Hi Team,

Can somebody help me to know an understanding the present requisite to have a payroll system for a new company?

To start with, Should a company have a separate company Labour Law?

What are the laws should we consider for a new company who would like to start payroll?.

Thank you

I am a staff of a financial company working in TDS department. We had a TDS demand for 4 Financial years. We paid some challans in different dates towards different Financial years. Now I am not able to trace out how much amount was paid towards each Financial years. Can any help to find out it from Income Tax website or Traces website

Sir,
One I.t. assess cash loan to debtor balance 5 lacs( five lacs)as on 31.03.2019 as per books.
1. Cash receipt from debtor dt:20.05.2019 Rs.1,90,000/-
2. Cash receipt from debtor Dt: 19.07.2019
Rs.2,00,000/-
3. Remaining balance cash receipt from debtor Dt: 10.11.2019 Rs.1,10,000/-
Cash mode received.
Question :
Above transactions violation sec 269 St and penality payable.

Hello All,

We have Ordered for PEB Work to Supplier, as per PO Terms there is LD Clause if supplier not work done within time line LD will be applicable,

Now Work Completed but beyond time line so we are charging them LD.

Tell me Accounting Treatment for LD Amount,

DR to Supplier,
Cr to ?????

1.PURCHASED GOODS FROM US $ 1580.
2.THERE IS MIDDLE PARTY THERE NAME IS FEDEX AND THEY ISSUED ME A IGST CHARGE RS.21376.13 AND THEY PAID IGST SO THEY CHARGED TO ME..
3.NOW I AM CONFUSED THAT WILL I HAVE TO SHOWN IN REVERSE CHARGE IN OUTWARD SUPPLY IN COULUMN 3.1(D) AND CREDIT CLAIM ON "IMPORT OF GOODS" COLUMN IN 4(A)(1) IN GSTR 3B.
KINLDY GIVE ADVISE

Respected Sir,

A Builder has sold a flat in Feb 20 for a sum of Rs 2.60 Crores.What will be the rate of GST on sale value ? The buyer has paid the sale value to the buyer but the buyer will pay GST from his account. In such situation what to do ? What kind of precautions shall be taken on such issue ?

Please guide me and oblige.

Employer did not give form 16 and deposited TDS. Computed and paid tax based on computation on XP’s given by manager taxation. IT has sent notice for recover by coercive means if demand amount not paid. Kindly advise at earliest

Can income from part time home tuition to school kids & providing homeopathic medicine suggestion (not a fixed fee but whatever is given as token or even free) in a very irregular manner be shown as income from other sources, it being hardly a lakh in a year, besides interest from s/b & fd a/c, total being less than 2.5, in itr-1. If yes, what descriptttion of other sources to be given. There is not any other income in this case.

Hello, I have a question

I sold a land gifted by my mother in law and I wanted to know if I club the LTgains as is (35 lakhs) with my mother in law income or after 54ec deduction which in my case LTCG taxable becomes 0. So there will be no income to club.

If the 35 lakhs is clubbed with my mother in law, will it be reported still as capital gains or income from other sources on my mother in law return

Where on itr2 do I show that the income reported and corresponding tds on 194a will be clubbed with my mother in law?

Thank you

A sole proprietorship production house is planning to sell a web series to any OTT platform like Amazon Prime.
Should it be treated as Transfer of Intellectual Property (IP) right in respect of goods other than Information Technology software and charged at the rate of 12% GST

If not Please tell the correct GST implication of the same ??