Sir, my client is a commission agent (Kacha Arhatiya) and is in business of selling agriculture crop on behalf of the farmers. During fy 2021-22, ... Read Full Issue

Whether the ITC for GST paid on purchase of capital goods, which has not been claimed as being utilized for exempted supply, can be claimed at the ... Read Full Issue

Sir, One of my client received some income on which the payer has not deducted any tax in the year of payment. My client filed his ITR declaring ... Read Full Issue

What should be the treatment of waiver principal and interest of term loan sought by charitable society(registered under section 12A) , keeping in ... Read Full Issue

A person purchased certain goods from two different vendors and made payment in cash to both of them on the same day. After the close of the year he ... Read Full Issue

How the computation of income to be made in case of new power generating unit Which is selling power to another unit of same assessed company?   ... Read Full Issue

Whether a proprietor making slump sale of his business concern with long term asset can avail benefit of exemption under section 54F by way of ... Read Full Issue

Dear Sir, The query is regarding the claim of exemption under section 54 in the case of the HUF. Q No.1.Can an HUF claim exemption by ... Read Full Issue

Namaskar, Mr. A has purchased goods from Mr.B but has made the payment to Mr. C on the direction of Mr.B. Whether second proviso of section ... Read Full Issue

Dear SirGood MorningWe received Electricity Bill from TNEB ( Tamil Nadu Electricity Board ) .We are HT service user for Factory operations. When we ... Read Full Issue

Sir, One of my client received some income on which the payer has not deducted any tax in the year of payment. My client filed his ITR declaring ... Read Full Issue

SirI am commission agent in agriculture market In sangli (Maharashtra) .Working under law of agriculture market committee.I sold jagrry and turmaric ... Read Full Issue

Sir, CBEC has issued Excise Notification No. 34/2015, 35/2015 & 36/2015 all Dtd. 17.07.2015 vide which finished goods have been exempted ... Read Full Issue

A person purchased certain goods from two different vendors and made payment in cash to both of them on the same day. After the close of the year he ... Read Full Issue

Dear Sir, The query is regarding the claim of exemption under section 54 in the case of the HUF. Q No.1.Can an HUF claim exemption by ... Read Full Issue