P. SHARMA
06 June 2020 at 10:01

TDS - interest

Bill booking date 05.04.2020. Payment to vendor 08.04.2020. TDS amount Rs 6250/-.
I shall pay the TDS for the month of April 2020 on dt 06.06.2020.

Please inform me the Interest amount.


Kollipara Sundaraiah
06 June 2020 at 09:47

Payments allowed

assess ( section 44 ad or section 44 ab i.t. return filing person ) purchases of goods credit based value rs.39500/-dt.20-05-2020.
Payments detailes:
Rt.no.20 dt:26-05-2020 rs.10000/-
Rt.no.21 dt:26-05-2020 rs.10000/-
Rt.no.29 dt: 29-05-2020 rs.10000/-
Dt.no.30 dt: 29-05-2020 rs.9500/-
Above transtration
two sections i.t. returns filed person
Payments allowed as per i.t.act.


sadikhali
06 June 2020 at 09:38

Reverse Charge Mechanism(RCM)


The reason being provided for the same is that selling of old gold jewellery is not the business of the individual and hence the said transaction does not qualify to be a supply and hence it will not attract any provisions of GST and hence no tax is payable on a reverse charge basis.

However, it must be noted here that if the old gold jewellery is sold by the unregistered supplier to the registered supplier, provisions of the reverse charge mechanism are applicable and tax is payable accordingly.
RCM applicable on above situation is it still exist


sadikhali
06 June 2020 at 09:26

TDS

2020 March month TDS on rent Rs.2000 (deducted 31/03/2020)
,TDS payment date 06/06/2020
,how to calculate interest on TDS
,how many month included for Interest calculation
,and relaxed interest rate(9%) applicable for which months


Daya

in a company suppose a sales staff to reduce TDS amount on his salary he takes as a commission amount to his wife name from which he can minimize his TDS amount . can company face any consequences on complaint made to income tax department.


Daya

in a company suppose a sales staff to reduce TDS amount on his salary he takes as a commission amount to his wife name from which he can minimize his TDS amount . can company face any consequences on complaint made to income tax department.


Daya

if any Pvt. Ltd. company in Delhi not following labour law , can be any consequences.
Company is paying below Rs. 10.000/- ( Ten Thousand per month) per month to its office boy. there will be any consequences. and also company not provided appointment letter to the office boy of company . But the office boy is working whole day in office.
as per Delhi labour law company can face any consequences.


P. SHARMA
05 June 2020 at 21:12

TDS

TDS Liability for March 2020 has been paid on dt 30.05.2020.

Please inform me, for tds calculation how many month to be considered.


MAKARAND DAMLE
05 June 2020 at 20:27

GST Registration

Assessee is a sole proprietor of two firms and he has taken gst registration for both firms under one registration.

The registration certificate GST Reg - 06 mentions both firms

whether above procedure of taking one gst registration for two firms under one proprietorship is correct ?





MAYANK CHOKHANI
05 June 2020 at 19:56

Casual Vacancy of Auditor

If an auditor gets disqualified to continue audit after 2nd year and then again becomes qualified after a year, can he be appointed for new term of 5 years or the remainder term of 2 years or 3 years ..

Thanks in anticipation of answer





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