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Krishna
08 March 2022 at 10:52

Housing society taxation

If housing society earns interest on FDs with nationalised banks; can expenses like maintenance be deducted from said FD interest income????


DHARAM PAL
08 March 2022 at 12:42

Benefit on home loan interest

Please advise tax benefit on Home loan Interest of Joint Property purchase by Husband and wife for self occupied 2.Also advise is it any condition for payment of EMI from both Bank Account or Joint Account?

Dharam Pal
9810600330


Daya

whether TDS can be deposited in single challan other than salary.
i want to deposit TDS other than salary in single challan , means all TDS amount deposited in single challan, other than salary.


Daya
07 March 2022 at 20:30

TCS can be applicable on Brass scrap

whether TCS will be applicable on brass scrap.


a eranna
07 March 2022 at 18:14

HSN CODE IN GSTR-1

HI SIR

I HAVE PROPERTISHIP BUSINESS LESS THAN 20 LACS.
MY QUIERY IS
WHEN GSTR-1 FILING TIME HSN SUMMERY COLUMN ALSO FILLUP OR NOT?
PLEASE HELP ME


PRAMOD NAYAK

Dear Sir,
One Individual has two kind of business like Manufacturing & Trading in Manufacturing. In order to avoid difficulty in business he want to split business in two categories like Manufacturing & Trading Business. Trading Business is regular business which depends on other for buying goods outside & internally.

My Query is follows.
1.Proprietor want to get registered under Composition Scheme under GST wef from April 2022 onwards then is it possible to get registered under new name.
2.If yes then formalities required to start the Manufacturing the new business.
3. What is the impact on GST on receiving goods from the receiver / new manufacturer?
4.From Income Tax angle Composition dealer has to maintain books of account as usual manner like Manufacturing account , Profit & Loss account, Balance Sheet etc?
5.Books of account are to be maintained by the Composition dealer as usual manner or it is not required if so.
6.If manpower is more than 20 in manufacturing unit then PF ESI rule applicable or not.
7.As most of the employee are coming under Unskilled & comfortable under non cheque pay roll method & the figure is more than 10 K per month then is it possible to make them payment on monthly basis?
Please reply my queries at an earliest.
Thanks & regards
Pramod Nayak


Chaitanyaa
07 March 2022 at 15:07

Effective Accounting standards

Sir pls guide as How many Accounting Standards have been issued by ICAI so far and how many Accounting Standards are effective as on date.? Thanks


Muhammad Sarhan
08 March 2022 at 12:42

Need to confirm gift entry

I purchased a solar lamp and given to customer as gift. its entry will be like the following entry
Dr. Gift as Advertisement
Cr. Cash A/c
Please confirm


Priyanka Roy
07 March 2022 at 13:32

TDS ON GODOWN RENT ISSUE

IS TDS APPLICABLE ON GODOWN RENT IF CROSS LIMIT I.E RS. 240000/-


Pragna Marfatia

Supplier is not filing the documents in his GST returns for last 6 months inspite of many reminders. I have made him full payments. If I put my complain on GST portal and if he still does not file , what happens?
Will government ask me to pay his GST, though I have already paid to the supplier?
In the complain on GST portal, do I have to choose Reverse charge Mechanism?
Can someone please guide me, what should I do?