Satish Mehra
15 June 2023 at 16:33

Tax consultation

My client has around 2.5-3 cr in Bank account. And want to invest (FD).
Please guide me, how can I make him plan his taxes. He has wife and childern(1-18+,2 below 18).
Is there any way I can transfer money to her wife (as loan) and invest in her name


Atul Kumar Khare

With the prior approval of my employer (a govt company), i made payment of Rs 2.50 lakh to a bus operator during my tour. The bus operator had issued bill in my name, as per the practive prevalent in my company. Now, my employer is asking me to recover 1% TDS from the bus operator. Considering the bill was not in my employer's name, is the employer liable to deposit TDS for this bill? Is it proper on my employer's part to ask me for TDS recovery? Please elaborate.


Bapun Dasgupta
15 June 2023 at 14:34

Related Body Corporate

What is the meaning of the term "Related Body Corporate" under the Companies Act, 2013 ?

Shall be thankful if explained with relevant section and provisions.


Daya
15 June 2023 at 14:13

Cheque issued on 31st March 23

Cheque issued on 31st March 23 Rs. 25,00,000 But Cleared on 10th April 2023.
I made entry on 31st March
Party A/c Dr. 25,00,000
to Bank Account 25,00,0000
But on 31st March 2023 Bank Balance as per my Books and bank statement is difference Rs. 25,00,000.
How to remove This differences .


AJAY SHETTY

One of my friends received a notice from the service tax department last month. For the purpose of loan his auditor was declared 40 lakhs gross income and they filed the income tax under civil contractor works. Since he's having rental income from residential properties, the department insisted that he has to pay the service tax of Rs. 6lakhs. Kindly help me out how to deal with this.


Jai shree Narayan

Incase of loss in fno and intraday whether it is compulsory to go for audit if turnover is around 20lakhs to 22 lakhs???


Daya

when Profit is earned by the company on 31st March 2023
There are three partners A,B and C and their profit ratio is 30:30:40 and Total profit is Rs. 10 Lakh
My question is that how to Books Journal entry in Firm Books and partners Books.
For Partners Book
P/L A/c Dr 10,00,000
To A Capital A/c 3,00,000
To B Capital A/c 3,00,000
To C Capital A/c 4,00,000
My question is that what entry should be passed in the books of Partners Capital account on 31st March 2023.


M.Ramkumar
15 June 2023 at 13:37

Applicability of Form DPT - 3

Dear Sir/Mam,
Whether current account(running account) maintained by company shall be considered as deposits for filing Form DPT - 3


Anil Naidu

Sir,
1.I have a small doubt regards GSTIN register , i have office in one place , from there to my Godown approximately 450kms in this shall i show additional place of business in GSTIN register or should i register one more GSTIN register
2. Same Business doing business in Karnataka and Tamil Nadu , i have to take two GSTIN register.


BANSI LAL KHURANA
20 June 2023 at 15:43

APPLICABLE OF TDS U/S 194Q

FORMER -A, COMMISSION AGENT -B, RICE MILL -C.
FORMER-A- BROUGHT ITS PADDY (FOOD GRAIN) IN THE GRAIN MARKET FOR SALE ON AUCTION AT COMMISSION AGENT SHOP-B. THE RICE MILLER -C- PURCHASE THE FORMER PADDY ON AUCTION . NOW THE COMMISSION AGENT -B- ISSUE THE FORM I IN THE NAME OF RICE MILLER BY SHOWING AS
PADDY VALUE WT*RATE (50.00*3000) 150000.00
DHAMI/COMMISSION @2% 3000.00
LABOUR - BAGS*LABOUR RATE (100*7) 700.00
TOTAL 153700.00
THE COMMISSION AGENT -B SAYS THAT I AM NEITHER PURCHASER NOR SELLER. I AM ONLY COMMISSION AGENT/MIDDLE PERSON. THE COMMISSION AGENT TRANSACTION WITH THE MILLER HAS MORE THEN 50 LAC IN A FINANCIAL YEAR. MY QUESTION IS THAT THE MILLER IS LIBLE TO DEDUCT THE TDS U/S 194Q FROM COMMISSION AGENT.






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