It is informed that , arbitration award/ court order in respect of a claim by contractor has been passed in favour of the contractor in respect of capital works and such arbitration award/ court order has been challenged in a court of law/ higher court, the amount of arbitration award/ court order (including interest till the date of award, if any) becomes the claim amount for the purpose of maintenance of Register of Claims .
Pl advice whether interest till the date of award on the amount of arbitration award/ court order is capitalised or not.
Respected Members ,
During filling of income tax return of a lic agent ( ITR 3 OFFLINE UTILITY ) ( no books of a/c ) , all deails are provide with actual figures , then validation was done with successful .
but after validation but before verification, 2 validation errors are come out repeatedly 15 times & i am really surprised that why validation erros are come out irrespective of correct figures are providing.
Validation error description :-
1) In schedule BP, sum of values entered from 36(iv) to 36 vii) should be equal to sum of " Net profit " declared at SL No 64(id) and 64(iid) in Sch P&L .
2) In return credit for TDS has been claimed but the corresponding receipts /income has not been offered for taxation .
Now the actual fact is , as per No 1 validation error , actually both the figures should be different as per their respective values therefore i am really surprised why system asks for that " In schedule BP, sum of values entered from 36(iv) to 36 vii) should be equal to sum of " Net profit " declared at SL No 64(id) and 64(iid) in Sch P&L "
I am trying to rectify the above 2 errors 15 times but still now 2 validation erros are coming repeatedly when i want submit for verification & i dont know why that erors are coming out repeatedly .
My questions :-
1) Are you facing samre problem while filling ITR 3 ( Offline utility ) ?
2) What is the remedy ?
3) What should i do for that ?
Regards.
Sirs,
Am unable to file return for AY 2021-22 in the new portal. Am able to view only the guided tour page of the new portal .
Can anyone help me by sending link for ITR1 or pls let me know how to proceed..🙏
DEAR SIR,
ONE OF MY CLIENT RECEIVED HRA 330000/-, AND HIS HOUSE RENT PAYING IS 198000/- . MY QUERY IS IF HE IS CLAIM HRA INCOME TAX WILL BE ZERO. OTHERWISE CLAIMING HOUSE RENT HE HAS PAY MORE THAN 141000/- INCOME TAX. AFTER TDS DEDUCTING RS 228551/-. SO I WANT AVOID SUCH HUGE TAX AMOUNT CAN I CLAIM HRA BECAUSE HE RECEIVED AS PER HIS PAY SLIP FOR THE PREVIOUS YEAR 2020-2021.
PLEASE SUGGEST ME IS THERE ANY PROBLEM WITH THAT NEED HELP
REGARDS
Why to invest in Edelweiss NCD IPO August 2021?
“If you don’t follow the bond market, you are missing some amazing drama.”
Ride the wave of capital preservation. Gather your friends and family. Call if you have to, but don’t miss out the bidding of the IPO bond. Edelweiss Financial Services is all set to open the gates for investors for IPO bidding on the August 17th this year.
Edelweiss is one of India's leading financial services conglomerates, offering a robust platform to a diversified client base across domestic and global geographies.
Copy this Link -- https://www.bondsindia.com/edelweiss_aug2021.html & Apply Now - Paste in your Browser
You can also go to - [https://client.bondsindia.com/IpoDirectDetails?code=BondsIndia&key=eyJraWQiOiJERUJDV1k1cUJ4V2V0VnJkZCtJcE9jVjdwZzU0Yl&issuereferenceid=4&action=apply] and Paste in your Browser
They are mainly in the business of providing credit to both retail and corporate, Investment & Advisory (Wealth Management, Asset Management) and Insurance (Life, General)
The Edelweiss IPO has been rated AA by independent credit rating agency and provides interest upto 9.70% and upto tenure of 120 months. All you need to do is set a reminder on BondsIndia website and place your bid as we send you a reminder when it goes live.
Edelweiss financial service’s Financial Performance
Key Strengths
1. Diversified business profile- The group has been diversifying within each of its key businesses, as well as entering new businesses over the past few years. It is now present in the retail and wholesale lending segments, securities broking, wealth management, asset management, insurance, stressed-asset management, and alternate assets. Many of these have now attained sizeable scale and are likely to lend greater stability to earnings
2. Demonstrated ability to build significant competitive positions across businesses
While the group remains a large player in the traditional broking business, it has also build a sizeable lending book. In the distressed assets segment, EARC remains the largest ARC in India. The established market position in capital market-related businesses should provide the group with a regular stream of fee-based income over the medium term
Credit Risks
1. Asset quality exposed to risks related to concentration in wholesale lending
The asset quality in the credit business has deteriorated in the last 18 months. While the asset quality in the retail loan book remained comfortable, the asset quality in the wholesale loan book deteriorated significantly Furthermore, given the current macro environment, asset quality of the group's exposures to loans against property (LAP) and loans to micro, SME sectors would be key monitorables. This stems from the sensitivity of borrowers of such loans to the current environment
2. Lower profitability than peers
Profitability has been lower than those of other large, financial sector groups. While profitability was on an improving trend over the past few fiscals, it has been significantly impacted in fiscal 2020. With higher credit costs, return on assets (annualised) and return on equity (annualised) fell sharply to 0.5% and 3.4%, respectively, during the first 9 months of fiscal 2020 (1.6% and 12.6%, respectively, in fiscal 2019). Provisioning costs, increased by 71% year-on-year (y-o-y) to Rs 651 crore during this period.
Why choose Bonds India?
Bonds India is an online platform for fixed-income securities such as IPOs, bonds, 54EC bonds, and fixed deposits. With a cumulative pedigree of 50+ years in the bond market, we aim to democratize the market for common investors by stationing detailed insights, expert advice, and keeping a close watch on the market sentiment. Bonds India brings up-to-date information when IPOs go live, fixed deposits with higher interests, and bonds with competitive price before anyone else.
Bonds India ditches the traditional ways of investing by offering a blockchain-based platform for investors that ensures instant online settlements and reduces counter-party risks. Choose Bonds India for its sleek interface, fail-safe communication and step-by-step guide to ensure a well-placed bid. You can apply for India Infoline IPO on BondsIndia’s website.
ANY PROVISION FOR DIRECTOR REMUNERATION MORE THAN 11% OF NET PROFIT FOR PUBLIC LIMITED COMPANY. COMPANY LAST YEAR PROFIT 76 LACS, PAID UP CAPITAL 80 LACS
Dear All,
I want to add new partner in GST and partnership deed. if anybody have proper word format for addition of new partner in GST which is acceptable by GST authority. Please provide the same.
Thanking you
I am having XML file downloaded from MCA website. Now I wants to convert it to BS. Please provide the conversion software of XBRL. I cant download from MCA.
Thank in advance.
My Email ID Pankaj25555@gmail.com
Dear Sir/Madam
We are running a restaurant and we have registered with Zomato, foodie Delibots.,
How should I show the invoice details in GST1.
I worked in Czech republic for 5 month and I did received some salary which was tax deducted at source.
Now I need to show the same in Schedule S, Schedule FSI(to claim DTAA)
Where I can find
1) TTBR rate for CZK/ INR
2) I know Czech and India have DTAA agreement, what rate I can claim FSI benefits?
3) In form 67 do I need to claim it on 90, 90A or 91?
Certification Course on GSTR-3B Reconciliation with GSTR-2B using AI Tools
Accounting of of Interest Cost paid on original claim by contractor -arbitration award/ court order