Dear Sir
Whether Nerebuy Is E Commerce Operator As They Are Collecting Payment From Customer For Booking OF Order And Then Making Payment To Retailer ?

Sir / Mam

A Director pays lot of amounts under his suspense account, which was earned by him in his own business, to his Pvt Ltd without limitations.
Plz let me know that how much can a director pay the suspense amount to Pvt Ltd in a year?
Thanks in adv

I have to make payment for 3rd month under qrmp scheme...while making payment which section to select in challan?
Monthly payment for quarterly return or any other payment?

IN INDIAN CONTRACT ACT, DOES PROMISEE GETS CONSIDERATION IN UNILATERASL CONTRACT...FO EG. "M" ADVERTISES THAT WHOESEVER FINDS HIS LOST DOG WILL BE REWARDED 5000. "A" FINDS DOG AND RETURN IT TO "M". HERE CONTRACT IS FORMED AS SOON AS "A" FINDS AND RETURN THE LOST DOG AND HENCE IT IS A UNILATERAL CONTRACT. SO AS WE KNOW ACCORDING TO DEFINATI0ON OD CONSIDERATION AS PER 2(D) CONSIDERATION IS FOR PROMISE.. HERE "M" OFFERED AND "A" ACCPETED BY GIVING PEROFORMANCE. SO "M" HAS PROMSIED TO GIVE 5000 TO WHICH HE RECIEVES CONSIDERATION AS HIS LOST DOG. BUT "A" DOESNT MAKES ANY PROMISE BCOZ HE HAS PERFORMED HIS ACT.. SO "A" GETTING 5000 IS OR IS NOT CONSIDERATION......IN SHORT DOES PROMISEE IN AN UNILATERAL CONTRACT RECIEVES CONSIDERATION

The Income Tax Department has identified high value information which does not appear to be in line with the Income Tax Return filed for Assessment Year 2020-21 (relating to FY 2019-20).

bank fd interest accrued was not considered while filing the return, what should be done and what procedure to be followed?

Hi,
We have received a notice under Section 148 for our tax filing for the FY ending 31st March, 2013 a few days back. But as far as we know, we only have to keep the tax filings for the last 7 years. Then how can the government send a notice of more than 7 years ago? Also, what will happen if we don't have the records for those years? (In the lockdown last year, we removed all the records which were more than 7 years old). Please help and advise. Thanks in advance.

hello team,

if we have a company (pvt ltd) and make profit of 1 crore and give salary to 2 directors (5 lakh each). so my questions are:
- what happens with funds of 1 crore in bank account?
- if needed can that 1 crore be used by any director personal purpose? with permission of course.
- are there any strict limitations related to usage of company funds?

please answer and help, thanks a lot.

Hi,

I just got a hike in my salary and I pay rent to my mother who files ITR. I have been paying rent from past 7 months and due to increase in salary i want to pay more rent to my mother and declare it to my employer thus reducing my tax liability. Will it be a problem to increase my Hra amount, is there any such issue with increasing the HRA amount more than 10% which is what is said to be the amount that can be increased by the owner every year or two. Could you guide me on this, if it is justified to do this.

SO SIR IS INTEREST ON DRAWINGS LEVIED BY BUSINESS...

Sir, I have TDS deposited challan as on Q4 FY 2019-20, the challan not claimed and not used FY 2019-20, i have decide the unused challan used in Q4 FY 2020-21, Is it Possible? in TDS, Is it Correct sir?