dipsankar

Sir, My query is what is 6 Digit sac code of printing of newspaper (whose GST RATE @5% & SAC CODE -9988(6 DIGIT)). 6 DIGIT SAC CODE OF PRINTING OF NEWSPAPER.


Daya
12 March 2023 at 16:40

Tally shortcut command diiferences

what is differences between shortcut command in tally
Control + Enter
Alt + Enter.


Daya

While maintaining books of accounts of shares
maintain through investment
or
By Purchase and sale
My another question is that
Which method follow to maintain books of accounts ,
FIFO, FIFO Perpetual or Average cost.


Jaswinder singh
12 March 2023 at 13:40

Regarding ITC on Capital asset

Hello Sir/Madam,
Can a regd person claim a refund of unutilized Input Tax Credit on capital asset as per Inverted Tax Structure under GST because output is under 5% and input capital asset is under 28%?


Sushil Kumar Jain

I made a Fixed Deposit of Rs. 1Lakh at a contracted @7% for a tenure of 3 years on 1April 2021 in a private bank.
However due to some reason i prematurely closed the Fixed Deposit on 3April 2022. Being premature closure,the interest rate paid by the bank was reduced to 5% for the FD deposit period viz. 1April 2021 to 3April2022.
But the Bank had already deducted TDS each quarter of FY 2021 starting April2021 till 31March2022 on the interest paid @ 7% and the same had been deposited to Income Tax Department and also being duly reflected in the 26AS against my PAN for all these 4 Quarters of FY 2021_2022 (AY2022-2023).
Now the issue is as actually my actual income is less than the income reflected in 26AS, i am entitled to pay less income tax and so claim partial refund of TDS reflected in 26AS.
Please advise how to treat this TDS in my income tax return filing for the AY 2022-2023?


Manoj Kaushal
11 March 2023 at 22:18

TCS on debit note rate diff

Sir, if we make a debit not with rate diff only against invoice which already TCS applied than we should apply TCS in debit note or not? Please clarify.


m.mohanram

WHAT ENTRY HAS TO BE FOLLOWED?


Pradeep sen

now a days everyone talks about sharktank
my query is related to this
suppose a person invested 1 crore for 1% equity in ABC pvt ltd.
the existing authorised capital of the company is Rs.10Lacs equally holded by A & B. i.e. 50000 shares of Rs.10 each by both of them.
1. what will be the treatment of that equity investment.
2. impact on authorised capital of the company.
3. what will be the capital structure of company.


Pradeepa B K
11 March 2023 at 17:10

RCM TAX ON TRANSPORTATION

DEAR SIR
WE HAVE NOT PAID RCM TAX ON TRANSPORTATION FOR LAST TWO YEARS.
PLEASE SUGGEST ME HOW TO RCM PAID AND ITC CREDIT TAKEN NOW.


Kavita R

Suppose if the directors who was disqualified earlier and now shown as approved sign any forms such as annual return or bs? Or since he ceases to be a director on disqualification, he has to be appointed again through backend process or is there any other procedure to be followed Kindly advise.