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Manoj Kumar

Hi, I want to know regarding the GST Registration as TCS Collector in case of an eCommerce Operator Firm. If the eCommerce operator is collecting commission through his services then how will this firm file GSTR1 and 3B because as a TCS Collection there is no provision on portal to file GSTR1 and 3B. He can online file GSTR8.

Please clarify.
Thank you.

Thanks & Regards.
Manoj, Meerut

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Sumit

Sir,
I am a newly registered GST Owner, I had purchased some items from amazon business site for business purpose. I had received the GST invoice for the same to claim Input Tax Credit. But when I login to my GST portal, I am not able to see anything about Credit Ledger Balance, how can I claim the ITC for the purchases on my GST Invoice, should I have to file GST return? because there is no such sales done till now, there is approximately zero turnover, how do I get the benefits? Please explain.

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Sumeet Solanki

My dad had gifted me a commercial shop property in 2020 (15/09/2020) which he had purchased in 1999.now i want to sell the property in 2021.Will this attract capital gains tax as this is short term selling and if yes can i take deductions by purchasing a residential property

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Jai prakash

Sir, i am retd employee,is arrear recd in f y 2020-21 taxable? pl chat

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Shivesh Goel

Finance Act 2021 inserted an explanation to clause of Section 36(va) (related to payment of Employee’s Contributions to PF ESI before due date)
“For the removal of doubts, it is hereby clarified that the provisions of section 43B shall not apply and shall be deemed never to have been applied for the purposes of determining the "due date" under this clause”
Also FA 2021 inserted an explanation to 43B
“For the removal of doubts, it is hereby clarified that the provisions of this section shall not apply and shall be deemed never to have been applied to a sum received by the assessee from any of his employees to which the provisions of sub-clause (x) of clause (24) of section 2 applies.”
Questions arises
1.Whether Rulings of High Courts of India regarding Allowance of Employees Contribution to PF ESI after due date of fund but before 139(1) still stands?
2.Whether it is applicable from AY 2022-23 or will have retrospective effect?
3. Appeals pending before CIT(A) or ITAT of earlier AYs in respect of above Point (Disallowance of EPF/ESI) still valid or AO will reject the case and will raise the demand?
Please Clarify.

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Babychen Mathew

I sold a property in April 2021. How much time do I have to open a capital gains account to deposit this amount? For now its in savings account.

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Namita gandhi

What will be the withholding tax rate if i have to make an outward remittance to Singapore company if they are providing coaching service on my behalf to my clients?

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Nirmal Sethia

Can section 148 notice be served by AO of diffrent jurisdiction than the assessee,s jurisdiction. If assessee,s jurisdiction falls in some area of madhya pradesh but notice served by AO of area falls in rajasthan because one address of assessee has in rajasthan.

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Nithin Aadithya

I am a professional and filling tax under professional charges head. I bought an apartment in 2014 at 65 lakhs and I am paying EMI for the same as on date. Nearly 40 lakhs principal outstanding is there in bank. My mother expired nearly 13 years back and she had a self earned property at native for which me and my father are legal heirs. This property is worth 68 lakhs now and we are planning to sell it. Me and my father will be getting 34 lakhs each subject to longterm capital gain taxation. In the meantime, I am planning to buy a villa worth 1.75 crores inclusive of registration for which 1.32 loan sanction is ready. The issue I want to know is, the sale of inherited property may get over either before or mostly after villa buying. If i can sell the native property before to avoid CGT, I am planning to invest my share of 34 lakhs in villa in my name along with 132 bank loan and rest from personal funds. My dad will be left with 34 lakhs with him and as an measure to reduce my EMI, I am planning to ask my dad to close my outstanding 39 to 40 lakh principal loan amount of previous apartment and register that apartment in his name so i close my loan and stop further EMI and he also invest in another property to avoid capital gain tax. By doing this, it seems like i am selling my 70 lakh worth apartment at 40 lakhs to my dad which later on I may inherit being a single child. But still i want to enquire are there any other ways to do it. In scenario two, if the native property sale happens after buying this villa, I am planning to get a loan of 40 from dad and meet out villa expenses which i will repay him after native sale share come to me. If by doing so, will i get capital gain tax exemption. in such a scenario, if dad is ready to pay 40 lakhs and close my home loan in addition, can I transfer apartment to his name or is there any other way to reduce registration tax like combined holding.

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Saurabh

Background:
I am currently in Australia and getting my salary in AUD. I am not an Australian PR or a citizen. I had transferred some of my income from my Australian bank account to my Indian savings bank account online for the purpose of repaying the principal home loan.

Query:
I had transferred approximately 13Lakhs from Australia to India and has paid approximately 17Lakhs towards my home loan account. How do I declare this in the Indian Tax Returns? Will I be taxed? My Australian salary is already taxed. I know there is a DTAA treaty between Australia and India. Would that prevent from double taxation?