Please guide if I have to file Form 71 where income is recorded as per accrual basis in FY 2021-22
and TDS deducted appears in 26AS of FY 2022-23 till when can Form 71 be filed.
Thanks in advance.

I have change my gender because I filled wrong gender

Dear Sir,

How to show the purchase under composition scheme in our books of accounts ?

PLEASE ADVISE & OBLIGE.

YRS TARIQUE RIZVI

982 1630 130

If we are calculating profit prior and post incorporation.
Where will we consider audit expenses ?
Can we consider it a post incorporation expense ?

Hi Team,

TVS Holdings redeemed NCRPS on 22-MAR-2024.
Refer news: https://www.thehindu.com/business/tvs-holdings-plans-to-redeem-ncrps-on-march-25/article67899429.ece

On 16-JUN-2023 , 232 NCRPS were credited on my trading account.
On 22-MAR-2024, I received Total Amount : RS 2528.8

Breakdown of the amount:
Redemption Amount: RS 2320
Coupon Payment: RS 208.8

Could you please confirm how above amounts would be taxed?

As the NCRPS are redeemed within a year (i.e. matured and NOT SOLD) , is Redemption Amount : RS 2320 STCG and taxable as per Income Tax Slab rate?
Also is Coupon Payment taxation same as Dividend/Interest? i.e. is Coupon Payment of RS 208.8 STCG and taxable as per Income Tax Slab rate?

Dear Experts,

We are manufacturer & proprietor concern & want to take Pure Labour Service from an unregistered person.

Should we pay GST on this service? or we are exempt to pay GST.

Kindly advice.

I have payment due of rs 25000 since fy 2021-22, supplier is a trader of chips . Supplier fulfils criteria of msme . In this case do i need to make payment before31-3-2024.


And in case supplier has closed down business how can i make payment . To that msme if it is required to be paid

Sir,
A RTP ITC difference details mentioned below f.y 23-24
ITC claim as per books rs:923410/-
ITC claim as per gstr2b rs:945320/- in gst portal
ITC claim as per gstr2a rs:935790/- in gst portal
Doubt:
Dealer ITC difference adjustment based above mentioned options for the month of March -24 month

Dear All,

Please confirm the Applicability of Sec 194M.

Taxable Amount 48,55,424
Add: GST Amount 8,73,976
Total Invoice Value: 57,29,400

Please advise applicability of TDS u/s 194M and tds amount
please share any case laws reference

Suman Kumar
Thanks

A private limited company incorporated in India is entered into agreement with foreign company, where foreign company send trainers/faculties to India. Indian Company who engaged in teaching will take service of this faculties for giving classes/training to their customers/students. All payments will be made directly by Indian Company to Foreign Company. Then Foreign Company settle the amount of faculties. Whether TDS applicable for this payment by Indian Company under 195? if so, at what percentage?