Hi Expert,

We are in planning to sale our MIDC leased land to other on Rs. 15 Cr. In this case there are transfer charges of Land & GST is applicable on this transfer charges, here our question is that we have to pay GST on 15 Cr or not.

Thanks in Advance.

Dear sir,

I have to serve 4.5 months of extension starting from Jan 15 2025.
However i have to appear for CA Final May' 25 attempt which will be my second attempt. If I continue to finish my extension i wont be able to appear in May' 25 . So I have applied for 2.5 months leave from Feb 15. I will have been completed 1month extension out of the 4.5months resulting in 3.5months yet to be served. My confusion is whether after coming back from my exam leave i have to serve:
1. Remaining 3.5months only or
2. 3.5 + 2.5month(Leave taken for may'25) = 6months

TDS is required to be deducted on foreign remittance for purpose code s1502 and recipient is in Czech republic country?

If a MSME vendor for reasons of negligence/ignorance forgets to claim interest on delayed payments, can we as a buyer reverse the provision we made for Interest and if yes when?

An NRI assessee did not file return.Notice u/s 148 issued in response to which return was filed and tax of Rs 99000 after deducting TDS
was paid.In assessment return was accepted in toto without any addition.Can penalty for concealment be levied? Please give reference of some case laws.

I, SALARIES EMPLOYEE, ALREADY FILED INCOME TAX IN OLD TAX REGIME FOR FY.2021-23. FOR THE SAME FILED UPDATED INCOME TAX RETURN IN NEW TAX REGIME -
IS IT CORRECT
CAN I CHNAGE TAX REGIME IN UPDATED RETURN RELATED TO SALARY EMPLOYEE

If i am doing purchase sale of tax free item in market yard and receiving 1.5% commission on it then is it liable to pay gst on it.?

Hello Sir,

Can a person make payment to vendor from his savings account, if he is proprietor. Please advise.

Thanks
Gurvinder Singh

If i am doing purchase sale of tax free item in market yard and receiving 1.5% commission on it then is it liable to pay gst on it.?

A Ltd from India is importing materials from its holding company in Italy. The clearing and forwarding charges is paid by Holding company from Italy. In the invoice of Clearing & Forwarding gst is charged. Clearing & forwarding agent is using GST Number of A Ltd, so ITC is also reflecting in 2B. Since the since A Ltd have not paid the clearing and forwarding charges , unable to claim the ITC on that amount.
Kindly suggest if two BOEs are prepared one for clearing and forwarding charges and another for reimbursement of gst expenses whether ITC on then can be claimed ?
Or there is any other way to claim the ITC ?