Vijay Mishra
16 March 2024 at 10:37

CTC Calculation - Gratuity Issue

Respected Seniors,
Greetings !

I have joined a company, and as per CTC, a certain amount as Gratuity component is also included. Every month there is Gratuity & Bonus included, but not paid with salary. As per my knowledge, I am supposed to received full CTC amount after completion of 12 months (subjected to deductions). If i am not getting this Gratuity amount every month, I must receive this amount at the time of leaving this company, as company has already deducted this from my Salary. But company is saying, you will get it if you leave company after 5 years only, otherwise it will be forfeited.

Please advise.

With best regards,


Dharam Pal
07 August 2024 at 16:11

Part time job income


Sir My Income from Interest on FDR Rs. 5 Lakhs approx and Income 200000.00 capital Gain and 30000.00 annual from accounts work for filling of G S T Return etc. please advise the amount of 30000.00 may be shown in Salary Head in Income tax Return and file return in ITR-2
Thanks
Dharam Pal
Mob. No. 9810600330


sudhir ch. saha

Sir,
Very recent I have sold a land property . Is there any income tax involvement ?
With regards,
Sudhir Saha


Heena Ghag

Capital Assets/ goods input is completely taken during the combined service and reversed within the next 60 months. Currently providing services that are fully taxable, so it's important to determine whether the capital input credit needs to be reversed throughout the reaming period.
Kindly give advice and suggestions regarding the right way of reversal input credit.

For example, capital assets purchased in 2018–2019, input took in full, and reversal credit in the next 60 months .we are offering combination services until FY 2022–2023 and completely taxable services starting in FY 2023–2024. Can we liable for input credit reversals for capital assets during the Remain period?

Thanks in advance for your valuable suggestion


T.N.Reddypro badge
07 August 2024 at 16:11

Genral in income tax

Sir, for the Asstt.Year 2011-2012, one of the advance tax payment was not given credit while processing the ROI under 143(1), hence, there was a demand to that extent. We have raised the Grievance to the extent and in the resolution we are informed that “ you are requested to file the rectification application along with supporting documents for taking necessary action” is what the massage received. When we check the same in the income tax portal, no such enabling option is made, so, now what to do ? or do we have to make an application in manual to the Jurisdictional Officer or how to proceed sir.


Anand Ghadge

Capital Assets/ goods input is completely taken during the combined service and reversed within the next 60 months. Currently providing services that are fully taxable, so it's important to determine whether the capital input credit needs to be reversed throughout the reaming period.
Kindly give advice and suggestions regarding the right way of reversal input credit.

For example, capital assets purchased in 2018–2019, input took in full, and reversal credit in the next 60 months .we are offering combination services until FY 2022–2023 and completely taxable services starting in FY 2023–2024. Can we liable for input credit reversals for capital assets during the Remain period?


Aditya Ghatge

Dear Sir,

Request you to kindly let me know what shall be the applicability of GST and TDS on Grampanchayat.

Awaiting for your kind reply.

Warm Regards,
Aditya Ghatge


Hemendra Shah
15 March 2024 at 17:38

Petition u/s 264

Procedure for online application u/s 264


Avinash Jeevan Dsouza
15 March 2024 at 17:10

E WAY BILL FOR RENTAL MATERIAL

PERSON "A" IS ENGAGED IN THE SERVICE BUSINESS AND THE PERSON GIVE CONSTRUCTION MATERIAL ON DAILY RENT. FOR EXAMPLE 100 SHEETS FOR 2.5 + 18% GST PER DAY. THE NUMBER OF DAYS WILL NOT BE KNOWN. DEPEND ON THE SERVICE RECEIVER.

NOW IN THIS CASE HOW THE EWAY BILL CAN BE RAISED

PERSON A, WANTS TO MATERIAL FROM ONE TO ANOTHER WHICH IS 50KM FAR

HE WANTS TO SEND 10,000 SHEETS

E WAY BILL CAN BE RAISED BASED ON DELIVERY NOTE

CAN WE RAISE ZERO RATED DELIVERY NOTE AND RAISE THE E WAY BILL, AS WE DO NOT KNOW THE EXACT AMOUNT?


MAKARAND DAMLE
15 March 2024 at 16:49

Form 26QC TDS on Rent

While online filing of Form 26QC FY 2022-23 was selected instead of FY 2023-24

Can the above error be amended online by way of logging in tdscpc portal ?





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