Our Company takes Overdraft Facility from Bank & gave Security of Property and its source of income is Rent Collection from Tenants, while a Tenant Gave Rs.50,000/- Advance at the time of Joining Home(2018) & Last 6 Months he didn't pay rent of Rs.36,000/- on Feb 28th, 2021 he vacated and We deducted All 6 Months Pending Rent Receivables Rs.36,000/-,Painting charges Rs.6,000/- and Returned Him Rs.8,000/- How can I record these are above transactions in Tally

I was applying GST reg for one of my clients,since his business commenced on 1-10-2018,I put that date on GST website.Now the GST Officer raised the query asking why hasn't applied before.I replied threshhold limit is not reached,we applied as voluntary.Will the dept ask for GST filing from Sept-18 or from now?

Dear Sir ,
This is to inform that we have recently partitioned our Family HUF by mutual agreement by all members. There was only Bank account held by HUF, the amount of which we have distributed among the family members and the Bank account is closed.

Now our query is -

1. There is a TDS refund due for the F.Y: 2020-21. Now since the bank account is closed , can we get the refund in the name of Karta.

2. We want to surrender the PAN of the HUF. So shall we have to wait till the online assessment order is received by CPC Bangalore or will have to file manual IT return with the concerned ITO relating to our jurisdiction.

3. Surrender process of PAN.

We request you to kindly help in solving our above queries. Looking forward to hear from you soon.

Best Regards
Uttam Chhajer

Dear Experts

Kindly advise we have paid salaries to employees in the month April-2020 (Lock Down Period) and paid PT to the department also.
But after lack down decided to not to pay salary for the month of April-2020 and deducted the amount in the months of June july aug-2020.

Kindly advise PT paid for the month of April-2020 is without salary pt payment is there in our books.

How to adjust this amount

sir,

when e-way bill is mandatory for consignment value

thanks in advance

Statutory body which comes into existence under section 3 of Advocate Act, which has alloted premises in Government premises, so not having shops and establishment license, is liable to registered in EPF? Actually it is not a profit making organisation and not comes under private sector.

Will completing the GST Certificate course from the ICSI authorize one to work as a GST Practitioner (including the authority to certify reports) as an alternative to the NACIN GST Examination? Is the NACIN GST Examination mandatory to practice as a certified GST Practitioner?

Hi Everyone,

We have purchased machinery and as vendor issued invoices one by one i assumed that the machinery is inclusive of installation so i deducted TDS u/s 194C . Now later on they issued separate invoice for installation .

So what to do ?

Should I deduct TDS u/s 194C or 194J for installation invoice & that too on what rate ?
If I deduct TDS on installation then what to answer if they ask that why you deduct TDS on machinery invoices ?

Thanks in Advance

Is there any problem in doing unregistered sale under 50000 and collect the same in cash

An LLP has an existing shareholding pattern of 95:5 ( by A & B) with Capital contribution @ 10L. Now a new partner (C) is joining the same & 1 of the existing partner is retiring & the other partner is also selling his stake.
The New Partners - A & C
New Shareholding - 50:50.
But C is buying the stakes of A & B for a total Sum of 25L.

So what will be the Accounting effect for the same in the books of LLP & partners & how the gain on sale of shareholding needs to be booked at & at what rate it will be taxable ?