Q1) If I buy Diary for distribute client as gift and expenses booked in my books as marketing expenses. In this case I am liable to deduct TDS if invoice value is more then 35000????

Dear All,

Can we file Income tax return for A Y 2017-18 ..any possibilities...????

SIR'
WHEN A PARTNERSHIP FIRM BOOK OF ACCOUNTS AND TURNOVER OF THE FIRM IS BLEOW ONE CRORE AND PROFIT IS BELOW 8%(INCLUDING PARTNER SALARY AND INTEREST)
SALES RS.70.00 LAKS
SALARY & INTEREST RS.3.80 LAKS
NETP PROFIT RS. 10,000/-
IF APPLICABLE U.D 44AB OR 44AD
THANKS

Is there any liability of TDS on payment of processing charges by a residential company to Export import (EXIM) Bank. Is EXIM Bank regulated by Banking Regulation Act?

Dear Expert,

Expenses booked last year but payment not made and tds also not deducted

So i can i book tds entry this year ?

SIR'
WHEN A PARTNERSHIP FIRM BOOK OF ACCOUNTS AND TURNOVER OF THE FIRM IS BLEOW ONE CRORE AND PROFIT IS BELOW 8%(INCLUDING PARTNER SALARY AND INTEREST)
SALES RS.70.00 LAKS
SALARY & INTEREST RS.3.80 LAKS
NETP PROFIT RS. 10,000/-
IF APPLICABLE U.D 44AB OR 44AD
THANKS

XYZ is a Director in PQR Ltd. Chennai (Not on pay roll) as well as ABC, Mumbai (On pay roll) having a common parent company EFG in Japan. The Directors sitting fees including other incidental expenses for attending meetings at PQR, Chennai are paid by EFG in foreign currency but to ABC, Mumbai since XYZ is representing ABC while attending meetings of PQR. Is ABC, Mumbai liable to pay GST on it?

Sir, We have filed appeal with CIT(A) on 31st Dec 2016, (at that time pre deposit rate was 15%). CBDT had hiked pre deposit rate to 20% in Aug 2017. The case is still pending with CIT(A) in 2020. Now Assessing officer is asking for additional 5% (20-15=5). We would like to know whether officer can demand such additional amount? if no, is there any supporting notification or circular?

Sir, Whether dissolution deed is required to be prepared if one partner dies in partnership firm having only two partners? and whether any information is to be provided to income tax department about dissoution of partnership on death of any one partner out of two?? if yes, what is the time limit ?

A company is paying processing fees to Exim Bank. Is TDS applicable on the same?