sona1
04 November 2020 at 12:07

Tds deducted

We purchases material from suppliers. Transportation arranges by suppliers (Transportation cost including in invoice) and deliver goods to our factory address. Which details is given below:

Material Cost (Metal) Rs. 9,10,500.00
Add : Freight Charge Rs. 1,01,500.00
Add : IGST Rs. 1,82,160.00
Total : Rs. 11,94,160.00

our query is whether TDS should be deducted on above freight charges of Rs. 1,01,500.00


Santosh
04 November 2020 at 11:55

Accounting JV in Tally

Hi,

Can anybody help me on the below:

We have supplied material to customer for rs 103530.00 (98600+4930 GST)and bill has been raised for the same. Whereas the customer has transfered rs 99388.00 after deducting TDS and also GST @2% (i,e 2071.00 TDS & 2071.00 GST). pls help me how to account this in Tally. Also how it should be corrected in GST.

Please suggest me for this....


LAVINA CLETA D'SILVA
04 November 2020 at 11:18

Tax deduction at source

Under what section will be TDS be deducted for payments made to employees on contract basis of 3 months each. The appointment letter says that a sum of consolidated salary is paid and they will be working under the instructions of the branch manager w.r.t their duties and responsibilities and overall control and instructions of the general manager. They are entitled to only one day leave per month. No other benefits are available. They cannot undertake any other employment or personal practice.


SADIA
04 November 2020 at 10:55

Gst paid

Sir,
I had paid gst in excess since my vendors failed to file the gstr 1 within due date..... Now that they have filed it and I am able to claim the itc..... Can I claim the excess gst as refund? Or will the amount be adjusted in subsequent months?


Dikshit Shah
04 November 2020 at 10:40

Adjustment Entry

Dear Sir,

I Have Query About Export Ledger Adjustment . We Have sale Machine In Rs.5,00,000.00 Rawanda (South Africa ) Payment Received Rs.5,20,268.

Please Share Me Detail How Adjust Extra Payment Received Amount In Her Account


RAMESHKUMAR
04 November 2020 at 10:28

Taxation of Gift

One of client received rs.10 lakh by bank transfer as a gift from his brother for sacrificing his partition share of mother's own property .
Here his brother get it whole property in full. But he is sacrifice his 50% share. And his brother gifted rs 10lakhs on behalf of the sacrifice portion.

My query is,
1.Taxability of gift received
2.can gift deed needed or not for this,


MANOHAR P
04 November 2020 at 08:21

TDS APPLICABILITY ON FOREIGN PURCHASE

One of the software trading company purchases software from outside India. Is the company required to deduct TDS on purchase ??. If it will needed, what is the rate and section of TDS ??. The foreign company has PAN Card.
Please guide me.


Daya
04 November 2020 at 01:01

GST input on Hotel rent

My company registered in Delhi and some staff went to Mumbai for official works and stayed for few days
Hotel charges GST as CGST and SGST now my is that , can i claim CGST as input and SGST as a expenses .Please reply.


123456
03 November 2020 at 21:58

TDS on sale of property

sir,

please answer the following questions:-

1) if a US citizen who has a property in India and wants to sell by giving GPA to his cousin, what percentage of TDS , will be deducted by buyer on sale value.

2) if he personally visits India in order to sell his property. what percentage of TDS will be deducted by the buyer at the time of sale . (he has Aadhaar and pan card too)

Thanks in advance.


RAKHESH HN
03 November 2020 at 21:55

TDS

ಮಾನ್ಯರೇ, ಅತಿಥಿ ಉಪನ್ಯಾಸಕರಿಗೆ ಟಿಡಿಎಸ್(TDS) ಅನ್ವಯವಾಗುತ್ತದೆಯೇ? ಅನ್ವಯವಾದರೆ ತಿಂಗಳ ಅಥವಾ ವಾರ್ಷಿಕ ಸಂಭಾವನೆ ಎಷ್ಟಿರಬೇಕು? ಹಾಗೂ ಶೇಕಡಾ ಎಷ್ಟನ್ನು ಕಡಿತಗಳಿಸುತ್ತಾರೆ?






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