Hi experts,

My last working day at my previous company was on 7th Mar, 2021.
Due to covid restrictions, I couldn't travel to my base location to return company assets. So my Full and final settlement was on hold.

Finally, I returned the company assets on 30th Sep, 2021 and I received Full and final settlement payment (Feb & Mar salary + leave encashment) on 27th Oct, 2021.
Please confirm, "Should this Full and final settlement payment amount be counted as income in FY 20-21 or FY 21-22"? Thank you.

Thank you.

Dear Experts,

We have to make payment to Linkedin, based in Singapore for job posting. They have no PE in india and have provided Form 10F, TRC and Pan No, also their remittances are more than 5,00,000/- we will deduct tds@6% under EL

Is still we need to have form 15ca & 15cb ?

If yes, then under which article we can issue form 15ca/15cb

I received a demand of ₹600 for the current assessment year on 17/11/2021 by mail which I paid on the same day online with minor code 400. While submitting respose to outstanding demand on efiling portal, I tried to enter details of this challan, but everytime it is reflecting error like "an open challan with such details not available in the database for this financial year. " while this challan is correctly showing in my 26AS with minor code 400. What to do. I have also submitted grievance on efiling portal, but not solved as yet.

Assessee has multiple house properties. One property is being used by him in his business. Interest is paid on housing loan on this property. Can this be claimed in the profit and loss account of the business?

If assessee had rented a premises, rental expenses is claimable. On the same lines, can he claim the interest on housing loan?

we are unlisted company, we have ISIN number but we have no tripartite agreement copy.
Our RTA agent also not available how can transfer the share to share holder's DE-Mat account

SIR,
Assessee maintained single bank account show in books and it returns.but assessee AIS AND TIS information download another bank account detailes mentioned.2 nd bank account transactions entered in books cash balance shortage in books.
Question:
Assessee how to adjustments cash balance shortage in books.

Sir,

I want to know the taxability in respect of the following during the financial year 2020-21.
received gratuity from the previous employer, received PF contribution (both PF and Pension Fund) and Received KSFE Chit

M/s ABC Pvt Ltd selling M/s XYZ Insurance Ltd health insurance policy to retail customers in Market. M/s XYZ Insurance Ltd give commission to M/s ABC Pvt Ltd. M/s ABC Pvt Ltd collect the premium from individual customers.
1. M/s ABC give a advance amount to M/s XYZ, against this Insurance company issued policy to M/s ABC customer and deduct the premium amount from advance deposit.
2. M/s XYZ Insurance Ltd not issued any invoice to M/s ABC Pvt Ltd. Insurance company issued policy documents, receipt and invoice in the name of customer.

Query: Is TDS applicable on advance payment made to M/s XYZ by M/s ABC Pvt Ltd. ?
Query2: Any GST liability arise on this transaction?

thank you

Dear sir,
we need clarification on below points.
Under bill to Ship to model of supply,

A company , B( A co supplier) and C ( Recipient of goods i.e A Company buyer.

B sending goods directly to C on behalf of A . In view of above,

As per GST rule / Act, when A should raise invoice on C,- whether prior to movement of goods OR After movement of goods but before delivery of goods OR After delivery of goods.

Kindly clarify and request you share relevant rule(s) /act for the same.

We sold goods to the party and now party is returning goods. Can the party issue debit note and return goods to us by eway bill. Credit note issued by us or debit note issued by buyer will be valid?
Please clarify?