if subcontractor provider services to Main contractor in SEZ , Does the subcontractor need to pay GST or it can also shows the supply as Nil rated like the main contractor.
The proprietor has one running business having EPF and ESIC registration; now he with to start a new firm [ proprietary firm ], with a new name, which he'll run along with his previous business [ also a proprietary firm ]. Since he will keep separate firm name for his two types of business he want to take new registration of EPF and ESIC for his new firm. My query, is it possible to took separate EPF - ESIC registration for his new business as PAN will be same for both of business. Please suggest and thanks .
I have taken under-construction property and both the seller name is there on the property assignment but only one seller has made the payment. I am transferring amount to one seller , Should I take NOC/Affidavit from seller in this transaction ?
Bank is ready to disburse loan on one seller name and just asked to drop mail to bank manager from the seller emailId.
Where a Non Resident buys Immovable Property (situated Outside India) from a Resident of India, Whether provision of TDS u/s194IA will be applicable? The plain reading of this section does not specify the location of property and thus seems to be applicable. But practically, how the provision of Income Tax can be enforced in such cases?
Partnership Firm Sold P&M and Factory shed (on Which No Depreciation has been Claimed Under IT Act)
Assesse Shows Income in P&L under Indirect Income Head
My Query is :-
1) Whether it Will be Covered under Section 50 (STCG) or LTCG Will Arise ?
2) While Doing Tax Audit Net profit in Point No .40C will Taken Inclusive of Gain Profit on sale of fixed assets or To be Excluded?
Dear Sir
My Assessee purchases one property , the sellers are .
Seller 1 Resident (mother)
Seller 2 NRI - son
Selller 2 NRI - daughter
Both the son & daughter have given power of attorney to their mother for sale of property.
My client purchases the property and pays the entire amount to the mother who is holding the power of attorney
In this case do we have to file form 15ca if we pay full purchase consideration to NRIs power of attorney
Kindly advice
Thanks
TDS charged by bank on FD sweep in interest received @ 10% .how should pass the entries .
Institution fee collected such bus fees , tution fee from primary , highschool & College can I create separate ledger nd post the receipts instead of using cost center.
Sir,
Is it mandatory to file Form 9 for the FY 2017 - 18 to 2021 - 22 by a tax payer whose AATO is less than Rs. 2 crores ? Because, some of my friends have not filed Annual return since their annual turnover for the above mentioned period has been less than Rs. 2 crores for each year.
But now, they have been advised by their friends that, they should file the annual return for all
the financial years from 2017 - 18 onward, before 31st of Aug, 2023 by availing GSTN's amnesty scheme. Is it true ?
Pls. advice.
Dear experts
Kindly Let me know what is the Meaning of Turnover for the purpose of Tax Audit u/s 44AB
Whether Debit Note considered for GST Returns be included in the above Turnover?
Thanks in Advance
Hi,
I have created an HUF account with my wife and kid. Now I want to know how can I generate income. From what I have read, gifts from relatives upto 50k is only allowed. But this is very small amount per year.
If the karta or any member add money to HUF account, then the gains will be taxed to the karta as per clubbing provisions. Then how do I build wealth in HUF account?
-Patil
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
GST for Subcontractor