Anonymous
18 October 2019 at 16:33
I have doubt of how / what / what not to claim ITC for Works Contract.
We are a home and office renovation company who take over contracts which involve, construction, demolition, interior designing, plumbing, electrical, carpentry, furnishing, painting, packers and movers, etc.
We are not sure how much to charge GST for customers and what all things can we claim ITC for?
We buy stuff from lot of dealers and pay different GST rates for different items, and we do not want to disclose the purchase price to the customer.
Thank you in advance.
DIGVIJAY SINGH
17 October 2019 at 21:38
I was book a under construction flat in 20 jul 17. The construction is completed now they charge me gst @12% and for extra amenities gst@18%. Please guide me.
Anonymous
16 October 2019 at 16:40
I have some agricultural land inherited from my father after due partitioning between my brothers. It is situated with in 4km from a nearby town, which as of now is a Panchayat but is slated to be upgraded to a Municipality. Even today rain fed crops are grown in that land. I intend to sell this land because the returns from the land are not satisfactory and the price of land in that area is very high. I am not sure whether I need to pay capital gains tax on the sale proceeds or don’t need to pay because it is agricultural land inherited from parents( ancestral as well). I would appreciate a clarification from any learned Lawyer who can provide authentic (legally) information.
Thank you
KSS
supukha
03 October 2019 at 21:50
Hello Experts,
Our CHS has Repairs Funds and Sinking Funds accumulated of which FD is made.
CHS has charged us share of Income Tax to be paid on that Interest Earned. I wish to know whether the Member is liable to pay? The Interest earned is going to society so the CHS must bear the Income Tax is my opinion. Kindly advise.
In case Experts are view of that each member must bear the burden of Income Tax then as a member may I suggest to CHS to keep the funds in Current Account so no burden of Income Tax for each member.
Thank you
Regards
Sagar R Trivedi
01 October 2019 at 12:41
A B & C all are partners in construction firm ABC DEVELOPERS. land are in name of all partners. GST number & exp. credit was taken in FIrm's name(ABC DEVELOPERS). now problem is that, at the time of sale Office, in sale deed saller name will be all partner names Individually. the firms' name not come in any deed or agreement except partnership deed. what should be advice for GST & Income Tax related?
(1) should partners collect GST at the time of sale office??
(2) firm can pay gst credit on behalf of individuals??
Suman Sadhukhan
24 September 2019 at 23:13
My income came under income tax from the Assessment year 2013-2014.but while filing online income tax return by mistake I put the assessment year 2012-13, for which I had zero income and there was no TDS deposited, indeed. Thereafter i received notice from ITD to pay penanty for tax return mismatch but without having much knowledge i paid the amount. Now today on 2019 i how could I recoincile the issue.plz help.
Anonymous
23 September 2019 at 14:33
From nov 2016 to dec 2018 i was not in india, my regular c.a passed away. My false returns were filled by new ca who was hired by my partner but i was not consulted or neither my approval was taken by my partner. On 31.03.2019 i received sms saying my returns were not filled for year 2018-2019. On seeing my returns file i was shocked to see that my returns for 2017-2018 were filled by another ca and they were filled incorrectly. our business had a bank loan which was paid from my personal account but that was not shown in the returns that were filled neither in my personal nor in my company's accounts. I asked this c.a first he refused to entertain me and then when he meet me he said its your partner who asked him to file my returns. When i asked him to give me back my supportive documents he refused and now since april 2019 he is giving me one excuse after another to not meet me. i am sure my partner and he are hand in glove in this crime so that i cannot claim the money given to my company. should i file a complaint against this ca with ICAI or how should i proceed with this. since august he said he was busy with his client's returns and now he is completing avoiding me. please help
C.J.Sriram
09 September 2019 at 22:59
Can a Residence Welfare Association engage a security contractor who, as a Composition dealer get registration under GST to provide maintenance services, undertake annual contract for 40 lacs. How much of GST taxes the composition dealer has to bear. Is it legally permissible to choose a Composition dealer as compared with a normal dealer.
The monthly maintenance charges are around 4500 per month per member, and the RWA is not registered in GST.
Can u pl clarity the legal position please.
Anonymous
02 September 2019 at 12:45
Sir
Maine 24-05-2015 ko UP VAT me as a regular dealer registration karaya jise fir 14-07-2015 ko composition dealer me convert kara diya. ab 15-16 ke assessment ki notice prapt huyi jis sandarbh me jb CTO se mila to unhone kaha ki apka 2 assessment order hoga aur as a regular dealor jo stock apke pass bacha hai usper apko tax with interest deposit krna padega jo ki approx 18-19000 hoga. Jbki as a regular dealer meri total purchase approx 2.50 lac and sale approx 60000= hi huyi thi so mere pass approx 10000 ki itc bachi huyi thi. jise composition dealer hone ke karan aage carry forward nhi kiya ja skta tha. So Please guide me ki main kya karu Its urgent.
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What is my residential status for filing income tax in india
I am Indian and have got Green Card of USA (Permanent Residency) recently. During this FY I will be in India for 170 days and rest of the time i.e. 185 days in USA. In USA, I shall be working as a substitute teacher there (purely temporary and without any contract on $80 per day worked in different schools). My wife is also Indian and holder of USA Green Card and shall not be working in USA.. We will have to file tax return in USA and we do not have any Bank account so far in USA.
Please advise what will be status of me and my wife for the purpose of filing Income Tax return in India?
J B Goel