A Foreign UK based company providing service to Indian Entity. Foreign entity obtained TRC (Tax Residency Certificate) and form 10F also filed.
Whether Indian company should deduct TDS in this case, against payment to foreign company?
If TDS deducted, how foreign company can claim refund of the same?

In income tax proceedings if outstanding demand is paid in portal but interest is not paid then interest on such demand would accrue 1% per month or would it be stop accruing?

Sir,

While verifying IT liability using income tax calculator shown in IT portal, an error was noticed. When a person having a total income after standard deduction of Rs. 50,000 amounts to Rs. 5,60,000. As per the new Regime, person having Gross total income up to 7,50,000 does not have any tax liability. But the tax calculator shows a tax liability as per the new regime of Rs. 3,120. Is it Correct?

Dear Sir,

The criteria mentioned for audit committee applicability for private co. is Rs.50 crores as per companies act 2013 and rules thereunder.
My query is which items shall the borrowings be taken under the head borrowings, if short term borrowings, long term borrowings , trades payables, short term provisions, other current liabilities like advance received from clients, security deposit, statutory liabilities are included under borrowings.

Kindly advise .

Thank you in advance.

Is depreciation allowed for Commercial property/ residential property purchased and let-out by professional firms or in individual name. what is the rate of depreciation allowed?

please tell me what is previous RRR number in TDS correction filing

Respected Sir
Please clarify whether a gstr 1 filed for FY20-21 can be amended now.
Thanks in advance
Sree Prakash

my friend taken a franchise from "ME SHOWs" for courier services and start business. He also plans to do other business. now, he want to take a GST registration. he want to start his other business in the name RAMESH ENTERPRISES. in this situation, how to register for GST.
1) he can register in the name of ME SHOW and RAMESH ENTERPRISES
2) if he registered in the name of RAMESH ENTERPRISES, is there any problem with ME SHOWs,

please give detailed clarification and suggestions and also guide me in this.

OUR FIRM REGISTER IN RAJASTHAN UNDER GST COMPOSITION SCHEME (TRADER)

WHAT IS D THREESOLD LIMIT OF COMPOSITION DELAER (TRADER) IN RAJASTHAN

THANKS IN ADVANCE

Sir/madam
suppose if a credit co operative society incurred a loss from business of Rs. 1 lac & have interest income on deposits of Rs. 2 lacs i.e. 1 lac from investment with credit society & 1 lac from interest on deposits with nationalised bank then 1 lac business loss can be set off against the FD interest earned from deposits with nationalised bank & remaining 1 lac interest can be claimed as deduction us 80P(2)(d) ??
please reply thanks in advance