Experts : 1 Days Post

Displaying all posts within 1 days

Venkateshwarlu Pulluri

22 April 2025 at 11:39

Posted On : 22 April 2025

Donation limit to a Temple in the shape of Cash

one of the trust is being constructing a temple at Ramagundam, for which they are in need of money to build construct said temple,

(1) can they accept cash
(2) what is the procedure of providing exemption certificate to donors for the donations given

Dhirajlal Rambhia

22 April 2025 at 11:05

Posted On : 22 April 2025

In Reply To :

TDS on advance amount paid to builder

Technically it is possible, but in case of scrutiny it may not be allowed.

PADARTI SUBBA RAO

22 April 2025 at 10:44

Posted On : 22 April 2025

How to generate e invoice for a software company having LUT Bond

Sir, I have applied LUT for a software company. I have get the acknowledgement at the filing of LUT application. There is no LUT number in the acknowledgement. How to find LUT number. Is LUT Number to be filled at the time of generating e invoice. Please help me.

Deepa V

22 April 2025 at 09:47

Posted On : 22 April 2025

In Reply To :

TDS on advance amount paid to builder

Thank you for your reply. The builder is saying that TDS for past instalments can be paid with current date as the deduction date.Is that correct.

Dhirajlal Rambhia

22 April 2025 at 09:04

Posted On : 22 April 2025

In Reply To :

Receipts in bank account by way of transfer from various persons via UPI

The collection is reason for inquiry from ITD, when there is no business activity. You cannot declare 6/8% profit without having eligible business. Declaring him as collection agent on commission basis can justify it to some extent, but for that you have to maintain proper books of accounts and justify funds outflow.