Dear Abbas,

From the information written, I understood that basically, it is an Opening balance difference coming from the previous year & getting carried forward to C.Y, in this case, you can make some audit Adjustment Entries in the respective head in order to rectify the previous year's error

But before doing anything further adjustments it is better to check with your senior.

Hi Experts,
I filled an TDS return for 2nd Qtr 2023-24. In that Form 26Q, there is an deductee whose PAN is Inoperative and due to that I have been served with a Demand @ 20%.

Please guide what to do in this case ? Should, I have to deposit this demand or any other way to rectify the same ?

Wish to get your valuable support.

whether remittance made by NRI , maximum permitted under LRS out of His /Her NRO account maintain with their banker.

whether new TCS provision will attract NRE if funds are remitted out of NRO Account ?
As such Banker Deduct maximum marginal TAX @30% + education cess ?

Mahendra Doshi C.A

Dear Sir

By mistake in our last year few import invoices( basic amount before gst)shown under in purchase GST head and tax show under IGST. Now return file has been submitted so in future we will face any circumstances due to this reason. Please guide us.

which document will be issued for supply of goods (stock transfers) between distinct persons?

We are Providing Housekeeping and Manpower supply services to our clients.
-One of the clients want us to supply 20nos. dust bin to them.
-we are not trader as well as dealer in goods. so we have to procure dust bin from market.
-then we charge 2% management fees on overall value of dustbin and then raise invoice to our client.
The issue is what HSN/SAC code we need to put while issuing invoice to our client?
We can not use HSN code of dustbin as we are not trader/dealer but our client want us to put HSN code of Dustbin.
Can we issue invoice as Business support service?

IN WHICH HEAD (MINOR AND MAJOR)THE APPEAL FEES TO INCOME TAX TRIBUNAL IS TO BE PAID ?

hi,

can anybody pls clarify on the below point

we have paid tds and filed 26q of the same (Q2)...after the filing i got default notice of in-operative PAN (which was due to PAN Adhaar not linked)...just wanted to check if the person has done PAN Adhaar link now i.e. in nov'23 were i suppose to deduct 20% for the earlier period (and now onwards the applicable rate) or i can rectify the return and do the corrections for the earlier period (Q2)(will that be acceptable)?

I am CA Professional and a proprietor of my Firm , my question is that
1. Can I become partner in another Firm/Business along with my Proprietorship Or
2. Can I Become partner in my parents Business
3. will there will be change in my attestation power
4. what are the Dos and Don'ts for a CA Professional /

property value is 90 Lakhs
but individual share of a buyer is 45 lakhs each (as it is a jointly owned property by husband and wife with 50-50% share on EMI deduction)

in this case is TDS applicable ? as there is no clear guideline on this.