TDS implications for the Services to be provided by the various partners.

1. Nature of Services covered: -Collection agency services.
Fees: - Fixed % of collection fees on principal monthly outstanding.

2. Nature of Services covered: -
a) Completion of pre & Post sanction Documentation of the Customers.
b) Facilitating personal discussion (‘’ PD’’) and onboarding the Customers.
c) Identification of vendor/supplier/customers of Partner for the purpose of providing of
products by the Company.
d) Limit of loan approval and completion of post sanction documentation for Customers.
e) Tracking of Limit of loan utilization by the Customers.
f) All the ancillary services which are related to performance of services by the partner.

Nature of Fees Basis
Service Fees End Customer rate less hurdle retained by company.
Such service fee plus applicable GST will be paid on receipt basis only i.e.
based on actual collection amount received for that particular period of time
say, every month basis invoice raised.
Processing Fees To be retained by the partner. (Processing fees plus Applicable Taxes)
Bounce Charges Retained by Partner
Penal Charges Retained by Partner

How to make journal entry for Joint fixed assets purchased.
And also Journal entry of Joint Bank account maintained.

How to make Journal entry of Loan taken against term Deposit.

Loan token for car loan how to bifurcate it
means Principal amount equal to loan amount and interest amount charged to profit and loss account.

A Pvt Ltd company registered under the Companies Act 1956 wants to convert its MOA & AOA to e-MOA & e-AOA. What is the details procedure for such conversion?

1. System has not generated summary of Table 3.1(d) and Table 4 of FORM GSTR-3B on the basis of your GSTR-2B as same is not generated for the current tax period
2. Error! GSTR 2B for this return period is not generated, kindly go to IMS dashboard, and compute your GSTR 2B manually to proceed with GSTR 3B

We have a construction company. We have received the CCTV camera bill, including installation charges. How to pass the entry.

Dear Community,

I am seeking advice and insights regarding a situation we have encountered with the auto-debit of an EPF payment. On 18th February 2025, we attempted to make the EPF contribution through our Yes Bank Corporate Banking portal, but unfortunately, the transaction failed due to an error. Despite this, we successfully made the payment via our HDFC Bank account to ensure timely compliance.

However, we were surprised to discover that an amount of Rs. 4,88,376 was auto-deducted from our Yes Bank Corporate Account (Account No: XXXXXXX) on the same date, despite the initial payment attempt failing. This deduction occurred without our approval, which goes against our company's internal approval process for payments.

We have also faced repeated technical issues with both the EPF Portal and Yes Bank's platform, which have resulted in failed payment attempts multiple times.

My questions to the community are:

Has anyone encountered a similar issue where an auto-debit was processed despite the initial transaction failure? How did you resolve it?
Is there a standard process that banks follow in such cases, and should we expect a refund in situations like this?
What steps can we take to prevent such issues in the future, both in terms of technical glitches and ensuring proper payment approvals?
Any advice on how to escalate this matter to ensure a swift resolution, given the urgency and compliance nature of EPF contributions?
We would appreciate your insights and suggestions to address this matter.

Thank you in advance for your help!

We maintain Employee Gratuity Trust account in bank. LIC credited gratuity amount in our Bank trust account.
In gratuity trust bank account unclaimed or un paid huge amount lies from 8 years. In that gratuity trust account bank interst credited.
Now we want to transfer interest earned amount to our business bank account and to show int. income.
Is it right method, if no, then what treatment to be done.

Pl. Guife

Here is the scenario. An employee broke his personal mobile and asked the owner of the proprietor ship firm to help him out in purchasing a personal mobile from a mobile dealer who has regular business with the firm. The vendor raised an invoice in the name of the firm (proprietorship firm ) and handed over the mobile to employee. When the payment was made by the firm to the mobile dealer when it recovered the entire cost of the mobile from the employee from his salary (paid in cash each month). The mobile phone dealer acknowledged that he has received the money from the employer. Now the employer has shown the mobile as his company asset in the books of accounts and claimed Rs 2899 of input tax credit in GST and depreciation as capital asset (office equipment). Can the employee sue the employer for the same?? What is the declaration employee has to take from the employer???