A proprietor of Retail Business, want to purchase a Light Loading Truck for transportation of his trading Goods.

But vehicle invoice issued by Dealer in his personal name and no reference of his firm name is given in the invoice but GSTIN is provided, further a Vehicle loan is also availed in his personal name (due to eligibility issues).

Can he avail ITC of this truck, as this is not under block credit u/s 17(5)...??

I am under impression that he can avail ITC, but just want to be sure.....Kindly help.

IN the first year business of an individual, the turnover is 4 crore, whether he is liable to deduct TDS on interest in the first year?

sir,
i want to convert OPC into Private limited company. for that i prepare Form INC-6, in that they ask for "existing number of directors in the company" and they also instruct to enter mininum 2 no of directors. since it was a One Person Company we have only one director.
what i have to do now for its conversion

Is CA DSC compulsory to file Form 15CA part D or any person can do it with the DSC.

Do we required to prepare e way bill for purchase return when the value of returned goods is above Rs 50000/-

Dear Experts, i am about to get a new sub contract from a contractor of SEZ. The Contractor is asking for LUT number from us to get contract so that services and supply could be tax fee when we raise invoices. Here i want to know that i am having proprietorship firm can i be sub contractor with the contractor of SEZ? Can i apply for LUT or Bond? Also tell me the process by which i could follow it and could get LUT or Bond.

Thanking you in advance

Dear Experts, i am about to get a new sub contract from a contractor of SEZ. The Contractor is asking for LUT number from us to get contract so that services and supply could be tax fee when we raise invoices. Here i want to know that i am having proprietorship firm can i be sub contractor with the contractor of SEZ? Can i apply for LUT or Bond will be needed? Also tell me the process by which i could follow it and could get LUT or Bond.

Thanking you in advance

WHEN CALCULATING CAPITAL GAINS FROM SALE OF LAND OR PROPERTY, IT IS ADVISABLE TO GET A GOVERNMENT REGISTERED VALUER IN CASE THE SAID PROPERTY OR LAND WAS PURCHASED BEFORE 2001. NOW I HAVE A QUERY REGARDING THIS ISSUE. IS IT ESSENTIAL TO GET THE VALUE OF THE SAID PROPERTY OR LAND IN THE YEAR 2001 FROM THE VALUER AND CALCULATE INDEXATION COST OR WE CAN JUST TAKE CURRENT MARKET VALUE (CURRENT YEAR - 2018) OF THE SAID PROPERTY OR LAND FROM THE VALUER AND CALCULATE CAPITAL GAINS WITHOUT GIVING INDEXATION EFFECT ??

URGENT REPLY NEEDED !!

Dear Friends,
My Company is engaged in providing Canteen services( outsourced it from caterers) to the employees.The cost per employee is Rs. 50/- per day .out of Rs. 50/- , Rs. 25/- is borne is borne by the company and balance Rs.25/- is borne by employees.

My query is first the entire Rs.50/- is paid by the company to the caterers and then Rs. 25/- is recovered from the employees by the company . Should this Recovery of Rs. 25/- be treated as( income) from canteen services and should the company be made liable to pay gst on Rs.25/-


Please reply asap

One of our employee works from UAE. He/She uses internet for communicating and fulfiling his/her duties. Can company give him/her Internet Bills Reimbursement ? Will Internet bill reimbursement be tax free in hands of employee as it was used for company use? What is the threshold limit for Internet bill reimbursement?