Helper
24 April 2020 at 20:58

Section 2(85) - Small Company

Dear Expert,
The definition of Sec 2(85) says ‘turnover as per profit and loss account for the immediately preceding financial year does not exceed two crore rupees or such higher amount as may be prescribed which shall not be more than one hundred crore rupees…”.

So what is the turnover threshold for getting classified as Small Company currently ?
Is it two crore, 100 crore or is there any other amount prescribed by the MCA.
Pls update since the turnover of my client is 5cr as per last year audited FY.


Soma Rajeshwar

Dear Sir 🙏,
Am arranging a donation of ₹90Crores to 80G society..
They are ready to pay ₹5Crores commission after deducting TDS..
I will show the same in ITR for the current fiscal..
Please guide and advice me..

Regards
Soma Rajeshwar


SATISH CHANDER
24 April 2020 at 16:27

AUTHORISED SIGNATORY

At GST portal , there are 3 directors in a pvt ltd.company. Mr.A, Mr. B and Mr.C.
Mr. A is primary authorized Signatory and is the only one authourised to file GST Returns.
Now Mr. B is also to be authorized to file GST Returns . Can you please tell me the procedure how he can be authorized.


SATISH CHANDER
24 April 2020 at 16:19

AUTHORISED SIGNATORY

At GST portal , there are 3 directors in a pvt ltd.company. Mr.A, Mr. B and Mr.C.
Mr. A is primary authorized Signatory and is the only one authourised to file GST Returns.
Now Mr. B is also to be authorized to file GST Returns . Can you please tell me the procedure how he can be authorized.


SATISH CHANDER
24 April 2020 at 16:14

AUTHORISED SIGNATORY

At GST portal , there are 3 directors in a pvt ltd.company. Mr.A, Mr. B and Mr.C.
Mr. A is primary authorized Signatory and is the only one authourised to file GST Returns.
Now Mr. B is also to be authorized to file GST Returns . Can you please tell me the procedure how he can be authorized.


Alpesh Vala

My employer had paid me extra salary during FY 17-18 & FY 18-19 due to some mistake at their end. TDS was deducted as per salary paid during both the FY.
Now, my employer have recovered total amount of apprx. 1 lac in FY 19-20 for extra salary paid to me during previous financial year.

How can I claim income tax rebate for this 1 lac for which I had paid income tax during previous Financial year?


akash agrawal
24 April 2020 at 15:33

TDS on Salary

What is basic slab above which TDS on Salary will be deducted of an employee for the Assessment Year 2020-21?


Mohd Salim
24 April 2020 at 10:21

MEIS,TMA,Duty Drawback

we have done export FY - 19-20, MEIS,TMA, Duty Drawback is not recieved. Entered in ballance sheet or not.
which head showing in ballance sheet?


Amar
23 April 2020 at 19:27

TDS ON Salary

I am working at hospital here We are having nearly 70 doctors . We are paying A fixed salary and also professional charge (variable month by month). As professional charges that we are paying is part of salary (employee and employer relationship) we need to deduct TDS U/S 192 salary. The Query is professional charges variable month by month at what % TDS to be deducted ? if deduct 30%+Edu. Cess Many doctors are against as they are getting less in hand. Kindly please someone give me a solution how can we calculate and what % ?

Thank you


Helper
23 April 2020 at 19:05

CODE OF WAGE ACT,2019

Dear Experts,
Would like to known from which year , the Act is applicable.
Is it applicable for FY 19-20 & from which date.






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