A business man is making late payment of EPF contribution of workers every month. As the auditor insisting on reporting the same in 3CD the party is arguing that there are some case law in favour of the party that the contribution of workers can be deposited before filing the return and it need not be reported.Auditor is not accepting the same saying that since 3CD is having the query to report the same, the Income tax department is not accepting / following /convinced with the case law.If the IT dept is convinced with the case law they would have dropped the query in 3CD. Please advise how we have to act in this situation as the amount is added back to profit for tax purpose

As a deductor of Tax, if PAN of any deductee is appearing as Deactivated or Deleted, would we be able to upload the quarterly TDS Return with such PAN and if yes, further, will the deductee get credit of the TDS and will a TDS certficate get generated?

Looking forward to a reply.

Thanks
Natasha Hombal

A business man is booking huge amount of wages paid in cash. He is not able to produce any proof such as name of the payee, identification, designation etc to convince the auditor even though the amount is paid in cash and it is more than Rs.10000 per person.Whether the auditor has to report the same in Tax Audit report as it attracts Sec 40(A) (3) or accept the argument of the party that it is a general practice to pay wages in cash.Is there any method to verify such payments.Auditor is advising the party to deposit the wages in their bank accounts and make arrangement to collect cheques from the workers and draw the amount to pay them in cash as the workers are insisting on cash payment only.Total workers are nearly 100.Whether the ITO accepts this argument of the party.What kind of remarks the auditor has to make in 3CD in this situation.Please advice and suggest suitable method for reporting

DEAR SIR,

RAW SILK LISTED UNDER EXEMPTED GOODS LIST. E-WAY BILL IS NOT REQUIRED FOR EXEMPTED GOODS IS CORRECT. IF WANT TO TRANSPORT GOODS FROM KARNATAKA TO TAMIL NADU SHOULD WE GENERATE E-WAY BILL. THE COURIER PEOPLE ASKING E-WAY BILL FOR RAW SILK TO TRANSPORT PURPOSE. IF WE GENERATE E-WAY BILL FOR EXEMPTED GOODS IS THERE ANY PROBLEM IN FUTURE.

REGARDS

Sir
I want to state that I have sent goods form rajasthan to Bihar via trasport as on 15.02.2020.
I have filled my GSTR 1 Return for Feb month and show such sale.
Such goods have stolen in transport and due to it goods not reached to bihar.
Please guide me what we have to do.

Hi everyone,
We have incorporated a company recently and we have received an email from ESIC along with login credentials, wherein it is mentioned that status has to be updated in ESIC website within 4 weeks. In the website, there is a message stating “New companies registered through MCA portal w.e.f.15.02.2020 need not comply with provisions of ESI act till they reach threshold of ESI coverage or initial 6 months whichever is earlier”. Is a company required to comply with ESI provisions despite the fact that the number of employees has not crossed 10? Can anyone provide clarity on this?

i was born on 21.11.1955 and i am a professional -- all these years i was paying professional tax -- i understand the same is to be paid till age 65 years. pls guide whether this year have to pay or not? can i claim exemption or not THANKS

Hi,

Do we have to pay GST on Directors Remuneration who is full time director.
& if so, then wef ?

Dear Experienced members of CAClubIndia,

Greetings of the day!
I had a specific query about resigning as a director of a pvt ltd company.

I had joined an pvt ltd company in 2018 which was also formes also together in the same time around June 2018,past 6 months due to multiple reasons,no one focused on the startup and all 3 directors were working on their own in other activities.

Now the other 2 directors have shared with me the resignation letter format.
I am happy and willing to resign,thus just wanted clarification that are there any specific clauses to be mentioned in the letter so as there is no element of any liability or other responsibilities I get stuck with after submitting the resignation letter.

##########################
To,
The Board of Directors
Company Name
Company Registered Address.


This is to inform you that due to personal commitments & preoccupation, I am unable to give required time and devotion for performing the duties of director and therefore, I hereby resign from the Directorship of the Company with immediate effect. You are requested to accept my resignation and intimate ROC for the same.

I express my gratitude towards all Board members and staff for their support during my tenure as Director.

Thanking you,

Yours faithfully,

Resigning Director Name
DIN Number
###########################
Let me know your valuable inputs.
Thanks for your time.

Regards,
Pranav.

Sir,
One of my Client having a partnership firm and its register with e-filling website. now the partnership is not going on. My client wants to reset the password for filling the Income tax Return but other partner who's DSC is registered with E-filling are not allowing him to file. so now, how my client can reset the password?? Can anyone help me on this??