Sir
Please let me know the sale of MEIS Licence is liable to reverse GST during the year 2018-19. The same is exempt sales. Please give any circular/notification in this regard favoring the Assessee.

Dear Experts
G Mrng all as we printed id cards & purchased rope for the same (with company name on rope). now the supplier provided bill for Rs 52,000 (for id Rs 2,500 for rope Rs 49500) and he is also a unregistered person. My question is does TDS applicable on the above or not. If applicable means, do I need to deduct 1% of TDS on rope cost or have to deduct on total bill value

Respected,

The assessee had opened a "Capital Gains Account" with the Bank of India a year ago. Now he wishes to start construction of the residential house and therefore wants to withdraw from the capital gains account. Assessee is going to construct the building by himself (no outsourcing to the contractor).

However, the bank says that the assessee must produce "Proper Invoices" (by which they mean - GST Bills). Even officers at the zonal head office say the same.

However, since the assessee is constructing on his own, he would be unable to submit gst bills of labour charges since most labour would be outside of GST purview due to various reasons. But nobody at the bank understands this.

Can somebody provide anything which can help the assessee set aside - "GST Bills" rule?

Please guide. Thanks.

SIR

I WANT TO SELL MY LICENCE UNDER RODTEP IN EXPORT OF RS. 108000/-.
CONSINGEE IS ASKING ME TO RAISE INVOICE OF ABOVE SAID AMOUNT.
PLEASE TELL ME THAT WE HAVE TO ISSUE GST TAXABLE INVOICE FOR THAT.
IF YES, PLEASE TELL US THAT HOW IT WILL BE EWAY ONLINE AND UNDER WHICH HSN CODE.

AWAITING YOUR RREPLY.

THANKS


KAPIL BHATIA

Dear Sir/Madam,

When we are dealing with the party which is our Debtor and one party is our Creditor, then whether we can set off the balance of Debtors against Creditors or vice versa? Please reply as early as possible.

Please note that both parties (Debtors and Creditors) are not related to each other, but they are agreeing for adjustment and can we assign our debtors to that particular creditor.

Regards
Anuj

Dear sir,
Let's me know whether company have right to hold PF fund of resigned employee .
Once of my friend says the company not show such person resigned from office In EPF Portal ,so that he can not withdraw fund from PF .
please advice if any document need to submit by company for releasing pf account of resigned staff.
With regards
Binu

Sir/Madam my account has deducted TCS on Total sales of 75,00,000/- and filed the return but I came to know that TCS should be deducted on 75,00,000-50,00,000=25,00,000/-... Is there a problem???? Kindly reply..

Sir
I would like to clarify some doubt regarding Income Tax on Sale of Immovable Property by NRI

Mr Elango is an NRI sold an Immovable Property in 2022 for Rs.95 Lakh which was bought by him through his NRE Account in 2009 for Rs 15 Lakh
Whether the above is taxable @ 20% without any basic exemption Limit as available to Resident ? or he can claim Basic Exemption limit which is not taxable ?

Further Form 15CA is enough or 15CB is required to submit while transfer the Proceeds to NRE A/c?
What rate of TDS will be applicable to NRI whether 20% with Surcharge, Education Cess or Flat rate of 20% only?

Can i serve my extension period under different principle ? if yes then what will be the consequences and procedure of doing so ?

Hello sir ! I recently applied for pancard to update it from minor to major, all the required documents are submitted through onlie e-pan application. The problem is I have entered mistakenly my temporary adressess for communication. They mailed me as:
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Dear Sir / Madam,

We refer to your abovementioned application & PAN application documents received from you on February 02, 2023. On verification of your application and PAN application documents, the following discrepancy(ies) is/are observed by us:

Address in document as Proof of Communication Address is incomplete.
Submit proof of address where name and address in application exactly matches with name in proof.

To know the details of supporting documents, please click here (Indian citizens, Foreign citizens).

For further processing, kindly send relevant document with proper details to below mentioned address. Please quote your 15 digit acknowledgement number "N-881037281552120" on the document before sending it to us.
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Now how do I submit the correct adress as printed in aadhar through online! Can u give me in deatil process and to which mail address I should submit it?