Dear Expert,

I work in a small PVT LTD company. I have finalized the accounts of the company for A.Y. 2019-20. There is a net profit (after depreciation) around Rs.7,00,000/- and TDS amount around Rs. 5,00,000/-. Do I need to make any provision for income tax for A.Y. 2019-20 ??

Please guide me.

A company has sold some assets and also disposed off some assets. The block is still there.

While calculating depreciation as per income tax, in the case of sold assets - the realisation value is deducted from the block.

What would be done in the case of disposed off assets which are written off in the books?

Sir/Ma'am

We have more than 20 employees in our concern (Society(Termed as govt. Council)). But still we have not deducted and contributed to pf & esi. And more than 55 employees are getting Rs.16,000/- as Fixed. Please let me know is the pf & esi act applicable to us.

Regards,
Navneet Thakur

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1. One service provider having PF registration deputing worker ( who is also covered in PF list of the service provider) to one concern .
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XYZ Ltd. Is hiring Bus (More than 13-seater capacity) for transporting the employees. The supplier of bus service is not charging GST being not registered with GST and is a proprietor. Is XYZ Ltd. liable to pay GST on it under reverse charge?

Sir,
My client willing to purchase a proprietorship business in the same name which is sold by his uncle what will be the best treatment of stock and GSTIN.

An assesssee who invest MCX COMMODITY tRADE. dURING THE YEAR ONLY 3 TIME TRADE DONE TOTAL PURCHASES 706000 TOTAL SALES 703250.DURING THE YEAR. aSSESSEE'S OTHER INCOME EXCEEDS TAXABLE LIMIT. hOW TO TAX COMMODITY TXNS