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Amshumali Sharman
12 March 2024 at 16:33

Income Tax on Debt Mutual Funds

Hello,
Since the indexation benefit has been removed vide the Finance Bill, 2023, is the indexation benefit applicable to debt funds purchased before 1st April, 2023 and the gain taxable @ 20%?Or is it taxable @ 10%/the slab rates?


Mahaveer Jain
12 March 2024 at 15:53

TDS RATE ON SOFTWARE

DEAR SIR

PLEASE SUGGEST THE TDS RATE AND SECTION FOR (ONE TIME SETUP FEE) FOR NEW SOFTWARE PURCHASED FOR ACCOUNTING.

THANKS
MAHAVEER JAIN


Bhai
12 March 2024 at 15:14

Salary Tax -TDS for Inoperative PAN

Dear Sirs,

While checking few PAN of our employees, some were inoperative.

How Is it possible for checking all employee PAN.

Since we have calculated salary tds on regular basis, what will happen if we file the returns based on regular working without knowing inoperative status.

Whether returns will be default and we will receive notice for lower deduction of TDS.

Kindly advice.

Thanks.


Yalamarthi Srinivasa rao
12 March 2024 at 15:08

Regarding Form 15 CB

The limit for filing of form 15 CB is payment or aggregate of such payment exceeds Rs. 5,00,000.
The threshold limit of Rs. 5,00,000 is per person or aggregate of all persons? Kindly clarify it with quoting respective section number or rule number.


Smrity
12 March 2024 at 14:53

Eway bill Part B not filled

Hello All,

Need a solutions for the following query

Who will prepare Part B of Way bill if consignment is dropped with the transporters office like v-TRANS , ACPL., Since our Part A says ' Not Valid for Movement as Part B is not entered [324Kms '.

And who is liable for this.


keerthana.p
12 March 2024 at 13:19

Reversal of credit ledger balance

a party wrongly shown gst input credit in itc availed during the year 2020-21 but the same amount is not utilized so far. the amount is still reflected in credit ledger. how to nullify the same amount so that it should not seen in credit ledger


new era nirman
12 March 2024 at 12:38

CAR RENTAL SERVICE

How to maintain car rental service accounts in tally
What expenses will have to be shown & under which head
I have 5 cars...4 driver
Somtime i hire car from vendor


pradeep

Hi

Request you to please send format of Authority letter to attend GST assessment as per department format/requirement


Sudhir
12 March 2024 at 07:51

DEduction under 26QB

I inserted the date of Agreement 6 days earlier than the Actual Date of Agreement by mistake. The amount of Tax deducted is correct. Will it invalidate the challan? Can we change the date of the Agreement after the challan/Statement of TDS is generated?


Rahul Raj
11 March 2024 at 23:54

Salary from trust and two companies

As an accountant, I am deducting TDS under section 192 from the salary received by the person from both the trust and the two companies. Please advise if this approach is appropriate.

Additionally, can an individual receive a salary from two different companies simultaneously?

Please help me







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