Hukam Chand
26 October 2023 at 12:35

Sub: Provision for Expenses

Dear Sir/Ma'am,
Actually, I want to some doubt clear with you, I have finalized my pvt ltd company books of account and My auditor have aleardy passed some provision entries in my books of accounts as on 31-03-2023(2022-23). Auditors have pass the the some provision entry in my books of Accounts.
Audit fees Dr. 100000.00
To Tds on Audit fees Cr. 10000.00
To Audit fees Payable Cr 90000.00
(Provision due for the year)
Please clear my point what is the releveance of entry as of now going of month october, 2023 and my auditor giving me the bill of Rs. 1 lac (no charge the gst in the invoice)
So, now this month What kind of entry passed in my books of account in this related provision and and which month & Quarter i deposited the Tds amount and return (2023-24).
can i have to file the tds return third quarter 2023-24 nethier 2022-23 quarter-4.
Please assist us for giving me the pratcikal example.
Please


M.Ramkumar
20 October 2023 at 21:40

Transfer Pricing Audit u/s 92E

Dear Experts,

Kindly let me know whether Cost accountant can Conduct Transfer Pricing Audit


Santhoshi Sharma
20 October 2023 at 17:25

GSTR 3B - Permanent reversal

In GSTR 3B , temporary reversal amount is shown in permanent reversal. Please suggest how to rectify this issue in GSTR 3B.

Thanks in advance.


Kunjan
20 October 2023 at 17:01

Section 11 - itr 7 --.asst 2122

for asst.2122, 10ac registration details are not required to be stated in itr7. only very old income tax registraion details were required.

, yet 143(1) rejeected my exemption simply because, i didnt write 10ac registration details in itr7.

can anyone tell me , was 10ac required in asst. 2122?

matter is in appeal now.
regards, ca kunjan
(my view--only from asst.2223, 10ac registration deatsils were to besatted in page 1 of itr7)


Mukund Seshadri
20 October 2023 at 16:55

Old claims - missed deductions

My parents who are senior citizens have failed to avail the benefit under 80 TTA - this is because of lack of knowledge- Is there a way I can claim this now for the past years. I do not think rectification allows it.


Prithvi Rao

Sir, I am a Director of a Private Limited Company. Recently we purchased few Compnay required items from Alibaba.com. We used the Imp /Ex Code of the Company. I used my personal Credit Card to make a pmt of about US$ 3250. To complete the transaction with my Bank I have provided all the required details like Invoice, Payment , Delivery, etc to the Bank. They are not closing the transaction stating that Director Cannot make payment on behalf of the Company. Please advise.


CA Abhishek Singh

Hello everyone,

a company received notice u/s. 276B for delay in payment of TDS during covid.

Reason for delay was work from home.

Department has asked for evidence that employees were working from home .

we have mail from HR team on two occassion but 3rd and 4th work from home was declared verbally.

can we prepare and submit board resolution for each instance of work from home ?
will that be accepted by the department ??


dilip
20 October 2023 at 12:16

GST E INVOICE LIMIT

OUR COMPANY TURNOVER CROSSED 5 CRORE LIMIT IN OCTOBER-23, THEN E INVOICE APPLICABLE FROM WHICH DATE/MONTH....01.04.24 OR IN OCT-23


vijay

We have office in Mumbai which is also GST registered, our Director who have home in Lucknow plans to buy some equipment there for office work.
Can we claim ITC if the invoices is billed in name of our company


B T Patel
20 October 2023 at 11:29

AOP/BOI/TRUST

Sir, We have formed a society for the purpose where we all the members together collect funds and go for the holidays, Take dinner, participate in other social activities too. We have around 150 members. Also planning to invest in Asset like property. So basically my question is what will be the position for income tax and which formation is required i.e AOP/BOI/Trust?