Dear Sir Can we amend sales bills for the F Y 2017-18 & 2018-19 one my customer now demand the same and at the same time he filed his annual Returns for both period. Advise me in this regard. Thanks in advance.

We have issued a Work Order to OEM (Only Equipment Manufacturer) Vendor for "Hiring of Services for Repair/Restoration of Wind Electric Generators". The Work Order is of two parts (1) is Refurbishment of Materials and (2) is Refurbishment : Service Part. these can only be done by the OEM but not others.
whether the Services are liable for TDS u/s 194c or 194J? Also pl. advise whether both Supply & Service parts are liable for TDS or only Service part.
kindly advise
regards,

A company hold GST Number and sold old car with profit.

any GST liability on company.. please reply as per rule or provisions applicable on company .

Home loan deduction allowed for how many years on Intt Payment & Repayment of Principal amount.

Sir / Mam
We are Private Ltd. We are in position to show the provision for income tax up to Rs.14,00,000/- in the final report.

Our Auditor has advised us to show it in Profit and Loss account from the account of TDS receivables of Rs. 25,92,321/- as on 31-03-2021.

That means, he tells us to pass a contra entry between P & L account and TDS Receivable account.

As this is very first year of filing, Plz advise us whether this concept is correct or not.

Thanks in adv

whether rebate is available in lottery incom?

Eg salary 300000/-
lottery 15000/-

Hello All
My client has given his residential property on rent for Rs60000- pm to an individual.
I want to know:
1. Is there any tds applicablity on the tenant. If yes how much tds he will deduct monthly or annually?

2. If the commercial shop is given on rent then what is the applicablity of TDS on the tenant who is individual..

Pl advise.
Regards

M/s XYZ Pvt. Ltd., in the normal course of business, obtain funding from bank in the form of fund based as well as non fund based. Bank levy bank charges, processing fees, etc. On this TDS is not deductible.



Now, say M/s XYZ Pvt. Ltd. is in requirement of more funds and bank is not funding the requirement. So M/s XYZ Pvt. Ltd. goes to say M/s PQR Pvt. Ltd. who has bank facility available. They enter into some common agreement wherein PQR Pvt. Ltd. will provide required bank facilities to M/s XYZ Pvt. Ltd. and in turn M/s PQR will charge some amount to M/s XYZ (the amount they would have paid to Bank if Bank would have given facility). 

Now, this will be Expense under books of M/s XYZ.. Whether on this expense TDS is to be deducted? 

My total sales turnover is Rs25 lakhs. AM I liable to Tax audit. There is no cash receipt and cash payment during the year. Please advise urgently. My Gross profit is 1.25%.

Hi

I have query, proprietor has two GST registrations one in Delhi another one in Bangalore on one PAN. Now proprietor import goods in Delhi from outside India on Delhi GST registration. Half of the goods sent Bangalore for sale, now can IGST import be used for set-off against the output liability of Bangalore's sales.