Hello everyone,

A ltd has received an invoice from consultant - professional fees 100000, out of pocket expenses-15000 (food, travel & accomodation ) total 115000

He has provided evidence of accomodation.

should we deduct tds on 100000 or 115000

if suppose he issues two seperate invoice one for 100000 and one for reimbursement of OPE then what would be implication on TDS ??

Thanks

Private Limited company
Paid up share capital 1.74 cr
Reserves - 2.65 cr
Turnover - 47 cr

Is CARO applicable on this company

I have a proprietorship firm engaged in exports of handicrafts. I had a car in the name of the firm with book value 3 lakhs. I sold it for 4 lakhs (1 lakh profit) . After 4 days I purchased a new car for 10 lakhs.
How do I account for it ? After claiming depreciation till date of sale , do I show profit on sale of fixed asset (old car) ? Or do I just make an entry for sale of old car and a new entry for purchase of new car in my books in which case I won't have to show profits ? Thanks for clarifying.

Dear sir,
We are a society registered U/s 12A and 80G. We are having an FDR of Rs 2 Crores and on that the interest accrued but not received is Approx Rs 15 Lacs the interest gets added to FDR amount.

We are also falling short of 85% utilization of our Gross receipts. Sir my question is do we have to file two forms form no 9A for interest of FDR accrued but not received and form 10 for short utilization of 85%.
my second question is do we have to add the interest accrued but not received in total receipts and then calculate 85% or exclude the interest figure and then calculate 85%

RESPECTED SIR,
AS REGARDING ABOVE SUBJECT, MY QUERY IS THAT CAN WE CLAIM GST ITC ON COMPUTER SPEAKER BEARING HSN CODE 85182290.

PLEASE REPLY.
REGARDS

my demat account was with Citi bank and Citi bank migrated in to Axis bank on july 2024
my demat a/c automatically converted to Axis demat account now if I sell my shared ,it is consider as short term capital gain with profit while I purchased shares in 2015 and it is LTCG with loss
I talked with Bank but they are clueless.
can anyone guide me please??

Thanks in Advance

good evening Sir, client was issued a notice for defective return u/s 139(9) on 01 AUG 2024, last date for response was 16 AUG 2024, as he filed return in ITR 1, where as he was having income from VDA and LTCG in listed shares, now he has come to me to file return. what should be done now, as the option to response for defective return has been disabled.

can i filed Revised Return u/s 139(5) under old regime as the original return was filed in old regime for this case?

HI, PLEASE TELL ME THE PROCESS OF TRANSFERRING A PROPRIETORSHIP FIRM UNDER THE NAME OF A FATHER TO HIS SON.
FATHER HAS BEEN RUNNING THE BUSINESS FOR QUITE SOME TIME. NOW DUE TO OLD AGE WANTS TO GIFT THE ENTIRE BUSINESS TO HIS SON.
SON DOES NOT HAVE A GST NUMBER YET.
FATHER HAS LAND THAT IS BEING USED AS THE REGISTERED PLACE OF BUSINESS.
FATHER WANTS TO GIFT EVERYTHING TO HIS SON INCLUDING CREDITORS, DEBTORS, ASSETS, LIABILITIES, ETC.
PLEASE TELL ME THE PROCESS AND CHARGES OF DOING THE SAME.

THANK YOU AND REGARDS

I have filed correction in 26QB with regard to change in amount credited, Total Amount Paid/Credited in previous Installments and Total Stamp Duty Value of the Property in 26 QB. Income tax department has asked me to submit indemnity bond of 100. can any one please provide with FORMAT of the same.

Hello,
Had a query since ITR 2 was filed for LIC Agent Commission Income now, Department have issued defective return notice, but unable to revise the return or respond to defective return notice with new Form Type ITR 3.
Process of filing is getting stuck at last for validation in both cases u/s 139(5) & after selecting option respond to Notice u/s 139(9).
Even manual Utility is having issue at Point - whether you are Director of any co ? Green Field Macros is not opening to let me answer Yes or No. Despite macros have been runned properly, this field is still Grey & protected.
Can anyone help?