WE ARE HAVING A NBFC COMPANY REGISTERED IN WEST BENGAL WITH PAID UP CAPITAL AND FREE RESERVES OF 5 CR. WISH TO FILE NBS 9 ND WITH RBI BUT THE PROCEDURE OF GETTING REGISTRATION IS STILL NOT CLEAR AND STEPS TO BE TAKEN ONLINE IS NO WHERE SPECIFIED PL GUIDE
CPC sent intimation 143 (1)(a)(iv) showing variance on the declared amount on Schedule OS. after noticing the issue, the deductor revise the 26AS. Demand was raises base in 194J
from the rent, and added to the declared OS income shown in 26AS. The entire rent was declared correctly.
In short it amounted to being tax twice. Have requested to reprocess the return base on the revise 26AS by the deductor. This is for AY 2017. Now I receive 245 notice of demand to be deducted from my ITR 2019. No professional fee income is derived by the assessee. Mainly rental income & F.D. interest inc. only. How to end this matter.
Dear All,
Can anyone verify me the two of the following:-
1) If we make the correction of Exisitng TDS Return Filed earlier online through DSC through traces and Token no is generated after tracking correction statement. is it required to generate conso file....? (Y/N)
2) Or else when we make the correction of Existing TDS Return filed earlier offline through DSC we need to generate Request & download for conso file...?
Which one of this is correct.....?
Hi,
Three partners started a firm to start a gym center in Nov 2019. Invested an amount of upto 1.2 cr. (most of it was taken as a loan taken on the name of firm). Due to one current situation two partner wants to exit, while the third one want to continue as proprietary business.
Q1: What happens to GST on capital goods (unclaimed credit) and related procedure
Q2: What about the loan taken on the name of firm
If toll charges being claimed separately (cumulative toll receipts) in a Month, whether TDS applicable on such reimbursements. Please clarify.
An assessee is having turnover in trading activity of Rs. 15 lakhs in financial year 2019-20 and total income is around Rs. 25 lakhs which includes income received from partnership firm as a partner in the form of interest and salary.
Whether the assessee can declare profit @8%/6% in respect of trading activity and file the return of income without getting books of accounts audited or
Whether the assessee has to get his books of accounts audited as total income exceeds basic exemption limit as said in 44AD(5)?
The assessee had declared 8% in past financial year.
As per notification,if turnover is more than 5 crore,and due date of filing gstr3b for mar,20 is 20.4.20.After 15 days w.e.f 20.4.20 interest @9% is leviable.If tax payable for mar,20 under cgst act is Rs.50,000 and under sgst act Rs.50,000.then interest@4.5% on Rs.50000 and 4.5% on Rs.50000 is leviable or 4.5% on Rs.100000 cgst and 4.5% on Rs.100000 sgst leviable?
Sir,
I have close my partnership firm in the month of mar 2020, and open proprietorship business and returns of IT and gst is pending of partnership firm.
Here i want to know, the stock which i have in partnership firm, can be shown sold to my new business in this month.
Please suggest its very important.
Dear All
As announced by Honble Finance Minister, the TDS rate has been change by 25% on various sections like 194 C and 194J. Please confirm whether the deduction is applicable with respect of Invoice date or Payment date. Some clients have booked Invoice before 14.05.2020 and when payment is given after 14.05.2020 are still deducting 2% (194C).
Please help to get a clarity. Thank you in advance.
We have given raw materiel for weaving sarees . and paying wages for the same. Kindly advise me weather we have to pay gst on reverse charge on wages. As this is most urgent we need your valuable as early as possible.If we are not to pay gst under RCM let me know is there any notification in this regard. Thanks in advance,
K.B.NAGESHA RAO.
9448826793
HOW TO OBTAIN COSMOS RBI USER ID AND PASSWORD