Our client is a GTA. It is hired by parties in India to transport goods from place of removal to consignee's address in Nepal. The GTA gets payment directly from consignee in Nepal though bank transfer.

As per notification 30/2012 the person liable to pay service tax is person paying the freight. But again if the person is located outside the taxable territory than liability to pay tax is on service provider.

My question is, if the GTA gets payment directly from Nepal, is it liable to pay Service Tax?

Dear Sir,
Suppose an assesse has taken home loan from Bank A in 2010 and also taken home possession in 2010. Then in 2014 due to rise in interest rate he transferred his loan to another bank B.
Now in this regard I have following queries -
1. Whether, still he can take deduction of home loan payment even the loan transferred to another bank and he did not taken benefit of deduction in earliar years..
2. What is limit of principal amount deduction u/s 80 C in one year.
3. What is the limit of interest payment deduction.
Please advise me.

Hie,


Please give suggestion, LLP partner can give unsecured loan to LLP or Not??? If have any rules shared with me.

If a company receives payment from one of its creditors as a form of settlement and closure of accounts then what is the journal entry for the above transaction in the books of company?

Hi,

Please give suggestion, Director of Pvt. Co. Can Give unsecured loan to Pvt. co. or not????

Assessee has received medical reimbursement from his old employer after his retirement amounting to Rs.1,00,000- What is the taxable reimbursement that can be taken? Whether Rs.15,000- is applicable for retired employees also?

Can a relative of a statutory auditor be appointed as the next statutory auditor in the case of rotation??

Please also quote the sections.

Last AY 2016-17, depreciation was disallowed as it was not filled up in the schedule DEP in ITR 4. can it claimed this AY as unabsorbed depreciation?

Dear Experts,

We are manufacturer & job worker & dispatch goods after job work through delivery challan.
My query is that on what document we will charge our job work charges from party?

Please guide me sir.

my client is closing his private limited company in this month. so i will have to prepare two finanical statement i .e., ending march 2017 and the other may 2017..am i right?? also what reports should i need to give in case of closure of company along with balance sheet??