Aakriti Gupta
28 February 2019 at 12:15

Company secretary

Hello everyone,I am a student.I am 24 years old.I am doing CS.Right now I am in executive level,i have already given 5attempts and now i don't understand whether i should go for next attempt or not.I don't have any work experience till.Now I am worried if i continue with my Cs it will be completed at the age of 26-27(i guess).So i would like to know whether at that age i will be able to get a job in a good reputed company with good package or not.Or apart from Cs i should go for any online professional course?


VIPIN GUPTA
28 February 2019 at 11:34

Tds applicability

Dear Sir, I was covered under tax audit During the A/y 2017-18 and not covered under A/y 2018-19, do we have to deduct TDS for A/y 2019-20. We are having the TDS number is there any obligation to Deduct TDS as we have TDs Number.


Mugdha
28 February 2019 at 11:33

Tds on salary

Dear Experts Thanks in advance

I have worked out one of our employee tax liability under the taxable income from salary a.y 19-20 RS 25428 , till date I have deducted and paid tds online RS 23452. but the end of Jan-19 employee provided details that he want to claim deduction under sec-80c Rs 32130/-if i claim deduction u/s 80c his total liability comes nil my query is that shall i deduct tds or not for the month of feb & March-19.

Taxable income after standard deduction & before 80c deduction Rs= 591000
Tax liability =31928 /-
tds deducted and paid so far =23452/-
80 C deduction RS = 32130/-
whether tds to be deducted or not for the month of feb & March-19 for filing the return.


123456789
28 February 2019 at 10:22

Building tax

building tax comes under which head in tally


Kaustubh Ram Karandikar
28 February 2019 at 07:02

Common services received at head office

XYZ having manufacturing unit cum Head Office in Maharashtra and other units outside Maharashtra. Certain common services are received at Maharashtra on which 100% credit is taken at Maharashtra. In this situation, they can raise monthly invoice in the name of other units under the category of ‘Business Support Service’ based on the value mentioned in the invoices of the service provider for common services received at Maharashtra and by adding certain percentage of mark - up on it. Once this figure is arrived at, the same needs to be apportioned in the name of each unit based on cost centre wise expenses maintained by company on monthly basis. Will this be allowed or Maharashtra should necessarily obtain ISD Registration and then distribute the credit to other units?


Saroj Jyoti
27 February 2019 at 21:53

Unsecured loan- not repaid

Hello experts,

My query is related to my previous query!!!!!

This time the unsecured loan is not repaid by Father to his 'Son', Son Dies and unsecured loan repayment not being paid by father to his son.

There's is no 'WILL' and 'Legal Heir' were made to conclude the same.

What will be the treatment of unsecured loan in the Father Balance sheet?

Shall I capitalized it or treat it as an income and pay tax on the same?


Divyesh Jain
27 February 2019 at 16:34

Form 704 error

Dear Sir,

While validating Form 704, I am getting an unknown error as "Please check the data which you have entered". I have validated all my sheets individually but there is no error showing. But when I am trying to generate the file I am getting the above error which I could not understand. I called the helpline number too but they are taking time to resolve my query.

My return is from April - June, 2017 since from July GST was applicable.

Please help me, if someone has gone through the same issue. It is urgent.

Regards,
Divyesh Jain


info SKA
27 February 2019 at 16:07

Refund of income tax

sir there was a return filed on 02/07/2018 after that we get an intimation that such return was defective for that we have already filed response against it but the same is under the processing period. the amount of refund is handsome we have already filed a grivience for the same. so what is the alternative procedure for the same. please let me know.

thank you


Shraddha
27 February 2019 at 14:31

Msmed certificate

Dear Experts, Please let me know MSME certificate is District wise applicable or is it applicable for whole enterprise?
Actually our company is registered as SMALL under MSME Act but certificate has issued DISTRICT INDUSTRIES CENTRE , AHMEDABAD Government of Gujarat as our factory is at Gujarat and company's registered address is Mumbai, Maharastra. So, please guide me may I use the MSME certificate for the Mumbai customer.


ch.satyamnaidu
27 February 2019 at 14:30

Sales invoice

Respected Experts,

Good evening

Please provide clarification.

We are dealers of supply of coal .we rise invoice like this.

1.Basic value =1000
GST5% =50
CESS = 400
SubTOTAL =1450
TCS as IT act 1% =15
Total invoice value =1465

Some other people says like below
2..Basic value =1000
TCS as IT act 1% =10
GST5% on 1010 =51
CESS = 400

Total invoice value =1461

Which is correct 1 or 2 ?? Or any other please suggest me
plzzzz





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