Hi,

I have to purchase a mobile phone for my business use.
Kindy help me with below details.
1) Can I show it under asset and get depreciation benefit for it
2) Is there any cap on price of phone

Thank You!

business code Other professional services n.e.c. 16019.

Can ITR be filed under sec 44AD or 44ADA for services rendered under above business code?

Respected Sirs,
The issue is related with the Q-4 Fy 19-20
Suppose TDS paid is Rs 10,000
Less TDS to be deducted and paid is Rs 1,000

Whether Differential amount of TDS as of Rs 9,000 will go to the column of ( Other )

What will we do with the said TDS as of Rs 9,000

Can we claim refund of the said TDS as of Rs 9,000

or

can it be used during any quarter for any of the coming financial years such as fy 20-21, 21-22, 22-23 and so on.

Please guide me and oblige.

Dear Sir,
Our society is registered u/s 12A and 80G as per amendement we have to again upload a form. i want to know the form number and it is made available on site. and what is its last date

If a party has a GST number in a Regular Scheme, now he wants a GST number in the composition for another type of business on the same Pan number, can he get a new GST number in composition scheme?
Both business nature is different.

Please let me know Interest is compulsory while voluntary payment of tax through DRC-03?

Please let me know the consequence if interest not paid on the same.

Private Limited Company Incorporated on 23/01/2019 but till 31.3.2020 there is no turnover means NIL Sales. So can we do audit of 15 months (1.1.2019 to 31.3.2020)
and Prepare Statutory audit report for 15 Months ? if yes then any additional disclosure required in audit report?

We have organized Vigilance Awareness Week and conducted various competitions for Employees and their Family members and we have purchased Gifts for the Winners. Can we avail the ITC of the Gifts purchased?
regards

in Challan 281 , which section is to be selected for TCS on sale of goods wef 01.10.20.
Section 206C(1H) is not available in challan 281.

Dear Experts,
I want to know the procedure of taking over of a unit in a propreitory business by a newly formed Pvt Ltd company. The propreitor of that business is a major share holder in the newly formed Pvt Ltd company.
1. We need to understand if any Sale/Assignment deed is to be made between Propreitory and Pvt Ltd?
2. Any Capital Gains applicable on the movement of stock if they are brough at booked values ?
3. Propreitory concern is a MSME unit and taken credit facilities in a nationalized bank, how to transfer the facilities from the bank (propreitory current account) to bank (Pvt LTD current account)?
Appreciate your expert advise/suggestions.

Regards
Sudheendra.