koteshwar rao Kattamoori
23 March 2021 at 15:56

Salary

can we pay the salary in cash more than 10000

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Ravi Konda

Hi all,

Our company is intending to pay award to one of our employee who has worked for 20 years.

Is the amount payable as award to employee for his length of service is Taxable?

If yes than under which head

Regards,
Ravi Konda

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Kollipara Sundaraiah
22 March 2021 at 22:43

Income tax query

A person wanted home loan from bank.a person below taxable income(2.5 lacs).
Question:
A person it return filed compulsory.(it return without filed home loan eligible)

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VIPIN GUPTA
20 March 2021 at 20:33

TDS Provision

One of our client is a Private School he is paying Interest to NBFC for loan taken. Will TDS provision no applicable on it.

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praveen
16 March 2021 at 13:24

Roc

Dear Expert,

We need to file the ROC return (Pvt.LTd.)for the last year and before last year with NIL Turnover..

1.What is the penalties/interest required to be paid for late filing..

2.To file the ROC does the Auditor/Company secretary sign mandatory or any one can do the filing..

Kindly confirm and do the needful

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BINEEKA VIJAYBHAI RANA
15 March 2021 at 12:51

Query regarding tds

I have received intimation regarding short deduction on tds in salary form 24q. My question is that what payment amount I should take for that part of the tds as it is calculated on slab wise. kindly help on this matter.

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AviGan

Sir/Madam
Please provide guidance. A payment was made to party A in May 2020 on which TDS was not deducted. This mistake is identified and TDS pertaining to May has been deducted from Payment made to party A in November 2020. It's TDS is deposited in Dec 2020. TDS return of Q1,2 and 3 has been already submitted. But party A's details not been shown in any return. Now do I have to correct Quarter 1 TDS return to show the May 2020 payment and TDS thereon along with correct Q3 return to show November payment and TDS thereon. Or do I have to correct only Quarter 3 return showing date of 2 payment as May 2020 and Nov 20, date of deduction of both as Nov 20 and date of deposit of both as Dec 20. Please clarify this Thanks in advance.

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Kollipara Sundaraiah

A dealer sbi personal netbanking used gst tax some amount challan paid.but challan amount bank account debited challan amount not show in Cash ledger in gst portal(pending message)
Question:
Dealer how to rectify challan problem

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Smitha

Our Company takes Overdraft Facility from Bank & gave Security of Property and its source of income is Rent Collection from Tenants, while a Tenant Gave Rs.50,000/- Advance at the time of Joining Home(2018) & Last 6 Months he didn't pay rent of Rs.36,000/- on Feb 28th, 2021 he vacated and We deducted All 6 Months Pending Rent Receivables Rs.36,000/-,Painting charges Rs.6,000/- and Returned Him Rs.8,000/- How can I record these are above transactions in Tally

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Kollipara Sundaraiah

A person running a sbi personal net banking advance tax paid large amount through on online mode facility not available message received.
Question:
Any limit for per day net banking payment used person.

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