1. Can the Hand loans be given through bank channels like NEFT, cheque etc or is it always cash loan.
2. Is the Hand loan always interest free or it can be with interest also?

An educational institution whose income is exempt U/S 10(23C) is providing taekwondo coaching to students by collecting some fee from the students. Is such fee liable to GST in the hands of institution?

As per Section 64(1)(ii) of Income Tax Act Salary from a company, to spouse of an individual , having substantial interest in the company, is to be included in the total income of such individual, if spouse does not have professional or technical qualification. This being so if the salary is paid by the wholly owned subsidiary of such private company to the spouse of an individual who holds majority shares in the holding private company (while he does not own any beneficial shareholding in wholly owned subsidiary paying salary), whether clubbing provision of section 64(1)(ii) will apply and salary to spouse from wholly owned subsidiary will be clubbed with the income of husband who owns substantial interest in holding company.
section 64(1) starts with the words" In computing the total income of any individual there shall be included all such income as arises DIRECTLY OR INDIRECTLY ................."
Please also refer case law, if any.
CA SUNIL JAIN

Sir/Madam,
Is deduction u/s 194Q applicable on fixed assets (Movable) purchased for an organisation if it exceeds specified limit ?

Is home loan protection insurance tax deductible?

You can claim tax deduction under section 80C on the premium paid for home loan protection insurance plan. The deduction is not allowed when you borrow the premium money from your lender and repay via EMIs.

is this Correct ?

GST show cause notice for cancellation of firm for not filing GSTR for 6 months, fixed a date for hearing. The Firm Filed all the pending GSTRs 3B before date of hearing and none appeared on that date. Can officer cancel the GSTIN and do the Case as Ex parte and impose penalty for non appearing .Experts opinions are sought . Thanks.

Is GST refundable on cancellation of residential apartment
I have booked a 2BHK apartment in mumbai on 28August 2021.
After paying the first installment + GST, I have decided to cancel the booking as of 22 Nov 2022
The builder has paid GST in the same month.
The builder is saying that GST cannot be refunded. Is this true?

Is there a clause in the GSt act that i can share with the builder that mandates him to seek GST refund from government and give it back to me?

Whether there is any exemption on CESS payable on coal ?

FOR PTRC REGISTRARTION , WE DON'T HAVE TIN FOR PROFILE ALREADY EXIST

Any changes in Valuation of perquisite Motor Car u/s 115BAC for FY 2023-24.