Respected Sir

Can Employee withdraw partially from his Employee Provident Fund's Account?

on the following condition.

1)Employee's two years service is remaining as on today.
2) the purpose of withdrawal of Provident Fund is marriage of her daughter.
3) Amount to be withdrawn is Rs.3,00,000=00 (Rupee Three Lakhs only)

Please note that employee wants to withdraw from his provident fund's a/c and need not wants loan.

Please guide me.

Hello,

Can you please help me with the agreement for issue for shares other than cash? basically other than cash is "software developed by the director". sharing the rights with the organisation.

LLP is having Loss which is debited to Partners Current Accounts
Partners have also given loan to LLP

My question is in Balance sheet of LLP Loan from Partners should be shown under Unsecured Loans or to be shown in Partners Current Accounts ?

Dear Sir/Madam, One of my client paid commission to foreign national company in INR Rs. 24,000/- In 3cd Tax Audit reporting of payment without TDS to Non Resident, whereas Company is Sri lankan amd establishment in India. Is it necessary to report in payment to Non Resident col.? as I understand Non Resident means Indian Origin not Resident in India, is it correct.

Sir
I have purchase agri land of Rs 13 lakhs/- . Govt Market Value of such land is Rs 83 Lakhs. So i have to paid stamp duty on Rs 83 lakhs.
I have to ask you :

1 )In such case difference between Rs 70 lakhs ( Govt Market Value 83 lakh - purchased cost Rs 13 lakh ) will be considered other income in the my hand ?

2) I have purchased such agri land to build building for sale. So that i have submitted my file to govt department to convert such land into non agri land. But till it is agri land. Sir if I show such agri land as trading purpose & show as stock in hand in trading A/c then in such case difference between Rs 70 lakhs ( Govt Market Value 83 lakh - purchased cost Rs 13 lakh ) will be considered other income in the my hand ?
Sir please reply

Hi Sir,

We are been paying rent after deducting TDS (194I) and TDS is been depositing with Govt every month bill to bill. And the transaction or the rent paid is crossed 50,00,000(Fifty Lakhs), as per the Income Tax new rule we need to deduct TDS under sec 194Q once the purchase crosses threshold limit.

As we are already deducting TDS u/s 194I and making the payment, do we need to deduct TDS u/s 194Q as well for rent.

Regards,
Santosh

Please help to solve this error.

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Sir
I have one pokland machine. My main business is to give such machine on hire or rent. but in F Y 20-21 nothing any receipts was received from rent of such machine. During the F Y 20-21 such machine was not used. So T O is zero.
So I have to ask you , can i claimed depreciation on such machine in F Y 20-21. & What is rate of depreciation ?

Hi all

My company has incurred a loss of 35000( 1st year of company) in the last year and of Rs. 5000 in the current year. Its bse of incorporation expenses of Rs. 150000.
Do I need to provide for deferred tax? How to calculate the same?

Thanks in advance.

It is to intimate that data has been received in this office from higher formation regarding high utilization of Input Tax Credit by you for payment of GST duty during the Financial Year 2018-19 & 2019-20 which is to the extent of 100% of total duty payment.

It is therefore requested to explain the reasons of such high availment of ITC -

how to reply to department please guide sir