Housekeeping exp. pe RCM Applicable hoga ya nahi , service received from register person Please solved my questions
A Private Limited Company with 2 Directors i.e. both are Executive Directors.
Can both Executive Directors can change their Designation as Non Executive Directors ?
WE HAVE TAKEN CASH CREDIT FACILITY FROM THE BANK AND I HAVE SHOWN CASH CREDIT BALANCE AS OPENING BALANCE CREDIT IN TALLY FY 2022-23 FOR MONTH OF APRIL I HAVE PASSES FEW JOURNAL ENTRIES IN TALLY i:e
FOR MAKING PAYMNET TO SUPPIER ( SUPPLIER ACCOUNT DEBIT AND CASH CREDIT ACCOUNT CREDIT )
AND FOR WITHDRAWAL CASH ACCOUNT DEBIT TO CASH CREDIT ACCOUNT
IF SUPPOSE I HAVE TAKEN CASH CREDIT LIMIT OF 1,00,000 FROM BANK AND WHEN I HAVE A PAYMNET TO OUR SUPPLIER I WILL DEBIT CREDITOR ACCOUNT BY Rs 10000 AND CREDIT CASH CREDIT ACCOUNT BY Rs 10000
IN ABOVE CASE CASH CREDIT BALANCE WILL INCREASE ( 100000 CASH CREDIT APPROVED BY BANK )
10000 ( PAID TO CREDITOR)
TOTAL SHOWING IN TALLY CASH CREDIT BALANCE AS 110000 . WHAT I UNDESTAND THAT WHEN WE USE CREDIT CASH THE AMOUNT UTILISED SHOULD DECREASE BUT HERE IT INCREASING
AND ALSO LET ME KNOW WHERE CASH CREDIT AND OD ACCOUNT TO BE SHOWN IN BALANCE SHEET UNDER WHICH HEAD
WAITING FOR REPLY FROM EXPERTS
Can a Non Executive Director of a Private Limited Company take Professional Fees u/s 194J ?
Question - Are there any filing requirements before and after issuing the NCDs under Income-tax Act?
Thanks a lot in advance for your time and effort.
Regards,
Abdul Salam
Thanks all for your reply. If I want to declare 6% profit in what turnover i need to specify a turnover. In my p&l consist Opening stock - Rs.6737 profit on sale of f&o - Rs.2005282.80 profit on sale of shares(intraday) - Rs.3825.35 Share sales - Rs.1003068.05 Loss on sale of f&o - Rs.1883766.70 Loss on sale of shares(intraday) - Rs.995.70 Share purchase - Rs.1002114.87 (F&O turnover as per calculation - Rs.13014787.25)(profit+loss+option premium) Thanks in advance
RESPECTED SIR'S / MAM'S
PLEASE SUGGEST ME IS THEIR ANY OPTION TO REVISED ORIGINAL INCOME TAX RETURN AFTER PROCESSED ITR.
CAN I WRITE TO OUR ASSESSING OFFICER ABOUT THE REVISED RETURN ????
PLEASE SUGGEST ME
REGARDS
PRANALI
Sir/Mam,
we are merchant exporter we purchase goods 0.1% against notification 40 & 41 the same export without payment of tax , the purchaser details shows in shipping bill.
My doubt when we raise einvoice export without payment of tax we mentioned details of qty , uom taxable value etc in json file in tax rate column what should i mention 0% or 0.1% as per purchased tax rate.
envoice details directly showing in GSTR1
please kindly help me regard
Thanking you,
If the supplier not filed ITR Ay 2021-22 the rate of TDS will be 0.1%or 5% ( supplier has filed income tax return up to AY 2020-21)
NRI - Husband and wife sold Flat and sum has been credited in Indian Bank account.
NRI status was not declared at the time of sale transaction and buyer has deducted 1% TDS from sale consideration
Now NRI wants to transfer funds to his account in Foreign Country
My question is
Whether Form 15CA and 15CB is required to transfer funds ? If yes whether Remitter and Remitee will be same since it is transfer of funds
Also can wife transfer her funds in bank account of her husband and husband can transfer full proceeds to his account in Foreign Country ?
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Form 10 B and Form 10BB: Handle Tax Audit Reports of Charitable Organizations(with recording)
HOUSE KEEPING EXP