Payment made for notory Charges RCM is applicable or not , if not applicable please share any notification.

Can we deduct TDS against salary debit note ?

Can we claimed GST Refund on RCM Paid for unregister GST Person under 'Refund of ITC on Export of Goods & Servics without Payment of Tax'.

i will received notice from income tax department defective return us 139 (9) dated 1.5.2021 and i will response to notice dated 5.5.2021 but i have made a mistake again in return what can i do now ?

SIR I HAVE AVAILED ITC ON PURCHASE IN 2017-18 AS PER PURCHASE DOCUMENT BFORE MARCH 2018 3B
BUT SUPPLIER HAVE FILLED HIS MARCH 18 GSR 1 VERY LATE AT 25 AUGUST 2019
WILL MY ITC ELIGIBLE OR NOT

44 ad Gota Firm Business profit =205460/- and share trading short term loss (-256) And intreday loss (-1565) total Turnover share Business 5 lac.
which itr file? & Audit report applicable ?

Sir / Mam

We are Pvt Ltd. At the time of filing of GST for Mar-2021, We have missed One Purchase and One sale Invoice. But We have accounted the stock for both of them.

My doubt is,

Can we add those missed invoices in Mar-2021 GST Return again?

Plz guide me - Thanks in adv

Hi All,

I am a Seafarer & I am usually required to file ITR-2 since I normally qualify, as per the IT norms, as an NRI. During FY 2020-21, I was working on foreign ship for the first 3 months (April to June). In June 2020 we came back to India due to the pandemic. Since then I am home. Now this stay in FY 2020-21 amounts to more than 181 days in India. Hence, according to the IT norms, I am now a Resident tax payer & my global income of the first 3 months is now taxable in India.
(Kindly correct me if I am wrong with the above info.)

My total Global Income for those 3 months does not fall in the Taxable slab though.

My queries pertaining to AY 2021-22 are as follows.

1. Should I file ITR-1 or ITR-2 this time since I would be treated as a normal Resident tax payer?

2. I sent my first 3 months of income to my NRE account. Should I now consider that in my Taxable income calculations?

3. If yes, then in which Section/Schedule should I disclose it as "Global Income." (Kindly be very specific.)
(For example, if I am supposed to file ITR-1 this time, then should I disclose it in Section B : B1 Gross Salary?
If ITR-2, then which schedule)

4. Is Standard Deduction of Rs. 50,000 under Section 16 applicable to me?

Any other useful pointers would be highly appreciated.

Thank you.
CS

What would be the Accounting entry in Standalone books of Subsidiary in case of USA based holding company gives ESOP to the employee of it's wholly owned indian subsidiary Or what would be impact in Consolidated Financial Statement .

Hi,

I am resident of India and having my own proprietorship firm. The firm is registered and as a trade name and also GST# is obtained.

The proprietorship firm is registered to provide software/hardware consultancy. Currently I have a client who is US based. For this company I provide the consultancy and they would pay to my India account opened in the proprietorship firm.

Currently I am alone managing it but due to the work load and getting into contract with few other companies as well so I am planning to hire few employee/freelancers may be around 3 members. So I have some queries and need to know the process for the firm to follow

1. If I hire someone as employee do I have to issue offer letter and CTC details
2. Should I deduct the Tax, if the total payment for person in a year may exceed 10lac. What is the minimum wages ?
3. If I hire them as consultant should I still deduct TDS
4. Do I required TAN and legal process to follow
5. How do I pay them monthly ? can I use my firm account to pay them and show under the expenses ?

Please help