My client is paying rent Rs.58000 pm.he is paying rent monthly.till date he has not deducted any TDS. Shall he deduct tax in the month of March 2020 and pay to Government

Sir

Can a Statutory auditor certify the AOC 4. Is UDIN required to be generated? There is no provision for using the UDIN in the form

Regards

Murali N

Is it mandatory to file Gstr9 even though turnover Rs. Below 2 crores

The assessee got Notice u/s 143(2) of the IT Act, 1961 for As.yr. 2017-18 on his email on 18.10.2018. The Date on Notice is 29.09.2018.

Whether this notice u/s 143(2) is valid as it was received by the assessee on 18.10.2018 even if it was dated 29.09.2018.

Thanks in Advance.

Supposed one business running under partnership and turnover crossed 1 crore and want to file income tax return under section 44AD what accounts need to be audited.

We request expert opinion on restriction on GST ITC Credit with reference to notification no 49 dated 09.10.2019 and circular dated 11.11.2019.

We are asking query with example to understand the point.
Total GST Credit as per GSTR 2A - Rs.100/-
GST Credit as per GTSR 2 - Purchase register - Rs.110

In the above case the assessee is eligible for Rs.100 + 20% on 100 = 20 = Rs.120 As per GSTR 2 credit taken is 110.- Hence the asseses is eligible for Rs.110.

or
We have to work out the exact matching of GSTR 2A and GSTR 2 - Supplier wise and 20% is to be considered for matched amount.

Please also advise whether the assessee can consider the credit reflected in GSTR 2A in previous month and a accounted in the current month.

Pl clarify that late fee (not called penalty u/s 37 of I T Act, 1961 ) for GST and TDS retrun filled is a allowable expenditure under I T Act,1961

I filed revised returns for 2017-18_Q4, before filing revised returns in original TDS returns challan amount excess, at the time filing some of the deductee does not have valid PAN, at the time of revised returns I adjusted excess amount to remaining deductees who does not have pan at the time original returns, after filing the revised returns, the returns rejected and reason is as follows:-Validate for total amount of tax deposited,

Note:- Above returns both original and revised returns filed in income tax efiling website. Give me valid suggestion for acceptance of revised returns.

Is solar power installation come under work contract. If yes, How to make invoice for same as 70% of taxable value deemed as supply of goods rated 5% and 30% deemed as supply of service rated 18%

In 2A credit of Rs.40000 appearing but comparison summary of GST portal it is not reflecting. What to do whether to consider this input or not?