The recent TCS (Tax Collection at Source) provisions will be applicable on purchases (other than Coal (not used for trading & Form 27C) & Import of goods) exceeding Rs 50 lakh from any vendor wherein they will recover TCS from the buyers and buyers need to account for the same as TCS credit similar to TDS credit. Kindly enlighten on this.
Regards,
Jayanta Bandyopadhyay
Howrah
14/9/2020
Pls provide me format of Note on covid 19 in financial statements.
Respected Sir,
Is there any GST applicable on Loose Flowers ? if yes then at how much rate ?
Immovable property having Market Value Rs. 33,00,000 and Stamp Duty above Rs. 50000 is received as gift from relative (Father's Sister and Her Husband) , is it Taxable under Income tax?
According to section 88 of the Companies Act, every company needs to maintain a register of members. Failing to do so will attract penalty under subsection 5 of section 88.
For a private limited company, (where the transfers are not very frequent) is there any requirement to file the updated list with the ROC/MCA ?
If yes, then what is the time limit for filing this information with the ROC/MCA ?
Regards
Samik Dhar
One of our party has given is agriculture land on rental basis for which the tenant pays Rs 5 Lacs a year. He is sowing crop and selling it in market. Will the rent received be exempt from tax as agriculture income or not.
Dear Experts,
Ours is a limited company.
Few clients paid advance in the years 2017/2018 but have not paid balance amount nor are responding to our calls to pay the balance amount and take the goods. No GST was paid for these advance receipts earlier.
So, we are converting these advance receipts to cancellation charges (indirect income).
How do we show it in accounting in GST?
Is GST to be paid for such amounts?
Please clarify.
Does DPT-3 needs to be filed if loan is taken from existing director?
Is it mandatory to mention principle place of address in additional place of buisness bill?
What is procedure for incorporating a new company
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Form 10 B and Form 10BB: Handle Tax Audit Reports of Charitable Organizations(with recording)
CAclubindia
TCS