Dear Experts,

01. Could you please the difference Section 50 and Section 54F of the Income Tax Act, 1961.

Hi All,
A Listed company has an accounting policy as follows.
"Expenses more than 1Cr are only considered as prepaid and amortized, all other expenses are charged to P&L."
Is this allowed ? If so, do we have a reference in any standard or guidance note ?

I am filling form 26QB for TDS on sale of property. I am individual and purchased flat from Godrej (Company). While filling form 26QB it is automatic taking major head as 20 (Companies) instead of 21 (Other than companies). Please guide what to do.

Sir,
If a professional income it person account records up to date f.y.23-24. some dates cash shortage (nagative) show in books.
Question:
How the procedure source of cash generated (nagative) adjustment in books.

Is interest or late fee paid to state excise department is an allowable expenditure u/s 37 of the Income Tax Act, 1961. If so, are there any relevant case laws in favour of the assessee.

One of my client has hired skilled and semi skilled employees on contract basis and these employees are on payroll of client only. Employees are receiving benefits as per employee-employer relationship like PF, ESI and other allowances as well. Under which section TDS should be deducted? and if there is any judgement in this regard

Hi! I have a gst number which i took this year on April month for ecommerce business. But now i want to register for cancellation as from last 4 months i have no sales and i am closing my business. I have filed all returns including NIL return. But I have credit ledger balance in my account. So Please suggest can i register for cancellation or not? what should i do now. Also i have some stock left.
Thank you.

Hi,

I have a query. If a NRI who is a resident of a country with which India has a DTAA agreement, offers his professional services to an Indian company, is it required for the Indian company to pay 10 percent TDs as per 195 section of DTAA? Can the NRI pay the entire tax in the foreign country instead and avoid TDS in India? What forms should he submit for that?.

Thank you,
Kreeta

Hello Expert,

MIDC has issued invoice for transfer charge with GST @ 18%, here can we eligible to claim GST input on said invoice. ??

Please guide with notification/circular & law base.

1- IN FY 2018-19 I DECLARE INPUT TAX AFTER LESS DEBIT NOTE GST VALUE IN 3B , NOW ASSESSEE OFFICER DENY FOR DEBIT NOT GST AMT AND ASK FOR PAY TAX , IS IT OK , CAN HE DENY FOR THIS INPUT REVERSAL AGST.D.NOTE AND ASK FOR PAY TAX . IF ANY VIEW OR NOTIFICATION OR JUDGEMENT PLEASE SHARE,
GST ON PURCHASE INPUT 1000/- FOR A MONTH JULY-19
GST ON DEBIT NOTE 200/-
NET VALUE I DECLARE IN GST IN COLUM 4A OF 3B = 800/- INPUT

2-I PURCHASE MATERIAL FROM DELHI HE ISSUE BILL TO ME AFTER LESS FREIGHT 5000/- AND I PAY THIS FREIGHT TO TRANSPORTER IN UTTARAKHAND, IS RCM APPLICABLE ON THIS FREIGHT ?