Hi,
If a person is working in two companies, then how his professional tax will be calculated??

Will tds applicable if we paid to teachers some amount which is received from cbse to pay them for exam duty?

Dear Sir,

please tell us HSN code of Interest on late payment.

I make invoice with different tax rate like 12% 18% & 28%. Now, I want add packing charge in this invoice, So which rate charge on packing ?
Please help me.

Kindly clarify whether we have to book GST (CGST/SGST/IGST) while making advance payment to the Service provider,(Part payment) against the Proforma Invoice received from the Service provider. due to COVID-19 situation the Service Provider is not able to send the Original Invoice. Right now we are not booking directly to Expenses GL but booking in the Advance GL and on receipt of the original invoice the expenses will be booked.
Regards.

SALARY PAID FY 20-21 TO
A 385000
B 292000
C 376000

SHOULD I REQUIRE TO DEDUCT THE TDS ?

KINDLY REPLY

Mr. X has recently died of Corona while still in service. He was an employee of an organisation which is covered by the Payment of Gratuity Act. His taxable gratuity , after considering exemptions u/s. 10(10)(ii) is, say, Rs. 1,00,000/-.

How will T.D.S. be calculated on the above taxable gratuity of Rs. 1,00,000/- while making the payment to the legal heirs of Mr. X and what will be the T.D.S. amount ?

Thanks and regards.

Hello, everyone..... Good Morning.......

My Company incurred a big amount of contraction expense on rented premises and lease period is 3 years.
now my ques is how can I book these expense ...........

kindly suggest an appropriate accounting method........

thanks in advance

Dear Sir

For a sale of property, I am paying a brokerage of 90000 on which GST of Rs.16200 has been levied by the Broker. Invoice value - Rs.106200.

While calculating capital gains, what should i show as expense incurred for sale - Rs. 106200 or Rs. 90000.

Can i pay this amount by cash or it needs to be through cheque?

I HAVE A PRIME CURRENT A/C IN SBI.

HAD THE SAME WITH AXIS TOO, WHICH WAS MADE TO BE CLOSED BY BRANCH HEAD OF AXIS ON SOME UPDATED LIMITATIONS DRAWN BY THE RBI OF LATELY.

NOW, I CANNOT DEPEND ON SBI SOLELY FOR MY BUSINESS TRANSACTIONS.

PLEASE ADVICE HOW I MAY PROPOSE TO RESTART WITH A SECONDARY A/C WITH AXIS