I have filed return u/s 44AD for F.Y. 2018-19 declaring profit @6% of turnover and my turnover was 1,10,00,000 (1.10 crore).

For F.Y. 2019-20 do I need to deduct tds u/s 194A?

Am I liable to deduct TDS for F.Y. 2019-20??

Respected Sir,

Due to heavy rain, buileding poll down it effect huge stock has been damage. around 2000 Packet.Insurance company cover very less value. Please suggest to me how to pass the entry in books of account which not effect my Gross profit.
Please advise

In 2018-19 financial year , i wrongly clained itc of igst in cgst and sgst of Rs 4500/- . I realise it while filing annual return now . How i to rectify it ? or i have to pay cgst and sgst and igst lappsed ? . kindly , guide me.

Are the signatures of the person under whom we are undergoing ca articleship required on the form 112 before getting it stamped by icai or the signatures of the student and principal of the college enough? Also plzz let me know, are we required to fill the page of recommendation of the employer in the form?

Can experts please clarify my below query with regard to LTCG, capital gain bond investment and basic exemption limit?
A person sells a house and have got 10 Lakh as capital gains. He doesn't have any other source of income except for FD interest of Rs.10000 in the current financial year (2019-20). As per Sec 54EC, if he invests the capital gains into capital gain bonds, he need not have to pay tax. In this case, after adjusting income from other sources (Rs.10000) from basic exemption limit of Rs.2,50,000, he still has balance of Rs.2,40,000. As such, can he only invest Rs.7,60,000 in capital gain bonds after adjusting against the balance Basic exemption limit to reduce his tax liability to 0? From what I understand, this was allowed but someone said this adjustment is no longer available from AY 2020-21 as part of FY-19 budget proposal. Please advise if this adjustment is still valid for current FY.

Sir,

One of our customer's bank receipt agst sales has been accounted as cash sales and same time sales entry booked in parties A/c as credit sales in the PY. Finalization & filing of PY already over.
Now Customer A/c showing, received amount as receivable.

Could you please suggest a way to rectify this error?

Dear All,
I would like to know the procedure for changing the registered address in trust deed from Chennai- TN to Odisha.
Trust has no property, Office Changing from One state to another state.
Trust Certified with 80G from Chennai Jurisdiction.

Regards,
Biibhu

While uploading Invoice in GSTR1, we are getting error message in two invoices. They are mention below
//Receiver is the type of SEZ. Please give invoice type as SEZ with payment or SEZ without payment//

SEZ with payment ? SEZ without payment ?
What is the meaning, which is to be selected to upload the invoice.

Hi Team,

Can somebody help me to know an understanding the present requisite to have a payroll system for a new company?

To start with, Should a company have a separate company Labour Law?

What are the laws should we consider for a new company who would like to start payroll?.

Thank you

I am a staff of a financial company working in TDS department. We had a TDS demand for 4 Financial years. We paid some challans in different dates towards different Financial years. Now I am not able to trace out how much amount was paid towards each Financial years. Can any help to find out it from Income Tax website or Traces website