Dear sir/madam
All, I Am A Chartered Accountant Started Practice In 2017 In Proprietorship Concern And Having Trade Name Registered Under ICAI . My brother Recently Qualified As CA In July 2021 Exams And We Want To Convert My Proprietorship Firm Into Partnership Firm Without Changing The Trade Name As Registered In ICAI. Please provide me procedure for the same which form to be filed and My Question Is Whether Proprietorship FRN No Is Continued In Partnership Firm ..?? Kindly Suggest Me. Thank You

I'm member of resident welfare association fund received from contigency fund is Done fixed deposit. Can interest receive from FDR are shown in contigency fund. reason

We purchaed goods and the seller issued us invoice on 15/9/2021 . The seller did not mentioned vehicle no in the invoice. The goods were delivered by eway bill on 20/9/2021 by vehicle. So what details are required to be mentioned on Invoice. Please explain requirements to be mentioned on invoice if invoice and eway bill date are not same.

DEAR SIR,

ONE OF MY CLIENT IS A COMPOSITION DEALER IN GST. HE IS ALSO A GOLD APPRAISER IN THE BANK. BANK PEOPLE ASK TO HIM PROVIDE GST NO FOR REFERENCES. NOW GOLD APPRAISER CHARGES IS LIABLE TO PAY GST. MY PROBLEM IS HE IS COMPOSITION DEALER AND PAYING @ 1% GST ON SALES ONLY. FROM THE APRIL 2021 TO SEP 2021 HE HAS PAY GST ON HIS SERVICES CHARGES. BECAUSE BANK PEOPLE CREDIT APPRAISER CHARGES INCLUDING WITH GST MEANS HIS COMMISSION IS 200+36 GST @ 18%= 236. SO GST COLLECTED FROM BANK CUSTOMER AND CREDIT HIS ACCOUNT. NOW HE HAS TO LIABLE TO PAY GST ON THAT. BUT HE IS A COMPOSITION DEALER. HOW HE CAN PAY GST @ 18% ON SERVICES.

PLEASE GUIDE ME HOW TO RESOLVE THIS PROBLEM HE HAS PAY GST ON ALL HIS OUTWARD SUPPLY AND SERVICE CHARGES

NEED YOUR VALUABLE REPLIES,

REGARDS

Dear experts,
Please clarify which of the following expneses are disallowed under section 43b,37 or any other section of income tax.
1.Interest on late payment of TDS
2.Interest on late payment of GST
3. Interest on late payment of PF, ESIC
4.Late filing fees of GST
5 Late filing fees of TDS

What is the permissible FDI limit regarding digital media?

Hi. I have a flat in Mumbai for which i have taken a loan and have been availing income tax rebate of rs 2 lakhs against the amount i pay as an interest for the loan. Now that i am transferred to different city, i am planning to put me flat on rent. Will i still be eligible for the interest part rebate in case the total interest paid is more than the rent i am getting in a f.y.?

Assessee is an AOP and having business income from providing of broadband distribution services on which TDS is being deducted by principal u/s 194JA. Can assessee opt for 44AD ? if not under which section assessee can file the return. Assessee doesnt want to go for audit.

Respected Experts, we give freight to local vehicles that have not issue consignment notes and individual freight value is more than 750/-.

Should we pay RCM on the above transactions?

Please advise

Rakesh Sharma

Dear Sir,

Is TDS applicable on total invoice value or Only professional charges ?? could you please share me the relevant section.


Professional charges - 1,00,000.00

Printing and photos expenses - 10,000.00

Invoice Total - 110,000.00