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Shubham Khurana
08 June 2024 at 18:06

Midjourney

Bought Midjourney in India tax to be pain in reverse charge basis, how much GST is applicable on the bill


VIKAS KUMAR SHARMA

Sir one of my client previous year 2023-24 turnover was Rs 1.65 cr and now in just 2 months he made supply of Rs 90 lac this year 2024-25 turnover will be approximately above 3 Cr
should we need to change frequency of GSTR 1 quarterly to GSTR 1 monthly ?
or will it change automatically when required?


Subhendu S Sanyal

I am a shareholder (Resident of West Bengal) of NDTV Limited (Regd Office - New Delhi). I requested copies of the following Statutory Documents & Registers permissible u/r Companies Act, 2013 r.w rules framed thereunder either online electronically / physically at my address :

1 .Details of compensation, remuneration of employees as per Section 197(12) of the Companies Act, 2013 read with Rules 5(2) and 5(3) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 as referred to in Annual Report for FY 2023 -24

2 . Register of Directors and Key Managerial Personnel and their Shareholding maintained under Section 170 of the Companies Act, 2013, the Register of Contracts or arrangements in which Directors are interested under Section 189 of the Companies Act, 2013 - as referred to in Annual Report for FY 2023 -24 

However , as per response in below link the Company Secretary is blatantly refusing to furnish copies of above statutory Documents & Registers u/r Companies Act, 2013 r.w rules framed thereunder merely because I am physically geographically located at a different state/UT as that of the registered office of the company.  She is tacitly asking me to travel from West Bengal to New Delhi in a pre determined date in order to gain copies of access of the above documents.

It is pertinent to note that Section197, Section170, Section 187 and the proviso specified in Rules 5(2) and 5(3) of the aforesaid rules and Companies Act, 2013 nowhere restricts furnishing of aforesaid records only for shareholders who are in same state/UT in the registered office of the company. Consequently for outstation shareholders the aforesaid records must be either furnished electronically online or to my registered address

Kindly please help regarding future course of action

NDTV Response - https://drive.google.com/file/d/1JKmOskTNpFvb1tQZhVEo7vc4L0URaStB/view


Ecstasyvio

Builder wants to pay delay in payment, interest in form of hardship compensation. so what is the tax treatment on this?


Rosario Melvin

I have taken a specific loan for constructing the body of Heavy vehicle. Can i capitalize the interest of loan, if the vehicle is constructed and put to use within 12 months?

Kindly rectify my query, it will be grateful. Gratitude in advance.


MAKARAND DAMLE

For FY 23-24 TDS @ 20% is not applicable in case PAN is not linked to Aadhar. Till 31st May 2024 this relief has been given

My question is
If PAN is not linked with aadhar till 31st may whether liability to deduct 20% will arise for FY 23-24 for the same deductee ?


SANGEETA JADHAV

What is the tax implication on transfer of property within blood relation via gift deed or conveyance deed ?


new era nirman
08 June 2024 at 09:22

ABOUT INCOME TAX TREATMENT

My income comes from tuition is rs 3lac annually. I have invested 15 lakh in shares. I want to invest 40 lakh. How do I show it in income tax?


Brijesh Sharma
07 June 2024 at 22:27

Gst on hotel bills

if some one have turnover less than 20 lakhs , is running hotel will per day bill 2200 ,will leiable for GST payemnt ??


Narendra JR

As per Income Tax Act Section 56(2)(X), Gift Received from Relatives Exempt from Tax. Relative Definition expressively include "Aunty" as Relative.
So, the Gift from "Father's Brother's Wife i.e. My Aunty" to "me" is Exempt but Whether Gift from "Grand-Father's Brother's Son's Wife i.e. My Father's cousin Brother's Wife i.e. My Cousin Aunty" to "me" also Exempt?

Is "Linear Ascendant" include "Cousin Brother and his Wife" as Relative of "me"?

Can Anyone give me exact meaning of "Linear Ascendant"







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