Dear sir,

As per Latest notification TDS Rates are reduced 25% and New Rates are applicable from 14.05.2020. Here my Doubt is..... In Invoice date is mentioned as 12.05.2020 But in our books GRN/SRN Recorded in 16.05.2020 (This composite service i.e material + service) and Invoice copy also Received as on 16.05.2020.
Here my doubt is at what rate TDS will be Deducted....? either TDS will be deducted as per old rate because invoice date mentioned as 12.05.2020 i.e before notification (OR) Tds will be deducted as per new rate because GRN/ SRN is on 16.05.2020 i.e after notification.



Thanks in advance
Regards,
Bheema Reddy.

Dear Experts,

I am a trader engaged in sale of marble products, imported these COVID-19 supplies for the time being.
I am selling Mask & Infrared Thermometer(imported from China) on Flipkart portal. After 5 sale orders, now the portal is asking me for mandatory Form 20A license.
Can you please help me whether it is mandatory in my case?

I have Accounting Technician certificate. My ca final is pending and i want to start my own office as tax consultant. can i use designation as tax consultant by making own website, visiting card and the display board outside my office?. further the same question about stamp and office seal. can i do so? and what other options do i have ?

Income of Clubs and associaitons are excluded based on the mutuality concept. But how to claim the exemption in the ITR / Exempt under which section. Return has to be filed for getting the tds refund.

Dear Experts,
My name is Rama Krishna and working in Pharma company. during the lockdown period one of the contractor supplied food to company. He is don't have GST Registration and they submitted bill without GST amount.
now we have to pay RCM on bill amount? can we claim that amount?

Request to give your valuable suggestion in this regards

Dear Experts

Online application for 12A registration was made in January 2020. Trust was created in the FY 2019-20.
But till now we have not received any communication, Should we apply u/s 12AB

Dear Sir,

good Morning ! May I pay t.d.s deducted for the month of March 2020 which was due in 7th April 2020.Due to Lock down our office was closed.We have started office from 1st May 2020.what is the last date of t.d.s 4th quarter filing ?

As defined in 'complete set of financial statements comprises' one item includes ''balance sheet as at the beginning of the earliest comparative period when an entity applies an accounting policy retrospectively or makes a retrospective restatement of items in its financial statements, or when it reclassifies items in its financial statements''......in this why balance sheet at ''beginning of the earliest comparative period'' is to be considered & why not ''end of period''

Dear Experts,
I have filed a return for a trust and now notice u/s 143 (1) was sent showing a variance that the Amount applied during the Previous Year-Revenue Account and Amount accumulated or set apart for application to charitable or religious purposes or for the stated objects of the trust/institution to the extend it does not exceed 15 percent of income derived from property held in trust/institution u/s 11(1)(a)/11(1)(b) or in terms of third proviso to section 10(23C) being disallowed. As per the notice, tax is levied on the Aggregate Income during the PY without considering any expenses. We have been approved u/s 80G(5)(vi) and 12AA. Can anyone suggest me what to do?

Thanks in Advance.

sir,
I own a floriculture unit, which is exempted from income tax, but however i would like to know whether the enterprise has to be registered under msme. the capital investment for an acre is around 50 lakhs { as per NHB guidelines}. what are the implications if i register or not.
thanks,
tony.