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

Hi All, My friend is A Chartered Accountant in practice as a Proprietor since last 3 years and he is having a trade name registered with ICAI. Recently I had joined him as a partner without changing the trade name registered with ICAI. My question is if we want to change the trade name now then whether our existing firm with old FRN will get continued or we will get new firm name with new FRN?? Whether my partners proprietorship experience of 3 years will get continued in new firm?? Whether the Experience will count for bank audit empanelment under Partnership Firm?? Kindly suggest me whether I should change my firm name or not?

When will be the last attempt of old ipcc?

Dear Sir

I have started a Private Limited Company recently. I am in look out for the free lancer Auditors who can help me in filling the ITR and other compliances relating to the Income Tax and MCA. as and on when required. As I may get some firms and Business class industry also. I am in the service of Back Office and consultancy. I have GST Registration and I have a Franchisee from GST Suvidha Kendra. Please guide me to have an auditor on work to work basis and also guide me the expenses incur on this. As for the AY 2021-2022 is concern there is a NIL turnover till now.

When will be the last attempt of CA IPCC old?