There are two partners in an LLP which had been incorporated in 2018. The LLP had acquired a property (Capital Asset, say Land) in its name.

Now in 2019, two new partners are introduced to LLP and after few months, the old partners retire. Would it amount to transfer of property or not in such a case?

Dear Expert,
As per notification 22/2019 , Rent a cab falls under RCM .
My query is that

1. We are giving bus transportation for pick up and drop to employee. And we recover nominal amount from employee for providing this service. So we have to pay GST on the same to government also after this notification we need to pay RCM on the same.
So if we pay GST at 5% , are we eligible to take GST benefit on the same (after paying RCM).

Please help

I have a joint bank account with Either or Survivor mandate with my married sister (sister by blood). There is about 31 Lakhs in the account (15 lakhs in savings and 16 lakhs in joint FD with either or survivor mandate).
If I die (I am sick), the bank will make my sister the sole SINGLE account holder and she will come to own the 31 lakhs singly.
I have 2 questions in this regard:
1. Will my sister have to pay ANY TAX on the 31 lakhs (principal amount) after my death?
2. If yes, what will be the rate of tax ?

Snehashish

Sir,

As per Indian Standard , Why will separate Accounting Entry of travel Exps & Hotel Accommadation ?

Any Govt Notification as per Indian Accounting Standard. Please Notification No. detail - If available

What is the Impact of separate entry in Tax Matter?

In our manufacturing plant we have hired 700 nos. of labour for manufacturing purpose through labour contractor and for diwali bonus as per the agreement contractor has raised Tax invoice and charged GST. Invoice amount -50 lacs and each labour been paid by Rs.10000.

Whether GST Will be applicable on bonus in this case or not.

Dear Sir,

We are engaged in Proprietory Business of Electronics Goods. We have Purchased one Commerical Shop and gave on Rent that shop .& Shop is in Personal A/C of Priopriteor .we have purchased shop through Loan From HDFC Bank. Bank has Charged us Franking Charges , Processing Charges. We should debit all this in P& L A/C or we should Capitlised Theses Expenses.Pls Suggest us with correct Answer.

Thanks

Can a student passing ipcc group2 wil be eligible for articleship

I'm a salaried employee paying tds u/s 192b. Is that i'm liable for the payment of advance tax if my salary is 200000 p.m

Dear Sir/Madam,
Subsequent to retirement, the money received on account of Gratuity, Commutation, Leave encashment etc., were shown in the Return as Exempted income . The income was assessed for the Assessment year AY 2019-20. . A small amount out of this retirement benefit around Rs. 10 lakhs was gifted to Spouse and the same is kept as FD in a Co operative Bank. The interest arising for FD goes credited to Spouse's Account.. Now it is sought to submit Form 15 G signed by Spouse in whose name FD is kept for the AY 2019-20.. Otherwise, an amount equal to 10% of the interest received for the financial year 2018-19 will have to paid in the name of Spouse, since no TDS was done by the Co operative Bank. The total income from this FD does not cross even one lakh per year and the spouse is not earning other than this interest. If the clubbing provisions applies, then giving 15G is not possible. What is to be done in such instance. KIndly through some light.

Kindly tell whether service tax is applicable on cleaning services provided by service contractor to nagar Nigam. If applicable, then at what rate.