Sir, My deductor is not giving Form 16A from traces, whether there is option to download for Form16A by deductee i.e. by self

One company(A) had raised an invoice to their client (X) and that client has made payment to his sister concern company (B). So, now how to adjust this payment without transfer to that company(B) ?. Now, I raised the invoice from B company to A company of that amount but now I am facing the issue in TDS. If I have taken this invoice in A company and invoice amount transferred to X company but now I have required to deposit TDS and that TDS amount in debit. Please suggest how to adjust and what to do?

Read more at: https://www.caclubindia.com/experts/accounts-adjustment-2783959.asp

We sold goods to our debtor 1. Debtor 1 further sold our goods to our another debtor - debtor 2. Now debtor 1 wants that debtor 2 directly pays his dues of debtor 1 to us. Can he do so what is the procedure?

Respected Sir / Madam,
An assessee filed his ITR 4 for the A.Y. 2019-20 within due date but forgot to pre-validate his bank account before e-filing his ITR (as this is a mandatory requirement for getting refunds w.e.f A.Y. 2019-20). It's almost six months now, but his ITR has not been processed & hence no intimation u/s-143(1) has been received.

In response to a grievance submitted by him, he received the following response from CPC :

"Dear Taxpayer,The processing of your Re turn (ITR) is pending for want of verification of the correctness of certain claims made by taxpayer in the ITR. This is likely to take few months depending on the swiftness & accuracy of taxpayer response. Taxpayer may receive further communication from the Department seeking responses to specific claims made by taxpayer in the ITR which have been identified for further verification. Please do respond with the information sought, at the earliest, as the refund will be generated only once the processing of the ITR is completed."

After this, the assessee pre-validate his bank account succesfully, which he mentioned in his ITR for refund. But the email ID linked with the bank pre-validated is not same as mentioned in ITR already filed.

Now, does he require to change ITR Particulars option in his IT account for the email? Is it really relevant?
Or does he needs to revise his ITR before 31-3-2020?

It's already 20 days now, no response has been received from CPC regarding ITR processing.

Please respond as it is really very urgent. Thanks in advance.

Dear Expert,
We are paying rent to individual who is unregistered in GST. Should we pay rcm on rent u/s 9 (4) service from urd person.

Hello Friends,

A House is owned by me in mumbai. This House is given on rent and a housing loan is taken for this House.

House Rent Received during the Financial year 2018-19 is 175000 & Interest paid to Bank is 235000.

So, my query is what will be effect of such scenario.

How to show the Net Loss from Let Out Property ?

T & R
K P Bhanushali

DEAR SIR/MADAM,

PLEASE INFORMING TO PASS THE JOURNAL ENTRY & PAYMENT ENTRY FOR TALLY ERP9
*LATE FEE TDS INTEREST PAID *
ONLY PAYMENT ENTRY OR NOT.
JOURNAL ENTRY REQUIRED NECESSARY OR NOT. HOW CAN LEDGER TALLY BOTH.

Through oversight I opened wrong table of GSTR 3B. Instead of table 3.1 the eligible ITC was claimed in table 4 and the return is filed for Jan.'20.
This has created a wrong electronic credit. How do I correct this return or how do I amend in the next return ?-Pradip Shah

Dear Expert,

We are paying tds for godown rent an deducted @1% but we deduct it instead of 2 %
and the balance 1% we have refund it to customer

Can you please advise me how can we pass the journal entry to tally the tds and customer account

?

we are planning to launch a scheme based on sales volume where dealer gets gift based on their sales volume, we are able to take ITC on the gift purchased for particular scheme?