHER BUNKS CAN HE PAY GST ON HIRE CHARGES RECEIVED OR IT IS EXEMPTED SERVICE PLEASE CLARIFY

My client is a body corporate and they received Security service from Partnership Firm. hence, the RCM provision is applicable. but My Client and partnership firm was unaware of the RCM provision. so, Partnership has charged GST on Invoice and my client has paid the same. Partnership has also file return and paid full GST and that ITC is showing in my client 2A also.
Please suggest do we have to rectify this mistake by again payment of GST under RCM or it is already filed so no need to do anything.

Dear Experts

There is a change in the royalty definition in the budget 2020 which includes now the sale of cinematagrophic films also. So will this apply to Section 9 , the intended section only or will it apply to Section 194J (tds section also,as they both have the same definition)

Any employee purchase TV in Feb 2020 (FY 2019-20), and submit the bill to employer (Bill date 14.02.2020), now employer follows the procedure & expected to pay amount to him in April 2020 (FY 2020-21), now for calculation of Tax on perquisite, which financial year for employee should be considered.
i.e. FY 2019-20 (Purchase by Employee & submitted to Employer)
or FY 2020-21 (Reimbursement by employer to employee).

Also tell weather employer needs to create provision on March 31 or not.