my client do not filed for last F. Y 2019-20 & 2020-21 years. can he get tds benift for last years if he file f.y 2021-22?.

Is tds u/s 194Q deducted on GST value or basic value?

Can a newly set up small Pvt. co issue Preference shares convertible into equity shares at a later date to the Indian and (an overseas investor under FDI) willing to infuse funds. What is better option to issue Equity or preference shares or mix of both.

Thanks
PC Joshi

Dear Respected memebrs,

Our company with paid-up capital is recently sold to new owner.
We gave the previous owner his entire capital back and paid a portion of the profit company earned.

Could you please tell us the entry in tally ?

As per AS 2 Inventory needs to be valued at COST or NRV whichever is lower. Accordingly for Year1 assume client follows weighted average method for inventory records & closing stock cost was Rs.100 and Market value was Rs.80, therefore valuation was done at Rs.80 as per AS2.
In year2 for valuation what should be cost to be considered to be compared with NRV ? i.e. if NRV is Rs.110 then which cost to be compared i.e. Rs.80 (as per AS2 of year1) or actual cost of Year1 i.e. Rs.100. Kindly give clarification & also reference of AS2. Also is it not considered as upward valuation if compared with opening stock value .

How to charges GST in the case of
Trade Discount and cash Discount.

Dear All

1. An existing firm changes its FIRM name. Can the new name be amended in GST Registration without change in PAN of the FIRM.

Kindly reply
Thanks

Respected Sir, one of our client has applied for branch adding on 18.05.2022, and generated ARN number for amendment of core fields, present status is pending for processing. My question is the client can do business in that branch. please if ok.do... any supporting please sir...

One of client has not filed the income tax return since 2017 - 2018 financial year . The client is salaried person now how can i file the return online please help .

Is TDS applicable on Marketing Commission ?If yes, then What is the TDS rate?
Can a retail company raise an invoice for marketing commission?