Latest Answers (47,512)
 | Audit under - EA - 2000 regHi , I received a letter from ServiceTAX / GST department about conducting Audit in my Unit next month . The letter sample below. I only registered under Service Tax law as a... Answered by Lakshita Bhandari 8 years ago |
 | Correction in previous annual turnover in GSTR 1Sir/ madam I have filled the previous year turnover wrong, and also filled the GSTR 1 return. Will there be complications. Or will it be available for edit latter on. Answered by Lalit Bansal 8 years ago |
| Correction in previous annual turnover in GSTR 1Sir/ madam I have filled the previous year turnover wrong, and also filled the GSTR 1 return. Will there be complications. Or will it be available for edit latter on. Answered by Lakshita Bhandari 8 years ago |
| Audit under - EA - 2000 regHi , I received a letter from ServiceTAX / GST department about conducting Audit in my Unit next month . The letter sample below. I only registered under Service Tax law as a... Answered by Lakshita Bhandari 8 years ago |
 | Audit under - EA - 2000 regHi , I received a letter from ServiceTAX / GST department about conducting Audit in my Unit next month . The letter sample below. I only registered under Service Tax law as a... Answered by Abhishek Dugar 8 years ago |
 | is paying money to parent(s) claimable as tax savingDear consultatn, Good morning, I have a dependant parent , can I claim money for their expense as tax exemption ? if yes 1 . under which section can I claim it ? 2. what is the... Answered by Rohit R Sharma 8 years ago |
| GST on Rent for Residential Property1. Whether GST will be applicable if a residential property is given on Rent to Commercial entity. If yes who would be liable to pay GST. 2. Whether it will make any difference... Answered by Rohit R Sharma 8 years ago |
| Can I deduct Business expenses billed under someone else's name?Say I run a business, and I send someone by cab everyday, the cab company gives a bill under the name of the person going by cab, the money for the bill is being paid through by... Answered by Rohit R Sharma 8 years ago |
| Allowability of interest paid on delayed payment of Income TaxThere are two questions Whether Interest paid under section 234A, 234B, 234C 234D and 234E is deductible while computing income from Business?. Whether interest paid under... Answered by Rohit R Sharma 8 years ago |
| IT rebate on Deposits in the name of Severe Disabled dependentI am an IT payer working with corporate and coming under 30 % bracket . My son is having severe disability and If any deposits are made in his name is it Taxable ? Answered by Rohit R Sharma 8 years ago |
| Commission in foreign currencyi am receiving commission on monthly/quarterly basis. under ST from the remitted amount of 100 - ST 15% deducted and on balance 85 ST was paid. question a) is the valuation of... Answered by Rohit R Sharma 8 years ago |
| Is RCM exception applicable on rent?Dear sir/Madam Owner is Unregistered, and our Business is 'Tour Operator' hence we can not claim ITC.. Is RCM 5000/- per day exception is applicable on rent also? 2) Is RCM... Answered by Rohit R Sharma 8 years ago |
| Income tax clarificationThis question was kept private Answered by Rohit R Sharma 8 years ago |
| Invoicing clarificationHi, I am a partner for a reputed brand in Hyderabad for packers and movers whose HO is in Gurgaon. I generally pack and move the house hold goods to their Mumbai and Chennai... Answered by Rohit R Sharma 8 years ago |
| Things to do before starting a single person startupThis question was kept private Answered by Rohit R Sharma 8 years ago |
| Capital gains tax calculation on gifted property1. Father bought land of 1.125 grounds in 1979 for 5000 INR 2. Father went for a Joint Venture with a promoter in 2010 to construct 6 apartments. 3 apartments were registered... Answered by Rohit R Sharma 8 years ago |
| Is PF deduction by employer claimable for tax exemptionDear consultant, my employer deducts some money from my salary towards provident fund , can this be claimed towards tax exemption like section 80c or 80d Answered by Rohit R Sharma 8 years ago |
| Is RCM on office rent applicable?Dear Sir/Madam Should we charge RCM on Office rent if our Owner is unregitered? If yes what is the Tax rate?. Office Rent per Month is Rs. 8015/- We do not eligible for ITC,... Answered by Rohit R Sharma 8 years ago |