satish
31 May 2020 at 06:04

How can we get audited annual

how can we get audited balance sheet and profit & loss account of a company


SJ Vineet

I have received intimation u/s 143(1) due to a mistake in the TAN number of deductor in TDS - the amount in 26AS matches but the TAN number was wrongly mentioned in my ITR2 return.

In the rectification, Should i upload a revised XML with all the schedules or only the TDS schedule


smit shah
31 May 2020 at 02:23

Tax on foreign transaction

Sir i am Smit , my friend from USA wants to do FDI in india so which sector is good for investment in India? he wants to transfer 10MUS$ in my account but due to RBI monetary restriction his HSBC bank in USA have refuse to transfer his 10mUS$ in my account in S.B.I, so he created to my online account in his HSBC BANK USA , he transfer his 10MUS$ money from his HSBC bank regular account into My HSBC bank online account now his bank (HSBC) says that i will transfer this money from my online account at HSBC bank into my regular saving account in SBi through online way. So sir is this transaction is legal in India, as per Income tax laws and banking laws ,if it is legal what percentages of TAX will be levy on this transaction by Income tax department.?
Note- Sir i am Indian citizen not NRI and my friend is USA citizen)


P. SHARMA
30 May 2020 at 22:56

TDS

One of the staff (Peon) of my company has a Salary Income below the Taxable Limit for the FY 2019-20.
Please inform me, it is mandatory or not, to include his salary income in the TDS Return (Form 24Q).


Sandeep Poddar

We buy Wires for a Company and the UOM mentioned in Invoice is in meters, which (UOM in Meters) is duly recognized by GSTN.

We raise invoices of same product, in which we use Nos. (Numbers) as UOM (Again Nos. is also duly recognized).

Reason of doing so in ease of operation, as laborers and understand Nos. easily then meters, which they have to calculate?

Example by Product:

We buy a 90 Meter Coil of Wire, The company from whom we purchase shows the UOM as 90 meters sold to us, however we bill it to our client as 90 Meters Coil- 1 Nos. (we dont bill in meters, we show Nos. (Numbers)).

All the taxes which should be paid to Govt. are genuine even when billed in Nos.!

In GSTR1 we show Numbers in the HSN Section for said product.

My Query, Is doing this wrong from any perspective of GST Law? Experts, Kindly Enlighten!


bhavani t
30 May 2020 at 18:11

Hra

respected sir/madam,

is there any other maximum limit of HRA exemption, other than maximum amount of HRA calculated under IT Act.


Govardhan Varma

Can I know what is the extended due date for the Income-tax TDS Return for the FY:2019-20 Q4 regarding the Lockdown.
Can anybody have the Notification of Extension of the due date.


Tejas Jain
30 May 2020 at 16:56

Audit of Non-Corporate Entity

Is it compulsory to a non-corporate entity to get books audited if has availed term loan more than Rs. 10 lacs and working capital of Rs. 5 Lacs as per RBI circular or it is only for working capital above Rs. 10 Lacs


Amit Garg
30 May 2020 at 16:32

Pension

My son is suffering from Thallasemia disease which is covered under disability act. I am getting pension from government which is given to disabled persons. In which head, this pension amount should show and is it taxable?


Ajay R
30 May 2020 at 15:56

TDS 194IA

We have paid TDS on Purchase of a Property, Can we Claim TDS on said property while IT filing.