one of my client going to participate in auction to be held by bank which is more than 50 lakhs value, is it applicable to tds, if tds applicable banker to obey the same

Dear Sir,
we bought an bus with GST and TCS, we are not registered under GST. how to pass the journal for vehicle purchase and which ledger to transfer GST (SGST/CGST/IGST) in Books of accounts.

Please let me know the entry for purchase of vehicle including GST + TCS who are not registered under GST

Facts:
1. Person aged 55 joins a job and enrolls in EPF for the first time April 2017
2. Employer and employee contribution continues for 3 years
3. The employee retires from the services of the company on attaining age of 58 in April 2020, after 3 years, as per company rules.
4. Employee does not withdraw PF till September 2022 (more than 5 years)
QUERY;
5. Will the person liable to pay income tax on PF withdrawal after being member for more than 5 years but he was in continuous service for only 3 years (less than 5 years)?

Sir,

While trying to generate TDS Return using RPU(4.3) and FVU(7.8), wrong data is reflecting in the statistical report.

No error report is generated.

Is anyone facing this issue?
Or
Am I doing something wrong?

Please suggest.

Sir/mam

we are paying Service charges for Deputation of Engineer for cable termination Work, How much TDS % and Section

My doubt it comes under 194C or 194J

Please guide me

Thanking you,

Can a woman assessee who has long term capital gain on sale of residential property, jointly owned by her with her real brother and inherited from deceased father, invest the sales proceeds of sale of this property in new residential property purchased in the single name of her real brother and claim exemption under section 54 of Income Tax Act.
In the above case if the said woman assessee directly repays the housing loan taken by her real brother for purchase of new residential property purchased within one year prior to sale of residential property in question on with long term capital gain arises, will this further strengthen her claim for deduction under section 54 of income tax Act as direct link between capital gain and its investment in new residential house property can be established.

CA SUNIL KUMAR JAIN

Hi All

One of my clients has made to client located at BKC Mumbai from Pune. But GSTN of client is starting from code 97. Whether CGST/SGST or IGST is to be charged in Sales bill?

Thanks in advance.

Small Company Definition
Old - Paid up Capital should not exceed 50 Lakhs & Turnover should not exceed 2 Crores
New Amendment - Paid up Capital should not exceed 2 Crores & Turnover should not exceed 20 Crores

A Private Limited Company being Small Company as per new amendment as stated above but complies with one of the criteria (Loan exceeds the limit) mentioned in CARO 2020 applicability.

Shall CARO will be applicable to the Company as Small Companies are exempt from the CARO applicability as per Section 143(11) of Companies Act ?

Can a newly formed Private Limited Company issue shares to outsiders? Please state the process and compliances to be followed?

Dear Experts,
How to calculate GST for below mentioned Transactions:

Sale of Flats Rs. 2,50,00,000/- including GST@5% (Builders Share)

1)Purchase with GST : Rs.65,00,000/-
2)Purchases without GST : Rs. 85,00,000/-
Rs. 35,00,000/- @ 5%
Rs. 50,00,000/- @ 18%
3) Labour Payment : 35,00,000/-
3) Indirect Expenses without GST : Rs.15,00,000/-

Land : 50% land owner (JD) plus 50 Own Land (4800+4800 Sqft)

Kindly suggest how to calculate GST?