In form 3cd , while filing
26 (i)B was incurred in the previous year and was
26 (i)(B)(a) Paid on or before the due date for furnishing the return of income of the previous year under section 139(1)
S.No. Section Nature of liability Amount
1 Sec 43B(a)-Tax,Duty,Cess,Fee etc Professional Tax payable 64401
2 Sec 43B(a)-Tax,Duty,Cess,Fee etc TDS payable 651201

This expenses has been disallowed even though is has been paid before due date and refund got adjusted against liability .
Does anyone faced similar issue , what measures taken

Sir/Ma'am,
We have to transfer the ownership of Fixed Assets to Private Limited Company which is in the name of Partnership Firm.Kindly guide.

Mr. A is a registered taxpayer under GST. He purchased an A.C. for his office. ( Capital Good )
Mr. A have following query :
1. Can he claim ITC under the GST ? ( On capital good )
2. Can he claim depreciation on A.C. ( After claiming ITC under GST )

what treatment should be made in books of Accounts when discount received on fixed assets purchased.
discount received should transfer to P/L Account
or
Discount should be reduced from Fixed Assets.

Sir/Mam

we have deducted TDS @ 0.1% on GST purchases, we have purchased goods

Now My doubt I have to file Income Tax tds quarterly return or show in GSTR returns if GSTR Returns where i have to show.

Please clarify my doubts.

Thanking you,

i taken residency of other country and opened company and personal bank account. i will not stay in india to be nri. but now i have to transfer funds from my india account to new country account.

banker say that i can transfer without updating nri status also. because he say that status change takes time and i will not able to transfer when changing status for 1 week or more.

is that okay? if i send money from my personal india to foreign personal account? i come in 30% tax category and always paid. but will it generate some inquiry from it deprtment? because it is not nri status in bank.

banker also say i can change nri in account when i come to india in 1-2 mnths.

help please

Dear Sir,

Our company purchased e-learning study material ( sports ad recreational activities - example - diving ) from other country and there is no GST / Nil rated on their invoice.

Now our company wants to make invoice for the customer. is there GST would charged and not on invoice.

If charged, what is the % and HSN code.

Pls

Regards

Hello Experts,

My company had acquired another company, in their books they had a land in Fixed Assets. Part of land is acquired by the NHAI and paid us the compensation. This compensation is less than the actual cost of the part of land that is acquired.

Request you to kindly let me know the accounting treatment and Income tax treatment for the same.

Thanks in Advance.

Dear Experts,
TDS should be deducted during provision entry. For example, ABC Ltd booked the provision of audit fees for March 2022 Rs.100000.00 and the invoice received on 10th Apr 2022 Rs. 118000.00 including GST .
My question is
1) Should the company deduct TDS @10% of Rs. 10000.00 at the time of Provision entry.
2) if not booked TDS during provision entry then they can deduct TDS when invoice booking.
Kindly suggest me.

Sir,
A small business person rs:6 lacs cc loan required from bank.if bank manager asked project p&l and balance sheet for 2023 and 2024 and udyog aadhar registered certificate document required for bank loan purpose.
Question:
1.projected p & l and balance sheet for 2023 and 2024 how much sales turnover declared for 6 lacs loan.
2.udyog aadhar registered compulsory for bank loan purpose.